Month: May 2023

Aktia Bank PlcStock Exchange Release11 May 2023 at 8.00 a.m. Aktia Bank Plc’s Interim Report January–March 2023: Aktia’s net interest income increased strongly The quarter in shortNet interest income grew by 27% to EUR 31.8 (25.1) million from the previous year. The strong growth is mainly due to the increase in interest income in lending. Net commission income remained approximately at the previous year’s level at EUR 30.3 (31.3) million. The assets under management (AuM) increased from the end of the year to EUR 13.8 (13.5) billion. Net income from life insurance amounted to EUR 7.2 (21.4) million. The recalculated comparative figures for 2022 according to the new accounting standard IFRS 17 include considerable positive market valuations and thus make the comparison significantly more difficult. The business developed according to...

COMPANY ANNOUNCEMENT NO. 11-202311 May 2023, Copenhagen, DenmarkHighlights in Q1 2023Strong Mining Service revenue growth of 48% Adjusted Mining EBITA margin of 9.6%* Cost synergy takeout from Mining Technologies integration slightly ahead of plan Sustained profitability for Cement with EBITA margin of 4.3% Non-Core Activities order backlog decreased to DKK 2.1bn (end Q4 2022: DKK 2.9bn) Negative cash flow in line with expectations Financial guidance for 2023 maintained*Adjusted for integration costs of DKK 127m related to the Mining Technologies integration Mining order intake declined by 20% excluding currency effects. When adjusting for Russia, Non-Core Activities and Mining Technologies, the underlying Mining order intake in the quarter declined approximately 23%. This development reflects our ongoing transformation and the...

Limited growth in supply of Atlantic salmon combined with strong demand for healthy and nutritious food gave record high salmon prices, which resulted in a strong start of the year for SalMar. Operational EBIT for the group was NOK 1,884 million in Q1 2023. Total harvest was 48,500 tonnes. Operational EBIT per kg was NOK 38.8. Operational EBIT for Norway was NOK 1,725 million. Harvest volume was 42,000 tonnes, and operational EBIT per kg was NOK 41.1 per kg. Fish Farming Central Norway reported strong quarter with lower costs and favourable harvest profile. Fish Farming Northern Norway delivers good results, although partly offset by a large share of harvest volumes with higher cost base from NRS. Sales and Industry showed strong underlying operational performance from its harvesting and processing facilities, demonstrating ability...

ING posts 1Q2023 net result of €1,591 million with strong income growth and modest risk costs  Profit before tax increases strongly to €2,344 million in 1Q2023; CET1 ratio strengthens to 14.8%• Significant income growth, with rising interest rates having a positive impact on liability margins• Modest risk costs, reflecting strong asset quality• Growth of 106,000 in primary customers and increase in net core deposits of €1.3 billion• Additional distribution to shareholders of €1.5 billion  CEO statement“The year 2023 got off to a good start, as we recorded a strong first quarter,” said ING CEO Steven van Rijswijk. “Our results confirm the strength of our diversified business model with a growing client franchise. Our solid capital position, diversified funding profile and sound risk management enabled...

HOUSTON, May 10, 2023 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported first quarter 2023 financial and operating results along with the announcement of a new transaction. First Quarter Financial Highlights:Reported net revenue interest (NRI) production of 2.5 Bcfe (27.3 MMcfe per day) for the quarter ended March 31, 2023Realized average price of $2.98 per Mcfe including hedges ($2.83 per Mcfe excluding hedges) for the quarter ended March 31, 2023Delivered total revenues of $9.4 million for the quarter ended March 31, 2023, a decrease of 39% compared to the prior quarter.$7.0 million from natural gas, oil, and NGL sales; $2.4 million from gathering and compression fees through our ownership in the Auburn Gas Gathering System, after eliminating revenue earned from Epsilon...

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2023. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “We are taking a more active role at Red Leaf, our 40% owned investee company, as they develop their core assets: a wax processing facility in the Uintah Basin with environmental permits in place and their patented technology to produce oil from shale that incorporates carbon capture.” He added, “We have been leading discussions with stakeholders including producers in the basin, prospective...

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results showcasing operational momentum at its cornerstone Leismer asset, continued debt reduction and execution on its return of capital commitment through inaugural share repurchases. Athabasca is uniquely positioned as a low leveraged company generating significant Free Cash Flow through its low-decline, oil weighted asset base. Q1 2023 and Recent Corporate HighlightsProduction: 34,683 boe/d (93% Liquids) consisting of 29,179 bbl/d in Thermal Oil and 5,504 boe/d in Light Oil. The Company is maintaining annual guidance of 34,500 – 36,000 boe/d as Leismer production ramps up throughout the remainder of 2023. Capital Program: $26 million focused on Leismer’s expansion project...

TORONTO, May 10, 2023 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months ended March 31, 2023. All currency amounts in this press release are in Canadian dollars except as otherwise indicated. FIRST QUARTER 2023 RESULTSReported consolidated general and administrative expenses of $4.8 million (2022 – $5.9 million), representing a 19% year-over-year decline as strategic cost cutting efforts take hold. Corporate head office general and administrative expenses (before non-cash stock-based compensation) fell to $2.0 million in the first quarter of 2023, declining 26% from the $2.7 million incurred from the same period of the prior year.Reported net loss from total portfolio investments for the first quarter of 2023 of $7.5 million (2022 –...

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to report operating and financial results for the first quarter of 2023. A 71% operating margin1,2, combined with a 32% profit margin3 in the quarter delivered a return on capital employed (“ROCE”4) of 14% and return on equity (“ROE”4) of 17%, on a trailing 12-month basis. Additional highlights included:Strong Funds from Operations5 of $1.02/diluted share – Generated $180 million in funds from operations (“FFO”) in Q1 2023, despite lower realized commodity prices, and current income tax of $19 million ($nil in Q1 2022). Free Funds Flow6 of $58 million – Free funds flow totaled $58 million in Q1 2023, down from $60 million in Q1 2022 due to...