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Month: August 2022

Novaturas group financials for 6M 2022: high fuel prices effected company’ profitability

Novaturas group started 2022 with strong sales results. The income generated during the first half of 2022 surpassed both the results for the same period in 2021 and the pre-pandemic results in 2019. The company generated EUR 92M of income during the first half-year of 2022 and served 128K travelers throughout the entire group. However, rapidly increasing aviation fuel prices had a negative impact on profitability figures and therefore the EBITDA was negative and reached EUR 750K. “In order to manage the impact of increased aviation prices, we applied a fuel insurance strategy during the second quarter of this year, which proved to be effective – financial derivatives allowed us to generate EUR 103K of profit. Nevertheless, we did not insure the entire scheduled flight program and the aviation fuel prices continued growing significantly...

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UNITY Biotechnology Announces Pricing of Upsized Underwritten Public Offering

SOUTH SAN FRANCISCO, Calif., Aug. 17, 2022 (GLOBE NEWSWIRE) — UNITY Biotechnology, Inc. (“UNITY”) (Nasdaq:UBX), a biotechnology company developing therapeutics to slow, halt, or reverse diseases of aging, today announced the pricing of an upsized underwritten public offering of 64,285,714 shares of its common stock and accompanying warrants to purchase up to 64,285,714 shares of common stock at a combined public offering price of $0.70 per share and accompanying warrant. The warrants have an exercise price of $0.85 per share, are exercisable immediately, and will expire five years following the date of issuance. The gross proceeds to UNITY from the offering are expected to be approximately $45.0 million, before underwriting discounts and commissions and offering costs. All of the securities are being offered by UNITY. The offering...

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Junshi Biosciences Announces Acceptance of Supplemental Application for Additional Indications of Adalimumab Injection

— Additional indications: treatment for Crohn’s disease, uveitis, polyarticular juvenile idiopathic arthritis, pediatric plaque psoriasis and pediatric Crohn’s disease SHANGHAI, China, Aug. 17, 2022 (GLOBE NEWSWIRE) — Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences”, HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced today that the Company has received an Acceptance Notice issued by the National Medical Products Administration (“NMPA”). The supplemental application for additional indications of the company’s adalimumab injection (project code: UBP1211, trade name: 君迈康), including the treatment of Crohn’s disease, uveitis, polyarticular juvenile idiopathic arthritis, plaque psoriasis in children...

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Ottawa Bancorp, Inc. Announces Second Quarter 2022 Results and Cash Dividend

OTTAWA, Ill., Aug. 17, 2022 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.7 million, or $0.28 per basic and diluted common share, for the three months ended June 30, 2022, compared to net income of $0.7 million, or $0.26 per basic and diluted common share for the three months ended June 30, 2021. For the six months ended June 30, 2022, the Company announced net income of $1.6 million, or $0.59 per basic and diluted common share, compared to net income of $1.3 million, or $0.46 per basic and diluted common share, for the six months ended June 30, 2021. During the second quarter of 2022, the Company continued to grow the loan portfolio even though loan originations have tapered off significantly throughout 2022. The loan portfolio,...

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MD Office Solutions, LLC, acquires Antigua Medical Services, LLC; a Cardiac Mobile Imaging Company in Arizona

HAYWARD, Calif., Aug. 17, 2022 (GLOBE NEWSWIRE) — MD Office Solutions of Arizona, LLC, an Arizona based company, and subsidiary of M.D.O.S.C.A. Inc (“MDOS”), announced that it has acquired Antigua Medical Services, LLC. (“Antigua”) from Denise Nelson and her Partners. Antigua is a mobile nuclear medicine services provider based in Arizona with offices in Phoenix and Tucson, and is engaged in diagnostic imaging services similar to MD Office Solutions. The purchase of Antigua fits into the overall vision of MDOS to optimize efficiency, access, and expansion of mobile nuclear cardiology in the west coast. Samia Arram, MD Office Solutions, CEO and President, said “The acquisition of Antigua makes sense! It will enable MDOS to better serve the needs of customers and patients, by leveraging staffing resources, equipment and expertise...

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America’s Car-Mart Reports Diluted Earnings per Share of $2.00 on Revenues of $345 Million

ROGERS, Ark., Aug. 17, 2022 (GLOBE NEWSWIRE) — America’s Car-Mart, Inc. (NASDAQ: CRMT) today announced its operating results for the first quarter of fiscal year 2023. “For the quarter, unit sales volumes were up 2.1% to 15,536 with productivity (retail units sold per dealership per month) flat at 33.6, versus the first quarter of fiscal 2022. Even with significant industry headwinds, namely higher vehicles prices resulting from supply/demand imbalances, especially at lower price points, we saw unit volumes increase. We believe that when supply in our market eventually returns to more normal levels, our productivity will increase as affordability is most certainly keeping many good customers out of the market. We continue to place top priority on efficiently supplying good, mechanically sound vehicles at reasonable prices to our...

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Fountain Asset Corp. Announces Its Financial Results for the Quarter Ended June 30, 2022

TORONTO, Aug. 17, 2022 (GLOBE NEWSWIRE) — Fountain Asset Corp. (TSXV:FA) (“Fountain” or the “Company”) would like to announce its financial results for the three months ended June 30, 2022 (“Q2/22”). Highlights from the three months ended June 30, 2022:Adjusted net asset value (“ANAV”) of $17.63 million ($0.28 per share) at June 30, 2022 compared to $22.42 million ($0.36 per share) at March 31, 2022, representing a decline of 21.4% quarter over quarter on a per share basis. ANAV reflects the net asset value plus the amount of available tax loss pools; Net comprehensive loss of $5.02 million compared to net comprehensive income of $0.48 million for three months ended June 30, 2021 (“Q2/21”); Total revenue loss from investment activity was $4.70 million compared to total revenue of $0.95 million for Q2/21; Net realized losses on...

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Atico Reports Consolidated Financial Results for Second Quarter of 2022

(All amounts expressed in US dollars, unless otherwise stated) VANCOUVER, British Columbia, Aug. 17, 2022 (GLOBE NEWSWIRE) — Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) today announced its financial results for the three months ended June 30, 2022, posting a net loss of $2.7 million. Production for the period at Atico’s El Roble mine totaled 3.6 million pounds (“lbs”) of copper and 2,811 ounces (“oz”) of gold in concentrate at a cash cost(1) of $1.36 per payable pound of copper(2). Fernando E. Ganoza, CEO and Director, commented, “El Roble mine delivered strong production results for the second quarter despite a twenty-four-day stoppage in April due to the landslide previously announced. This huge effort from the operations team at El Roble was unfortunately not reflected in our financials given...

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Covenant Logistics Group Announces New Agreement to Sell Excess Real Estate and Quarterly Cash Dividend

CHATTANOOGA, Tenn., Aug. 17, 2022 (GLOBE NEWSWIRE) — Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant” or the “Company”) announced today that it has agreed to sell a California terminal for approximately $44.0 million, as well as the declaration of a quarterly cash dividend of $0.08 per share of common stock. Real Estate SaleThe Company has agreed to sell a California terminal for approximately $44.0 million in cash net of transaction costs. The buyer has paid a $2.0 million deposit on the property that is non-refundable, subject to limited exceptions. The transaction is expected to close by the end of the third quarter, subject to customary conditions. The Company expects to record a pretax gain on sale of property of approximately $37.5 million. The Company anticipates relocating personnel and equipment to other locations...

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Dycom Industries, Inc. to Host Fiscal 2023 Second Quarter Results Conference Call

PALM BEACH GARDENS, Fla., Aug. 17, 2022 (GLOBE NEWSWIRE) — Dycom Industries, Inc. (NYSE: DY) will host a conference call to discuss fiscal 2023 second quarter results on Wednesday, August 24, 2022, at 9:00 a.m. Eastern time. Dycom will issue a press release reporting its results earlier that morning. Interested parties may participate in the question and answer session of the conference call by registering at https://register.vevent.com/register/BI8912ef4c95fa46e899173079528bf98f. Upon registration, participants will receive a dial-in number and unique PIN to access the call. Participants are encouraged to join approximately ten minutes prior to the scheduled start time. For all other attendees, a live listen-only audio webcast of the call, including an accompanying slide presentation, can be accessed directly at https://edge.media-server.com/mmc/p/nkn4jebu....

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