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Business Standard
8 hours ago
- Business
- Business Standard
Kalpataru Projects Q1 results: Net profit surges 154% to ₹214 crore
Kalpataru Projects International on Thursday posted nearly a three-fold jump in its consolidated net profit to ₹213.59 crore in the June 2025 quarter, mainly due to higher revenues. The company had reported a consolidated net profit of ₹83.95 crore in the quarter ended June 2024, a BSE filing said. Its total income rose to ₹6,187.52 crore in the quarter from ₹4,608.5 crore a year ago. The board also accorded its consent to increase the period validity of the approval granted by it to provide counter bank guarantee or standby letter of credit or corporate guarantee to lenders of Kalpataru IBN Omairah Company Ltd, 65 per cent subsidiary of the company up to June 30, 2026, for an amount not exceeding USD 65 million, and delegated authority to the Executive Committee of the Board of Directors, for the same.
Leaders
10 hours ago
- Business
- Leaders
Economic Family Association Unveils 2025–2030 Strategic Plan
The Economic Family Association has officially launched its 2025–2030 strategy during a ceremony in Riyadh, attended by key figures from both the social and economic sectors. The new strategy is built on five foundational pillars: alignment with Saudi Vision 2030, commitment to societal values, addressing current challenges, leveraging available opportunities, and strengthening the nonprofit brand while reinforcing trust in the association's capacity for growth and expansion. Nasser bin Faleh Al-Gharbi, Chairman of the Board of Directors, emphasized that the strategy reflects the association's ambition to lead a transformative shift that boosts the resilience and sustainability of economic families. A central goal is to raise the nonprofit sector's contribution to Saudi Arabia's non-oil GDP to 5%. Al-Gharbi also highlighted that the strategy will empower economic families and drive change through five key focus areas: raising awareness, fostering empowerment, inspiring motivation, building trust, and enhancing innovation and competitiveness. Related Topics: ZATCA Announces 19th Wave of E-Invoicing Integration Hajj 2025: SDAIA Boosts Makkah Route Initiative with Technical Services Ivorian Hajj Pilgrims Applaud Makkah Route Initiative Makkah Route Initiative: Saudi Arabia Streamlines Luggage Handling for Pilgrims – Video Short link : Post Views: 7 Related Stories
Zawya
17 hours ago
- Business
- Zawya
Agthia delivers resilient underlying Q2 results
Abu Dhabi, UAE: Agthia Group PJSC (AGTHIA:UH; or the 'Group') today announced its financial results for the second quarter and first half of 2025, underscoring continued progress on strengthening its core, streamlining operations, and building the foundation for sustainable value creation. Reflecting Agthia's disciplined approach to capital allocation and focus on sustainable value creation, the Board of Directors has recommended an interim cash dividend of 10.31 fils per share for H1 2025, subject to shareholder approval at the next general assembly meeting. This decision highlights the Board of Directors' confidence in the underlying business performance. Agthia reported Q2 2025 revenue of AED 1.14 billion, up 5.9% year-on-year. First-half Group revenue reached AED 2.42 billion, with Underlying EBITDA at AED 280.1 million and Underlying Net Profit at AED 96.3 million. Profitability was impacted by the ongoing repositioning of the dates business, softness in the Protein & Frozen segment, and higher input costs for cocoa and coffee. Agthia continued to demonstrate solid performance in Q2 2025. The Water & Food segment recorded its thirteenth consecutive quarter of revenue growth, with H1 revenues up 15.3% year-on-year, driven by strong consumer demand, robust brand equity, and the integration of Riviere Mineral Water Desalination & Filling Factory LLC ('Riviere'). Agri-Business delivered its eighth consecutive quarter of EBITDA growth, with margins expanding to 17.6% during Q2 2025, supported by strong feed and flour volumes and disciplined execution. The Snacking segment maintained topline momentum, growing 5.0% year-on-year in Q2, led by Abu Auf's strong performance in Egypt. The Protein & Frozen segment posted softer revenues, impacted mainly by a slower performance in Egypt. Profitability was affected by input cost pressures and the ongoing scale-up of the new Saudi facility. Agthia continued to advance its innovation, digital, and ESG priorities as part of its long-term value creation strategy. Innovation contributed AED 83.3 million to Group growth in H1 2025, supported by notable launches across segments. On the digital front, platform enhancements improved customer experience and drove stronger e-commerce performance. As part of its ongoing commitment to ESG, Agthia was named Sustainable Brand Owner of the Year 2025 in recognition of its leadership in recyclable packaging and continued community engagement through initiatives like the 'Million Pieces of Bread' campaign. Salmeen Alameri, Managing Director and Chief Executive Officer of Agthia Group, commented: 'Our first-half results reflect the continued strength of the Water & Food and Agri-Business, extending their multi-quarter growth trajectories – which are clear indicators of our operational resilience and execution strength. While we have been experiencing pressures in select segments, we are taking targeted initiatives to enhance Agthia's competitive foundation, reinforcing a more agile, disciplined, and future-ready organization that is well-positioned to deliver sustainable value to stakeholders.' The Group remains committed to its strategy, supported by a resilient and diversified portfolio, operational discipline, and a clear commitment to sustainable value creation. The financial results are available at and on the Abu Dhabi Securities Exchange (
Yahoo
a day ago
- Business
- Yahoo
Millicom (Tigo) declares $2.50 per share interim dividend to be paid in two equal installments on October 15, 2025 and April 15, 2026
Luxembourg, August 6, 2025 – In line with the press release published on June 13, 2025, the Board of Directors of Millicom International Cellular S.A. ('Millicom') approved the interim dividend of $2.50 per share, to be paid in two equal installments of $1.25 per share on October 15, 2025 and April 15, 2026. Other important dates and information relating to the Interim Dividend are as follows: First Installment Interim Dividend Payment First Installment Interim Dividend Record Date: October 8, 2025. The first installment of the Interim Dividend Payment of $1.25 per share will be paid to shareholders who are registered in the U.S. with Broadridge (including DTCC) on October 8, 2025, at 23.59 CET. Ex-Dividend Date: October 8, 2025. The last trading day on which shares acquired will be eligible to receive the First Installment Interim Dividend Payment will be October 7, 2025. Currency: The dividends will be paid in U.S. dollars. First Installment Interim Dividend Payment: On October 15, 2025. Second Installment Interim Dividend Payment Second Installment Interim Dividend Record Date: April 8, 2026. The Second Installment Interim Dividend Payment of $1.25 per share will be paid to shareholders who are registered in the US with Broadridge (including DTCC), on April 8, 2026, at 23.59 CET. Ex-Dividend Date: April 8, 2026. The last trading day on which shares acquired will be eligible to receive the Second Installment Interim Dividend Payment will be April 7, 2026. Currency: The dividends will be paid in U.S. dollars. The Second Installment Interim Dividend Payment Date: On April 15, 2026. In accordance with Luxembourg income tax law, the payment of the Interim Dividend will be subject to a 15% withholding tax. Millicom will withhold the 15% withholding tax and pay this amount to the Luxembourg tax administration. The Interim Dividend will be paid net of withholding tax. However, under certain conditions a reduced withholding tax rate may apply. Millicom shareholders should consult their tax advisors regarding potential tax implications. -END- For further information, please contact Press: Sofía Corral, Director Corporate Communicationspress@ Investors: Investor Relations investors@ About Millicom Millicom (NASDAQ: TIGO) is a leading provider of fixed and mobile telecommunications services in Latin America. Through its TIGO® and Tigo Business® brands, the company provides a wide range of digital services and products, including TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. As of March 31, 2025, Millicom, including its Honduras Joint Venture, employed approximately 14,000 people and provided mobile and fiber-cable services through its digital highways to more than 46 million customers, with a fiber-cable footprint over 14 million homes passed. Founded in 1990, Millicom International Cellular S.A. is headquartered in Luxembourg with principal executive offices in Doral, Florida.
Business Wire
a day ago
- Business
- Business Wire
EnerSys Announces $1 Billion Increase to Stock Repurchase Authorization and 9% Dividend Increase
READING, Pa.--(BUSINESS WIRE)-- EnerSys (NYSE: ENS), a global leader in stored energy solutions announced today that its Board of Directors has approved a $1 billion increase to its stock repurchase authorization, to be executed over the next five years. This authorization brings the Company's total outstanding repurchase authorization to an aggregate of $1.06 billion, including $58 million available under the Board's previous repurchase authorizations. Additionally, the Company announced that its Board of Directors has raised its quarterly cash dividend for the third consecutive year, with an increase of 9% to $0.2625 per share of common stock. The dividend is payable on September 26, 2025, to holders of record as of September 12, 2025. 'These announcements highlight EnerSys' proactive and disciplined approach to capital allocation and our confidence in our long-term strategy,' said Shawn O'Connell, EnerSys President and Chief Executive Officer. 'Our earnings growth, strong cash flow, and solid balance sheet enable us to continue investing in long-term growth while returning more capital to shareholders. The increased stock repurchase authorization reflects our belief in the value of the Company and our growth trajectory. At the same time, we are committed to maintaining a competitive dividend that grows with our earnings, excluding the effects of 45X benefits. During this period of macro uncertainty, we intend to keep our leverage below the low end of our target range, retaining a prudent level of dry powder for future capital allocation optionality.' The authorized repurchases shall be made from time to time in either the open market or through privately negotiated transactions. The timing, volume and nature of share repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time. No assurance can be given that any particular amount of common stock will be repurchased. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when EnerSys might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. This repurchase program shall be in effect for a period of five years from its adoption unless otherwise modified or terminated by the Board. About EnerSys EnerSys is a global leader in stored energy solutions for industrial applications and designs, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. The company goes to market through four lines of business: Energy Systems, Motive Power, Specialty and New Ventures. Energy Systems, which combine power conversion, power distribution, energy storage, and enclosures, are used in the telecommunication, broadband, and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, portable power solutions for soldiers in the field, large over-the-road trucks, premium automotive, medical and security systems applications. New Ventures provides energy storage and management systems for various applications including demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. To learn more about EnerSys please visit Caution Concerning Forward-Looking Statements This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys' earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as 'believe,' 'plan,' 'seek,' 'expect,' 'intend,' 'estimate,' 'anticipate,' 'will,' and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, continuing to pay cash dividends at the current rate, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys' control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release. Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys' results, including earnings estimates, see EnerSys' filings with the Securities and Exchange Commission, including 'Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,' and 'Forward-Looking Statements,' set forth in EnerSys' Annual Report on Form 10-K for the fiscal year ended March 31, 2025. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.
