Devaluation

EQS-News: Aroundtown SA announces FY 2023 results with strong liquidity and solid operations

Retrieved on: 
Wednesday, April 10, 2024

Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.

Key Points: 
  • Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.
  • Aroundtown (‘the Company’ or ‘AT’) announces results for the year 2023 in the top range of full year guidance, successfully navigating a volatile macroeconomic environment.
  • €1 billion in new bank debt during 2023 from a variety of different banks, utilizing the strong banking relationships.
  • You can find the Consolidated Report for FY 2023 on AT’s website under Investor Relations > Publications > Financial Reports or under this link:

Aroundtown SA announces FY 2023 results with strong liquidity and solid operations

Retrieved on: 
Wednesday, April 10, 2024

Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.

Key Points: 
  • Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.
  • Aroundtown (‘the Company’ or ‘AT’) announces results for the year 2023 in the top range of full year guidance, successfully navigating a volatile macroeconomic environment.
  • €1 billion in new bank debt during 2023 from a variety of different banks, utilizing the strong banking relationships.
  • You can find the Consolidated Report for FY 2023 on AT’s website under Investor Relations > Publications > Financial Reports or under this link:

EQS-News: PUMA’s 2023 financial performance impacted by extraordinary Argentine peso devaluation

Retrieved on: 
Tuesday, January 30, 2024

Excluding the extraordinary devaluation of the Argentine peso, PUMA delivered currency-adjusted sales growth above 8%, driven by the continued brand momentum and robust demand for its products.

Key Points: 
  • Excluding the extraordinary devaluation of the Argentine peso, PUMA delivered currency-adjusted sales growth above 8%, driven by the continued brand momentum and robust demand for its products.
  • The accounting treatment of the hyperinflationary economy Argentina and its significant devaluation of the Argentine peso mid of December resulted in an extraordinary impact on fourth quarter and financial year results for 2023.
  • Despite the extraordinary devaluation of the Argentine peso, fourth-quarter EBIT was strong with approx.
  • The devaluation of the Argentine peso especially impacted the fourth quarter financial result, resulting in a net income of approx.

XTM Provides Investor Update on QRails Acquisition and Financing

Retrieved on: 
Tuesday, October 31, 2023

XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami, Toronto, Denver and London-based Fintech creator of payment innovation including fully certified Earned Wage Access (EWA) through its QRails AnyDay™ product provided an update today on the QRails acquisition and financing.

Key Points: 
  • XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami, Toronto, Denver and London-based Fintech creator of payment innovation including fully certified Earned Wage Access (EWA) through its QRails AnyDay™ product provided an update today on the QRails acquisition and financing.
  • XTM closed the acquisition XTM Closes QRails Acquisition in August 2023.
  • XTM, as a publicly traded company, faced complexities in bringing together Canadian and U.S. businesses, resulting in six-months to close the transaction.
  • XTM and QRails’ B2B business model results in a low cost of acquisition and the financial leverage of each integration.

THE COUNSELORS OF REAL ESTATE® REVEALS ANNUAL TOP TEN ISSUES AFFECTING REAL ESTATE FOR 2024

Retrieved on: 
Thursday, October 5, 2023

CHICAGO, Oct. 5, 2023 /PRNewswire/ -- The Counselors of Real Estate®, a global organization of commercial property advisors, today released its annual report on the Top Ten Issues Affecting Real Estate® for the upcoming year. Since 2012, the report has identified the current and emerging issues Counselors expect to have the most significant influence on real estate. As the real estate industry faces an extraordinary era of unpredictability, the effect of political unrest and global economic health is the leading concern of the 1,000-member organization in its 2024 report, with office occupancy and valuations, the housing shortage and artificial intelligence (AI) rounding out the top four issues.

Key Points: 
  • CHICAGO, Oct. 5, 2023 /PRNewswire/ -- The Counselors of Real Estate®, a global organization of commercial property advisors, today released its annual report on the Top Ten Issues Affecting Real Estate ® for the upcoming year.
  • Since 2012, the report has identified the current and emerging issues Counselors expect to have the most significant influence on real estate.
  • "The Counselors of Real Estate proactively recognizes crucial themes so we can pinpoint trends and note their evolution and subsequent bearing on real estate," said William McCarthy, CRE®, global chair of The Counselors of Real Estate.
  • "This next year will be crucial to real estate with the upcoming election at the local, regional and national level," said McCarthy.

Tingo Group, Inc. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 31, 2023

Net revenues of Tingo Group for the second quarter 2023, were $977.2 million, compared to $12.0 million for the second quarter 2022, up 8,072%.

Key Points: 
  • Net revenues of Tingo Group for the second quarter 2023, were $977.2 million, compared to $12.0 million for the second quarter 2022, up 8,072%.
  • Gross profit of Tingo Group for the second quarter 2023, was $346.0 million, compared to gross profit of $2.1 million for the second quarter 2022.
  • Operating profit of Tingo Group for the second quarter 2023, was $181.7 million, compared to a loss of $13.8 million for the second quarter 2022.
  • EBITDA1 of Tingo Group for the second quarter 2023, was $283.1 million, compared to a EBITDA1 Loss of $12.2 million for the second quarter 2022.

Creta Unveils Web3 Gaming Ecosystem And Four Blockchain Games

Retrieved on: 
Tuesday, December 27, 2022

Dubai, UAE, Dec. 27, 2022 (GLOBE NEWSWIRE) -- Creta , a Web3 entertainment company developing and publishing video games and a suite of solutions for Web3 gaming, unveils the gameplay of the upcoming blockchain game Kingdom Under Fire: The Rise and showcases the progress achieved in building its ecosystem of Web3 products, comprised of a one-stop-shop gaming platform, the metaverse, and blockchain gaming community service Super Club.

Key Points: 
  • Dubai, UAE, Dec. 27, 2022 (GLOBE NEWSWIRE) -- Creta , a Web3 entertainment company developing and publishing video games and a suite of solutions for Web3 gaming, unveils the gameplay of the upcoming blockchain game Kingdom Under Fire: The Rise and showcases the progress achieved in building its ecosystem of Web3 products, comprised of a one-stop-shop gaming platform, the metaverse, and blockchain gaming community service Super Club.
  • The announcement took place at Creta Summit 2022 in Tokyo, Japan, attended by video games and blockchain aficionados from Japan and overseas, heralding a significant step forward in bringing advancements in Web3 to the realm of video games.
  • The announcement of other blockchain games that have been in active development by Creta comes as an extra frosting on top.
  • KUF and other gaming juggernauts developed by Creta will be launched and played via the tailor-made gaming platform, similar to how games are played on prominent Web2 platforms now.

NCD examines alternatives to popular prescription drug cost-effectiveness method that can discriminate

Retrieved on: 
Monday, November 28, 2022

WASHINGTON, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Today the National Council on Disability releases a policy brief that examines alternatives to a popular prescription drug cost-effectiveness methodology that has the potential to discriminate against people with disabilities.

Key Points: 
  • WASHINGTON, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Today the National Council on Disability releases a policy brief that examines alternatives to a popular prescription drug cost-effectiveness methodology that has the potential to discriminate against people with disabilities.
  • Alternatives to QALY-Based Cost-Effectiveness Analysis for Determining the Value of Prescription Drugs and Other Health Interventions supplements NCDs 2019 report, Quality Adjusted Life Years and the Devaluation of Life with a Disability .
  • With this brief, we have explored alternatives to a methodology that often does.
  • NCD is an independent, bipartisan federal agency that advises the President, Congress and other federal agencies on disability policy.

Trio-Tech Reports First Quarter Net Income of $0.21 Per Share As Revenue Increased 17%

Retrieved on: 
Thursday, November 10, 2022

Revenue for the three months ended September 30, 2022 increased 17% to $11,939,000 compared to $10,171,000 for the three months ended September 30, 2021, highlighted by a 38% increase in testing services revenue.

Key Points: 
  • Revenue for the three months ended September 30, 2022 increased 17% to $11,939,000 compared to $10,171,000 for the three months ended September 30, 2021, highlighted by a 38% increase in testing services revenue.
  • Overall gross margin increased 14%, but declined to 30% of revenue compared to 31% of revenue in the same quarter last year, primarily related to lower margin product mix at testing services and manufacturing operations.
  • Net income for the first quarter of fiscal 2023 was $882,000, or $0.21 per diluted share, compared to net income of $917,000, or $0.23 per diluted share, for the first quarter last year.
  • Shareholders' equity at September 30, 2022 decreased to $27,818,000, or $6.82 per outstanding share, compared to $28,002,000, or $6.88 per outstanding share at June 30, 2022.