Costa

Eastman Announces Third-Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 26, 2023
Packaging, Chemicals, Plastics, Other Manufacturing, Manufacturing, Chairperson, Eastman, Costa, GAAP, EBIT, Additive, Environment, EPS, Advanced Materials, Borrowing base, Plastic, Agriculture, Table, Renewable energy, Gasoline, Retail, Fiber

“Our third-quarter results reflect decisive steps we took to aggressively reduce inventories and prioritize strong cash generation,” said Mark Costa, Board Chair and CEO.

Key Points: 
  • “Our third-quarter results reflect decisive steps we took to aggressively reduce inventories and prioritize strong cash generation,” said Mark Costa, Board Chair and CEO.
  • In third quarter 2023, cash provided by operating activities was $514 million compared to $256 million in third quarter 2022.
  • Taking this together, we expect 2023 EPS to be between $6.30 and $6.50, and for 2023 operating cash flow to approach $1.4 billion.”
    The full-year 2023 projected adjusted diluted EPS excludes any non-core, unusual, or nonrecurring items.
  • Our financial results forecasts do not include non-core items (such as mark-to-market pension and other postretirement benefit gain or loss, and asset impairments and restructuring charges) or any unusual or non-recurring items because we are unable to predict with reasonable certainty the financial impact of such items.

Webb Fontaine Expands Central American Footprint with Costa Rican Customs Project

Retrieved on: 
Thursday, October 19, 2023
Intelligence, Information, Costa, Artificial intelligence, PBS, Machine learning, Partnership, World Bank, Cryptocurrency, Customs

This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.

Key Points: 
  • This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.
  • Webb Fontaine will lead the charge in transforming trade operations, ensuring precise Customs duty payments, and simplifying e-commerce imports, marking the biggest company's project in Central America, a vital trade hub.
  • The contract has been signed with the PBS CR-Webb Fontaine Consortium, a partnership between PBS CR and Webb Fontaine.
  • This isn't just a contract; it's a commitment to empowering Costa Rica's economic growth by streamlining and digitalizing Customs operations.

Webb Fontaine Expands Central American Footprint with Costa Rican Customs Project

Retrieved on: 
Thursday, October 19, 2023
Intelligence, Information, Costa, Artificial intelligence, PBS, Machine learning, Partnership, World Bank, Cryptocurrency, Customs

This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.

Key Points: 
  • This historic project is a key component of Costa Rica's Hacienda Digital initiative, supported by the World Bank, aimed to upgrade tax and customs procedures and information systems.
  • Webb Fontaine will lead the charge in transforming trade operations, ensuring precise Customs duty payments, and simplifying e-commerce imports, marking the biggest company's project in Central America, a vital trade hub.
  • The contract has been signed with the PBS CR-Webb Fontaine Consortium, a partnership between PBS CR and Webb Fontaine.
  • This isn't just a contract; it's a commitment to empowering Costa Rica's economic growth by streamlining and digitalizing Customs operations.

METT Hotel & Beach Resort Marbella – Estepona

Retrieved on: 
Wednesday, September 20, 2023
Tourist Attractions, Vacation, Lodging, Destinations, Travel, Breakfast, Taste, Heart, Wellness, Costa, Multimedia, HOTELS, Massage, Moi, Málaga Airport, Gibraltar International Airport, Mental health, Hotel, Resort, Mediterranean Sea

METT HOTELS & RESORTS opened its second lifestyle resort on the pristine Marbella-Estepona shoreline on 1 August 2023.

Key Points: 
  • METT HOTELS & RESORTS opened its second lifestyle resort on the pristine Marbella-Estepona shoreline on 1 August 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230920777355/en/
    METT Hotel & Beach Resort Marbella – Estepona (Photo: AETOSWire)
    On entering the resort, guests are welcomed with an impressive lobby centred around an eight metre olive tree, whilst the brand's signature scent of BAL Tropical by BOTANYC reminds us of the Mediterranean Riviera.
  • Lifestyle Pool Rooms can be booked in advance which have direct access to the Azure Beach Pool, providing immediate access to the hub of the resort.
  • We are continuing to spread the METT spirit following the success of METT Hotel & Beach Resort Bodrum.”
    Located 45 minutes from Malaga Airport and 40 minutes from Gibraltar airport, 14 kilometres from Marbella’s town centre, 13 kilometres from Estepona and nine kilometres from Puerto Banus.

Simpleview Inaugurated Within the Spanish Tourism Board

Retrieved on: 
Monday, September 18, 2023
Destination marketing organization, Heart, CMS, Tourism, Costa, COVID-19, Seychelles Tourism Board, CRM, Knowledge, City, Nightclub

MADRID, Sept. 18, 2023 /PRNewswire/ -- Simpleview is proud to announce that it has been named a new collaborating company for the Spanish Tourism Board.

Key Points: 
  • MADRID, Sept. 18, 2023 /PRNewswire/ -- Simpleview is proud to announce that it has been named a new collaborating company for the Spanish Tourism Board.
  • The collaborating company category includes corporations that are aligned with the Spanish Tourism Board goals — mainly the defence of the Spanish tourism sector and the economic and social assessment of tourism's impact.
  • Manuel Lara, director of Simpleview for Spain and Portugal, will represent the company within the Spanish Tourism Board.
  • Juan Molas, the president of the Spanish Tourism Board, said, "The entry of Simpleview reinforces the connection of the Tourism Board with the IT sector and its application to progress and improve the tourism sector.

Costa Rica Takes bold and decisive stance on cybersecurity

Retrieved on: 
Wednesday, September 6, 2023
Telecommunications, White House, Costa, TIA, Costa Rica, Government, White, Telecommunications Industry Association, ICT, Supply, SCS, Airline, Medical device

ARLINGTON, Va., Sept. 6, 2023 /PRNewswire/ -- The Telecommunications Industry Association—the trusted industry association for the connected world— today announced its support for the recent actions by the Costa Rican government to enhance its national cybersecurity posture.

Key Points: 
  • During a recent meeting at the White House, U.S. President Joe Biden and Costa Rica's President Rodrigo Chaves discussed the importance of bilateral cybersecurity cooperation.
  • President Chaves emphasized Costa Rica's determination to "lead by example" following a series of disruptive attacks on its government systems in 2022 that impacted critical infrastructure.
  • establishing a state-of-the-art national cybersecurity operations center, which has received invaluable support from the U.S. government.
  • "We commend the Costa Rican and U.S. governments as they each demonstrate leadership in the critical area of cyber and supply chain risk management."

Eastman Announces Second-Quarter 2023 Financial Results

Retrieved on: 
Thursday, July 27, 2023
Packaging, Chemicals, Plastics, Manufacturing, Borrowing base, Plastic, Advanced Materials, Costa, Table, Agriculture, Aviation, Weakness, GAAP, EBIT, Plasticizer, Chairperson, Growth, EPS, Environment, Renewable energy, Chemical, Retail, Gasoline, Natural gas

In second quarter 2023, cash provided by operating activities was $410 million compared to $245 million in second quarter 2022.

Key Points: 
  • In second quarter 2023, cash provided by operating activities was $410 million compared to $245 million in second quarter 2022.
  • In second quarter 2023, the company returned $144 million to stockholders through dividends and share repurchases.
  • Commenting on the outlook for full-year 2023, Costa said: “We delivered solid results in the first half of the year despite the challenging global economic environment.
  • Our financial results forecasts do not include non-core items (such as mark-to-market pension and other postretirement benefit gain or loss, and asset impairments and restructuring charges) or any unusual or non-recurring items because we are unable to predict with reasonable certainty the financial impact of such items.

Osisko Announces Royalty Transaction With Hot Chili on the Costa Fuego Copper-Gold Project in Chile

Retrieved on: 
Wednesday, June 28, 2023
Hot Chili, Costa, NSR, Pan-American Highway (South America), MRE, PFS, NYSE, Osisko Gold Royalties, PEA, Gold, Royalty payment, Seawater, National instrument, Mining, Water, Project, National Instrument 43-101, News, Mineral Resources Limited, Copper, Music, Molybdenum, Atacama Desert, Productora de Software

MONTREAL, June 28, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement to acquire a 1.0% copper net smelter return (“NSR”) royalty and a 3.0% gold NSR royalty (the “Royalties”) from Hot Chili Limited (“Hot Chili”) covering Hot Chili’s Costa Fuego Copper-Gold Project (“Costa Fuego” or the “Project”) in Chile, for total cash consideration of US$15.0 million.

Key Points: 
  • MONTREAL, June 28, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement to acquire a 1.0% copper net smelter return (“NSR”) royalty and a 3.0% gold NSR royalty (the “Royalties”) from Hot Chili Limited (“Hot Chili”) covering Hot Chili’s Costa Fuego Copper-Gold Project (“Costa Fuego” or the “Project”) in Chile, for total cash consideration of US$15.0 million.
  • Osisko has granted Hot Chili an option to buy down a portion of the royalty, which can only occur upon change of control and exercisable until the fourth anniversary of the transaction close.
  • Should Hot Chili’s ownership of these properties increase, the royalty will thereafter apply to the increased ownership level.
  • Productora is held in a joint venture, presently 80% owned by Hot Chili and Cortadera is 100% owned by Hot Chili.

Eastman Announces First-Quarter 2023 Financial Results

Retrieved on: 
Thursday, April 27, 2023
Packaging, Chemicals, Plastics, Manufacturing, Borrowing base, Plastic, Advanced Materials, Costa, Table, Additive, CI, Eastman, AFP, Weakness, GAAP, EBIT, Plasticizer, Appendix, Chairperson, Growth, EPS, Environment, Renewable energy, Retail, Arms industry, Fine chemical, Natural gas

EBIT decreased due to lower sales volume/mix, increased pension expense, an unfavorable impact from foreign currency, and continued investment in growth.

Key Points: 
  • EBIT decreased due to lower sales volume/mix, increased pension expense, an unfavorable impact from foreign currency, and continued investment in growth.
  • Commenting on the outlook for full-year 2023, Costa said: “We delivered solid results in the first quarter despite a difficult global economic environment.
  • Starting in first-quarter 2023, Eastman integrated the functional amines business into Additives & Functional Products.
  • First-quarter 2023 financial reporting is on this new basis.

Dar Al Arkan succeeds in the listing of its international arm, Dar Global on the London stock exchange with a valuation of 2,250,000,000 Saudi Riyals

Retrieved on: 
Monday, February 27, 2023
Main Market, Onitsha, Capital market, Ministry of Investment (Saudi Arabia), Ministry of Investment, London Stock Exchange, Official List, FCA, Lamborghini, Dynamic Tower, Costa, Drug, Kingdom

The official direct listing on the London Stock Exchange makes Dar Al Arkan one of the first Saudi homegrown brands to list on the London stock exchange.

Key Points: 
  • The official direct listing on the London Stock Exchange makes Dar Al Arkan one of the first Saudi homegrown brands to list on the London stock exchange.
  • Yousef Al Shelash, Chairman, Dar Al Arkan, commented on the milestone: "This is an extremely proud moment for us.
  • London is the ideal venue as Dar Global looks to access a larger pool of investors and partners to support its expansion ambitions in the global luxury real estate landscape.
  • Liberum Capital Limited acted as Capital Markets Adviser on the listing and Norton Rose Fulbright LLP acted as legal adviser on the listing.