Day: November 9, 2022

ABN AMRO reports net profit of EUR 743 million in third quarter of 2022Good quarter with a net profit of EUR 743 million reflecting a strong recovery in deposit margins supported by a book profit on disposals and low impairments Continued growth in mortgage and corporate loan books. Market leader in mortgages, with a market share of 19.1% in Q3 Net interest income (NII) has bottomed out as deposit margins are benefiting from higher interest rates; outlook for the year has improved and NII is expected to be around EUR 5.3 billion for the full year (excluding incidentals) Underlying costs were 2% lower than in Q2; we expect full-year costs to be around EUR 5.3 billion, excluding incidentals and additional costs for the new CLA Impairments were EUR 7 million as the deteriorating macroeconomic outlook was offset by releases on non-performing...

(Bergen, 9 November 2022) Mowi recorded record–high revenues of 1 257 million euros in the third quarter of 2022. Operational profit was 240 million euros, compared with 131 million euros in the corresponding quarter of 2021. Despite another set of new operational and financial records for Mowi, the third quarter was unfortunately overshadowed by the Norwegian government’s proposed resource rent tax of 40% on salmon farming, or 62% including corporate tax. “The aquaculture industry is of great importance for the future of Norway, and it is in the nation’s best interests to see it grow. However, a tax rate of 62% will put an end to most of the many significant investment plans along the Norwegian coast, leading not only to reduced local employment levels now and in the future, but also to a massive diversion of funds away from coastal...

HOUSTON, Nov. 08, 2022 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the third quarter of 2022. This press release includes non-GAAP financial measures, including Adjusted Net Income, Adjusted EBITDA, Free Cash Flow, and Net Debt, which are described and reconciled to the most comparable GAAP measures below in the accompanying tables under “Non-GAAP Information.” Key highlights for the third quarter of 2022 and through the date of this press release included:Maintained strong production of 41.5 thousand barrels of oil equivalent per day (“MBoe/d”) (50% liquids), or 3.8 million barrels of oil equivalent (“MMBoe”); Generated net income of $66.7 million or $0.46 per diluted share in the third quarter of 2022;Adjusted Net Income totaled...

Long term updated guidance Long term updated guidanceROAD TOWN, British Virgin Islands, Nov. 08, 2022 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) announces that it has filed unaudited consolidated financial statements and management discussion and analysis (together, “Financial and Operational Results”) for the period ended September 30, 2022 (“Q3 2022”), which also contains the Annual Guidance Update (“2022 New Guidance”) and a new long term production target (“2025 Production Target”). The full version of the Financial and Operational Results can be viewed on the Company’s website at www.auraminerals.com or on SEDAR at www.sedar.com. All amounts are in U.S. dollars unless stated otherwise. Q3 2022 Highlights (Compared to Q3 2021):Consolidated quarterly production...

VANCOUVER, British Columbia, Nov. 08, 2022 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three and nine months ended September 30, 2022, as summarized in this news release and discussed in detail in the Management’s Discussion & Analysis. The Company’s financial results are prepared in accordance with International Financial Reporting Standards (“IFRS”). The reporting currency of the Company is the Canadian (“CDN”) Dollar. QUARTER HIGHLIGHTS FINANCIAL Total revenue increased to $41.7 million in the September 2022 quarter compared to $37.1 million in the 2021 comparative quarter, an increase of $4.6 million. In the September 2022 quarter, the Red Chris mine (100% basis) had 4.4 concentrate shipments (2021 – 4.0 concentrate shipments), and Mount Polley mine had...