Day: May 12, 2022

CORNING, N.Y., May 12, 2022 (GLOBE NEWSWIRE) — Corning Natural Gas Holding Corporation (OTCQX: CNIG) announced consolidated earnings of $2,407,480 or $0.73 per share for its second quarter ended March 31, 2022. This compares to consolidated earnings of $2,269,001 or $0.69 per share for its second quarter ended March 31, 2021. Consolidated earnings for its 2022 fiscal year-to-date were $2,810,707, or $0.87 per share, versus $2,391,109, or $0.74 per share for the same period in 2021. CFO Charles Lenns stated, “The increase in Company earnings for both the second quarter and the 2022 fiscal year-to-date were due to colder weather in fiscal 2022 and the electric and gas rate increases at Pike County Light & Power. These gains were partially offset by losses on investment income and a loss associated with the disposition of property.” Net...

Highlights of Q1 2022 results Positive improvements in container liner QoQ and profitability at a healthier level.Good volumes in import and export to and from Iceland. Trans-Atlantic services continue to perform very well. Strong financial improvement in Faroe Islands. Substantial increase in oil prices affecting cost but mitigated by operational adjustments and active revenue management.International forwarding performed well in the quarter despite lower volume, continued equipment shortage and lack of space in some trade lanes. Managed to meet changes in customers’ needs following the war in Ukraine. Global ocean freight- and charter rates have somewhat stabilized and there are signs of the market getting closer to “a new normal”. Revenue amounted to EUR 239.7 million, an increase of EUR 59.5 million or 33% when compared with...

PRESS RELEASE        Paris, 12 May 2022 – 5.45 p.m. YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION Growth in business in the first quarter of 2022 (+52.3%)Restated revenue from activities of €37.4 million in the first three months of the year, up €12.9 million (+52.3%) Growth in all transport activities, with the Containers business outperforming Good resilience in the context of war in Ukraine and inflationTouax confirmed the growth in its revenue that began in the second half of 2021. Total restated revenue from activities at the end of the first quarter of 2022 amounted to €37.4 million (€36.0 million at constant scope and currency1), compared with €24.6 million in the same period of 2021, up by €12.9 million (+52.3%). This strong increase stems from the sustained investment strategy begun at the end of 2020...

At a board meeting on 12 May 2022, the Board of Directors and the CEO approved the interim financial statements of the Kvika banki hf. (“Kvika”) group for the period 1 January to 31 March 2022. Highlights of the Interim Financial Statements for the First Three Months of 2022Pre-tax profit amounted to ISK 1,740 million Pre-tax return on weighted tangible equity was 16.1% Earnings per share for the period were ISK 0.31 Total assets were ISK 286 billion The group’s equity amounted to ISK 80 billion The solvency ratio of the financial conglomerate was 1.32 and its capital adequacy ratio (CAR) was 26.2% at the end of the period Overall group liquidity coverage ratio (LCR) was 247% Total assets under management were ISK 497 billionA meeting for shareholders and market participants will be held at 16:15 on Thursday, 12 May in the bank’s...