Month: April 2020
Disruptions resulting from the COVID-19 pandemic impacted Company’s ability to perform work related to the financial statements, delaying filing of Annual ReportCompany announces intention to have its first earnings conference call to discuss financial results and business outlook on or before June 15, 2020NEW YORK, April 29, 2020 (GLOBE NEWSWIRE) — Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”) through its wholly-owned subsidiary Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), announced today it has filed a Form 6-K with the Securities and Exchange Commission for an automatic 45-day extension to file its Annual Report on Form 20-F...
AM Resources Postpones Filing of Annual Financial Statements
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MONTREAL, April 29, 2020 (GLOBE NEWSWIRE) — AM Resources Corporation (“the Company”) (TSX VENTURE: AMR) announces that due to Covid-19 circumstances it will delay its annual consolidated financial statements and its management discussion and analysis until on or about June 1, 2020. The Company is relying upon temporary relief granted by the Autorité des marchés financiers (AMF) allowing reporting issuers to extend certain continuous disclosure filing deadlines occurring during the period from March 23, 2020 to June 1, 2020 by 45 days.Management and directors of the Company are subject to an insider trading black-out policy until the delayed filings are completed, reflecting the principles in section 9 of National Policy 11-207 Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.The Company confirms...
Horizon Bancorp, Inc. Announces First Quarter 2020 Financial Results and Adopts New Accounting Standard for Current Expected Credit Losses
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MICHIGAN CITY, Ind., April 29, 2020 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three-months ending March 31, 2020.Craig M. Dwight, Chairman and CEO of Horizon, commented, “We are pleased with the solid first quarter results achieved in the face of unprecedented changes to the way we, our customers and the entire country lives and works as a result of the COVID–19 pandemic. But more importantly, I’ve truly never been prouder of our entire team, as it has risen to the challenge in every way imaginable. Our ability to prioritize customer and employee health and safety, while providing uninterrupted services and access to our accountholders, is the result of our ongoing focus on deliberate, thoughtful evaluation of our business and...
Ballantyne Strong to Announce 2020 First-Quarter Financial Results and Host Conference Call on May 12, 2020
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Charlotte, NC, April 29, 2020 (GLOBE NEWSWIRE) — Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company”), a holding company with diverse business activities focused on serving the entertainment, retail, financial, advertising and government markets, today announced that the Company will issue its 2020 first-quarter financial results after market close on Tuesday, May 12, 2020. The Company’s financial results and an accompanying slide presentation will also be available on the Investor Relations page of the Company’s website at ballantynestrong.com/investors.A conference call to discuss the 2020 first-quarter financial results will be held on Tuesday, May 12, 2020 at 5:00 pm Eastern Time. Investors and analysts are invited to access the conference call by dialing 877-407-3982 (domestic) or 201-493-6780 (international) and providing...
RAK Petroleum plc Schedules Release of 2019 Annual Report and Accounts
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United Kingdom, 29 April 2020RAK Petroleum plc, the Oslo-listed oil and gas investment company, notes that pursuant to the previously reported statement by the United Kingdom Financial Conduct Authority (“FCA”) requesting that all listed companies observe a moratorium on the publication of preliminary financial statements for at least two weeks and that this be considered for audited full year results, the Company has rescheduled publication of its 2019 Annual Report and Accounts from 31 March 2020 to 30 April 2020. For further queries, please contact:Kevin TonerManaging DirectorRAK Petroleum plcEmail: kevin.toner@rakpetroleum.ukAbout RAK Petroleum plcRAK Petroleum plc is an Oslo Børs listed oil and gas investment company established under the laws of England and Wales as a public limited company. Its principal holdings are...
Old National Bancorp to webcast annual shareholders’ meeting
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EVANSVILLE, Ind., April 29, 2020 (GLOBE NEWSWIRE) — Old National Bancorp (NASDAQ: ONB) will conduct its Annual Meeting of Shareholders on Thursday, April 30, 2020. The meeting will begin at 9:00 a.m. CDT at the Old National Bank headquarters at One Main Street, Evansville, Indiana.Shareholders and interested investors may access the live, listen-only presentation by dialing 1-833-760-9831. Additionally, investors may access the live, listen-only webcast and corresponding presentation slides on the Investor Relations section at oldnational.com, where it will be archived for 12 months. A replay of the meeting will also be available from Noon Central Time on April 30 through May 7. To access the replay, dial 1-855-859-2056, conference ID 6763538.ABOUT OLD NATIONALOld National Bancorp (NASDAQ: ONB), the holding company of Old National...
Enphase Energy en Sunlogics leveren oplossingen voor zonne-energie voor woningen in België
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‘S-HERTOGENBOSCH, Nederland, April 29, 2020 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ:ENPH), ‘s werelds toonaangevende leverancier van micro-omvormers voor zonne-energie, kondigde vandaag de samenwerking aan met Sunlogics, een full-service-installateur van zonnepanelen voor woningen die op maat gemaakte oplossingen voor zonne-energie levert aan klanten in België.Sunlogics, heeft zijn hoofdkantoor in Dilsen-Stokkem, België, en heeft zonnepanelen voor woningen geïnstalleerd met een totale capaciteit van meer dan 30 MW, genoeg om tienduizend gezinnen in Belgisch Limburg, Antwerpen en Belgisch Brabant van stroom te voorzien. Het bedrijf heeft voor Enphase gekozen als exclusieve leverancier van micro-omvormers en gebruikt Enphase IQ 7™ en IQ 7+™ micro-omvormers voor de modules van de SunPower® P-serie. Daarnaast zijn de zonne-energiesystemen...
Oil States Announces First Quarter 2020 Results of Operations
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HOUSTON, April 29, 2020 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the first quarter of 2020 of $405.0 million, or $6.79 per share, on revenues of $219.7 million and Consolidated EBITDA (Note A) of $21.9 million. The reported first quarter 2020 net loss included the following significant items, which totaled $396.8 million after-tax, or $6.65 per share:Non-cash goodwill asset impairment charges of $406.1 million ($386.5 million after-tax, or $6.48 per share)Non-cash write-downs of inventory totaling $25.2 million ($20.5 million after-tax, or $0.34 per share)Non-cash fixed asset impairment charge of $5.2 million ($4.1 million after-tax, or $0.07 per share)Severance and downsizing charges totaling $0.7 million ($0.5 million after-tax, or $0.01 per share)Discrete tax benefit of $14.8 million,...
Pilgrim’s Pride Reports Q1 Net Sales of $3.07 Billion, Operating Income of $84 Million and GAAP EPS of $0.27
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GREELEY, Colo., April 29, 2020 (GLOBE NEWSWIRE) — Pilgrim’s Pride Corporation (NASDAQ: PPC) reports first quarter 2020 financial results.First Quarter HighlightsNet Sales of $3.07 billion.Net GAAP Income of $67.3 million, including one-time $0.09 per share gain on case settlement.Operating Income margins of 4.4% in U.S., -7.3% in Mexico and 2.8% in Europe operations, respectively.Adjusted EBITDA of $165.5 million, or a 5.4% margin.Strong focus in execution and dedication by our team members, combined with portfolio strategy of differentiated products, strong Key Customer relationships, and diversified global footprint reducing volatility of specific market conditions, especially under unprecedented Covid-19 impact at end of first quarter.U.S. continues to improve our relative performance versus the industry across all business units,...
Synergy CHC Corp. Announces Fiscal 2019 Year End Results
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Westbrook, Maine, April 29, 2020 (GLOBE NEWSWIRE) — Synergy CHC Corp. (OTCQB: SNYR) (“Synergy” or the “Company”), a consumer health care & beauty company, today reported results for the fiscal year ended December 31, 2019.2019 HighlightsGenerated net cash provided by operating activities of $2.95 million.Repaid $2.05 million of loans.Cash and cash equivalents grew to $1,224,514 from $459,739 in the prior year, an increase of 166%.Reduced payables and accrued liabilities by $3.7 million, a reduction of 44%.Net sales for the fiscal year ended December 31, 2019 were $29.4 million, compared to $33.8 million for fiscal year 2018, a 13% decrease. For fiscal year 2019, net loss was $9.2 million or $0.10 (basic and diluted) loss per share, compared to net loss of $6.2 million or $0.07 (basic and diluted) earnings per share for 2018.We...