Month: August 2022

Altamira Therapeutics Provides Business Update

Written by Customer Service on August 30, 2022. Posted in Public Companies.

Company progressing with plans to focus on its RNA business Advancing discussions for divestiture or spin-off of legacy assets, including BentrioTM and AM-125 nasal sprays Bentrio revenues were $1.3 million in first half of 2022HAMILTON, Bermuda, Aug. 30, 2022 (GLOBE NEWSWIRE) — Altamira Therapeutics Ltd. (NASDAQ:CYTO), a company dedicated to developing therapeutics that address important unmet medical needs, today provided a business update on its strategic repositioning and key developments in its business. “We continue to be on track with our plan to refocus the Company around our exciting RNA delivery platform and to divest or spin off our legacy business to unlock the intrinsic value of our assets,” commented Thomas Meyer, the Company’s founder, CEO and Chairman. “Over the past few months, we made great progress in raising...

Pro Kapital purchases historic building in Vilnius city centre

Written by Customer Service on August 30, 2022. Posted in Public Companies.

Pro Kapital purchases historic building in Vilnius city centre AS Pro Kapital Grupp subsidiary company in Lithuania purchased via auction the Vilnius College building, located in the very centre of the capital city, on Naugarduko street. The acquisition deal, valued at €6.25 million, was completed on August 30th. The Lithuanian subsidiary of AS Pro Kapital Grupp purchased a four-story building belonging to the Vilnius College, built in 1957 and with a total area of 3,400 sq. m., together with the right to lease an area of 0.24 ha of state-owned land at Naugarduko str. 5, Vilnius. The initial sale price of the building was set at €3.2 million. 14 participants competed in the auction held on 5 July. “This promising investment in the centre of Vilnius will complement our portfolio of high-class residential buildings under development by...

Pro Kapital purchases historic building in Vilnius city centre

Written by Customer Service on August 30, 2022. Posted in Public Companies.

Havila Shipping ASA: Second quarter 2022 accounts

Written by Customer Service on August 30, 2022. Posted in Earnings Releases And Operating Results.

Summary The market for the company’s vessels in the second quarter has been better in all segments than the corresponding period in 2021. Revenues and profit are significantly affected by the sale of vessels. Agreement with lenders entered into in 2020 clarifies the company’s obligations towards the lenders for the period until 2024. Five vessels that have been in lay-up, of which 3 AHTS and 2 PSV, have been sold by agreement. Of these, 3 vessels were sold in the second quarter and the last two vessels are expected to be sold in the third quarter. Havila Shipping ASA achieved an operating income before depreciation of NOK 189.7 million in Q2 2022, compared with NOK 53.7 million in Q2 2021. Total operating income was NOK 287.3 million in Q2 2022, compared with NOK 145.2 million in Q2 2021. The group had as of 30/06/22 19 vessels operated...

Commercial Refrigeration Equipment Market to Worth $68.81 Billion by 2028 | Fortune Business Insights

Written by Customer Service on August 30, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global Commercial Refrigeration Equipment Market Size is projected to reach USD 68.81 billion in 2028, at CAGR of 5.2% during forecast period 2021-2028, Growing Demand from Food & Beverage Sector to Stimulate Growth Pune, India, Aug. 30, 2022 (GLOBE NEWSWIRE) — The global commercial refrigeration equipment market size reached USD 46.13 billion in 2020. The market valuation is slated to rise from USD 48.18 billion in 2021 to USD 68.81 billion in 2028 at a CAGR of 5.2% in the 2021-2028 period. This information is provided by Fortune Business Insights, in its report, titled, “Commercial Refrigeration Equipment Market, 2021-2028.” According to our expert analysts, commercial refrigeration equipment is gaining popularity due to the rising demand for food and beverage refrigeration, and...

Newtek Business Services Corp. Declares Third Quarter 2022 Dividend of $0.65 per Share

Written by Customer Service on August 30, 2022. Posted in Dividend Reports And Estimates.

BOCA RATON, Fla., Aug. 30, 2022 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), today announced that its Board of Directors declared a third quarter 2022 cash dividend of $0.65 per share.1 The third quarter 2022 dividend is payable on September 30, 2022 to shareholders of record as of September 20, 2022. 1Note regarding Dividend Payments: The Company’s Board of Directors expects to maintain a dividend policy with the objective of making quarterly distributions in an amount that approximates 90 – 100% of the Company’s annual taxable income. The determination of the tax attributes of the Company’s distributions is made annually as of the end of the Company’s fiscal year based upon its taxable income for the full year and distributions...

Gulf Resources Updates Investors on Revenue and Earnings Projections from Bromine and Crude Salt Segments for the 3rd quarter and the full year of 2022

Written by Customer Service on August 30, 2022. Posted in Dividend Reports And Estimates.

SHOUGUANG, China, Aug. 30, 2022 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (NASDAQ:GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China today is updating investors as to its estimates for revenues and profits for the 3rd quarter and the full year of 2022 for its Bromine and Crude Salt Segments only based on Non-Generally Accepted Accounting Principle (Non-GAAP). The Company is also providing a preliminary overview of 2023 for these two segments. Before reviewing the projections, the Company advises investors that these estimates were based on its assumptions at this time, also do not include unexpected nonrecurring and non-operational factors, any impairments and write-offs which our auditors may recommend. Market conditions impacting...

Global Ship Lease Announces Forward Charter Agreements

Written by Customer Service on August 30, 2022. Posted in Public Companies.

New multi-year forward charters to Hapag-Lloyd for six ECO 6,900 TEU ships expected to generate aggregate $393 million EBITDA LONDON, Aug. 30, 2022 (GLOBE NEWSWIRE) — Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has entered into new multi-year charters with Hapag-Lloyd for six ECO 6,900 TEU ships. The new charters are each for a firm period of five years, followed by two 12 month periods at the option of the charterer, and are scheduled to commence between late 2023 and late 2024, following the expiration of existing charters to a different counterparty. The charters are expected to generate average Adjusted EBITDA of approximately $13.1 million per ship, per year; and total Adjusted EBITDA of around $393 million for the six ships over the firm charter period. George Youroukos, Executive Chairman...

On the updated schedule for the completion of the construction of wind parks developed by UAB “Atsinaujinančios Energetikos Investicijos”

Written by Customer Service on August 30, 2022. Posted in Public Companies.

On 11 August 2022, the closed-end investment company UAB “Atsinaujinančios Energetikos Investicijos” B (hereinafter referred to as the Company) received from the wind turbine manufacturer and contractor General Electric Renewables GmbH an indicative updated schedule for the completion of the construction of the wind parks being developed by Žaliosios Investicijos UAB, in which 25% of the shares are held by the Company. The schedule has been adjusted taking into account the Initial Results of Root Cause Analysis Report (hereinafter referred to as the Initial Findings) following an investigation into an incident on 11 March 2022, in which one of the wind turbines fell during testing and was damaged. General Electric Renewables GmbH, in light of the Initial Findings, has decided to carry out additional works on all the wind parks...

Irwin Naturals Files Q2 2022 Financials

Written by Customer Service on August 30, 2022. Posted in Earnings Releases And Operating Results.

Rapid Execution on Cannabis Licensing and Ketamine ClinicRollup Strategy to Accelerate Future Growth LOS ANGELES, Aug. 30, 2022 (GLOBE NEWSWIRE) — Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) (“Irwin” or the “Company”) announced the Company filed results for its second quarter of fiscal 2022, the period ended June 30, 2022 on www.sedar.com. Philippe Faraut, CFO, stated, “While supply chain issues, reduced inventory at our customers and product transitions resulted in an 18% decrease in revenues, we maintained profitability. Additionally, as we continue to execute on our cannabis licensing and ketamine clinic rollup strategy, we will be adding new revenue streams to our results in the quarters to come. Following a bump in sales once the nation emerged from the most severe Covid related restrictions, we believe that our...

Month: August 2022

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