SINGAPORE: Singapore Exchange (SGX) has reported 3Q FY2020 net profit of S$137.5 million with revenues of S$295.8 million. EBITDA stood at S$186.2 million, while earnings per share was 12.8 cents. The Board of Directors has declared a dividend of 7.5 cents per share, payable on 13 May 2020. Loh Boon Chye, Chief Executive Officer of…
SDX Energy announces successful flow rate test at Sobhi discovery well in Egypt
LONDON: SDX Energy Plc, the MENA-focused oil and gas company, provides an update on well-testing operations at the SD-12X (“Sobhi”; SDX 100% working interest) discovery well in the South Disouq Exploration Permit onshore Nile Delta, Egypt (SDX 55% working interest). The drill stem test (DST) at the Sobhi well began with a step-rate test of…
Steve Francis appointed Chief Executive Officer of SIG Plc
LONDON: SIG plc, a leading supplier of specialist building materials to trade customers across Europe, has announced the appointment of Steve Francis as Chief Executive Officer (CEO). This permanent appointment results from a search process that commenced in December 2019 and follows the announcement on 25 February 2020 that Steve would be CEO on an…
Fastjet announces sale of Embraer Aircraft to Solenta Aviation
LONDON: fastjet Plc, the low-cost African airline, today provides details of a historical creditor agreement entered into with Solenta Aviation (Pty) Limited involving the sale of one of the Company’s Embraer 145 aircraft for a consideration of US$2.2 million. fastjet Zimbabwe, a subsidiary of the Company, owed monies to Solenta relating to the maintenance and…
Lucyd expands online presence to Walmart.com
LONDON: Lucyd Ltd, the developer of smartglasses and an eShop for advanced eyewear, is expanding its online presence to Walmart.com and other new platforms, in addition to its presence on Amazon. Lucyd is wholly owned portfolio company of Tekcapital Plc, the UK intellectual property (IP) investment group focused on creating marketplace value from investing in…
Hibernia REIT receives approval for expanded development of Harcourt Square
LONDON: Hibernia REIT plc has received a grant of planning for an expanded development scheme at Harcourt Square. Designed by leading Irish architects Henry J Lyons, the scheme will deliver 343,000 sq. ft.[1] of Grade A office accommodation on the 1.9 acre city centre site, an increase of 28,000 sq. ft. (+9%) over the previously…
Scancell initiates development of novel DNA vaccine against COVID-19
LONDON: Scancell Holdings plc, the developer of novel immunotherapies for the treatment of cancer, has initiated a research programme to develop a vaccine for COVID-19. The project will be led by Professor Lindy Durrant, Chief Scientific Officer and Professor of Cancer Immunotherapy at the University of Nottingham, in collaboration with scientists in the newly established…
New Pennsylvania legislation would help pave the way for security deposit elimination
MARINA DEL REY – (BUSINESS WIRE) – LeaseLock, the only provider of a nationwide A-rated lease insurance program, announced a bill laying the groundwork for security deposit elimination in Pennsylvania has been introduced in the state’s General Assembly. Similar to Cincinnati Renter’s Choice law that recently went into effect, Pennsylvania House Bill 2427 would require…
IDEX Biometrics and Tongxin Microelectronics collaboration results in China UnionPay certification
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, announced that IDEX’s fingerprint sensor and Tongxin Microelectronics’ Co., Ltd. (TMC) secure element have been included in a biometric payment card certified by China UnionPay. This is the first biometric payment card to be certified by China UnionPay. TMC is a…
Yara International reports increased deliveries and operating income
OSLO: First-quarter net income after non-controlling interests was a negative USD 117 million (USD -0.43 per share), compared with USD 96 million (USD 0.35 per share) a year earlier, Yara International reported. The negative result includes a non- cash currency loss of USD -0.81 per share resulting mainly from a US dollar strengthening through the…
Q&M invests $3mn in Acumen Diagnostics to produce Covid-19 test kits
SINGAPORE: Q&M Dental Group (Singapore) Limited has inked a joint venture agreement with Dr Ong Siew Hwa, Ms Zeng WeiYi, and Acumen Holdings, for a 51% equity stake in JV company, Acumen Diagnostics Pte. Ltd. for a consideration of S$3.0 million. Concurrent to the JV agreement, Acumen Diagnostics will acquire part of the business of…
Biolidics Limited appoints Aytu Bioscience for exclusive distribution of COVID-19 Rapid Test Kits in USA
SINGAPORE: Biolidics Limited entered into a distribution agreement with Aytu Bioscience, Inc. to appoint Aytu as an exclusive distributor for the Company’s rapid test kits for the Novel Coronavirus 2019 (“COVID-19 Rapid Test Kits”), in the United States of America (“USA”) for a duration of one year with an option for an additional one-year term….