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HYPEBEAST LTD. (0150.HK) Ventures Into New Interest Areas Amid Strong Growth Dynamics

indie
4 minutes

HONG KONG, Feb 21, 2022 - (ACN Newswire via SEAPRWire.com) - The board of directors of Hypebeast Limited (Stock Code: 0150.HK) has announced the Group's unaudited key financial results for the three months ended 31 December 2021 ("FY2022 Q3"). The Group started the Financial Year on a high note and continued momentum in FY2022 Q3 with a strong emphasis on realizing strategic and geographical expansion initiatives to capitalize on new business opportunities. In particular, the Group has executed a multi-layered diversification strategy, including content generation in new interest areas such as art and sports, the continued expansion of advertising capabilities offered by the Group's Media segments, and product expansion on the E-Commerce and Retail segments, all of which have energized existing consumers and paved the way for future business growth.As the trend towards digital channels continues, the Group has made a corresponding greater shift in marketing and advertising budgets from traditional marketing channels to digital and online channels, and the Group expects to benefit from this dynamic operating environment. The Group's existing strategies and a favorable operating envi...

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SGX-listed Beng Kuang Group Achieved Stronger Performance in 9M2021

indie
6 minutes

Singapore, Nov 17, 2021 - (ACN Newswire via SEAPRWire.com) - Beng Kuang Marine Limited (the "Company", and together with its subsidiaries, the "Beng Kuang Group"), is pleased to share its business update for the nine (9) months ended 30 September 2021 ("9M2021").Highights:- The Group's IE and CP business segments registered strong revenue growth of 106.4% and 84.9%, increasing to S$22.62 million and S$13.37 million respectively in 9M2021, while revenue from the Group's SH business segment dipped significantly as both of the Group's livestock vessels were taken off charter during 9M2021.- With a substantial amount of fixed assets in the balance sheet, the Group registered a depreciation expense (non-cash component) of S$6.18 million in 9M2021.- The Group's IE order book is S$8.0 million as at 30 September 2021, of which S$3.0 million is attributed to ASOM that provides specialised on-site vessel repair and maintenance solutions to FPSO and FSO vessels.- Strategic review to prioritise costs minimisation and deleveraging initiatives, while focusing on monetising fixed assets and high-potential business segments to create new growth catalysts.- The livestock carrier previously detained...

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Wintermar Offshore (WINS:JK) Reports Turnaround 9M2021 Results

indie
5 minutes

JAKARTA, Nov 1, 2021 - (ACN Newswire via SEAPRWire.com) - Wintermar Offshore Marine (WINS:JK) has announced turnaround results for 9M2021 with a net profit of US$0.49 million following a loss of US$7.44 mil in 9M2020.Stronger oil prices and measures to streamline the fleet and reduce gearing helped in turning the Company around after several years of heavy losses. In line with the positive outlook for oil prices, utilization also improved to 66% in 9M2021 compared to 63% in 9M2020.Owned Vessel DivisionOwned Vessel Revenue for 9M2021 was reduced by US$0.2 million to US$24.4 million compared to 9M2020. During July and August, the delta variant of COVID-19 hit Indonesia hard and affected our operations in Asia. A few of our vessels were infected while crew change was delayed due to quarantine and travel restrictions, leading to unplanned downtime. This and the completion of some high end vessel contracts led to a lower margin for 3Q2021. However, since September the pandemic has waned significantly in Indonesia and business operations have recovered back to normal.Despite the disruption from COVID-19, due to a much lower cost base and a smaller fleet, the Company made a US$4.1 mil gro...