Latest news with #business operations
Yahoo
17-07-2025
- Business
- Yahoo
Comcast Names Romy Seals as Vice President of Finance for Florida Region
WEST PALM BEACH, Fla., July 17, 2025 /PRNewswire/ -- Comcast today announced Romy Seals has been appointed Vice President of Finance for the company's Florida Region. In this role, Seals will lead the region's financial strategy and operations, supporting Comcast's continued growth and customer experience initiatives across a highly competitive footprint. Seals will oversee a team which manages customer experience, project management, business operations, and financial reporting for Comcast's Florida Region. "Romy brings a rare combination of strategic insight, operational excellence, and a deep understanding of what it takes to succeed in a fast-paced, customer-focused environment like Florida," said Jeff Buzzelli, Regional Senior Vice President for Comcast's Florida Region. "Her leadership has already made a significant impact, and I'm confident she will continue to elevate our performance and strengthen our commitment to the communities we serve." Seals began her Comcast career in 2012 as Director of Business Operations in the Central Division. She quickly rose through the ranks, ventually serving as Vice President of Business Operations for Comcast Business, where she supported the brand's rapid growth and market disruption. She also led the Central Division Comcast Business Center of Excellence, overseeing subscriber reporting, systems support, and sales reporting across four regions. "Florida is a vibrant, fast-moving region with incredible opportunities and unique challenges," said Romy Seals, Vice President of Finance for Comcast's Florida Region. "I'm proud to continue working alongside such a dedicated and talented team to support our communities, drive financial performance, and help shape the future of Comcast in this dynamic market. I'm looking forward to building on the momentum we've created and contribute to the region's continued success." Since joining Comcast's Florida Region in late 2023 as Senior Director of Project Management, Seals has led key initiatives including Xfinity Communities projects, market expansion planning, network enhancements and hurricane recovery. Seals holds a bachelor's degree in finance and an MBA from Georgia State University. She and husband Steve live in Loxahatchee with their two dogs, Harper and Henry. About Comcast CorporationComcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit for more information. Press Contact:Diego Osorio(305) 842-7215diego_osorio@ View original content to download multimedia: SOURCE Comcast 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
Zawya
16-07-2025
- Automotive
- Zawya
Johnson Electric reports Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 and Formation of Joint Ventures in the PRC for Humanoid Robotics Business
HONG KONG SAR - Media OutReach Newswire – 16 July 2025 - This news release is made by Johnson Electric Holdings Limited ("Johnson Electric" or the "Company" and together with its subsidiaries, the "Group") for the business operations and selected unaudited financial information of the Group for the three months ended 30 June 2025 and the formation of joint ventures in the PRC for humanoid robotics business. Business and Unaudited Financial Information for the First Quarter of Financial Year 25/26 The Group's sales for the three months ended 30 June 2025 were US$915 million compared to US$935 million for the same period in the previous financial year, a decrease of 2%. Exchange rate movements had a favourable impact of US$9 million on the Group's sales during the period. Sales of Automotive Products Group ("APG") APG's sales for the three months ended 30 June 2025 were US$765 million, a decrease of US$23 million or 3% compared to the same period in financial year 24/25. Excluding currency effects, APG's sales decreased by US$30 million or 4%. The division's sales changes by region, excluding currency effects, were as follows: Three months ended 30 June 2025 Asia-Pacific 9% Decrease Europe, the Middle East and Africa 2% Increase Americas 4% Decrease Total 4% Decrease In Asia-Pacific, sales decreased by 9%. Sales of products for closure, thermal management, oil pump and steering applications decreased, partially offset by increased sales of products for braking applications. The decline in sales in the region was primarily driven by significantly reduced demand for non-domestic car brands in China, a category where APG has historically maintained an above-average market share, as well as price adjustments made in response to competitive market conditions. However, accelerating growth in sales to domestic car brands in China partially offset this decline. In Europe, the Middle East and Africa ("EMEA"), sales increased by 2%. Sales of products for braking, oil pump, steering, engine and fuel management applications increased, partially offset by decreased sales of products for closure and vision applications. In the Americas, sales decreased by 4%. Sales of products for braking, oil pump and engine and fuel management applications decreased due to the phasing out of some programs and weak demand from certain customers. This decline was partially offset by increased sales of powder metal components. Sales of Industry Products Group ("IPG") IPG's sales for the three months ended 30 June 2025 were US$150 million, an increase of US$2 million or 2% compared to the same period in the previous financial year. Excluding currency effects, IPG's sales increased by US$1 million or 1%. The overall performance reflects a mixed regional picture, shaped by varying market and customer dynamics. The division's sales changes by region, excluding currency effects, were as follows: Three months ended 30 June 2025 Asia-Pacific 7% Decrease Europe, the Middle East and Africa 14% Increase Americas 5% Decrease Total 1% Increase In Asia-Pacific, sales decreased by 7%, primarily due to both IPG as well as some of its customers experiencing keen price competition in certain product segments, where the focus of purchasing decisions has shifted towards low cost over product application features and bespoke design. The decline was further exacerbated by certain customers postponing planned program launches. In EMEA, sales increased by 14%, due to the combination of the ramp-up of existing programs and new product launches, as well as replenishment orders from certain customers after their consumption of previous inventory surpluses. In the Americas, sales decreased by 5% mainly due to weak demand from certain customers and some programs reaching end of life. This was partially offset by increase in sales of piezo motors, which benefited from robust demand for medical drug-dosing systems as well as high-precision equipment utilized in semiconductor foundries. Chairman's Comments on Sales Performance and Outlook Commenting on the first quarter's sales performance, Dr. Patrick Wang, Chairman and Chief Executive, said: "Johnson Electric's sales in the first quarter of the financial year compared to the same period in the prior year reflected the more subdued macroeconomic environment, as well as the impact of declines in the market share of non-domestic automotive OEM customers in China". Concerning the outlook for the remainder of the financial year 25/26, Dr. Wang said: "Until a clearer picture of the global tariff landscape emerges, we can expect customers to remain cautious in their purchasing and investment decisions. In the short term, this is likely to be a drag on sales, though we remain encouraged by our pipeline of new product launches and new business developments that should underpin growth in the second half of the financial year". Formation of Joint Ventures in the PRC for Humanoid Robotics Business The Company today announced that the Group entered into two equity joint venture agreements with Shanghai Mechanical & Electrical Industry Co., Ltd. ("SMEIC") in relation to the formation of two equity joint ventures. The first joint venture will be incorporated in Shanghai which will primarily serve as a sales channel for products manufactured by the second joint venture, as well as support business development, research and development, application engineering, and customer service for humanoid robotic solutions in the People's Republic of China (''PRC''). The second joint venture will be incorporated in Shenzhen which will serve as the engineering design, research and development, and manufacturing base for humanoid robot hardware modules and hardware system integration solutions. Each of the Group and SMEIC will invest RMB75 million in the two joint ventures. SMEIC is a leading PRC-based electromechanical equipment manufacturing company and is listed on the Shanghai Stock Exchange. "The two joint ventures are structured to complement one another - combining sales, business development and customer application support with product design, engineering, and manufacturing expertise. Together, they will enable the end-to-end delivery of high-performance humanoid robotic core components and subsystems to customers across the PRC.", said, Austin Wang, Executive Vice President. "The formation of the joint ventures represents a significant milestone in the Group's long-term strategy to expand its presence in the robotics sector." Cautionary Statement Regarding Forward-Looking Information This news release contains forward-looking statements regarding the financial condition, results of operations, and business plans of Johnson Electric and its Group, including the formation of joint ventures and the Group's outlook for the full year. These statements are based on current expectations, unaudited internal records, and management accounts, which have not been reviewed or audited by the Company's auditors and are subject to risks and uncertainties. Forward-looking statements can be identified by words such as "outlook", "expects", "anticipates", "intends", "plans", "believes", "estimates", "projects", and similar expressions. Such statements are subject to known and unknown risks and uncertainties, and actual results may differ materially from those expressed or implied in these statements. Shareholders and potential investors are advised to exercise caution when dealing or investing in the shares of the Company. Hashtag: #JohnsonElectric The issuer is solely responsible for the content of this announcement. About Johnson Electric Group The Johnson Electric Group is a global leader in electric motors, actuators, motion subsystems and related electro-mechanical components. It serves a broad range of industries including Automotive, Smart Metering, Medical Devices, Business Equipment, Home Automation, Ventilation, White Goods, Power Tools, and Lawn & Garden Equipment. The Group is headquartered in Hong Kong and employs over 30,000 individuals across more than 20 countries worldwide. Johnson Electric Holdings Limited is listed on The Stock Exchange of Hong Kong Limited (Stock Code: 179). For further information, please visit: Johnson Electric
Malay Mail
11-07-2025
- Business
- Malay Mail
Four Gombak industrial land parcels for sale at RM38m, company plans payout amid lack of new investment options
KUALA LUMPUR, July 11 — Jasa Kita Bhd's wholly owned subsidiary, JKB Development Sdn Bhd, today entered into a conditional sale and purchase agreement with Logik Damai Sdn Bhd to dispose of four parcels of freehold industrial land for RM38 million. In a filing with Bursa Malaysia today, the company said the four parcels, measuring 14,086 square metres and including a single-storey detached warehouse and a guard house, are located in Gombak, Selangor. 'The group is principally involved in the trading and distribution of industrial tools and equipment, including electric power tools, electric motors, mechanical hand tools, mechanical air tools, and bathroom products. 'As part of its business operations, part of the subject property is currently being used as a warehouse to store inventories,' it said. In conjunction with the proposed disposal, the company intends to revise the utilisation of proceeds from the earlier disposal by JKB Development of a leasehold industrial land in Setapak, Kuala Lumpur, which was sold for RM43.08 million and completed on June 4, 2024. It also announced a proposed special cash dividend of 12 sen per ordinary share in Jasa Kita, amounting to approximately RM53.95 million, to be distributed to entitled shareholders on a date to be determined and announced later. The company said the proposed disposal and tenancies would allow the group to meet its objectives without disrupting its existing business operations. These objectives include unlocking and monetising the value of the subject property, improving the group's financial position and performance, while allowing continued use of the property for ongoing business activities through the proposed tenancies. 'With regard to the proposed variation and special dividend, and considering the lack of suitable business opportunities and assets, the company believes distributing the proceeds as a special dividend is an appropriate way to reward shareholders,' it added. Barring any unforeseen circumstances and subject to the necessary approvals, the proposals are expected to be completed by the fourth quarter of 2025. TA Securities Holdings Bhd has been appointed as the principal adviser for the proposed disposal and variation. — Bernama
