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Wintermar Offshore (WINS:JK) Reports 1H2022 Results

indie
4 minutes

JAKARTA, Jul 29, 2022 - (ACN Newswire via SEAPRWire.com) - Wintermar Offshore Marine (WINS:JK) has announced results for 1H2022. Total revenue was up 25%YOY to US$25 million, helped by higher chartered vessels revenue. Revenues rebounded in 2Q2022 by 39%QOQ as several vessels commenced operations after delays in 1Q2022. All Divisions turned in positive gross profit for the 2nd quarter reflecting higher demand for OSVs.Owned Vessel DivisionAfter recording a loss for 1Q2022, gross profit for 2Q2022 rebounded to US$2.1 million on revenues of US$7.9 million, +19%QOQ. This reflects a higher utilization rate for Owned Vessels in 2Q2022 of 70% compared to only 61% in 1Q2022. Gross Profit from Owned Vessels turned around to US$0.8 million in 2Q2022 compared to a loss of US$0.58 million in 1Q2022.The three high tier vessels purchased recently were still awaiting the arrival of dynamic positioning equipment for an upgrade of their DP capability before conducting their Sea Trial and to be ready to sail.On a YOY basis, Owned Vessel Direct expenses were 2% higher YOY, largely from higher fuel expenses incurred in a one-off demobilization of a vessel returning from work in Africa, offset by an 8...

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HYPEBEAST LTD. (0150.HK) Delivers Record-breaking Interim Revenue of 54%+ and Increasing Profitability

indie
5 minutes

HONG KONG, Nov 29, 2021 - (ACN Newswire via SEAPRWire.com) - The board of directors of Hypebeast Limited (Stock Code: 0150.HK) has announced the Group's unaudited interim results for the six months ended 30 September 2021 ("1H2022"). The Group has proven to overcome and emerge stronger from last year, indicated by the all-time high interim performance recorded in 1H2022. Revenue experienced an overall strong double-digit percentage growth, with an increase of 54.4% as compared to 1H2021, with the Media segment excelling with a 89.4% increase in revenue, reaching HK$326.9 million. Gross and net profits also saw exceptional growth, with an increase of 102% and 201.5%, amounting to HK$258.4 million and HK$63.0 million respectively. This translated to an increase of gross and net profit margins of 13.8 percentage points and 7.3 percentage points, reaching 58.6% and 14.3% respectively.The significant growth in the Media segment was mainly driven by the expansion of the media and agency client base in the Group's core markets (US, United Kingdom, China, Hong Kong and South Korea) which, combined, represented a period-on-period growth in total signed contract value (a key operating measur...