Month: May 2022

Marimekko Corporation, Interim Report, 13 May 2022 at 8.00 a.m. INTERIM REPORT OF MARIMEKKO CORPORATION, 1 January–31 March 2022: Marimekko’s net sales and result continued to grow in the first quarter of 2022 This release is a summary of Marimekko’s interim report for the January-March period of 2022. The complete report is attached to this release as a pdf file and it is also available on the company’s website at company.marimekko.com under Releases & publications.  The first quarter in briefMarimekko’s net sales grew by 24 percent to EUR 36.0 million (29.1). In Finland, net sales rose by 27 percent, while international net sales grew by 20 percent. Net sales were boosted both by a favorable trend in wholesale and retail sales in Finland as well as the good development of international net sales with sales growing in all market...

Trondheim, 13 May 2022: NORBIT reports revenues of NOK 235.2 million for the first quarter, which represents an increase of 58 per cent compared with the corresponding period in the previous year. The EBITDA more than doubled from last year and came in at NOK 43.9 million in the quarter. “We are well on track to reach our goal of exceeding NOK 1 billion in revenue this year. All our segments are showing progress, with growth on the top line and improved profitability. Despite the first quarter usually being seasonally weak for the Oceans segment, we deliver the second highest quarterly revenues ever”, says Per Jørgen Weisethaunet, CEO of NORBIT. The Oceans segment delivered revenues of NOK 80.8 million for the first quarter, with an EBITDA margin of 32 per cent. The revenue increased with 18 per cent compared to the same quarter...

STRONG DEVELOPMENT IN DEMAND  The first quarter has been dominated by a very strong development in the prices for seafood, including salmon and trout. This price development has resulted in improved earnings from the farming of salmon and trout and from whitefish catches, but at the same time is a significant challenge for the Group’s downstream operations. The Group reported revenue of NOK 5,524 million in the quarter, up 12% on Q1 2021. Operating profit before fair value adjustment in Q1 2022 was NOK 852 million, a significant improvement on the figure of NOK 455 million in Q1 2021. Strong demand for seafood, including a substantial improvement in prices realised for the Group’s main products, is the most important factor behind the improved earnings, when compared with the same period last year.“We have seen an extreme development...

HighlightsEBIT before production fee and fair value adjustment of NOK 453 million driven by high prices and improved biological performance  Sales organization with positive impact on price achievement in all regions Operations in Norway less impacted by winter ulcers this winter compared to last year Improved cost level in BC Good smolt production in Newfoundland, ready for first transfer to sea in May Seawater production good in all regions with stable survival and group farming cost of NOK 43.4 per kg, or NOK 41.9 per kg for our Norwegian operations Expect harvest of 22 300 tonnes in Q2 2022 and 90 000 tonnes for the full year 2022Financial results Operational EBIT for Grieg Seafood was NOK 453 million in the first quarter, up from negative NOK 16 million in the same period last year. Harvest volume was 16,900 tonnes during...

TOKYO, May 13, 2022 (GLOBE NEWSWIRE) — Internet Initiative Japan Inc. (“IIJ”, TSE Prime: 3774) today announced its consolidated financial results for the fiscal year ended March 31, 2022 (“FY2021”, from April 1, 2021 to March 31, 2022) under International Financial Reporting Standards (IFRS).1Highlights of Financial Results for FY2021Total revenues JPY 226.3 billion up 6.3 % YoY2  Operating profit JPY 23.5 billion up 65.3 % YoY  Profit before tax JPY 24.2 billion up 72.2 % YoY  Net profit3 JPY 15.7 billion up 61.4 % YoY  Annual cash dividend JPY48.00 per share of common stock   up 61.3% YoY4           Highlights of Financial Targets for FY2022 (fiscal year ending March 31, 2023)           Total revenues JPY 250.0 billion up 10.5 % YoY  Operating profit JPY 27.2 billion up 15.5 % YoY  Profit before...

TORONTO and MONTREAL, May 12, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the quarter ended March 31, 2022. HighlightsCompleted $236.4 million of industrial property acquisitions during Q1 2022, increasing NOI from industrial properties to approximately 84.4% of NOI for the quarter. To partially fund the acquisitions the REIT completed $127.3 million of new mortgage financing at a weighted average interest rate of 3.25% and a term of 7.8 years. On January 1, 2022 the 100,000 square foot expansion at the REIT’s co-owned Ajax industrial property was completed by the vendor, with the tenant in-place and paying rent. As part of its capital-recycling program, the REIT has determined to sell five non-industrial properties with a carrying value of $54.9 million that are under...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS TORONTO, May 12, 2022 (GLOBE NEWSWIRE) — Avicanna Inc. (“Avicanna” or the “Company”) (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN), a commercial stage, international biopharmaceutical company focused on the commercialization of evidence-based, cannabinoid-based products, is pleased to announce the filing of its interim financial statements for the three-month period ending March 31, 2022 (“Q1 2022”) and the transition of the role of Chief Financial Officer. “We are pleased to report on our continued progress and global commercialization efforts where we primarily focused on, and achieved, growth of our four brands in the Canadian marketplace....