Joshua Cooper

IEX reports robust Q3FY25 performance

Indian Energy Exchange delivered a solid financial performance in Q3FY25, demonstrating strong volume growth and stable profitability. The company’s consolidated revenue rose 13.7% YoY to INR1.61bn, driven by increased electricity trading volumes and higher renewable energy certificate transactions. EBITDA for the quarter stood at INR1.46bn, reflecting a stable EBITDA margin of 90.7%, while net profit surged 16.9% YoY to INR1.07bn, underlining its operational efficiency and cost optimization strategies.

February 20, 2025 at 10:55 am

Uni-President Enterprises' revenue growth streak reaches 17 quarters

Uni-President Enterprises reported 3Q24 sales of NT$179bn, driven by robust growth in food and beverage sales at Uni-President China Holdings, as well as strong performances from 7-Eleven Taiwan, 7-Eleven Philippines, and CosMed. This marks the seventeenth consecutive quarter of positive revenue growth. Additionally, the company achieved a record high operating profit of NT$10.9bn, with operating margins of 6.1%.

February 20, 2025 at 04:45 am

Aldar Properties’ stock hits record high

Aldar Properties has announced record-breaking financial results for 2024, showcasing a remarkable 62% YoY increase in sales, reaching AED23bn. EBITDA surged by 51% to AED7.7bn, while net profit saw a substantial rise of 47%, amounting to AED6.5bn. This impressive performance marks the seventh consecutive quarter where revenues have exceeded consensus expectations. Following these outstanding results, Aldar's share price soared to an all-time high of AED9.25.

February 19, 2025 at 02:45 am

Steady rise in sales for Cochlear in 1HFY25

Cochlear announced the release of its 1HFY25 results on February 14, 2025. The group reported an increase in sales by 5% YoY to AUD1,170mn, with strong growth in sales in cochlear and acoustic implants, offset by a decline in Services revenue. Underlying net profit rose 7% to AUD206mn, with a margin expansion of 100 bps to 18% during the period.

February 18, 2025 at 10:49 am

Sysmex Corporation reports sustained 9M performance

Sysmex Corporation announced the release of its 9QFY25 results on February 12, 2025. Sales and profits surged during the period, achieving record highs. Net sales rose by 12.4% YoY to JPY366.9bn, aided by increased reagent sales and leverage of growth opportunities in emerging markets. Net profit increased 23.7% to JPY42.6bn, driven by prudent cost measures and the positive impact of the depreciation of yen.

February 17, 2025 at 06:22 am

First Abu Dhabi Bank's earnings streak hits seven quarters

First Abu Dhabi Bank has once again delivered an outstanding quarterly performance on February 6, 2025. The Bank reported NII growth of 4% YoY, reaching AED 4.9bn, while non-interest income saw an impressive surge of 24% YoY, reaching AED2.8bn. This marks the seventh consecutive quarter of earnings surprises, showcasing the bank's consistent excellence. Additionally, Morgan Stanley has raised its price target from AED13.9 to AED15.4, reflecting strong confidence in the bank's future prospects.

February 14, 2025 at 02:24 am

Gold Road chases Gruyere’s underground potential

Gold Road Resources Limited presented its 2025 annual guidance and an updated 3-year production outlook for the Gruyere Gold Mine on January 29, 2025. The company’s guided 3-year production outlook for Gruyere ranges between 335,000 and 375,000 ounces per year. With this strong production outlook, Gold Road expects Gruyere to deliver 2 million ounces in 2026. Once achieved, Gold Road will receive an uncapped 1.5% net smelter return royalty from Gold Fields on its 50% share of production.

February 13, 2025 at 02:32 am

Lagercrantz wraps up TASL acquisition with regulatory approval

Lagercrantz's subsidiary, Radonova, has completed the acquisition of Track Analysis Systems, a Bristol, UK-based leader in high-quality polymer sensors for neutron dosimetry and radon detectors. TASL has an annual turnover of approximately GBP1.2mn with good profitability. The acquisition, initially announced on 23 December 2024, has now received regulatory approval.

February 12, 2025 at 01:46 am

Godrej Properties posts record numbers in 2024

Godrej Properties announced its 3QFY25 results on February 4, 2025, wherein it has reported strong progress in business activities. The calendar year 2024 proved to be a record-breaking period for the company, achieving the highest ever booking value by any listed developer in India, amounting to INR288bn from the sale of 26.4mn sq. ft. of area. This reflects a robust increase of 69% and 54% in booking value and volume, respectively.

February 11, 2025 at 10:37 am

Swedish Orphan Biovitrum AB’s 4Q profits up by 36%

Swedish Orphan Biovitrum AB reported a 9% YoY increase in total revenue, reaching SEK7,436mn in 4Q24, with an 8% YoY increase at constant exchange rates. Adjusted EBITA fell by 1% YoY to SEK2,557mn, resulting in an approximately 400 bps decline in the adjusted EBITA margin to 34%. However, profit for the period surged 36% YoY to SEK1,391mn, due to lower interest expenses and one-off tax benefit of around SEK100mn.

February 10, 2025 at 11:57 pm

SCSK Corporation surpassed analyst estimates for 11 straight quarters

SCSK Corporation delivered a strong financial performance during the 9MFY25 ended December 31, 2024, driven by robust IT investment demand. This marks the 11th consecutive quarter of surpassing analyst expectations. Net sales for the period increased by 9.5% YoY to JPY384.9bn, with growth across all segments. Operating profit rose by 4.7% YoY to JPY42.9bn, supported by higher sales and improved margins.

February 10, 2025 at 01:53 am

North Pacific Bank enhances annual dividend guidance

In a press release dated January 30, 2025, the company announced an increase in its second half 2025 dividends to JPY9.5 per share, up from the earlier estimate of JPY6.5. This leads to a revised FY25 projection of JPY16 per share, suggesting a 3.2% annual dividend yield and a 34% payout. The increase is due to expected higher profits for FY25.

February 06, 2025 at 10:32 am

Leadership shift at Etihad Etisalat

The Board of Directors of Etihad Etisalat Co. has decided not to renew the contract of CEO Eng. Salman Abdulaziz Al Badran, effective February 23, 2025. Eng. Nezar Banabeela will take over as the new CEO starting February 24, 2025. Eng. Nezar Banabeela brings over 20 years of experience in the ICT sector, having held various roles at Saudi Telecom Company, including CEO of STC Bahrain.

February 05, 2025 at 01:28 am

Singapore Exchange to sell 20% stake in Philippine dealing

The Philippine Stock Exchange agreed to acquire a 20% stake in Philippine Dealing System Holdings from Singapore Exchange Limited on December 25, 2024. The transaction would enable the Philippine Stock Exchange to add 61.92% to the existing 20.98% stake in the Philippine Dealing System Holdings following the signing of multiple agreements with existing shareholders. The overall value of the transaction is pegged at PHP2.32bn.

February 04, 2025 at 12:37 am

14 consecutive quarters of growth for Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank reported an impressive PBT of AED10.6bn, marking a 26% YoY increase and surpassing its own guidance of AED10bn. This growth was driven by a robust 18% YoY increase in operating income, primarily due to a 40% jump in non-interest income, reaching AED6.2bn. This achievement marks the 14th consecutive quarter of growth, and the seventh consecutive quarter of surpassing analysts’ estimates.

February 03, 2025 at 05:08 am

Commonwealth Bank of Australia to liquidate Bank of Hangzhou shares

Commonwealth Bank of Australia announced its decision to divest its remaining 5.45% stake in the Bank of Hangzhou to New China Life Insurance. The deal is expected to generate approximately AUD940mn in gross proceeds for CBA. Once completed, the sale is projected to improve CBA's CET1 ratio by an estimated 18 bps. The transaction is anticipated to be finalized around mid-2025.

February 03, 2025 at 01:17 am

DBS boosts investment in Shenzhen Rural Commercial Bank

DBS Group has acquired an additional stake in Shenzhen Rural Commercial Bank for USD220mn. This acquisition increased DBS's total ownership in the Chinese lender to 19.4% from 16.7% in January of the previous year. DBS purchased an additional 281.6 million shares of SRCB at CNY5.67 per share, solidifying its position as the largest shareholder in the bank.

January 31, 2025 at 02:31 am

Nikkon Holding’s steady first half operating performance

Nikkon Holdings published its 1HFY25 results on November 8, 2024, reporting consolidated net sales of JPY120.4bn, an 11.1% YoY increase. This growth was primarily driven by the transportation segment, which grew by 16.2%, supported by the consolidation of Supreme Auto Transport and an increase in cargo volumes.

January 30, 2025 at 09:12 am

Industrial Sector boosts AS ONE Corporation's November sales

AS ONE Corporation reported its total sales for November across its three primary sectors on December 10, 2024. The company experienced a 3.4% increase in total sales compared to previous year. Notably, the Industrial sector demonstrated remarkable growth, achieving an impressive rise of 12.7% YoY.

January 29, 2025 at 11:46 pm

Pro Medicus signs AUD33mn contract with University of Kentucky

Pro Medicus subsidiary, Visage Imaging, signed a 9-year, AUD33mn contract with the University of Kentucky. The deal involves deploying the Visage 7 Enterprise Imaging Platform to create a unified diagnostic imaging platform across the university. Implementation planning will begin immediately, with the platform set to go live during the second quarter of the year.

January 29, 2025 at 08:41 am

Toho's Singapore operations to drive Asian expansion

Toho Co., Ltd. has announced the commencement of operations of its Singapore based subsidiary, Toho Entertainment Asia Pte. Ltd. on November 1, 2024. TEA will act as a key base for the company’s expansion plans into the Asian region, aiding revenue generation through IP and visual content licensing, product merchandising and marketing.

January 29, 2025 at 02:17 am