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Society Pass Inc (Nasdaq: SOPA) Reports Breakout 9 Month 2022 and 3Q 2022 Financial Results

indie
6 minutes

SINGAPORE, Nov 15, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), SEA's leading data-driven loyalty, fintech and e-commerce ecosystem, today announces a filing of its 3Q 2022 Form 10-Q with the Securities and Exchange Commission. Please see filing here. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001817511/000160706222000677/sopa093022form10q.htmSummary Points:- Nine months 2022 unaudited revenues grew 2,870% year on year (from $100,823 for nine months ended 30 September 2021 to $2,994,416 for nine months ended 30 September 2022).- Third quarter 2022 unaudited revenues grew 2,354% year on year (from $83,534 for third quarter ended 30 Sep 2021 to $2,050,264 for third quarter ended 30 September 2022).- Third quarter 2022 unaudited revenues grew 311% quarter on quarter (from $499,062 for second quarter ended 30 June 2022 to $2,050,264 for third quarter ended 30 September 2022).- With cash on hand of $23 million on 30 September 2022, SoPa is well capitalised for roll out of Society Pass loyalty platform and continuing acquisitions of Southeast Asia ("SEA") companies in loyalty, lifestyle, food & beverage delivery, telecoms, digital...

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Prenetics Announces Second Quarter 2022 Financial Results and Raises Full Year Adjusted EBITDA Outlook

indie
10 minutes

LONDON AND HONG KONG, Sep 9, 2022 - (ACN Newswire via SEAPRWire.com) - Prenetics Global Limited (NASDAQ: PRE) ("Prenetics" or the "Company"), a global leader in genomic and diagnostic testing, today announced its unaudited financial results for the second quarter ended June 30, 2022. -- Revenue of US$51.7 million in the second quarter of 2022-- Loss from operations of US$(17.9) million and adjusted EBITDA(1) of US$6.5 million in the same period-- Raises full year adjusted EBITDA guidance to the range of US$35 million to US$45 million, with corresponding full year revenue guidance in the range of US$255 million to US$275 million -- Strong cash and cash equivalents, short-term financial assets, trade receivables, deposits, prepayments and other receivables of US$215.3 million on balance sheet as of June 30, 2022-- Successfully launched two pipeline products, ColoClear and Circle SnapShot in the period, growing Prenetics beyond COVID-19 testing services-- Prenetics and Animoca Brands, the pioneer in Web3 signed an agreement to form a joint venture to create a decentralized digital health data platform on the Metaverse. Additional details to be announced in the fourth quarter of 2022Da...

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Genetec’s Quarterly Performance Jumps by 126%

indie
3 minutes

BANGI, Malaysia, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad continued its performance momentum into the new financial year, recording a surge in profit after tax (PAT) of RM18.6 million representing a 126.8% jump compared to RM8.2 million registered for the corresponding quarter of the preceding financial year (Q1FY2022). Genetec's recorded a profit before tax (PBT) of RM19.4 million higher by 31.1% compared to RM14.8 million posted in the preceding quarter of 2022 (Q4FY2022), contributed by higher revenue from the e-mobility, electric vehicle (EV) & energy storage (RM60.9 million up 25.8%) and hard disk drive (HDD) segments (RM12.2 million up 20.8%) respectively.PAT was boosted on the back of strong revenue growth momentum for the quarter at RM73.2 million, an increase of 81.6% from RM40.3 million for the corresponding quarter (QoQ) and up 24.7% from RM58.7 million for the preceding quarter (Q4FY2022). Earnings per share stood at 2.68 sen (fully diluted) in Q1FY2023 compared to 1.18 sen QoQ. Gearing ratio dropped from 0.41 to 0.34 times from the pre...

ACN Newswire
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Kingsoft Announces 2022 Interim and Second Quarter Results

indie
6 minutes

HONG KONG, Aug 23, 2022 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited 2022 interim results and its second quarter results for the period ended 30 June 2022.For the first half of 2022, the revenue of Kingsoft increased 21% year-on-year to RMB3,687.2 million. Revenue from office software and services business increased 15% year-on-year to RMB1,795.7 million. Revenue from online games and others increased 28% year-on-year to RMB 1,891.5 million. Revenue from office software and services and online games and others represented 49% and 51%, respectively, of total revenue for the first half of 2022. Gross profit for the first half of 2022 increased 18% year-on-year to RMB2,970.0 million, while operating profit amounted to RMB918.2 million.For the second quarter of 2022, the Company's revenue increased 24% year-on-year to RMB1,834.2 million. Revenue from office software and services business increased 18% year-on-year to RMB924.6 million. Revenue from online games and others business increased 31% year-on-year to RMB909.6 million. ...

ACN Newswire
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Leon Fuat Berhad Posts 29% Increase in Revenue to RM273 Million for Q1 FY2022

indie
3 minutes

SHAH ALAM, Malaysia, May 30, 2022 - (ACN Newswire via SEAPRWire.com) - Leon Fuat Berhad, a manufacturer and trader of steel products, specialising in rolled long and flat steel products today released the Group's financial results for the first quarter ended 31 March 2022 (Q1FY2022) registering a 29.1% increase in revenue to RM273.02 million compared with RM211.48 million recorded in the corresponding quarter of the preceding financial year (Q1FY2021).Calvin Ooi Shang How, Executive Director of Leon FuatFor the quarter under review, profit before tax (PBT) stood at RM31.81 million, a 25.2% decrease from the PBT of RM42.53 million achieved in Q1FY2021 while profit after tax ("PAT") stood at RM23.89 million, a 33.8% decrease from the PAT of RM36.11 million recorded in the same quarter of the preceding financial year.The Group's trading of steel products segment registered a 21.1% increase in revenue to RM90.00 million in Q1FY2022 compared with RM74.29 million recorded in the corresponding quarter of the preceding financial year while the processing of steel products segment registered a 33.4% rise in revenue to RM182.93 million compared with RM137.11 million achieved in Q1FY2021. The...

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Genetec Scales New Heights with Highest Annual Profit to Date

indie
5 minutes

BANGI, Malaysia, May 26, 2022 - (ACN Newswire via SEAPRWire.com) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced its best annual performance to date for the financial year ended 31 March 2022 (FY2022). The Company recorded RM58.1 million profit after tax (PAT) up 1,420.5% from a loss of RM4.4 million in the preceding year. Annual revenue stood at an all-time high at RM223.6 million, up by 130.3% versus RM97.1 million for the period, driven by the electric vehicle (EV) and energy storage segments. Correspondingly, earnings per share (EPS) stood at 7.90 sen for the period, up by 1,395.1% from -0.61 sen.For the fourth quarter year ended 31 March 2022 (Q4FY2022), Genetec's PAT stood at RM14.0 million, an increase of 333.3% compared to the loss of RM6.0 million in the corresponding quarter for FY2021 (Q4FY2021). Quarter on quarter (QoQ) revenue stood at RM58.7 million, up by 348.1% versus RM13.1 million for the corresponding quarter.In comparison with the preceding quarter, Genetec's Q4FY2022 PAT came in lower by 28.6% compared to RM19.6 million posted in the preceding quarter due to the shorter opera...

ACN Newswire
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Kingsoft Announces 2022 First Quarter Results

indie
4 minutes

HONG KONG, May 24, 2022 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2022 ("period under review").During the period under review, the revenue of Kingsoft increased 19% year-over-year and 2% quarter-over-quarter to RMB1,853.0 million. Revenue from the office software and services, and the online games and others represented 47% and 53%, respectively, of total revenue. Gross profit increased 14% year-over-year and 4% quarter-over-quarter to RMB1,502.3 million. Operating profit before share-based compensation costs increased 5% year-over-year and 42% quarter-over-quarter to RMB573.7 million.Mr. Jun LEI, Chairman of Kingsoft, commented, "Amidst the evolving market and new challenges, we have successfully seized the opportunity for digital transformation and achieved a decent start in our core businesses. During the quarter, Kingsoft Office Group continued to pursue the strategy of 'multi-screen, cloud, content, artificial intelligence ("AI") and collaboration', upgrade its c...

ACN Newswire
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Showa Denko Announces 2022 First Quarter Financial Results

indie
2 minutes

TOKYO, May 11, 2022 - (ACN Newswire via SEAPRWire.com) - Showa Denko K.K. (SDK; TSE:4004) today announced its 2022 first quarter financial results.- 2022 First Quarter Consolidated Financial Statements and summaryhttps://www.sdk.co.jp/assets/files/english/ir/library/fss2022-1q.pdfThe Company also issued the following supporting release:- 2022 First Quarter Financial Results: Presentation Materialhttps://www.sdk.co.jp/assets/files/english/ir/library/pdf_presentation/results2022-1q.pdfAbout Showa Denko K.K.Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare...

SeaPRwire
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Hektar REIT 2021 Performance: Weathering the Challenges

pandora
4 minutes

– Achieved Revenue of RM96.6 million & Net Property Income of RM47 million– DPU of 2.53 sen, up 181%– Signs of recovery weighed by Omicron surge– Stepping up on sustainability measures & 3-star ESG rating by FTSE Russell KUALA LUMPUR, Feb 25, 2022 – (ACN Newswire) – Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (“Hektar REIT”), today announced Hektar REIT’s annual results for the financial year ended 31 December 2021 (“FY2021”) with revenue at RM96.60 million in FY2021, down by 13.1% compared to the same period in the preceding year. Property Operating Expenses reduced by RM8.59 million or savings of 14.8% compared to the previous year. Net Property Income (NPI) was reported at RM47.02 million, a decline of 11.2% compared with 2020. FY21 was a challenging year for the retail sector due to the COVID-19 pandemic and implementation of various Movement Control Orders, National Recovery Plan, mobility restrictions & closure of non-essential businesses for an extended period. Despite these challenges to the malls, the REIT managed to attract new & secured existing tenants covering 39.2% of Hektar REIT’s Net Lettable Area (“NLA”) in ...

ACN Newswire
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Genetec Delivers Its Best Quarter to Date

indie
4 minutes

BANGI, Malaysia, Jan 26, 2022 - (ACN Newswire via SEAPRWire.com) - Technology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022). The Company recorded a 2,350% growth on their quarter on quarter (QoQ) profit after tax (PAT) performance, with an increase of RM18.8 million for the said quarter to RM19.6 million, compared to RM0.80 million registered for the corresponding quarter (Q3FY2021) due to higher revenues and managed costs.For the same quarter, Genetec's profit before tax (PBT) stood at RM21.0 million which is higher by 19.3% than the RM17.6 million posted in their second quarter (Q2FY2022), due to higher sales whilst costs remained stable. Revenue for the quarter stood at RM65.3 million, an increase of 98.5% QoQ, and a 10.1% increase over the preceding quarter Q2FY2022, bringing the annual total to RM164.9 million for the 9 months ending 31 December 2022 (9MFY2022). Earnings per share stood at 34.53 sen (fully diluted) in Q3FY2022 compared to EPS of 2.06 sen in Q3FY2021.For the nine months of the financial year e...

ACN Newswire
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Kingsoft Announces 2021 Third Quarter Results

indie
5 minutes

HONG KONG, Nov 16, 2021 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 30 September 2021 ("period under review"). During the period under review, the revenue of Kingsoft increased 8% year-on-year to RMB1,510.2 million. Revenue from online games and others, and office software and services represented 47% and 53% of the Group's total revenue for the third quarter of 2021, respectively. Revenue from the office software and services business for the third quarter of 2021 increased 37% year-on-year to RMB803.7 million. Gross profit for the third quarter of 2021 increased 7% year-on-year to RMB1,241.0 million. Mr. Jun LEI, Chairman of Kingsoft, commented, "Our overall business grew steadily during the quarter. Kingsoft Office Group focused on addressing user needs to enhance its products and services, and continued to pursue its strategy of 'multi-screen, cloud, content, artificial intelligence ("AI") and collaboration'. Meanwhile, our online game business adhered its 'premium' games st...

SeaPRwire

Can China pull itself out of the economic doldrums?

elean
8 minutes

BEIJING (CAIXIN GLOBAL) - China's gross domestic product (GDP) growth is expected to slow even further in the fourth quarter, as outbreaks of Covid-19 across the country, power shortages, surging raw material prices and property jitters continue to weigh on activity, adding pressure on policymakers to do more to support the economy. Analysts say the government will need to ease fiscal and monetary policies to prop up demand while ensuring that the measures don't derail its efforts to curb carbon emissions and resolve long-standing problems, such as the overheated housing market and high corporate debt. As the world's second-largest economy ploughs through the final quarter of the year, here are five key things to watch for. Can the slowdown in GDP growth be reversed? The short answer is no, at least in the near term. Analysts expect economic expansion to continue to moderate in the fourth quarter from the 4.9 per cent year-on-year pace seen in the July-September period, which was the weakest in a year. Even so, China will still be able to achieve its full-year GDP growth target of above 6 per cent. This is because expansion in the first half was much stronger - 18.3 per cent year o...

SeaPRwire

Grab posts $1.34 billion net loss for Q3, as Covid-19 curbs hit ride-hailing in region

elean
3 minutes

BENGALURU (REUTERS) - South-east Asia's largest ride-hailing and food delivery firm Grab Holdings on Thursday (Nov 11) reported a net loss of US$988 million (S$1.34 billion) for the July-September quarter, 59 per cent more than the year-ago loss of US$621 million. Total revenue for the third quarter fell 9 per cent to US$157 million, from US$172 million a year earlier, as its ride-hailing business was hit by Covid-19 curbs in some countries in the region. Fresh outbreaks in South-east Asia hit Grab's mobility unit that fell behind its deliveries business, its largest by billings. Its mobility business brought in US$88 million in revenue, down 26 per cent from a year earlier, while sales at its deliveries unit rose 58 per cent. "Mobility and food delivery services were suspended in Vietnam for most of Q3, and six of our core countries in which we operate experienced tighter movement controls," said chief financial officer Peter Oey. CEO Anthony Tan told an investor webcast that the company expects major recovery for the ride-hailing business in the fourth quarter, especially in Indonesia, Malaysia and Vietnam, as vaccination rates increase in the region, the Nikkei Asia reported. Gr...

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DENSO Announces Second Quarter Financial Results

ruth
4 minutes

KARIYA, JAPAN, Oct 29, 2021 - (JCN Newswire via SEAPRWire.com) - DENSO, a leading mobility supplier, today announced its global financial results for its second quarter, ending September 30, 2021, for its 2022 fiscal year, ending March 31, 2022:- Consolidated revenue totaled 2,582.9 billion yen (US$23.1 billion), a 24.5 percent increase from the previous year.- Consolidated operating profit totaled159.3 billion yen (US$1,423.5 million).- Consolidated profit attributable to owners of the parent company totaled 112.7 billion yen (US$1,007.2 million)."Both revenue and operating profit increased due to recovery of vehicle sales from COVID-19 and because of profit improvements from the previous year, although the semiconductor shortage has occurred recently," said Yukihiro Shinohara, senior executive officer and representative member of the Board of Directors of DENSO Corporation."While it is difficult to project how the business environment might change due to factors like the lengthening of the semiconductor shortage, DENSO secured our full-year forecast from the previous announcement. Revenue is 5,540.0 billion yen (US$49.5 million) and Operating profit is 440.0 billion yen (US$3,931...

SeaPRwire

Amazon’s holiday-quarter forecast disappoints as labour, supply issues mount

elean
4 minutes

PALO ALTO, CALIFORNIA (REUTERS) - Amazon.com on Thursday (Oct 28) reported a slump in profit that it expects will continue through the holiday quarter, as higher wages and spending to attract workers diminish the company's windfall from online shopping. Shares fell 4 per cent in after-hours trade. After a year of blockbuster results, the world's largest online retailer is facing a tougher outlook. In a tight labour market, it has boosted average US warehouse pay to US$18 (S$24) an hour and marketed bigger signing bonuses to attract the blue-collar staff it needs to keep its high-turnover operation humming. The company is also contending with global supply chain disruptions. It has doubled its container processing ability, expanded its delivery service partner program and has ramped up its warehouse investments - all at a noteworthy cost. Amazon said it expects operating profit for the current quarter to be between US$0 and US$3.0 billion, short of US$6.9 billion posted the year prior. In the third quarter, net income fell by about 50 per cent to US$3.16 billion, a first since the start of the pandemic in the United States. Chief executive Andy Jassy, who took the helm in July, said...

SeaPRwire

Chip shortage dents earnings at GM and Ford

elean
4 minutes

NEW YORK (NYTIMES) - Two big Detroit automakers said on Wednesday (Oct 27) that the worldwide shortage of computer chips had weighed on their third-quarter earnings, but there were signs that the worst of the disruption was behind them. Of the two, Ford Motor fared better. Its revenue fell about 5 per cent from a year earlier, to US$35.7 billion (S$48.1 billion), while General Motors' revenue declined 25 per cent, to US$26.8 billion. "The quarter was challenging due to continuing semiconductor pressures," GM's CEO, Mary T. Barra, said in a letter to shareholders. A statement from Ford emphasized a brightening outlook. "Semiconductor availability remains a challenge, but markedly improved from the second quarter," it said. Ford investors were also upbeat. The company's shares rose 8 per cent after Ford's announcement, which came after the closing bell. General Motors gave its report before the market opened, and its shares ended the day down 5 per cent. Modern automobiles require dozens of computer chips - largely made in Asia - for a wide range of electronic components such as engine controllers and infotainment systems. With chips scarce because of pandemic-related manufacturing a...

SeaPRwire

Microsoft sees cloud business growth, but supply woes continue for Xbox

elean
4 minutes

BENGALURU (REUTERS) - Microsoft on Tuesday (Oct 26) forecast a strong end to the calendar year thanks to its booming cloud business but said supply chain woes will continue to dog key units such as those producing its Surface laptops and Xbox gaming consoles. The company beat Wall Street expectations for its first quarter ended Sept 30, with pandemic-induced demand for the software giant's cloud-based services driving sales. Contracts for cloud services provided by Microsoft, Amazon.com's AWS and Alphabet-owned Google Cloud have surged since last year when the Covid-19 pandemic shut offices and schools, pushing more activity online. First-quarter revenue growth for Azure, the company's flagship cloud computing business, came in at 48 per cent in constant currency to beat analysts' estimates of 47.5 per cent, according to consensus data from Visible Alpha. Microsoft's executive vice-president and chief financial officer Amy Hood said that the company also expected "broad-based growth" for the unit in the fiscal second quarter. Azure's growth rate is the best direct measure of competition with rivals such as AWS and Google Cloud as Microsoft does not break out revenue from the cloud ...

SeaPRwire

South Korea economic growth slows on supply snags, Covid-19 curbs

elean
2 minutes

SEOUL (BLOOMBERG) - South Korea’s economic expansion cooled last quarter as global supply chain snags dragged down investment and a renewed virus outbreak weighed on household spending. Gross domestic product gained 0.3 per cent in the July-September period, decelerating from 0.8 per cent in the second quarter and just half the 0.6 per cent predicted by economists, data from the Bank of Korea (BOK) showed on Tuesday (Oct 26). The economy expanded 4 per cent from a year earlier. The result complicates the BOK’s plans for another interest-rate increase this year, after it began a tightening cycle in August. The central bank may choose to look through the slowdown after saying earlier this week that it expects rising vaccinations and lighter restrictions to give the economy renewed impetus. Governor Lee Ju-yeol has said the BOK will consider another hike in November in the event the recovery proceeds as expected, having projected a 4 per cent expansion for 2021. Growth had been expected to ease in the third quarter as daily infections surged above 1,000 from July and authorities imposed a semi-lockdown in Seoul and other major cities. In an online seminar on Monday, the BOK said it ex...

SeaPRwire

S’pore’s economic growth moderates to 6.5% year-on-year in Q3: Flash data

elean
4 minutes

SINGAPORE - Singapore's economy expanded at a slower annual pace in the third quarter compared to the previous three-month period when growth was boosted by a low-base effect. Gross domestic product (GDP) rose 6.5 per cent on a year-on-year basis in the July-September period, moderating from 15.2 per cent growth in the previous quarter, said the Ministry of Trade and Industry (MTI) on Thursday (Oct 14). However, on a quarter-on-quarter seasonally-adjusted basis, the economy expanded by 0.8 per cent in the third quarter of 2021, a reversal from the 1.4 per cent contraction in the preceding quarter. MTI said that the strong annual growth recorded in the second quarter of 2021 was largely due to the low base in the corresponding quarter of 2020 when GDP fell by 13.3 per cent due to the Circuit Breaker (CB) measures implemented from April 7 to June 1 2020, as well as the sharp fall in external demand amidst the Covid-19 pandemic. A higher than expected year-on-year growth in the April-June period, plans for a gradual reopening of borders and easing of Covid-19 curbs have raised hopes of a faster economic recovery for Singapore this year. But analysts have also warned that the path to t...