Month: August 2023

TORONTO, Aug. 28, 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 and six-month periods ended June 30, 2023 (“Q2 2023 and 1H 2023” respectively).   Q2 2023 financial highlights Continuing OperationsIn millions Q2 2023   Q2 2022   Change   %   Q2 2023   Q2 2022   Change  (except for % figures) RMB   RMB   RMB       CAD   CAD   CAD  Continuing Operations                  Revenue 117.4   84.0   33.4   40 % 22.8   16.5   6.3  Gross Profit 34.9   23.2   11.7   51 % 6.8   4.6   2.2  Gross Profit Margin 29.8 % 27.6 % 2.2 %            Net...

Strong Order and Revenue Growth Anticipated in Second Half of 2023 TORONTO, Aug. 28, 2023 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (TSXV: CBLU) (FRANKFURT: OYA) (OTCQB: CBUTF), announces its financial results for the quarter ended June 30, 2023 (“Q2 F2023”). A complete set of Financial Statements and Management’s Discussion & Analysis (“MD&A”) has been filed at www.sedarplus.ca. All dollar amounts are denominated in Canadian dollars. Trailing Four Quarter (“TFQ”) Financial Highlights:TFQ revenue was $1,644,227, a 72% decrease from $5,886,453 in the corresponding previous period. The current period was impacted by the economic downturn triggered by the macro-economic events of early 2022. TFQ recurring revenue was $646,416, a 10% decrease from $718,750 in the corresponding previous period. TFQ Gross...

TORONTO, Aug. 28, 2023 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”, TSX: PVS.PR.F, PVS.PR.G, PVS.PR.H, PVS.PR.I, PVS.PR.J, PVS.PR.K) announced today that the net asset value per unit was $103.16 at June 30, 2023. All amounts are in U.S. dollars. Income available for distribution for the six-month period ended June 30, 2023 was $37 million compared to $34 million in the prior year period. Dividend income was higher in the current period due to the receipt of shares of Brookfield Asset Management Ltd. (the “Manager”, NYSE/TSX: BAM) as part of the spinoff of Brookfield Corporation’s (formerly known as Brookfield Asset Management Inc.) asset management business on December 9, 2022. The net comprehensive income in the period of $379 million was primarily driven by unrealized mark-to-market movement on the share price...

TORONTO, Aug. 28, 2023 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the “Partnership”, TSX: PVF.UN TSX:PVF.PR.U) announced today its financial results for the six months ended June 30, 2023. All amounts are stated in U.S. dollars. The Partnership recorded net loss of $8.1 million for the quarter ended June 30, 2023, compared to net income of $21.0 million in the prior year quarter. The net loss for the quarter was primarily driven by unfavorable foreign currency movement as a result of the appreciation of the Canadian dollar, valuation losses on the trading portfolio and higher tax expenses. A loss of $9.9 million was attributable to the Equity Limited Partners ($0.15 per Equity LP unit) and income of $1.7 million was attributable to Preferred Limited Partners. As at June 30, 2023, the market prices of a Brookfield Corporation...

TORONTO, Aug. 28, 2023 (GLOBE NEWSWIRE) — Partners Value Investments Inc. (the “Company”, TSX: PVF.WT) announced today its financial results for the six months ended June 30, 2023. All amounts are stated in U.S. dollars. The Company recorded a net loss of $120.4 million for the three months ended June 30, 2023 compared to net income $489.3 million in the prior year period. Net loss in the current period was primarily driven by significant remeasurement losses associated with the retractable shares of $118.8 million, compared to remeasurement gains of $386.2 million in the prior year period. The Company’s retractable common shares are classified as liabilities due to their cash retraction feature. The remeasurement gains or losses in a given period are driven by the respective depreciation or appreciation of the Partnership unit...

BEIJING, China, Aug. 29, 2023 (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the second quarter of 2023. Second Quarter 2023 Highlights1Net revenues were RMB69.2 million (US$9.5 million), compared with net revenues of RMB133.5 million in the second quarter of 2022. Gross margin was 48.3%, compared with 52.2% in the second quarter of 2022. Net loss was RMB47.9 million (US$6.6 million), compared with net loss of RMB26.4 million in the second quarter of 2022. Net loss as a percentage of net revenues was negative 69.2% in the second quarter of 2023, compared with negative 19.8% in the second quarter of 2022. Adjusted net loss2 (non-GAAP), which excluded share-based compensation...

TORONTO, Aug. 28, 2023 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three months ended June 30, 2023. Clip’s commercial momentum accelerated in the second quarter of 2023, driven by new customers and the expansion of existing customers, which resulted in strong quarter over quarter growth. The second quarter demonstrated the migration of customers from pilot projects to expanded rollouts, which resulted in 136 additional retail stores during the quarter (+53% vs the first quarter of 2023) to bring the network total of depositing stores to 395. New customers from the second quarter will add over 400 incremental stores in the third quarter of 2023. As depositing retailers...