Month: April 2020

Šiaulių Bankas AB, company code 112025254, domicile address Tilžės st. 149, LT-76348 Šiauliai, Lithuania.The Bank Group earned EUR 8.4 million of net profit, revenue reached EUR 23.4 millionHigher provisions for expected credit losses were formedNo growth in loan portfolio due to higher than usual loan repayments and COVID-19 uncertaintyKey performance indicators for 2020 were updatedŠiaulių Bankas Group earned EUR 8.4 million of unaudited net profit in the Q1 of this year – by 43 % less than Q1 2019. According to forecasts for the impact of COVID-19, provisions of EUR 4.9 million were formed in the Q1 for expected credit losses, when the recovery of impairment losses of EUR 0.7 million was recorded in the first quarter of the previous year.The Bank Group revenue for the Q1 was EUR 23.4 million (EUR 27.9 million for the same period...

AB Šiaulių bankas, įmonės kodas 112025254, buveinės adresas: Tilžės g. 149, Šiauliai, Lietuva.Banko grupė uždirbo 8,4 mln. eurų grynojo pelno, o pajamos siekė 23,4 mln. eurųSuformuoti didesni atidėjiniai galimiems paskolų portfelio nuostoliamsPaskolų portfelis neaugo dėl didesnių nei įprastai paskolų grąžinimo apimčių bei COVID-19 sukelto neapibrėžtumoAtnaujintos 2020 m. veiklos prognozėsŠiaulių banko grupė pirmąjį šių metų ketvirtį uždirbo 8,4 mln. eurų neaudituoto grynojo pelno, – 43 proc. mažiau nei per praėjusių metų pirmąjį ketvirtį. Atsižvelgiant į prognozes dėl COVID-19 įtakos, pirmąjį ketvirtį buvo suformuoti 4,9 mln. eurų atidėjiniai galimiems vertės sumažėjimo nuostoliams, kai praėjusių metų pirmąjį ketvirtį apskaitytas 0,7 mln. eurų vertės sumažėjimo nuostolių atstatymas.Banko grupės pajamos pirmą šių metų ketvirtį buvo...

KYOTO, Japan, April 30, 2020 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2020.The highlights are as follows:Net sales up 4% Y/Y to a record 1,535 billion yen.Operating profit down 15% Y/Y to 110.3 billion yen mainly due to increased costs associated with additional R&D and production ramp-up (approx. 14 billion yen) of traction motors and large-scale business acquisitions (approx. 3 billion yen) .Net profit down 45% Y/Y to 60.1 billion yen mainly due to the loss of 15.7 billion yen incurred through the sale of Secop’s refrigerator compressor business.EPS: 102.13yen (basic and diluted)Year-end dividend: 30.0 yen per shareAnnual dividend: 57.5 yen per shareSelected...

Revenue of € 91.3 Million and Net Income of € 13.9 Million Up 12.2% and 46.3%, Respectively, vs. Q1-19Q1-20 Orders Up 18.0% vs. Q4-19 and 42.2% vs. Q1-19DUIVEN, The Netherlands, April 30, 2020 (GLOBE NEWSWIRE) — BE Semiconductor Industries N.V. (the “Company” or “Besi”) (Euronext Amsterdam: BESI; OTC markets: BESIY, Nasdaq International Designation), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the first quarter ended March 31, 2020.Key HighlightsRevenue of € 91.3 million, at midpoint of guidance and down 1.2% vs. Q4-19. Up 12.2% vs. Q1-19 due to higher shipments for mobile and logic applicationsOrders of € 118.6 million, up 18.0% and 42.2% vs. Q4-19 and Q1-19, respectively, due primarily to higher bookings for mobile applicationsGross margin of 56.7%...

As unemployment surges rapidly because of the covid19 pandemic require people to stay at home and most businesses are forced to suspend bringing the total number of first-time unemployment benefits initial claims to around 22 million since mid-March. Despite of the negative news regarding employment, US stocks closed higher late Thursday breaking days of weak points. The S&P 500 climbed 0.6% 4 p.m. of New York time, while, the Dow Industrial Average finished up by 0.1% to 33 points. The Nasdaq Composite appreciates by 1.7%, so with the Stoxx Europe 600 Index which rose by 0.6%. But not like the first three major stocks mentioned earlier, the MSCI Asia Pacific Index decreased by 0.8%. Bonds did not go better on today’s market. The yield on 10-year Treasuries dipped two basis points to 0.61%, while the yield on the 30-year Treasury...

The U.S. economy is a proof that a pandemic cannot bring a good country that easy. Stocks in the U.S. market rallied big time late this Tuesday, April 14, 2020. Notably seen is Nasdaq which leads the greenish market today. Nasdaq Composite closed its price index by almost 4% as its fourth straight positive day for the first time since Feb 6 and its 4-day win streak, it literally bounced back more than 20% from its last low from March 2020. The Dow Industrial Average finished 2.4% or 559 points higher while S&P 500 closed up 3.1%. Bond however fell. The yield on 10-year Treasuries fell two basis points to 0.75%. AS for commodities, Gold also fell by 0.5% to $1,753.40 per ounce. Oil prices are also down by at least 10% which means that the OPEC+ successful meeting did not bounce positively on its market value. The dip came after Railroad...

The market felt another epic crashed as stocks fell rapidly throwing away all the gain they saved in the last weeks.The Dow Industrial Average closed down by 1.9% to 445 points, while, S&P 500 fell 2.2%. It is one of the worst’s days for the two mentioned indexes since April 1. It is De javu for the Dow which is once again 20% below from its February’s peak. Nasdaq Composite is declined by 1.4% which broke its four-day winning streak. For commodities, Oil prices plummet severely after a few days of rallying even though President Donald Trump and the OPEC+ group of companies assured a production cut cost which means that the move only gave few days ease to the market. One more reason of the dip is due to oversupply; since most people are staying at home there are low demands on supply. U.S. base crude, West Texas Intermediate (WTI)...

Styrets kommentarer til delårsregnskapet pr 31. mars 2020Morbankregnskapet for 1. kvartal preges av:• Økte kjerneinntekter• Urealiserte tap på obligasjons- og pengemarkedsfondsporteføljen som følge av koronasituasjonen• Økt kostnadsvekst til dels pga engangseffekter samt som følge av koronasituasjonen• Økt tapsavsetning som følge av koronasituasjonen• Økt kredittvekst i bedriftsmarkedet• God soliditet og likviditetResultat av ordinær drift før skatt ved utgangen av perioden utgjør NOK 14,3 mill (NOK 25,3 mill). I % av gjennomsnittlig forvaltningskapital (GFVK) utgjør resultatet 0,52 % (1,00 %). Resultatet trekkes betydelig ned som følge av koronasituasjonen.Rentenetto utgjør NOK 46,7 mill (NOK 41,4 mill). I % av GFVK utgjør rentenettoen 1,69 % (1,64 %).Netto driftsinntekter utover rentenetto utgjør i sum NOK 5,5 mill (NOK 11,2 mill).-Herav...

The Hague, April 30, 2020 – The Board of Royal Dutch Shell plc (“RDS” or the “Company”) today announced an interim dividend in respect of the first quarter of 2020 of US$ 0.16 per A ordinary share (“A Share”) and B ordinary share (“B Share”), reduced from the US$ 0.47 dividend for the same quarter last year.The pace and scale of the societal impact of COVID19 and the resulting deterioration in the macroeconomic and commodity price outlook is unprecedented. The duration of these impacts remains unclear with the expectation that the weaker conditions will likely extend beyond 2020. In response, Shell has taken decisive actions to reduce our spending and position our businesses to compete in the current lower commodity price environment and uncertain demand outlook. The Board of Royal Dutch Shell has taken the decision to reset its dividend...

Reported positive Phase 2b results in symptomatic patients with moderate to severe COPD with nebulized ensifentrineReported positive efficacy and safety with single dose pMDI ensifentrineU.S. FDA response to End-of-Phase 2 package expected in the second quarterConference Call Today at 9:00 am EDT / 2:00 pm BSTLONDON, April 30, 2020 (GLOBE NEWSWIRE) — Verona Pharma plc (AIM: VRP) (Nasdaq: VRNA) (“Verona Pharma” or the “Company”), a clinical-stage biopharmaceutical company focused on developing and commercializing innovative therapies for respiratory diseases, announces financial results for the three months ended March 31, 2020, and provides a corporate update.OUTLOOK AND STRATEGYVerona Pharma aims to improve health and quality of life for the millions of people affected by chronic respiratory diseases. The Company’s first-in-class...