SINGAPORE: PSA International Pte Ltd (PSA) has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets, following formal approval by the relevant regulatory authorities. Halterm is the only container terminal in Eastern Canada that can serve mega container…
SINGAPORE: AMOS Group Limited, a supplier of products, services, and solutions to the marine and offshore industries, announced the appointment of Dan Tan as its new Chief Executive Officer (CEO). Tan joined Amos International Holdings as Chief Financial Officer in April 2017, which was later acquired by AMOS in October 2018. Tan was subsequently appointed…
DOHA: Qatar National Cement Company disclosed its reviewed financial statements for the period ended on 30.06.2019. The statement shows that the net profit is QR 100.14 million compared to net profit amounting to QR 168.52 million for the same period of the previous year. Earnings per share (EPS) amounted to QR 0.153 for the period…
SINGAPORE: HRnetGroup Limited has acquired 11.67 million shares of Staffline Group at a price of 180 pence for a total cash consideration of £21.009 million. Following the acquisition, HRnetGroup’s total holding in Staffline has increased to 17.154 million shares representing 24.89% of the total voting rights of Staffline. The transactions will be funded through internal…
DUBAI: Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market, reported profit of AED 151 million for the second quarter ended June 30, 2019, an increase of 17% compared to the same period last year. In his comments, Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, said: “Dubai…
DUBAI: Al Ramz Corporation Investment and Development (Al Ramz) reported net profit of AED 12.6 million for the second quarter of 2019 ended June 30, 2019 compared to net profit of AED 12.2 million for corresponding period of 2018 representing an increase of 3.5%; net profit was AED 177 thousand for the first half of…
SINGAPORE: Singapore Exchange (SGX) reported FY2019 net profit of S$391.1 million up 8%, its highest net profit in 11 years. Revenues were also the highest since listing at S$909.8 million. Operating profit increased to S$461.0 million from S$424.9 million same period last year, with earnings per share at 36.5 cents against 33.9 cents same period…
ABU DHABI: National Central Cooling Company (Tabreed), the leading UAE-based regional district cooling developer, released its consolidated financial results for the first half of 2019 ended June 30, 2019. The company continues to meet the region’s growing demand for district cooling and delivers solid performance and growth. Financial highlights – six months ended 30 June…
HOUSTON – CNW: Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico LLC (Equinor), a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator. The…
VANCOUVER – CNW: Pasha Brands Ltd., Canada’s largest craft cannabis brands organization, has announced the acquisition of a national brand known as Earth Dragon Organics – a leading pre-legalization manufacturer and purveyor of small batch cannabis-infused topicals, based in British Columbia. Pasha Brands, Canada’s largest craft cannabis brands organization. (CNW Group/Pasha Brands Ltd.) Since its…
LONDON: Finablr PLC announced that one if its subsidiaries, Travelex (UK) Limited has renewed its foreign exchange, ATM and VAT concession agreements with London Heathrow Airport to allow its current operations to continue until early 2024. Travelex has a long history with London Heathrow Airport, with Travelex being the first non-bank foreign exchange provider at…
LONDON, UK: Bigblu Broadband plc (BBB), a leading provider of alternative super-fast broadband services, has extended its agreement with Eurobroadband Infrastructure (EBI), a subsidiary of Eutelsat, following the successful addition of approximately 10,000 new satellite broadband customers since it joined the Preferred Partner Programme signed last December. Under this extended commercial arrangement across additional European…