Approximation

IHS Holding Limited Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Tuesday, March 12, 2024

Technology, Telecommunications, IHS, Loan, Approximation, Standard Chartered, SSA, IHS Towers, GTS, Movement, MTN, Nigerian naira, MENA, ZAR, CIV, FX, USD, NGN

Revenue for our Nigeria segment decreased by $34.6 million, or 9.7%, to $320.7 million for the fourth quarter of 2023, compared to $355.3 million for the fourth quarter of 2022.

Key Points:

Revenue for our Nigeria segment decreased by $34.6 million, or 9.7%, to $320.7 million for the fourth quarter of 2023, compared to $355.3 million for the fourth quarter of 2022.
Revenue for our Latam segment increased by $10.4 million, or 23.8%, to $54.3 million for the fourth quarter of 2023, compared to $43.9 million for the fourth quarter of 2022.
During the fourth quarter of 2023, capital expenditure (“Total Capex”) was $130.6 million, compared to $195.6 million for the fourth quarter of 2022.
The loan is guaranteed by IHS Netherlands Holdco B.V., IHS Netherlands NG1 B.V., IHS Towers NG Limited, IHS Netherlands NG2 B.V., Nigeria Tower Interco B.V., INT Towers Limited and IHS Nigeria.

IHS Holding Limited Reports Third Quarter 2023 Financial Results

Retrieved on:

Tuesday, November 14, 2023

Revenue for our SSA segment increased by $18.7 million, or 16.3%, to $133.5 million for the third quarter of 2023, compared to $114.8 million for the third quarter of 2022.

Key Points:

Revenue for our SSA segment increased by $18.7 million, or 16.3%, to $133.5 million for the third quarter of 2023, compared to $114.8 million for the third quarter of 2022.
During the third quarter of 2023, capital expenditure (“Total Capex”) was $105.4 million, compared to $174.1 million for the third quarter of 2022.
In July 2023, the available commitments were increased to $300.0 million pursuant to the facility increase clause contained within the IHS Holding RCF.
IHS SA entered into a ZAR 350.0 million (approximately $18.5 million) overdraft facility agreement in October 2023 (the “IHS SA Overdraft”).

Del Taco Launches Shredded Beef Birria With a Quesadilla, Tacos and QSR First Birria Ramen

Retrieved on:

Thursday, November 9, 2023

Online, QSR, Food, Cheese, Last meal, Crumble, Eating, MEX, Cookie butter, FREE, Free Food for Millionaires, Approximation, Del Taco, Spice, Fast food, Baking, Online shopping

Starting today, Del Taco guests can order the NEW Two Shredded Beef Birria Tacos with consomé dip, Shredded Beef Birria Quesadilla with consomé dip, and Shredded Beef Birria Ramen for a limited time at locations nationwide.

Key Points:

Starting today, Del Taco guests can order the NEW Two Shredded Beef Birria Tacos with consomé dip, Shredded Beef Birria Quesadilla with consomé dip, and Shredded Beef Birria Ramen for a limited time at locations nationwide.
With this introduction, we will not only be the first major quick-service restaurant chain to offer ramen, overnight we will become the largest restaurant chain in the country to serve ramen.”
Two Shredded Beef Birria Tacos with consomé dip ($8.59): Del Taco’s NEW Shredded Beef Birria tacos start with fresh house-grated cheddar cheese, melted between two fresh grilled corn tortillas, filled with tender and savory shredded beef birria, topped with diced onions and chopped cilantro.
Shredded Beef Birria Quesadilla with consomé dip ($6.79): Our NEW Shredded Beef Birria Quesadilla features savory shredded beef birria, fresh house-grated cheddar cheese and tangy green sauce folded into a flour tortilla and flat grilled to perfection.
Shredded Beef Birria Ramen ($5.79): Del Taco’s NEW Shredded Beef Birria Ramen is a hearty serving of our signature beef broth consomé with fresh wavy ramen noodles, tender and savory shredded beef birria topped with diced onions and chopped cilantro, and a fresh-cut lime wedge.

IHS Holding Limited Reports Second Quarter 2023 Financial Results

Retrieved on:

Tuesday, August 15, 2023

Revenue for our Nigeria segment increased by $43.5 million, or 13.5%, to $364.6 million for the second quarter of 2023, compared to $321.1 million for the second quarter of 2022.

Key Points:

Revenue for our Nigeria segment increased by $43.5 million, or 13.5%, to $364.6 million for the second quarter of 2023, compared to $321.1 million for the second quarter of 2022.
Revenue for our SSA segment increased by $28.5 million, or 30.0%, to $123.4 million for the second quarter of 2023, compared to $94.9 million for the second quarter of 2022.
Revenue for our Latam segment increased by $5.6 million, or 13.0%, to $48.3 million for the second quarter of 2023, compared to $42.8 million for the second quarter of 2022.
During the second quarter of 2023, capital expenditure (“Total Capex”) was $207.0 million compared to $146.8 million for the second quarter of 2022.

IHS Holding Limited Reports First Quarter 2023 Financial Results

Retrieved on:

Tuesday, May 23, 2023

During the first quarter of 2023, capital expenditures (“Total Capex”) were $152.6 million compared to $117.0 million for the first quarter of 2022.

Key Points:

During the first quarter of 2023, capital expenditures (“Total Capex”) were $152.6 million compared to $117.0 million for the first quarter of 2022.
IHS Netherlands Holdco B.V., IHS Nigeria, IHS Towers NG Limited, INT Towers and IHS Holding Limited entered into an up to NGN 165.0 billion (approximately $357.9 million) term loan agreement on January 3, 2023 (as amended and/or restated from time to time the “Nigeria 2023 Term Loan”), and between, amongst others, IHS Netherlands Holdco B.V. as holdco and guarantor; IHS Nigeria, IHS Towers NG Limited and INT Towers as borrowers and guarantors; each of IHS Holding Limited, IHS Netherlands NG1 B.V., IHS Nigeria, IHS Netherlands NG2 B.V., IHS Towers NG Limited, Nigeria Tower Interco B.V. and INT Towers as guarantors; Ecobank Nigeria Limited as agent and certain financial institutions listed therein as original lenders.
IHS Netherlands Holdco B.V., IHS Nigeria, IHS Towers NG Limited, INT Towers and IHS Holding Limited entered into an up to NGN 55.0 billion (approximately $119.3 million) revolving credit facility agreement on January 3, 2023 (as amended and/or restated from time to time the “Nigeria 2023 RCF”), and between, amongst others, IHS Netherlands Holdco B.V. as holdco and guarantor; IHS Nigeria, IHS Towers NG Limited and INT Towers as borrowers and guarantors; each of IHS Holding Limited, IHS Netherlands NG1 B.V., IHS Nigeria, IHS Netherlands NG2 B.V., IHS Towers NG Limited, Nigeria Tower Interco B.V. and INT Towers as guarantors; Ecobank Nigeria Limited as agent and certain financial institutions listed therein as original lenders.
On February 22, 2023, IHS Kuwait Limited drew down a further KWD 0.3 million (approximately $1.0 million) under the facility.

IHS Holding Limited Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on:

Tuesday, March 28, 2023

Revenue for our Latam segment increased by $23.8 million, or 118.8%, to $43.9 million for the fourth quarter of 2022, compared to $20.1 million for the fourth quarter of 2021.

Key Points:

Revenue for our Latam segment increased by $23.8 million, or 118.8%, to $43.9 million for the fourth quarter of 2022, compared to $20.1 million for the fourth quarter of 2021.
During the fourth quarter of 2022, capital expenditures (“Total Capex”) were $195.6 million compared to $150.6 million for the fourth quarter of 2021.
IHS Holding Limited entered into a $600.0 million term loan agreement on October 28, 2022, (as amended and/or restated from time to time, the “IHS Holding 2022 Term Loan”), between, amongst others, IHS Holding Limited as borrower, Citibank Europe plc, UK Branch as facility agent and certain financial institutions listed therein as original lenders.
The loan is guaranteed by IHS Netherlands Holdco B.V., IHS Netherlands NG1 B.V., IHS Towers NG Limited, IHS Netherlands NG2 B.V., Nigeria Tower Interco B.V., INT Towers Limited and IHS Nigeria.

Is Your Warehouse Ready for the Holidays? Five Quick-Ship Material Handling Solutions under $5K from Ultimation Industries

Retrieved on:

Wednesday, October 12, 2022

LLC, News, Approximation, MDR, Maintenance, Interroll, DC, Ultimate tensile strength, Growth, Solution, Light, Warehouse, Conveyor system

ROSEVILLE, Mich., Oct. 12, 2022 /PRNewswire-PRWeb/ -- Warehouse and distribution centers preparing for the predicted 12-14% growth in e-commerce sales this holiday season have a number of low-cost, flexible conveyor options to ease the material handling burden, according to Ultimation Industries. Ultimation is the leading direct-to-consumer conveyor manufacturer serving the automotive, food processing, vertical farming, heavy equipment, warehousing, fulfillment and delivery industries.

Key Points:

Ultimation is the leading direct-to-consumer conveyor manufacturer serving the automotive, food processing, vertical farming, heavy equipment, warehousing, fulfillment and delivery industries.
"Expanding the material handling capacity of a warehouse or distribution center to meet seasonal demand doesn't have to be a difficult, time-consuming or costly experience," said Richard Canny, president of Ultimation.
(Approximate cost: $30-150* per rail, depending on rail material, length, skate wheel type)
Expandable skate wheel conveyors.
Ultimation Industries, LLC the leading direct-to-consumer conveyor manufacturer serving the automotive, food processing, vertical farming, heavy equipment, warehousing, fulfillment and delivery industries.

VirTra Receives Follow On Order from Canada Under Standing Offer

Retrieved on:

Thursday, August 18, 2022

U.S. Securities and Exchange Commission, Securities Act of 1933, CFA, Risk, GLOBE, Approximation, Securities Exchange Act of 1934, SEC, Law enforcement, Security (finance), Virtual reality, Firearm, NASDAQ, Government of Canada, Government, Software, Solution, Person, Risk management

This order utilized the previously announced standing offer from the Government of Canada to supply marksmanship and judgmental use of force simulation technology to various law enforcement facilities.

Key Points:

This order utilized the previously announced standing offer from the Government of Canada to supply marksmanship and judgmental use of force simulation technology to various law enforcement facilities.
Part of the order will also include hands-on training for system and hardware operation.
Our standing offer with the Government of Canada is expected to be a solid source of orders for VirTra as we further penetrate markets outside of the United States, said Jason Mulcahy, VirTras General Manager.
The standing offer, solely awarded to VirTra, makes the buying process more efficient for all federal, provincial, and municipal law enforcement agencies in Canada to obtain standardized training simulators in a streamlined process.

EQS-News: Nordea Bank Abp: Fourth-quarter and full-year results 2021

Retrieved on:

Thursday, February 3, 2022

All in all, though, 2021 was encouraging, with many positive signs in the economy and society.

Key Points:

All in all, though, 2021 was encouraging, with many positive signs in the economy and society.
Our mortgage lending grew by 6%, SME lending by 6% and assets under management (AuM) by 17%, reaching all-time-high levels.
In 2021 we continued to develop our service and product offering within financing and asset management.
While we have a new target, our direction as a bank is not going to change.

PyroGenesis Announces Receipt of $4 Million Purchase Order for the First of Three 10-Ton Drosrite™ Systems from an Existing Client

Retrieved on:

Wednesday, February 2, 2022

The Client is expanding (Expansion) its aluminum processing facilities (the Facility) and, as such, expects to process an additional 30,000 tons/yr of dross.

Key Points:

The Client is expanding (Expansion) its aluminum processing facilities (the Facility) and, as such, expects to process an additional 30,000 tons/yr of dross.
PyroGenesis expects to deliver the first system of the Expansion within 6-8 months of receipt of the down payment.
PyroGenesis Drosrite offering enables smelters to not only operate more economically, but also to concurrently reduce their GHGs emissions at the same time.
With the receipt of the purchase order, we now have thirteen commercial Drosrite systems either in full operation, delivered, or in the process of being delivered.