Month: August 2022

FRO – Second Quarter and Six Months 2022 Results

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

FRONTLINE LTD. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2022 Frontline Ltd. (the “Company” or “Frontline”), today reported unaudited results for the three and six months ended June 30, 2022: HighlightsNet income of $47.1 million, or $0.23 per basic and diluted share for the second quarter of 2022. Adjusted net income of $42.5 million, or $0.21 per basic and diluted share for the second quarter of 2022. Declared a cash dividend of $0.15 per share for the second quarter of 2022. Reported total operating revenues of $300.4 million for the second quarter of 2022. Reported spot TCEs for VLCCs, Suezmax tankers and LR2 tankers in the second quarter of 2022 were $16,400, $26,500 and $38,600 per day, respectively. For the third quarter of 2022, we estimate spot TCE on a load-to-discharge basis of $28,100 contracted for 73% of vessel...

AB Klaipėdos nafta holds a Webinar regarding unaudited financial results for the six months of 2022

Written by Customer Service on August 25, 2022. Posted in Public Companies.

On the 25th of August 2022 at 9:00 (EET) AB Klaipėdos nafta holds a conference webinar for its shareholders, investors, mass media representatives and other stakeholders. The presentation is held in English. The webinar is hosted by KN Chief Executive Officer Darius Šilenskis and Chief Financial Officer Mindaugas Kvekšas who will introduce the Group’s financial results for the six months of 2022 and will answer the participant questions. Webinar presentation is enclosed.Mindaugas Kvekšas, Chief Financial Officer, +370 46 391772AttachmentKN_activity results for 2022 Q2

AB Klaipėdos nafta unaudited financial information for the six months of 2022

Written by Customer Service on August 25, 2022. Posted in Public Companies.

AB Klaipėdos nafta (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the six months ended 30 June 2022. Key financial indicators for the first half year of 2022:EUR millions Group Company H1 2022 H1 2021 H1 2022 H1 2021Revenue 36.0 31.6 34.5 30.1EBITDA 16.9 14.2 16.2 13.6Net profit (loss) (13.8) (6.8) (14.3) (7.2)Adjusted net profit (loss) 3.1 (0.2) 2.7 (0.7)Management comment: During 6 months of 2022, the same as during 2021, the Group‘s and the Company‘s net profit was significantly affected by unrealized currency exchange losses and by the reduction of LNG security supplement from 1 January 2020 by EUR 26.8 million per annum. The unrealized impact of exchange rates arose from the 1 January 2019 under the requirements of IFRS 16 “Lease”,...

12/2022 Green Hydrogen Systems – Interim report H1 2022

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

Company announcement 12/2022 Interim report for the first six months of 2022 Performance highlights for H1 2022First A-Series electrolyser units delivered at customer sites to undergo tests in a production environment as part of a full hydrogen production value chain The electrolysers show positive initial test data and are producing hydrogen in line with our expected specifications The A-Series platform is being CE certified with involvement from third-party accredited certification body Four customer orders totalling 3.2 MW in H1 2022 Backlog of 13 MW – an increase of 6.5 MW or 2 times compared to end of H1 2021 Revenue from customer contracts of DKK 0.5 million compared to DKK 1.9 million in H1 2021 EBITDA of DKK -132 million compared to DKK -67 million in H1 2021 reflecting the organisational scaling and continued investments...

Unibail-Rodamco-Westfield Sells Westfield Santa Anita in California for $537.5 Mn

Written by Customer Service on August 25, 2022. Posted in Mergers And Acquisitions.

Paris, Amsterdam, August 25, 2022 Press Release Unibail-Rodamco-Westfield Sells Westfield Santa Anita in California for $537.5 Mn Unibail-Rodamco-Westfield (“URW”) today announced that it has completed the sale of Westfield Santa Anita in Arcadia, California, to an established commercial real estate investor who owns other retail assets in Southern California. The sale price of $537.5 Mn (at 100%, URW share 49%), funded by the investor through a combination of equity and new debt, reflects a sub-6% net initial yield and a 10.7% discount to the latest unaffected appraisal.1 Westfield Santa Anita, an asset in URW’s US regional portfolio, is an A rated, 1.48 million square foot property, which is 96% leased2 and posts sales of $611 per square foot. The property’s H1-2022 tenant sales reached 93% of 2019 levels. The transaction is the largest...

Vow ASA: 1H 2022 – Highest ever revenues, profits, and order backlog

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

Vow ASA (“Vow” or the “Company”) had strong progress across the board in the first half of 2022. Total revenues doubled year-over-year to NOK 400 million. Revenues in Landbased were more than fourfold, Aftersales returned to pre-Covid levels and Cruise Projects continued its steady course of profitable growth. With continued strong operational performance built on an efficient delivery model, earnings before interests, tax, depreciation, and amortisation (EBITDA) before non-recurring items also reached a record high NOK 53 million for the period (NOK 20 million in 1H 2021). The EBITDA margin was 13.3 percent. Order backlog increased with 32 percent year on year to NOK 2.2 billion including options. This too was an all-time high. “We are very pleased to see the cruise industry back, and happy for our many long-term...

GOGL – Second Quarter 2022 Results

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world’s leading owner of large size dry bulk vessels, today announced its unaudited results for the three and six month period ended June 30, 2022. HighlightsNet income of $163.7 million and earnings per share of $0.82 for the second quarter of 2022 compared with net income of $125.3 million and earnings per share of $0.63 for the first quarter of 2022. Adjusted EBITDA of $191.6 million for the second quarter of 2022, compared with $149.4 million for the first quarter of 2022. Reported TCE rates for Capesize and Panamax/Ultramax vessels of $30,661 per day and $27,581 per day, respectively, in the second quarter of 2022. Reported TCE rate for the total fleet of $29,431 per day. Completed the $275 million refinancing of 14 Capesize vessels at attractive...

SalMar – Continued solid operational performance and record high salmon prices gave strong results

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

Total operational EBIT for Norway for the second quarter was NOK 952 million (NOK 32.34 per kg). Fish Farming Central Norway and Northern Norway delivered record results due to high salmon prices and continued strong operational performance. The underlying operational performance of Sales and Industry was solid, but results were affected by negative contribution from contracts. Icelandic operations delivered solid results due to strong price achievement and stable cost development. SalMar Aker Ocean progressing according to plan. The SalMar group’s operational EBIT for the second quarter was NOK 1,048 million (NOK 32.35 per kg). This excludes costs connected to lawsuits in North-America amounting to NOK 164 million. SalMar keeps the volume guiding for 2022 unchanged in all regions. In April the voluntary offer to acquire all outstanding...

Alkaline Fuel Cell Power Provides Conceptual Design of Low-Cost Fuel Cell Generator and Updated Timeline for Development

Written by Customer Service on August 25, 2022. Posted in Public Companies.

Figure 1 10kW fuel cell generator conceptual imageTORONTO, Aug. 25, 2022 (GLOBE NEWSWIRE) — Alkaline Fuel Cell Power Corp. (NEO: PWWR) (OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) (“AFCP” or the “Company”), a diversified investment platform developing affordable, renewable, and reliable energy assets and cleantech, is pleased to update investors on the development of its low-cost fuel cell technology, including a conceptual image of its recently announced 10 kW fuel cell generator, timing for deployment of six fuel cell units for pilot projects globally, and update of the Company’s webpage and investor presentation. www.fuelcellpower.com “AFCP is looking forward to deploying its four additional CE-certified low-cost fuel cell generator prototype units in 2024 and 2025, on top of the two 4kW combined heat and power (“CHP”)...

Allkem Delivers Record Full Year Results

Written by Customer Service on August 25, 2022. Posted in Earnings Releases And Operating Results.

BRISBANE, Australia, Aug. 24, 2022 (GLOBE NEWSWIRE) — Allkem Limited (ASX|TSX: AKE, the Company) provides financial results for the Allkem Group (the Group) for the full year ended 30 June 2022 which includes results of the former Galaxy assets for the 10-month period post-merger date, between 25 August 2021 to 30 June 2022. Record financial results have been achieved in the first year of the highly successful merger of Orocobre Limited and Galaxy Resources. The merger has generated substantial value through the combination of outstanding operating assets and development projects. The Company has restructured around the global portfolio and continues to strengthen the management, operating and development teams by attracting the highest quality personnel. New development and expansions are expected to see the business expand three-fold...

Month: August 2022

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