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Month: May 2023

JOYY Reports First Quarter 2023 Unaudited Financial Results

SINGAPORE, May 31, 2023 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global technology company, today announced its unaudited financial results for the first quarter of 2023. First Quarter 2023 Financial Highlights1Net revenues were US$583.6 million, compared to US$623.8 million in the corresponding period of 2022. Net income attributable to controlling interest of JOYY2 was US$28.0 million, compared to net loss of US$27.5 million in the corresponding period of 2022. Non-GAAP net income attributable to controlling interest and common shareholders of JOYY3 was US$49.9 million, compared to US$20.9 million in the corresponding period of 2022.First Quarter 2023 Operational HighlightsAverage mobile MAUs of Bigo Live increased by 19.0% to 37.7 million from 31.7 million in the...

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Candelaria Announces Change in Board and Senior Management

VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) — Candelaria Mining Corp. (TSX-V: CAND, OTC PINK: CDELF) (the “Company”) announces, effective today, the following changes in members of senior management and the Board of Directors. Mr. Mike Struthers has resigned as the Chief Executive Officer and from the Board of Directors. Mr. Hector Gonzalez, the Company’s current VP Exploration, has replaced Mr. Struthers as the Company’s interim CEO. Mr. Gonzalez has also joined the Board of Directors. Mr. Ramon Perez, the Company’s current President and a member of the Board of Director, Mr. Armando Alexandri, the Company’s current Chief Operating Officer, and Mr. Matt Roma, a member of the Board of Directors, have all resigned from their positions at the Company. Mr. Struthers, Mr. Perez, Mr. Roma, and Mr. Alexandri resigned as...

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Water Ways Reports Q1 2023 Financial Results: Sales of CAD$4.1M and Net Profit of CAD$0.4M

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, May 30, 2023 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (FRA: WWT) (“Water Ways” or the “Company“), a global provider of Israeli-based agriculture technology, providing water irrigation solutions to agricultural producers, announces the filing of its Interim Financial Statements (the “Statements“) and Managements Discussion and Analysis (the “MD&A“) for the three months period ended March 31, 2023. A comprehensive discussion of Water Ways’ financial position and results of operations is provided in the MD&A, filed on SEDAR (www.sedar.com) Mr. Ohad Haber, CEO and Chairman of the Board of Water Ways states: “The first quarter of 2023 shows the shift in our strategy....

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Puma Exploration raises $3,035,645 in its Private Placements

RIMOUSKI, Quebec, May 30, 2023 (GLOBE NEWSWIRE) — Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the “Company” or “Puma”) announces that it has closed the second tranche of the non-brokered flow-through private placement (“the FT Offering”) announced on May 11, 2023, for additional gross proceeds of $1,241,410. The Company also closed an additional non-brokered private placement of units (“the HC Offering”) for gross proceeds of $786,200. In May 2023, Puma raised a total of $3,035,645 to be invested in the 2023 exploration and development of the Williams Brook Gold Project as outlined on May 25, 2023. Marcel Robillard, Puma’s President and CEO, commented, “We are very pleased with the strong level of support for our Offerings. The funds raised will enable us to further develop our Williams Brook Project, accelerate growth, and...

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Cerro Grande Mining Corporation Announces its Second Fiscal Quarter ended March 31, 2023 results compared to the same period in 2022

TORONTO, May 30, 2023 (GLOBE NEWSWIRE) — Cerro Grande Mining Corporation (the “Company” or “CEG”) (CSE:CEG) reported its unaudited results for the second fiscal quarter ended March 31, 2023 compared to the same quarter in 2022. These financial statements and MD&A have been filed on SEDAR and the Company refers the reader to those materials for additional information. Cerro Grande Mining Corporation is an exploration and development company with properties and activities currently focused in Chile. Cautionary Statement on Forward-looking Information: This news release contains “forward-looking information”, which may include, but is not limited to, statements with respect to the future financial or operating performance of CEG. Often, but not always, forward-looking statements can be identified by the use of words...

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Automotive Finco Corp. Files Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2023

Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. TORONTO, May 30, 2023 (GLOBE NEWSWIRE) — Automotive Finco Corp. (NEX: AFCC-H) (the “Company”) today announced that it has filed condensed interim consolidated financial statements for the three months ended March 31, 2023. The statements together with the Management Discussion and Analysis can be found on the Company’s SEDAR profile at www.sedar.com. About Automotive Finco Corp. Automotive Finco Corp. is a finance company focused exclusively on the auto retail sector. In addition to its interest in Automotive Finance Limited Partnership, the Company may also pursue other direct investments and financing...

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Tims China Announces First Quarter 2023 Financial Results

Total Revenues Increased 49.8% Year-over-Year for the First Quarter 2023 31 Net New Store Openings in the First Quarter,648 System-Wide Stores at Quarter-End 12.4 Million Registered Loyalty Club Members at Quarter-End,Represents 79.3% Year-over-Year Growth Adjusted Store EBITDA Margin Increased 13.8 Percentage Points from the First Quarter 2022 to 1.9% Continued Recovery: 8.0% Same-store Sales Growth for Company Owned and Operated Stores in the First Quarter 2023, Including 17.1% in February and 19.4% in March SHANGHAI and NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) — TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China (“Tims China” or the “Company”) today announced its unaudited financial results for the first quarter 2023. FIRST QUARTER 2023 HIGHLIGHTSTotal...

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Robex Announces Its Results for the First Quarter of Fiscal Year 2023

QUÉBEC CITY, Québec, May 30, 2023 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex” or the “Company”) (TSXV: RBX) today presents its operational and financial results for the first quarter ended March 31, 2023. Aurélien Bonneviot, Chief Executive Officer of Robex, said, “In the first quarter of fiscal year 2023, the management team worked on accelerating the construction and securing financing for the Kiniero mine in Guinea. The Nampala mine in Mali, for its part, managed to maintain a solid level of production during this time period. Management continues to implement a sustainable growth strategy that is supported by a prudent and balanced financial approach.”1 Unless indicated otherwise, all amounts and financial data in this press release are in Canadian dollars (CAD). HIGHLIGHT SUMMARY FOR THE FIRST QUARTER OF FISCAL YEAR 2023...

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Agora, Inc. Reports First Quarter 2023 Financial Results

SANTA CLARA, Calif., May 30, 2023 (GLOBE NEWSWIRE) — Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the first quarter ended March 31, 2023. “Over the past few months, we have worked diligently to streamline our organizational structure and improve our operational efficiency. Going forward, we will operate two independent divisions under separate brands and led by separate leadership teams. The U.S. and international business will operate under the Agora brand, and the China business will operate under the Shengwang brand,” said Tony Zhao, founder, chairman and CEO of Agora, Inc. “We believe that this strategic reorganization will allow us to optimally focus our resources on the priorities of each business – driving growth for...

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CF Energy Announces Financial Results For The three-month period ended March 31, 2023

TORONTO, May 30, 2023 (GLOBE NEWSWIRE) — CF Energy Corp., (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), an energy provider in the People’s Republic of China (the ”PRC” or “China”), announces that the Company has filed its unaudited condensed interim consolidated financial results for the three-month period ended March 31, 2023. Results for the three-month period ended March 31, 2023 (“Q1 2023”) In millions Q1 2023 Q1 2022 Change % Q1 2023 Q1 2022 Change(except for % figures) RMB RMB RMB   CAD CAD CADContinuing Operations              Revenue 100.1 95.4 4.7 5% 19.8 19.0 0.8Gross Profit 28.5 37.3 (8.8) -24% 5.6 7.4 (1.8)Gross Profit Margin 28.5% 39.2% -10.7%   28.5% 39.2% -10.7%Net Profit 3.5 11.3 (7.8) -69% 0.7 2.3 (1.6)Adjusted Net Profit 0.7 5.3 (4.6) -86% 0.1 1.1 (1.0)EBITDA 20.0 30.5 (10.6) -35% 4.0 6.1 (2.1)Adjusted...

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