Latest news with #KBL
Yahoo
4 days ago
- Business
- Yahoo
K-Bro Linen Second Quarter 2025 Earnings: Beats Expectations
K-Bro Linen (TSE:KBL) Second Quarter 2025 Results Key Financial Results Revenue: CA$113.1m (up 21% from 2Q 2024). Net income: CA$5.42m (up 20% from 2Q 2024). Profit margin: 4.8% (down from 4.9% in 2Q 2024). The decrease in margin was driven by higher expenses. EPS: CA$0.49 (up from CA$0.43 in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period K-Bro Linen Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Canada are expected to remain flat. Performance of the Canadian Commercial Services industry. The company's shares are up 16% from a week ago. Risk Analysis Before we wrap up, we've discovered 2 warning signs for K-Bro Linen (1 shouldn't be ignored!) that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
GMA Network
05-08-2025
- Sport
- GMA Network
Will Navarro leaves Magnolia to play for Busan KCC Egis in KBL
Will Navarro is ending his short stay at Magnolia in the PBA to play for the Busan KCC Egis in the upcoming season of the Korean Basketball League (KBL). The club announced Navarro's signing on Tuesday as the versatile forward marked the end of an almost three-month stint with the Hotshots, who acquired him in a trade for Calvin Abueva, Jerrick Balanza, and a future draft pick to NorthPort last May. ?"William Navarro is a new player in KCC Egis! We ask for lots of support and encouragement to William Navarro, who is making a new start at KCC Egis," the club said in an Instagram post. The transfer marks the realization of Navarro's dream to play abroad. Back in 2022, Navarro was set on suiting up for Seoul Samsung in KBL, but was not cleared due to an existing live contract with Gilas Pilipinas at the time. ?Navarro focused on his mother league, NorthPort, where he would lead the team alongside the core led by Cade Flores, Joshua Munzon, Evan Nelle, Fran Yu, and Sidney Onwubere, before his recent trade to Magnolia. In his short stay with Magnolia, Navarro helped the squad rack up eight wins against three losses to book one of the four twice-to-beat bonuses in the quarterfinals. The Hotshots, though, lost twice to TNT to bow out of contention. Magnolia recently named LA Tenorio as its new head coach. —JMB, GMA Integrated News
Mint
28-07-2025
- Business
- Mint
Kirloskar group dispute: HC allows KPL to resume brand licensing, with limits
The Bombay High Court has allowed Kirloskar Proprietary Ltd (KPL) to resume licensing the iconic 'Kirloskar' trademark to group companies, lifting a lower court's sweeping ban. In an interim ruling on 25 July, the court set aside a Pune court's January order that had barred any new brand licensing. However, it maintained a key restriction—no new licensees may compete directly with Kirloskar Brothers Ltd (KBL), the listed pumps and valves company. The 'Kirloskar' trademark has been used by several group firms since the 1920s. But by 1965, the founding family decided a single company should control the brand's use and integrity. This led to the formation of KPL, which became the custodian of the trademark for the benefit of all Kirloskar entities. Matters changed in recent years. Between 2015 and 2018, KPL, acting on legal advice, decided it needed to update long-standing user agreements. On 2 April 2018, it asked KBL and other group companies to sign new trademark agreements. KBL refused and instead filed a civil suit in Pune, sparking the current litigation. In June 2024, KBL filed for registered user status and, according to KPL, continued to breach the earlier agreements. KPL sent a breach notice, prompting KBL's legal challenge. On 9 January, the Pune court granted KBL broad interim protection, halting KPL from granting any new licenses for the mark. KPL appealed, arguing the lower court order "unilaterally altered decades-old governance arrangements" and was unfair to other group firms entitled to use the name. The HC largely agreed. 'There is no justification at the interim stage to restrain Kirloskar Proprietary from creating licensing rights in respect of the Kirloskar mark in accordance with its Articles of Association, this being the existing arrangement for the last 50 years,' said the bench, led by Chief Justice Alok Aradhe and Justice MS Karnik. The court also noted, 'Even as per Kirloskar Brothers' own case, the use of Kirloskar marks was never intended to be nor it is exclusive to one company.' But the Court added a caveat: the longstanding rule that no new license should be issued for overlapping or competing business lines must remain. "As from 1969 till date, no license has been issued by the Kirloskar Proprietary to any other group companies of Kirloskar for use in respect of overlapping businesses, this position should continue,' the judges said. Both KBL and KPL are expected to present further arguments before HC on 11 August. Parallel to the trademark dispute, the Kirloskar Group is also embroiled in a battle with the Securities and Exchange Board of India (Sebi). In 2024, Sebi directed several Kirloskar companies—including Kirloskar Oil Engines, Kirloskar Pneumatic, Kirloskar Ferrous Industries, and others—to disclose a 2009 Deed of Family Settlement under new securities disclosure rules, even though the listed companies were not party to the agreement. These Kirloskar firms have challenged the constitutional validity of Sebi's amended Listing Obligations and Disclosure Requirements (LODR) Regulations. They argue that the rules are "arbitrary, wholly unreasonable," and contrary to contract law principles because they force companies to disclose agreements executed privately among promoters or family members—even when the listed entity itself is not a signatory. The HC has sought Sebi's response, and a hearing is scheduled for 20 August.
Time of India
28-07-2025
- Business
- Time of India
Bombay HC upholds Kirloskar Proprietary's rights on ‘Kirloskar' brand
In a major development in the trademark battle over the 'Kirloskar' brand, the Bombay High Court has upheld Kirloskar Proprietary Limited 's ( KPL ) rights as the registered proprietor of the mark, rejecting the claims of exclusive and perpetual ownership made by Sanjay Kirloskar-led Kirloskar Brothers Limited (KBL). The HC stayed the order of the Pune District Court that had temporarily restrained KPL from creating licensing rights , reaffirming that KPL has been the custodian of the 'Kirloskar' trademarks for over 50 years and is empowered to grant licenses to its member companies as per its Articles of Association. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare MCA Technology MBA Data Science Management healthcare Artificial Intelligence CXO Others Finance Public Policy PGDM Degree Data Science Digital Marketing Data Analytics Leadership Product Management Cybersecurity Operations Management Design Thinking others Project Management Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details 'There is no material to support the contention of Kirloskar Brothers that it continued to be beneficial owner of the Kirloskar trademarks even after the assignment of the marks. The assignment and user agreements state to the contrary,' a division bench of Chief Justice and Justice M.S. Karnik ruled. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo The court noted that the user agreements clearly state that the goodwill in the 'Kirloskar' marks vests with KPL, and that the permitted user (KBL) derives no ownership rights from usage. It further observed that there was no justification at this interim stage to restrain KPL from granting licenses, maintaining that the arrangement has been in place for the past five decades. The HC agreed with KPL's contention that the Pune court had erred in altering the status quo by restricting KPL's licensing rights. It also rejected documents submitted by KBL claiming perpetual ownership, saying they did not establish an exclusive or interminable right. Live Events The matter has been posted for further hearing on August 11.
GMA Network
04-07-2025
- Sport
- GMA Network
Get to know Kevin Quiambao, the Filipino pursuing his NBA dream
Photo Inside Page Kevin Quiambao has officially taken his first big step toward making his NBA dream a reality. The 24-year-old Filipino basketball star arrived in Sacramento, California, on Thursday, July 3 (Manila time), as part of his plan to join training camps and catch the eye of scouts from the NBA. He shared a glimpse of his journey through a social media stories, showing a sneak peek into his training. Quiambao, currently playing for the Goyang Sono Skygunners in the Korean Basketball League (KBL), is looking to take his talents to the next level. As part of his U.S. visit, he will meet with PBA legend and former Gilas Pilipinas standout Jimmy Alapag, who now works as an assistant coach for the Sacramento Kings. The Muntinlupa native also has his sights set on securing a slot in the NBA Summer League, scheduled from July 10 to 20. Quiambao's impressive debut season in the KBL made waves among fans and analysts alike. The two-time UAAP MVP averaged 16.9 points, 6.3 rebounds, 3.9 assists, and 1.3 steals over 23 games. Despite his stellar performance, Goyang finished the season in eighth place with a 19-35 record.
