Latest news with #9.5
African Manager
20-05-2025
- Business
- African Manager
Tunisia: TELNET Group returns to profitability in 2024, with almost 10 million dinars profit
TELNET Holding Group has released its consolidated financial statements as of December 31, 2024, which will be submitted for approval at the Ordinary General Assembly meeting concerning the 2024 fiscal year. The statements reveal a net profit attributable to the Group of 9.5 million dinars, compared to a net loss of 3.9 million dinars in 2023. This improvement is primarily due to the reversal of a 10-million-dinar risk and contingency provision, which had been established at the end of 2023 following a customs audit. By the end of 2024, TELNET Group generated revenues of approximately 68.9 million dinars, up from 61 million dinars the previous year—marking a 13% increase. Of this total, 66 million dinars came from exports. Operating expenses decreased by 9%, dropping from 64.3 million dinars to 58.6 million dinars, including 45.3 million dinars in personnel costs. This reduction was driven by lower provisions allocated during the year. As a result, the operating result showed a surplus of 10.7 million dinars in 2024, compared to an operating deficit of 2.5 million dinars in 2023. At the individual company level, TELNET Holding's financial statements revealed a net profit of 6.3 million dinars, a significant improvement from the net loss of 3.5 million dinars recorded as of December 31, 2023.
Belfast Telegraph
14-05-2025
- Health
- Belfast Telegraph
Health Minister says latest funding package ‘absolute limit' after almost all NI GPs turn down government offer
The British Medical Association (BMA), a trade union for medics, revealed that 99.6% of those 1,381 GPs who responded to their ballot voted to reject the 25/26 General Medical Services contract offer from the department. BMA representatives say they cannot move forward without a firm commitment from the department for additional core funding for general practice. GPs across Northern Ireland will now be asked to vote in a referendum on whether they would accept or reject the proposals from the department as they currently stand. BMA NI GP committee chair Dr Frances O'Hagan said: 'We are deeply disappointed that we have got to this point, however it became clear in the negotiation meetings that the Department was not listening to our asks for more core funding, a full indemnity solution for all GPs and urgent funding to address the increase in National Insurance costs. 'Our asks are simple and will help stabilise general practice. Without more funding we will see more contract hand backs as some practices will no longer be financially viable.' In the negotiations, BMA was asking for the Department of Health to agree a 1% uplift in the core GP contract, full indemnity for all GPs and full cost recovery for the increase in NIC contributions. Mr Nesbitt said he met with BMA GP representatives on the 2025/26 contract and 'underlined the budgetary realities that I currently face this year'. He added: 'In short, there is a projected half billion pound-plus shortfall between available monies and financial requirements across health and social care services. 'Despite these challenges, a package of £9.5 million additional funding is on offer to GPs. 'While I am determined to invest in and expand primary care going forward, this package is at the absolute limit of what is achievable this year. The package remains on the table.' Alliance Health spokesperson Nuala McAllister has also urged the health minister to ensure that 'sustainable funding for GP practices is prioritised', saying that Northern Ireland cannot have services that are fit for purpose without adequate provision. The North Belfast MLA added: 'To say the result of the BMA's ballot was overwhelming does not even appear to adequately describe the scale of rejection. That 99.6% of votes received were in opposition to the Department of Health (DoH)'s proposals, GPs could not make their opposition more evident. 'We recently met with members of the GP Committee and it was clearly expressed that, instead of improving the financial stability of general practices, the proposed contract terms would result in an overall net loss of funding. 'At a time when we are seeing an increasing number of practices handing contracts back due to lack of financial viability, DoH need to be working collaboratively with GPs to understand what is needed to secure their future. 'Given that 89% of respondents also indicated their willingness to take further collective action if required, it is crucial that the Minister prioritises reopening discussions urgently, as I understand Dr Frances O'Hagan, Chair of the BMA GP Committee in Northern Ireland, has already written to him requesting a meeting. 'Inability to access care from GPs is one of the most common complaints we receive as elected representatives. This will not change unless the Health Minister ensures general practice is sustainably funded. Without a fit for purpose contract, we won't have fit for purpose services.' Dr O'Hagan also said that 'the department has focused on access issues for patients in the negotiations'. She added: 'We asked the Department for a final offer to put to GPs, as we have made a commitment that GPs across Northern Ireland will be able to vote on this year's offer, but the Department have not replied to our most recent letter. "Therefore, we have no other option but to ask GPs whether the proposals as they currently stand are enough. We are keen to hear the views of the profession to give us a mandate and advise us on the steps to move our negotiation forward. 'Without more funding there is a real risk that more practices will decide they have had enough and will close their doors for good. Others will have to take a hard look at their costs, including staffing costs and will have to decide if they can survive with fewer staff. 'Morale among GPs is at an all-time low. We already see 200,000 patients per week, 1 in 10 of the population, but we are being asked to see even more with less funding. It really has put the profession at breaking point. 'It's time now for GPs to tell us their views and we are encouraging all GPs to take part in our referendum, have their say and give us insight into what we do next.' The referendum will be open from 1st to 11th May 2025.
Mint
09-05-2025
- Business
- Mint
Pakistan stock market: KSE 100 index rebounds after 4-day beating on India-Pakistan tensions
Karachi stock exchange today: The Pakistan stock market rebounded from lows on Friday, May 9, after four days of bear hammering as the escalation in India-Pakistan spooked investors across the border. At the time of writing this report, the Karachi Stock Exchange 100 or KSE-100 index was up 0.83% or 857 points at 103,531, according to data available on Bloomberg. In early trade, it rose as much as 2%. On Thursday, the benchmark index lost over 6% of its value in intraday deals, sparking a temporary trading halt. In the last four trading sessions, the KSE 100 index lost 9.5% of its value. The conflict between India and Pakistan has heightened after Indian military forces responded to a terror attack on its civilians in Pahalgam, Kashmir, which resulted in the death of 26 people. As part of its response, India conducted military strikes against nine targets in Pakistan and Pakistan-occupied Kashmir early Wednesday that were 'precise and restrained' and designed to be 'non-escalatory in nature.' India on Thursday night swiftly thwarted Pakistan's fresh attempts to strike military sites with drones and missiles, including in Jammu and Pathankot, after foiling similar bids at 15 places in northern and western regions of the country, as tensions soared between the two countries amid fears of a wider conflict, according to a PTI report.
NZ Herald
09-05-2025
- Automotive
- NZ Herald
A first look at the North Island's long-awaited new highway
The road will open in June, on a date not yet set. Tour guide and NZ Transport Agency project spokesman Grant Kauri said the views on the road were amazing, including the peak through the gorge when starting out. 'You can see the old Manawatū Gorge road, with Ruahine and Tararua maunga and the Manawatū River in the background. It's absolutely stunning.' Clearly visible is the slip that closed the road through the gorge for a year in 2011-12, five years before more slips closed it for good. In 2021 construction began on the new $825 million highway. It's expected the 11.5km route will take less than 15 minutes to drive, a big improvement on the windy and slow alternative routes in use for the past eight years. 'We're going up a 9.5% grade over a stretch of about 3km. In terms of context and what the fuel will be like it's similar to Transmission Gully,' Kauri said as we climbed towards the road's summit. It's actually slightly steeper than that highway, north of Wellington. As we head towards Woodville, through the wind turbines, the road here looks pretty well ready to use. 'Along the main alignment itself [we're] finishing off the final surface of the asphalt, followed by the line marking and the median barrier installation,' Kauri said. 'We still have a number of works open off the main alignment itself.' Some of that is on the new walking and cycling track that snakes along near the road. At the summit, as the road carves through the hills, Kauri said ground conditions were challenging because of how wet it was. So, the road builders got rid of the unstable material, replaced it with something better and compacted it. There are about 300 workers still onsite and some would remain after the road opened, completing tasks such as drainage and planting. As the road drops towards Woodville, at the Tararua end, the slope isn't quite as steep. Unlike the old gorge road, on the unstable northern Tararua Range, ground conditions here mean slips are unlikely. Kauri said working on the project was a career highlight – something he never envisaged when he began in the industry and used to work on the old road. 'In my former life I was responsible for clearing some of the slips in the Manawatū Gorge. I remember some of the late callouts in the middle of the night – raining, windy.' Covid, Cyclone Gabrielle and challenging ground conditions were the toughest parts of this road build, he said.
Yahoo
08-05-2025
- Business
- Yahoo
Vox Royalty (VOXR): Stands To Benefit From The Run Up In Gold Price
Ace River Capital, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -14.37% in the first quarter, compared to -4.3% and -9.5% returns for the S&P 500 (SPX) and the Russell 2000 (RTY), respectively. The firm's goal is to maintain a focused portfolio of small and micro-cap companies with distinct advantages and growth potential within their respective sectors. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Ace River Capital highlighted stocks such as Vox Royalty Corp. (NASDAQ:VOXR). Vox Royalty Corp. (NASDAQ:VOXR) is a mining royalty company. The one-month return of Vox Royalty Corp. (NASDAQ:VOXR) was 9.18%, and its shares gained 60.50% of their value over the last 52 weeks. On May 7, 2025, Vox Royalty Corp. (NASDAQ:VOXR) stock closed at $3.21 per share with a market capitalization of $163.19 million. Ace River Capital stated the following regarding Vox Royalty Corp. (NASDAQ:VOXR) in its Q1 2025 investor letter: "Vox Royalty Corp. (NASDAQ:VOXR) stands to bene t from the run up in gold price. The economic uncertainty brought on by the US tari s and resulting trade battles has contributed to a large increase in the price of gold, up just under 40% on the year. With gold and silver dominating the producing assets for Vox, this position has served as a hedge against the market. It has performed well during the recent decline. It will continue to be in the top one or two positions for the fund." A closeup image of a miner holding a pile of gold nuggets, a representation of the company's royalty. Vox Royalty Corp. (NASDAQ:VOXR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held Vox Royalty Corp. (NASDAQ:VOXR) at the end of the fourth quarter, compared to 5 in the third quarter. While we acknowledge the potential of Vox Royalty Corp. (NASDAQ:VOXR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
