Latest news with #LindaLim
Zawya
18-02-2025
- Business
- Zawya
Lee Kum Kee Brings Authentic Asian Flavours to the Asian Food Market at Wellington Lunar New Year Festival
WELLINGTON, NEW ZEALAND - Media OutReach Newswire – 19 February 2025 - The capital came alive this weekend with thousands of Wellingtonians enjoying all the range of activities on offer at the Lunar New Year Festival, organised by Asian Events Trust, held on 16 February at TSB Arena, Shed 6 and Frank Kitts Park to welcome in the Year of the Snake. Among those joining the celebrations was the newly appointed Minister for Ethnic Communities, Hon. Mark Mitchell, who officially opened the grand celebration. Asian Events Trust Chair, Linda Lim, said the response from the community was overwhelming. "Each year, we are amazed by the number of participants in this event. It has become an event Wellington looks forward to. We are thrilled to celebrate the cultural diversity of Wellington, where Asian communities come together to experience this rich mix of cultures. "What started 23 years ago as a small celebration has flourished into one of Wellington's biggest cultural events." says Linda. Global sauces and condiments brand Lee Kum Kee returned as the festival's principal sponsor, continuing its commitment to promoting and sharing authentic Asian flavours and culture worldwide. Lee Kum Kee featured a diverse range of sauce products at their stall and the Lee Kum Kee Panda was popular, posing for photos and spreading joy among festival-goers. "At Lee Kum Kee, our mission is to promote Chinese culinary culture worldwide. We're thrilled to connect and engage with communities by supporting this event. This vibrant celebration embodies our commitment to honouring cultural traditions and fostering connections among diverse communities—values that are at the very heart of our brand," said Gary Hui, Business Development Director - APAC, Oceania of Lee Kum Kee. The Asian food market remained a crowd favourite. Lee Kum Kee offered a variety of sauces for free at the food market, including Premium Soy Sauce, Seasoned Soy Sauce for Dumpling, Gluten Free Oyster Sauce, and Chiu Chow Style Chilli Oil, to bring a superior culinary experience to the public. These sauces not only enhance the flavours of traditional dishes but also invite festival-goers to explore new culinary possibilities. 2025 Wellington Lunar New Year Festival, 29 January to 16 February. The full festival programme is available at Hashtag: #LeeKumKee #WellingtonLunarNewYearFestival The issuer is solely responsible for the content of this announcement. About Lee Kum Kee Lee Kum Kee is the global gateway to Asian culinary culture, dedicated to promoting Chinese culinary culture worldwide. Since 1888, it has brought people together over joyful reunions, shared traditions, and memorable meals. Beloved by consumers and chefs alike, Lee Kum Kee's range of more than 300 sauces and condiments sparks creativity in kitchens everywhere, inspiring professional and home chefs to experiment, create, and delight. Headquartered in Hong Kong, China and serving over 100 countries and regions, Lee Kum Kee's rich heritage, unwavering commitment to quality, sustainable practices, and "Constant Entrepreneurship" combine to enable superior experiences through Asian cuisine for people worldwide. For more information, please visit Lee Kum Kee
Yahoo
13-02-2025
- Business
- Yahoo
Imdex Ltd (IMDXF) (1H 2025) Earnings Call Highlights: Resilience Amid Industry Contraction
Revenue: $212 million, down 10% year-over-year. Reported EBITDA: Up 28% compared to 1H '24. IBD Margin: 30.2%, consistent with 1H '24. Operating Cash Flow Conversion: 96%. Net Debt: Reduced to $15 million. Interim Dividend: $1.5 per share. Normalized NPAT: $21.9 million. Normalized NPATA: $26.5 million. Full-Time Employees: Decreased to 823. SaaS Revenue Growth: Datarock up 107%, Krux up 46%. IMT Revenue Growth: Up 72% compared to 1H '24. Net Debt Leverage Ratio: 0.2 times. Interest Coverage Ratio: 7 times. Warning! GuruFocus has detected 8 Warning Sign with IMDXF. Release Date: February 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Imdex Ltd (IMDXF) demonstrated resilience by executing its growth strategy despite a 19% contraction in industry activity, achieving a revenue of $212 million, only a 10% decline from the prior corresponding period. Reported EBITDA increased by 28% compared to 1H '24, reflecting the successful resolution of the Globaltech claims. The company's IBD margin remained strong at 30.2%, consistent with 1H '24, showcasing disciplined cost management and synergy delivery. Operating cash flow conversion was exceptionally strong at 96%, significantly above historical targets. Imdex Ltd (IMDXF) declared an interim fully franked dividend of $1.5 per share, aligning with its capital management policy. Revenue declined by 10% compared to the prior corresponding period, reflecting subdued global exploration activity. Normalized EBITDA declined in line with lower revenue, despite half-on-half growth. The Americas, the largest revenue-contributing region, saw an 11% revenue decline compared to 1H '24. The company's fluid engineering business, sensitive to raw activity, experienced a 14.5% revenue decline. The effective tax rate was higher than usual at 36% for the first half, expected to normalize in the second half. Q: Hi team, you mentioned operational efficiencies at various points through the presentation. Could you provide more color on where these have been achieved and if these initiatives may impact the speed of possible ramp as operating conditions improve? A: Paul House, CEO: We achieved a net $16 million improvement in OpEx through synergies from the Devico acquisition, organizational redesign savings, early-stage digital transformation investments, and saved legal fees from the Globaltech claims resolution. We are well-positioned and scalable, expecting incremental margins to drop through as the top line increases without compromising margins. Q: R&D expense was down about 20% year on year, but it looks like you've capitalized more. Could you elaborate on total R&D spend during the first half and how much has been capitalized? A: Linda Lim, CFO: Total R&D spend for the half was around $19 million, with $14 million expensed and $5 million capitalized. Compared to the prior period, $18 million was spent in 1H '24, with $17 million expensed. The increase in capitalized R&D is due to client-facing software product development, with overall R&D spend up to 9% of revenue from 7.5% in the prior period. Q: Can you explain the confidence in FY26 revenues returning to growth? Is it based on customer conversations as their budgets reset for the next 12 months? A: Paul House, CEO: Our confidence is based on declared budget increases, S&P data, and our global network's engagement with resource companies and drillers. The increased level of inquiries in some regions supports a positive outlook for FY26, despite persistent rising costs and geopolitical tensions. Q: Could you provide some color around OpEx and CapEx expectations for 2H '25 and how we should think about your operating leverage profile into FY25? A: Linda Lim, CFO: OpEx run rate is around $85 million for the first half, expected to continue into the second half. CapEx additions were $17 million, with intangibles at $7 million, expected to continue with a slight increase due to next-generation technology investments. Operational leverage should see good incremental margin drop through for incremental dollars earned. Q: Can you talk about the strategy for achieving higher revenue contribution from the IMT business unit in FY26 and beyond? A: Paul House, CEO: As we move into the mining production space, we benefit from common customer relationships and product foundations. The challenge is introducing new products into workflows, requiring customer engagement and problem-solving. We focus on customer engagement, problem identification, and product trials to validate solutions, maintaining momentum over the next 12-24 months. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
