Latest news with #operatingrevenues
Zawya
3 days ago
- Business
- Zawya
Egypt: CI Capital's logs $7mln consolidated profits in Q1 2025
Arab Finance: CI Capital Holding for Financial Investments' (CICH) consolidated net profits attributable to the parent company plunged 59.41% year on year (YoY) in the first quarter (Q1) of 2025 to EGP 381.352 million from EGP 939.463 million, as per a filing. Operating revenues grew to EGP 2.129 billion in the first three months of the year from EGP 1.495 billion in the corresponding quarter a year earlier. At the level of the standalone financial statement, the company recorded net profits after tax of EGP 627.066 million in Q1 2025, rising from EGP 456.227 million in Q1 2024. Meanwhile, standalone operating revenues grew to EGP 14.538 million from EGP 16.821 million. CI Capital is a diversified financial services group, which provides advisory on capital raising as well as mergers and acquisitions, in addition to asset management, securities brokerage, custody, and research through its investment banking platform. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: Misr Duty Free Shops' consolidated profits rise 20.79% YoY in 9 months
Arab Finance: Misr Duty Free Shops posted a 20.79% year-on-year (YoY) increase in consolidated net profits attributable to the parent company during the first nine months of fiscal year (FY) 2024/2025, as per a disclosure on May 29th. The firm generated net profits of EGP 305.124 million in the nine-month period ened March 31st, 2025, compared to EGP 252.621 million in the same period of FY 2023/2024. Meanwhile, total operating revenues surged to EGP 1.017 billion from EGP 900.249 million a FY earlier. In the third quarter of FY 2024/2025, net profits excluding minority shareholders' rights rose by 13.03% YoY to EGP 76.351 million from EGP 67.548 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
16-05-2025
- Business
- Yahoo
Hofseth Biocare ASA: FIRST QUARTER 2025 FINANCIAL REPORT
HBC recorded total operating revenues of NOK 60.9 million in the first quarter of 2025, compared to NOK 52.4 million in the same period last year. Net operating revenues were NOK 60.7 million, reflecting a 15% increase from Q1 2024 (NOK 52.1 million), driven by continued growth in higher-margin human and pet health segments, despite early-quarter production constraints and ongoing pressure in the commodity oil market. Cost of goods sold (CoGS) amounted to NOK 37.5 million, up from NOK 27.3 million in Q1 2024. Operating expenses totalled NOK 23.1 million, slightly down from NOK 23.9 million in the prior year. This included NOK 3.0 million in one-time restructuring costs linked to organizational adjustments and personnel changes initiated to improve long-term operational efficiency. EBITDA for the quarter was negative NOK 19.9 million, compared to NOK -16.2 million in Q1 2024. The Operational EBITDA* amounted to NOK -8.3 million, slightly lower compared to the same period last year, reflecting the exclusion of non-recurring items such as restructuring costs (NOK 3.0 million), clinical trial and R&D investments (NOK 4.3 million), and Berkåk project costs (NOK 4.4 million). Highlights in the first quarter: Total revenues increased 15% year-over-year to NOK 60.9 million, despite lower raw material volumes in the quarter. In February, HBC decided to start the expansion project at Berkåk to triple production capacity. HBC launched an unsecured bond towards certain investors in Switzerland, Lichtenstein and Norway. The bond closed after the quarter with subscriptions of approx. CHF 3.5m. Strong B2B Sales in the human segment with growth of 66% YOY, driven by demand for OmeGo®, ProGo®, and the newly launched NT-II™ for joint health, especially in Europe and Asia. HBC participated in Natural Products Expo West (USA) and Food Ingredients China, including a keynote presentation to over 120 industry experts in Shanghai, reinforcing its leadership in marine-based nutrition. Although overall B2C growth was flat, organic sales continued to rise in core product lines and markets, with new launches and listings on and the upcoming Fressnapf marketplace. The Midsund facility achieved the highest three-week production period in HBC's history, running 15–20% above its previous rated capacity while maintaining product quality and yield. › Clinical Milestone for OmeGo® where a peer-reviewed study confirmed that OmeGo® significantly reduces coughing and improves sleep in city dwellers exposed to pollution, with effects observed at both 2g and 4g daily doses. NT-II™ Shows Clinical Promise and results from our pilot study showed improvements in joint pain and stiffness, were presented at the ICFSR 2025 conference. Significant advances were made in pharmaceutical research, including FT-002a for prostate cancer and MA-022s for asthma, alongside continued IND preparation for the SPHi pediatric IBD trial with Stanford. Please find the HBC Q1 2025 Financial report attached. For further information, please contact: Jon Olav Ødegård, CEO of Hofseth BioCare ASA Phone: +47 936 32 966 E-mail: joo@ About Hofseth BioCare ASA: HBC is a Norwegian consumer and pet health company founded on the core values of sustainability, optimal utilization of natural resources and full traceability. It upcycles the side streams of the salmon industry by taking fresh filleted salmon and converting it from a waste product into ingredients to improve human and pet health. These ingredients are ProGo®, a mix of bioactive peptides and collagen, OmeGo®, a whole salmon oil, with all the fatty acid fractions contained in fish, and CalGo® / NT-II® salmon bone powder containing calcium hydroxyapatite and undenatured collagen for bone and joint health. HBC places scientific evidence at the forefront which has led to important academic partnerships and the identification of unique health benefits. This includes the demonstration of improved iron metabolism by boosting the body's ability to take up and use iron resulting in increased energy and vitality with ProGo® as well as the activation of the GLP-1 receptor with fat reduction in overweight adults. OmeGo® has shown important immune health benefits including recovery from viral infection and improved respiratory health and sleep in adults troubled by particulate matter pollution. Finally, CalGo® has shown both bone and joint health benefits to support healthy ageing and active lifestyles. This work has also resulted in the granting of a number of patents protecting these discoveries. It has also led to the discovery of potential therapeutics and HBC has spun out a biotech-focused company, HBC Immunology (HBCI) has raised external finance, and the lead program is in prostate cancer followed by ovarian cancer. A separate molecule is targeted as an oral, steroid-sparing therapy for asthma. HBC's headquarters are in Ålesund, Norway with branches in Oslo, London, Zürich, New Jersey and Palo Alto. HBC is listed on Oslo Stock Exchange with ticker "HBC". *) Alternative Performance Measures are further described on p. 13 in the financial report. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act Attachment HBC Q1 2025 Financial reportError 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
16-05-2025
- Automotive
- Zawya
Egypt: GB Corp's consolidated profits inch up 0.03% YoY in Q1 2025
Egypt - GB Corp (AUTO) reported a 0.03% year-on-year (YoY) uptick in consolidated net profits attributable to the parent company in the first quarter (Q1) of 2025, recording EGP 626.522 million, compared to EGP 626.333 million, as per a filing. Similarly, operating revenues rose to EGP 16.760 billion in the three months to March 31st this year from EGP 9.006 billion in the same period a year earlier. The company did not post any standalone net profits. GB Corp is a leading automotive company in the Middle East. The Egypt-based company has operations across six primary lines of business: passenger cars, motorcycles and three-wheelers, commercial vehicles and construction equipment, tires, after-sales, and Iraqi operations. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Argaam
14-05-2025
- Business
- Argaam
Saudi Electricity Company Q1 2025 Revenue Surges 23% to SAR 19.5 billion, Driven by Growing Demand and Expanding Strategic Investments
The Saudi Electricity Company (SEC) has announced its financial results for the first quarter of 2025, demonstrating significant growth in operating revenues, which increased by 23% to SAR 19.5 billion, compared to SAR 15.9 billion for the same quarter in the previous year. This strong performance is attributed to the expansion of the regulated asset base of the electricity grid, higher electricity generation revenues in response to rising demand, and increased revenues from projects' development and management related to the construction of substations and transmission lines for the benefit of the company's customers. The results demonstrate the company's success in expanding its strategic investments and initiatives aimed at improving operational efficiency. The gross profit climbed 34.3% to SAR 2.9 billion, compared to SAR 2.1 billion in the same quarter of the previous year, while operating profit increased by 16.2% to SAR 2.3 billion, up from SAR 2.0 billion. Despite higher financing costs linked to the company's ambitious investment and expansion plans, net profit grew by 7.9% to SAR 968 million, compared to SAR 897 million in the same quarter last year. SEC's CEO, Eng. Khalid Bin Salem Al-Ghamdi, said: "Our first-quarter performance marks a robust start to the fiscal year 2025, reflectingof strong growth in operating revenues driven by business expansions, the accelerated growth of our regulated asset base and continued improvements in operational efficiency. The results confirm the success of our strategy to efficiently implement large-scale strategic investment projects designed to foster the sustainable transformation of Saudi Arabia's energy infrastructure and create long-term value for our stakeholders." He added, "We remain committed to delivering reliable, high-quality services to our customers, accelerating our digital transformation, and enhancing customer experience. We are optimistic about the prospects for SEC's sustainable growth, as we continue to capitalize on emerging opportunities and expand our electrical grid, power generation and storage capacities to support the Kingdom's economic and demographic growth, as well as its sustainable energy transformation plans in line with Saudi Vision 2030." During the first quarter, SEC successfully met growing demand by providing electricity services to approximately 60,300 new customers, bringing the total number of customers to around 11.37 million. Additionally, the distribution network expanded to 816,000 circuit kilometers. The lengths of the transmission and fiber optic networks grew by 4% and 7%, respectively, reaching over 100.700 circuit kilometers for transmission and 100,000 kilometers for fiber optics. The company continued its efforts to enhance the reliability of electric service and improve the customer experience, achieving a customer satisfaction rate of 87%. The company also advanced the development of its digital infrastructure, automated distribution stations, and connected them to control centers via fiber optics. As a result, the automation rate of distribution stations reached 37.5%. Regionally, the company continued the Saudi - Egypt electricity interconnection project with a capacity of 3 GW and is conducting preliminary studies for additional international interconnection projects, including with Italy, Greece and India. To support the Kingdom's leadership in renewable energy and build the future grid aligned with the targeted energy mix under Vision 2030, the company made significant progress in connecting renewable energy sources to the grid. By the end of the first quarter of 2025, the total connected capacity reached approximately 6.7 GW, with additional 34.4 GW of projects planned for completionby 2027. This expansion is complemented by an ambitious plan to deploy battery storage capacities, with the company currently developing and implementing up to 22 GWh. This includes a 500 MW battery project inaugurated in Bisha during the first quarter. In power generation, the total installed capacity of the SEC's generation plants reached approximately 56 GW, and SEC is further growing its power generation fleet with a large portfolio of under development generation projects totaling 23.4 GW, which includes the expansion of fully owned existing plants, in addition to independent power plants (IPP) in which SEC owns a share and new strategic partnerships. During the first quarter of 2025, the company initiated new projects, most notably the expansion of the Qurayyah Independent Power Plant (IPP) with a capacity of 3,010 MW in the Eastern Region, with the potential to build a carbon capture unit. Additionally, the company is converting the fuel used in some plants from liquid fuel to natural gas, aiming to improve thermal efficiency and reduce carbon emissions. To support future growth and financial flexibility, the company successfully financed its expansion plans during the first quarter through the issuance of dual-tranche, unsecured Sukuk amounting to USD 2.75 billion under its international Sukuk programme. The Sukuk were issued under favorable terms and pricing, including a USD 1.5 billion tranche with a 5-year maturity, and a USD 1.25 billion green Sukuk tranche with a 10-year maturity dedicated to supporting sustainable projects. The company successfully priced the 5-year and 10-year tranches at spreads of 85 and 95 basis points, respectively, over the 10-year U.S. Treasury yield, marking a historic record as the tightest spread ever achieved by a Saudi company. This reflects the growing confidence of global investors in the company's strategy and sustainability. The company's financial profile was further strengthened with the upgrade of its credit rating by Standard & Poor's (S&P) to A+ with a stable outlook in March 2025, in line with the sovereign rating of the Kingdom.
