Day: August 24, 2022

HIGH PRICES GIVES RECORD HIGH QUARTERLY REVENUE Operating profit for Q2 2022 excluding settlement costs and before fair value adjustment is NOK 923 million, up 58% on the same period of 2021. Strong demand for seafood, including a substantial increase in prices realised for the Group’s main products, is the key factor in the year-on-year earnings improvement. The Farming segment delivered improved results in the quarter. Salmon prices were high again in the second quarter, based on continued high demand and low supply. The harvest volume was slightly lower than in the same period of 2021 but will increase in the second half of the year. Inflationary pressure in the economy and the low harvest volume are affecting cost developments. The total salmon and trout harvest volume for full-year 2022 is estimated at 203,000 GWT (including Lerøy’s...

GUANGZHOU, China, Aug. 24, 2022 (GLOBE NEWSWIRE) — Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent financial services provider in China, today announced a correction of a prior press release, “Fanhua Reports Second Quarter and First Half 2022 Unaudited Financial Results” issued at 5PM on August 23, 2022. The cash, cash equivalents and restricted cash at beginning of period for the six months ended June 20, 2021 in the unaudited condensed consolidated statement of cash flow should read “350,098” instead of “1,219,436” and the cash, cash equivalents and restricted cash at end of period for the six months ended June 20, 2021 in the unaudited condensed consolidated statement of cash flow should read “429,330” instead of “1,298,668” as originally issued inadvertently. The complete, correct release follows. Fanhua...

August 24, 2022 NORDIC SHIPHOLDING A/SCompany Announcement: 10/2022 Published via NASDAQ OMX on August 24, 2022H1 Result 2022SummaryThe comparison figures for the period ended 30 June 2022 are stated in parenthesis.The operating performance of the Group for H1 2022 was impacted by the sale of the remaining three vessels. The last vessel, Nordic Amy, was delivered to her new owner on 1 April 2022. The Group generated a profit after tax of USD 3.6 million (including write-off of certain loan interest of USD 3.9 million on the vessels) in H1 2022 compared to a loss after tax of USD 6.0 million for the same period last year. TCE revenue in Q2 2022 was recognised due to IFRS 15 reversals and revision of previous periods’ pool distributions by pool managers. Despite the improvement in average TCE rates in Q1 2022, the loss of earnings...