Month: August 2022

Trondheim, 12 August 2022: In the second quarter, NORBIT delivered its strongest financial performance to date. Revenues for the quarter came in at NOK 315.3 million, representing a growth of 66 per cent from the same period last year, and the EBITDA result was NOK 77.7 million, which represents a margin of 25 per cent. “In the second quarter, all business segments reported all-time high revenues, and first half of the year has moved forward according to plan. We are on track to deliver on our target to report revenues in excess of NOK 1.0 billion for 2022, supported by the fact that we over the last twelve months have generated revenues of NOK 1.0 billion”, says Per Jørgen Weisethaunet, CEO of NORBIT. The Oceans segment delivered revenues of NOK 131.4 million and an EBITDA margin of 41 per cent. The 29 per cent increase in revenues from...

The January–June 2022 revenue increased and operating result improved compared to previous year. April–June 2022Revenue was EUR 27.3 million (18.6), representing a change of 46.6% Operating result was EUR 0.1 million (-2.0) Operating profit per revenue was 0.3% (-10.6%) The result for the period was EUR -0.3 million (-2.1) Earnings per share amounted to EUR -0.06 (-0.46)January–June 2022Revenue was EUR 54.3 million (38.5), representing a change of 41.1% Comparable operating result was EUR 0.2 million (-3.5) Operating result was EUR 0.2 million (-4.0) Operating profit per revenue was 0.3% (-10.3%) The result for the period was EUR -0.3 million (-4.4) Earnings per share amounted to EUR -0.07 (-0.98)Outlook Outlook for 2022 Martela anticipates its Revenue to grow over 10 % compared to previous year and operating result to be positive. Key...

CALGARY, Alberta, Aug. 11, 2022 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTCQB: NSFDF) today announced the Company’s financial and operating results for the quarter ended June 30, 2022. All dollar amounts herein are in Canadian Dollars unless otherwise identified. Q2 Financial and Operating Highlights Key financial and operational highlights for Q2-22 are summarized below:cash and short-term investments at June 30, 2022 were $1.12 million; net working capital was $0.05 million at June 30, 2022; the Company recorded SFD®-related revenues of $nil and received US$0.13 million (CDN$0.16 million) of payments on outstanding accounts receivable in April 2022; a net loss of $1.77 million was recorded for Q2-22, including stock-based compensation expense (“SBCE”)...

Received zoning approvals for over 3.8 million square feet of residential development in the second quarter on 3 projects in the Greater Toronto Area, including Vaughan, Scarborough, and Pickering; In excess of 3.0 million square feet of construction activity is currently underway, principally on high rise residential projects in Toronto, Montreal, and Ottawa; Shopping centre leasing activity continues to improve with occupancy levels, inclusive of committed deals, increasing to 97.6% in Q2 2022, representing a 40 basis points increase from Q1 2022; Net income and comprehensive income per Unit increased by $0.34 to $0.90 as compared to the same period in 2021; Net rental income and other increased by $5.8 million or 4.9% as compared to the same period in 2021; Same Properties NOI inclusive of ECL(1) increased by $6.1 million or 5.0% as...

Q1 FY2023 total revenue of $32.2 million grew by 42.6% compared to $22.6 million in Q1 FY2022 Recurring Revenue (1) grew by 59.1% from $16.4 in Q1 FY2022 to $26.0 million in Q1 FY2023MONTREAL, Aug. 11, 2022 (GLOBE NEWSWIRE) — mdf commerce inc. (the “Corporation”) (TSX:MDF), a SaaS leader in digital commerce technologies, reported Q1 FY2023 financial results for the three-month period ended June 30, 2022 (Q1 FY2023). Financial references are expressed in Canadian dollars unless otherwise indicated. “We continue to further leverage our leadership position in public eprocurement to capitalize on the sustained demand for digital transformation by government agencies of all levels across North America. We added 105 buying agencies and 38,000 suppliers on our platforms during the quarter. Our current focus is to accelerate pipeline...

Stronger Operating and Financial Results Year-to-date in 2022 and Continued Strength in European Power Prices Result in an Upward Revision to the Company’s Full-Year Financial Guidance TORONTO, Aug. 11, 2022 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for the three and six months ended June 30, 2022. All dollar amounts set out herein are in thousands of Canadian dollars, unless otherwise stated. “Our financial and operating performance in the second quarter has been stronger than expected and as a result, we are revising our 2022 full year financial guidance upwards this quarter due largely to higher market prices in Europe and solid operational performance,” said Mike Crawley, Northland’s President and Chief Executive Officer. “Energy security is now a top...