Latest news with #CRT
San Francisco Chronicle
2 hours ago
- Business
- San Francisco Chronicle
Cross Timbers: Q2 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Cross Timbers Royalty Trust (CRT) on Wednesday reported profit of $893,000 in its second quarter. On a per-share basis, the Dallas-based company said it had profit of 15 cents. The express trust posted revenue of $1.3 million in the period. _____
Yahoo
2 hours ago
- Business
- Yahoo
Cross Timbers: Q2 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Cross Timbers Royalty Trust (CRT) on Wednesday reported profit of $893,000 in its second quarter. On a per-share basis, the Dallas-based company said it had profit of 15 cents. The express trust posted revenue of $1.3 million in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CRT at
The Star
06-08-2025
- Business
- The Star
Lotte Chemical losses within expectations
Maybank IB Research expects the company to begin registering depreciation of about RM700mil annually in financial year 2026. PETALING JAYA: Lotte Chemical Titan Holding Bhd is expected to be loss-making in the foreseeable future, as polymer-naphtha spreads remain subdued. The chemical group posted a core net loss of RM160.5mil for the second quarter ended June 30, 2025 (2Q25), taking its cumulative core losses to RM300mil for the first half of the year (1H25). Revenue for 2Q25 dropped 19.2% year-on-year (y-o-y) to RM1.44bil, mainly due to lower average selling prices (ASPs) of its products. The losses suffered were within expectations of analysts and dark clouds remain on the horizon. 'Based on our internal sensitivity analysis, Lotte Chemical's net profit breakeven high-density polyethylene-naphtha spreads need to be at least US$500 per tonne (currently: US$355 per tonne). 'In our view, it still faces a double whammy, as we do not foresee polymer prices to improve anytime soon as ASPs are expected to remain under pressure with a persistent supply glut and margin squeeze from elevated naphtha prices,' said Maybank Investment Bank Research (Maybank IB) in a report on the company. The research house also expected the company to begin registering depreciation of about RM700mil annually in financial year 2026 (FY26) while still experiencing losses as subdued selling prices are unlikely to cover production costs. 'We expect Lotte Chemical's net losses to widen in FY26 by 18% y-o-y,' the research house added. It expected Lotte Chemical to post a core net loss of RM604mil in FY25 and net core loss of RM712mil in FY26. CGS International (CGSI) Research noted Lotte Chemical's overall plant utilisation in 1Q25 and 2Q25 was unchanged at 46%, with Naphtha Cracker No. 1 at Pasir Gudang, Johor, shut down since Dec 15 last year leaving only the group's Naphtha Cracker No. 2 operating. Its new ethylene (Line) project in Indonesia was physically completed by mid-2025 and is currently undergoing commissioning and the creditor reliability test (CRT). Lotte Chemical expects the Line naphtha cracker to achieve commercial operations date by the October or November this year upon which depreciation of will commence and the interest expense related to the US$2.4bil project finance loan can no longer be capitalised and has to be expensed into its profit and loss statement. 'We expect the Line naphtha cracker to incur cash operating losses in the current market environment even with the partial use of propane/butane feedstock. 'However, after Line clears the CRT and achieves commercial operations date, it is possible it will dial down its utilisation rate, or even shut down altogether to reduce cash losses,' CGSI Research stated in a report. It added the instalment payments on the nine-year project finance loan will commence from June next year and require Lotte Chemical to take new debt to service the installments. Upside risks include Lotte Chemical potentially monetising the Line naphtha cracker to a trade buyer, CGSI Research said. The research house has retained its 'reduce' recommendation on the chemical group with a lower target price (TP) of 38 sen a share and based on 0.1 times its price to book value. Maybank IB has maintained its 'sell' call on Lotte Chemical with an unchanged TP of 39 sen pegged to 0.1 times the FY25 book value per share.
News18
05-08-2025
- Business
- News18
This Rs 14 Crore Mansion Is A Dream Home... But No One Wants This Death Trap
Fashion designers Charles and Patricia bought Lanfoist House in Wales for just Rs 10.5 lakh in 1971. Now worth Rs 14 crore, the property is unsellable due to landslides It is said that one should think twice before making any big investment, especially when purchasing property. For renowned fashion designer couple Charles and Patricia Lester, their dream home has turned into a decades-long nightmare. In 1971, the couple purchased Lanfoist House in Wales, United Kingdom for just £9,000 (approx Rs 10.5 lakh). Now valued at £1.2 million (over Rs 14 crore), the property remains unsellable, not due to its condition, but because of recurring landslides caused by a nearby canal. Built around 1690, the historic 20-room estate is located near the Monmouthshire and Brecon Canal in southern Abergavenny. While the house itself is grand, the canal that flows just 70 feet above it on a steep slope has brought repeated destruction and fear into the couple's lives. According to a report by Wales Online, multiple severe floods and landslides have been recorded over the years, with the most devastating incidents occurring in 1975 and 2014. The landslide in 1975 was particularly dangerous. Recalling the terrifying moment, Charles, originally from Banbury, Oxfordshire, said, 'We heard a loud roar and rushed out to find water bursting through the canal bank. Nearly 20,000 tonnes of water, trees, and stones came crashing down. Thankfully, large trees fell first, their roots striking a wall and forming a dam — it saved our lives." Now aged 83 and 82, Charles and Patricia say the anxiety from living under constant threat has taken a toll on both their mental and physical health. Patricia, originally from Buckinghamshire, shared, 'I still can't sleep properly. What if something like that happens at night? The fear is always there. The stress has become so overwhelming, I feel like I might either go bankrupt or lose my life." Despite trying to sell the property for over a decade, the couple has been unsuccessful. Even when they agreed to a lower offer of £850,000 (approx Rs 9.93 crore), the deal collapsed due to safety concerns. The Lesters blame the Canal and River Trust (CRT), which manages the canal, for negligence. They filed a £100,000 legal aid claim against CRT but lost the case due to what they described as the organisation's 'powerful legal team'. Now, what was once their dream home has become an emotional and financial burden, a historic estate stuck in limbo, haunted by the risk of another disaster. view comments First Published: August 05, 2025, 14:43 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
International Business Times
31-07-2025
- Politics
- International Business Times
Chilling Photos Show Severe Bruises on the Face of Female Victim Attacked in Cincinnati Mass Brawl
July 31, 2025 23:31 +08 Cincinnati Mass Brawl Victim X Grim photos of the female victim, who was brutally attacked during the horrific Cincinnati mass brawl, show severe bruises on her face. Ohio Senator Bernardo Moreno shared the grim images online on Thursday (July 31). The pictures featured gruesome injuries on the entire face and neck of the female victim. Morena shared the photos, introducing the victim as Holly. He wrote that the woman gave him permission to release the images in the hope of bringing a change. The Senator said Holly hopes no one ever suffers from what she did. He wrote the post with the following words: Cincinnati is an amazing and spectacular City. It deserves political leadership that matches the greatness of its citizens. @AftabPureval issues a late/weak statement, Police Chief blames social media (not the lack of almost 200 officers), Prosecutor @ConniePillich lets off lowlifes with $400 bail, @RepGregLandsman silent & posting about Ukraine, City Council member blames the victim. This is Holly. She wanted to have a nice evening out with friends. Instead, she got this. Holly gave me permission to release the photos so that others will never suffer what she did. We need and deserve change. The post captured the attention of several social media users, who shared their opinions in the comments section. Here are a few of them: That mob of like 15 people should be charged with attempted murder! This is what Democrat party policies like CRT do to black people's minds. They think white people are systemically racist and that they are somehow oppressed. There is systemic racism, and it's not from white people. Holly, you are one tough chick, and you did not deserve any bit of that. Your aggressors better be prosecuted to the highest extent of the law. This is federal. This is a hate crime. Praying for you, your friends, and your family. This is just wrong at all levels. I am an Ohio resident, and this happens all too often. The Ohio Attorney General said he would make sure this crime was punished, yet two of the suspects have already been released with a $400 bond. And they are known criminals with records. A 3rd one was arrested, but I have not heard about his release yet. This is not acceptable in any way. This is horrible - The people who did this need to be put away for a while - They certainly don't need to be running in the streets. Poor Holly... she just wanted laughs and ended up with scars. People in power do better. Please. Earlier this week, Vivek Ramaswamy, a former presidential candidate who is now running for Ohio governor, revealed the identity of the female victim. He named her Holly and said he spoke to her. According to him, the female victim did not receive any messages from the local or state officials, apart from the police detectives. Cincinnati Police Chief Teresa Theetge announced that five people have been charged in connection with the horrific brawl that took place in the city's downtown on Friday. The incident captured public attention after a video of a white man and a woman being beaten by a group. Cincinnati Police Chief Teresa Theetge said the assault at the intersection of Fourth and Elm Streets began with a verbal dispute between at least two men.
