ACN Newswire

Joy Spreader’s First Quarterly Results: Video E-commerce Business Soars 143.58%

indie
2 minutes

HONG KONG, May 10, 2021 - (ACN Newswire via SEAPRWire.com) - On May 10, 2021, Joy Spreader (6988.HK), a MarTech company listed in Hong Kong, released the business update of the first quarter of 2021. According to the announcement, in the first quarter, Joy Spreader achieved revenue of HK$ 248 million, representing an increase of 33.26% over the same period last year, gross profit of HK$77.4 million, representing an increase of 64.16% over the same period last year, and gross profit margin of 31.16%, representing an increase of 5.87 percentages points as compared with the same period last year.In terms of specific business, the revenue of Joy Spreader's interactive entertainment and other digital products marketing business in the first quarter was HK$220 million, representing an increase of 26.31% over the same period last year, while the revenue from e-commerce products marketing business was HK$28.45 million, representing an increase of 143.58% over the same period last year.With the emerging short video e-commerce, video e-commerce business is becoming the largest increment of results of Joy Spreader. In the first quarter, the gross profit of the Joy Spreader's interactive enter...

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CDB Leasing Announces 2020 Annual Results

indie
7 minutes

HONG KONG, Mar 31, 2021 - (ACN Newswire via SEAPRWire.com) - China Development Bank Financial Leasing Co., Ltd. (stock code: 1606.HK; "CDB Leasing" or "the Company", together with its subsidiaries as "the Group") announces its audited consolidated results for the year ended December 31, 2020 (the "Reporting Period").Results HighlightFor the year ended December 31, 2020-- Total assets reached RMB303.3 billion, representing an increase of 16.08% YOY;-- Operating income was RMB19.329 billion, representing an increase of 5.37% YOY;-- Net profit amounted to RMB3.268 billion, representing an increase of 11.24% YOY;-- Total new lease financing to lessees amounted to RMB104.4 billion, representing an increase of 11.96% YOY;-- Return on average equity was 12.50%, representing an increase of 0.72 percentage point as compared with that as of the end of last year;-- Non-performing asset ratio was 0.80%, representing a decrease of 0.09 percentage point as compared with that as of the end of last year.During the Reporting Period, the Company's total assets exceeded RMB300 billion for the first time, and amounted to RMB303.3 billion, representing an increase of 16.08% YOY. Operating income was RM...

SeaPRwire

Oil prices drop 4% as new lockdowns undermine hopes for economic recovery

elean
2 minutes

NEW YORK (REUTERS) - Oil prices fell 4 per cent per barrel on Thursday (March 25), extending a string of market weakness on renewed lockdowns in Europe and Asia to head off a rising coronavirus infection rate. Prices lost much of the gains from the previous session that followed news of a large container ship running aground in the Suez Canal. The ship has still not been freed, but for now the market was shrugging off the blockage, as only a small percentage of the world's crude is shipped through the canal. Brent crude fell US$2.46, or 3.8 per cent, to settle at US$61.95 a barrel. U.S. West Texas Intermediate (WTI) crude fell US$2.62, or 4.3 per cent, to settle at US$58.56 a barrel. Countries in Europe are renewing restrictions to curb Covid-19 cases, which will reduce demand from the region. Germany, the largest European economy, saw its biggest increase in coronavirus cases since January. "Germany, Italy and other areas in the eurozone are going backwards and the demand destruction is basically overwhelming," said Bob Yawger, trader at Mizuho in New York. In parts of western India, authorities ordered people indoors as new coronavirus infections hit their highest level in five m...

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DaFa Properties Announces 2020 Annual Results

indie
7 minutes

HONG KONG, Mar 25, 2021 - (ACN Newswire via SEAPRWire.com) - The board (the "Board") of directors (the "Directors") of DaFa Properties Group Limited ("DaFa Properties" or the "Company", together with its subsidiaries, the "Group"; Stock Code: 6111.HK) is pleased to announce the audited annual consolidated results for the Group for the year ended 31 December 2020 (the "Reporting Year").DaFa Properties 2020 Annual Results Highlights(For the year ended 31 December 2020)-- Contracted sales were approximately RMB30,320 million, representing a significant year-on-year increase of approximately 44.3%;-- The contracted GFA was 2,045,067 sq.m, representing a year-on-year increase of approximately 31.8%;-- Revenue was approximately RMB9,188 million, representing a year-on-year increase of approximately 24.2%;-- Profit for the year was approximately RMB715 million, representing a year-on-year increase of approximately19.1%;-- Total assets were approximately RMB35,070 million, representing a year-on-year increase of approximately 26.6%;-- Net gearing ratio was approximately 61.2%;-- Total cash to short-term debt ratio was approximately 1.4 times;-- Liabilities to assets ratio (excluding receip...

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Zijin Mining Reports Annual Results for the Year Ended 31 December 2020

indie
2 minutes

HONG KONG, Mar 22, 2021 - (ACN Newswire via SEAPRWire.com) - Zijin Mining Group Co., Ltd. (SSE:601899, SEHK:2899) is pleased to announce audited consolidated annual results for the Company and its subsidiaries (the "Group") for the year ended 31 December 2020 (the "Period").Group results for the period are summarized as follows:-- Operating income of RMB 171.501 billion, an increase of 26.01% compared with 2019 (RMB 136.098 billion). -- Profit before tax of RMB 10.846 billion, an increase of 55.51% compared with 2019 (RMB 6.974 billion).-- Net profit attributable to owners of the company of RMB 6.509 billion, an increase of 51.93% compared with 2019 (RMB 4.284 billion).-- Total assets were RMB 182.313 billion as of 31 December 2020, an increase of 47.23% compared with the beginning of the year (RMB 123.831 billion).-- Net assets attributable to owners of the company were RMB 56.539 billion as of 31 December 2020, an increase of 10.46% compared with the beginning of the year (RMB 51.186 billion).The Board of Directors proposes a profit distribution for the period of a final cash dividend of RMB 1.2 per 10 shares (tax included). This proposed profit distribution is subject to approva...

SeaPRwire

5 factors that affect hospital claims

elean
1 minute

The relentless increase in healthcare insurance premiums is a major concern for all policyholders, but sadly there is no "vaccine" that can stop the price rises. This is because insurers are being hit by a double whammy - the big jump in prices of new treatments for serious illnesses such as cancer, and the increase in the number of people falling ill across all age groups, noted the Life Insurance Association (LIA). Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Anacle Achieves Record Profit Before Tax of 491% in 1H FY2020, Turnaround Driven by Increased Investment in Smart Tech by Singapore’s Public Sector

indie
4 minutes

HONG KONG and SINGAPORE, Jan 29, 2021 - (ACN Newswire) - Anacle Systems Limited ("Anacle" or the "Company" and together with its subsidiaries, the "Group"; GEM of SEHK stock code: 8353), which is an IT company offering smart energy, asset and estate management solutions for companies, towns and cities in Asia, reports a record jump in profit before tax of 491% for its first six months ended 30 November 2020 ("1H FY2020"). The turnaround to profit from a loss a year ago was supported by an increase in client base and the growth in investment on smart technology by the public sector in Singapore.The Group reported revenue of S$10.24 million which was a 26.7% increase from last year. This was boosted by the Group's software solution Simplicity, which saw a 54.8% or S$3.07 million in-crease in revenue. The Group derived a majority of its revenue from Simplicity, an enterprise soft-ware that offers specific solutions for municipal councils, commercial and corporate real estate man-agement firms, as well as industrial asset management. As compared to the same quarter last financial year, the Group has increased its customer base and Simplicity's order book was healthier this year. The Si...

JCN Newswire

SDK to increase capacity of aluminum substrate for hard disks

ruth
3 minutes

TOKYO, Jan 14, 2021 - (JCN Newswire) - Showa Denko K.K. (SDK; TOKYO:4004) will increase its capacity to produce aluminum substrate for HD media through consolidated subsidiary Showa Denko HD Yamagata K.K. (SHDY), raising the group's production capacity by 30% and thereby strengthening its hard disk (HD) business.SDK's policy decision to increase supply capacity and diversify and strengthen its supply chain has been qualified by the Ministry of Economy, Trade and Industry (METI) as eligible for subsidy under the government's "Program for Promoting Investment to Strengthen Supply Chains in Japan ".With the launch of 5th generation mobile communication (5G) service, the spread of the Internet of Things (IoT), the penetration of telework, and the development and expansion of digital transformation, the volume of data communication is expected to continue to increase dramatically. As a result, the demand for hard disk drives (HDDs) for data centres has been growing significantly. As most of our supply capacity is concentrated in Malaysia, it is necessary to secure a more stable supply chain against the spread of the new coronavirus worldwide.In order to solve this problem, we have decid...

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Opec+ warns of risk to oil recovery from resurgent Covid-19 pandemic

elean
4 minutes

LONDON (BLOOMBERG) - Opec warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider another increase in production. "The outlook for the first half of 2021 is very mixed," Opec Secretary-General Mohammad Barkindo said at a preparatory meeting on Sunday (Jan 3). "There are still many downside risks to juggle." The alliance of producers led by Saudi Arabia and Russia will decide on Monday whether it can continue to restore crude supplies without capsizing the price recovery they spent most of 2020 working to achieve. Moscow believes that the group - which slashed output last year - can revive another 500,000 barrels a day of idle capacity in February, on top of an increase scheduled for this month. Riyadh, which has favored greater caution, is keeping its own views under wraps. But while the Sunday meeting hasn't addressed future output policy so far in any detail, a Saudi official there noted the fragility of the recovery, according to delegates who declined to be named. "We think the producer group will opt to forgo any further production increases for February with Covid-19 cases continuing to climb and the slower than ex...

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Gas tariff for households to rise slightly for January to March

aseanpr
1 minute

SINGAPORE - The gas tariff for households will increase slightly, by 0.23 per cent, for the next three months compared with the quarter before, City Gas said on Wednesday (Dec 30). From Jan 1 to March 31, the tariff before goods and service tax (GST) will rise by 0.04 cent per kilowatt hour (kWh), from 17.19 cents per kWh to 17.23 cents per kWh, said the piped town gas producer and retailer. City Gas explained that this is due to an increase in fuel costs compared with the previous quarter. It reviews gas tariffs based on guidelines set by the Energy Market Authority (EMA), the gas industry regulator which approves the new tariffs as well. More on this topic Related Story S'pore shifting to cleaner alternatives, but LNG to remain primary energy source for now Related Story Parliament: Increased household electricity and gas consumption from April to July due to Covid-19 measures

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Honda Sets Monthly Records for Automobile Production in Asia and China

ruth
2 minutes

TOKYO, Nov 27, 2020 - (JCN Newswire) - Honda Motor Co., Ltd. today announced a summary of automobile production, Japan domestic sales, and export results for the month of October 2020.World Production- Production in Japan experienced a year-on-year increase for the second consecutive month.- Production in regions outside of Japan experienced a year-on-year increase for the second consecutive month.- Worldwide production experienced a year-on-year increase for the second consecutive month.Sales in the Japanese Market- Total Japanese sales experienced a year-on-year increase for the first time in 13 months.- New vehicle registrations experienced a year-on-year increase for the first time in 13 months.- Sales of mini-vehicles experienced a year-on-year increase for the first time in eight months.- Fit was the industry's seventh best-selling car among new vehicle registrations for the month of October 2020 with sales of 9,000 units. Freed was the industry's eighth best-selling car among new vehicle registrations for the month of October 2020 with sales of 7,849 units.- N-BOX was the industry's top-selling car in the mini-vehicle category for the month of October 2020 with sales of 16,0...

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Grand Ming Group Holdings Limited Announces Interim Results for the Six Months Ended 30 September 2020

indie
6 minutes

HONG KONG, Nov 16, 2020 - (ACN Newswire) - Grand Ming Group Holdings Limited (the "Company" and together with its subsidiaries, the "Group", stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2020 ("FH 2020/21").Highlights- Revenue amounted to approximately HK$786.1 million, up by 114% from the last corresponding period.- Net profit reached approximately $70.2 million, representing an increase of 60%.- Underlying profit increased by 223% to approximately HK$83.4 million, excluding the change in fair value of investment properties.- Declared payment of an interim dividend of 4.0 HK cents per share.- Stays positive towards the booming business of data centre leasing, aiming at developing into two new high-tier data centres in near future.- Seizes opportunities to increase land reserve for property development in Hong Kong and cautiously eyes on the Mainland China market.The Group's consolidated revenue increased 114% from HK$367.5 million for the six months ended 30 September 2019 ("FH 2019/20") to HK$786.1 million for FH 2020/21. The increase was primarily due to a rise in revenue recognition from the construction segment, in which the con...

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Toyota’s Global Sales and Production Up Year-on-Year in September

ruth
3 minutes

Toyota City, Japan, Oct 29, 2020 - (JCN Newswire) - Even in the face of the COVID-19 crisis, which broke out early this year, Toyota has maintained corporate activities by implementing comprehensive measures to prevent infection and working in close cooperation with business partners including suppliers and dealers. In addition to these measures, Toyota has enjoyed the support of customers around the world who use Toyota vehicles, and as a result, in September both global sales and global production recovered and exceeded the previous year's levels.Global Sales- Results in September were driven primarily by sales in the U.S. and China, and global sales were up approximately 2 percent year-on-year.U.S.The market as a whole is trending toward recovery, and sales of the Camry, RAV4, and Lexus brand models were strong, resulting in a 16 percent year-on-year increase.ChinaIn addition to local motor shows and other measures to draw customers to dealers and enhanced measures to secure orders, strong sales of the Corolla, Levin, and other models also had an impact, and as a result, sales were up approximately 25 percent year-on-year, the sixth consecutive month of year-on-year increases.- ...

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Rise in cyber security threats as more people work from home: Cisco survey

aseanpr
3 minutes

SINGAPORE - Businesses in Singapore have seen a significant increase in cyber security challenges as more people work from home amid the Covid-19 pandemic, a survey commissioned by American tech giant Cisco has revealed. Of the nearly 3,200 companies from 21 countries polled in the survey from June 16 to Sept 4, Singapore made the largest shift to remote working in Asia-Pacific. About six in 10 organisations here said they experienced at least a 25 per cent increase in cyber threats since the pandemic started. These threats included connections to malicious sites on the Internet and phishing attacks. However, less than half, or 42 per cent of companies, said that they were "very prepared" to cope with these threats and transition to working remotely. Around half, or 54 per cent of companies, indicated that they were "somewhat prepared", while 3 per cent said they were "not prepared" for the transition. The remaining one per cent said they did not know whether they were prepared for it. The survey, conducted by local public opinion and data company YouGov, gathered data from 3,196 companies across 21 countries, including the United States, China and Germany. It showed that in the As...