LONDON, UK: Anglo American Platinum, the world’s largest platinum producer, announced its annual results for 2023 on Monday, showing a sharp decline in earnings and profitability due to lower prices for platinum group metals (PGMs) and higher costs. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) dropped by 67% to R24 billion, compared…
KEFI Gold and Copper announces third VMS deposit discovery in Saudi Arabia
LONDON, UK: KEFI Gold and Copper Plc (AIM: KEFI), the gold and copper exploration and development company with a first-mover advantage in Saudi Arabia, has announced the discovery of a third Volcanogenic Massive Sulphide (VMS) deposit in the Hawiah district of Saudi Arabia. The new deposit, named Abu Salal, is located 50km south of the…
OGDCL announces major gas-condensate discovery in Sindh
LONDON: The Oil and Gas Development Company Limited (OGDCL), the largest exploration and production company in Pakistan, has made a significant discovery of gas-condensate in the Khewari Block, located in District Khairpur, Sindh Province. According to a company announcement to London Stock Exchange, the discovery was made at the Kharo-1 well, which was drilled to…
Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
LONDON, UK: Bank of Georgia Group PLC (BOGG), a leading banking and investment group in Georgia, announced on Monday that it has agreed to acquire 100% of Ameriabank CJSC, a leading universal bank in Armenia, for approximately $303.6 million in cash. The acquisition, which is subject to shareholder and regulatory approvals, will significantly enhance the…
Keybridge Capital offers to acquire Yowie Group for a$6.8 million in cash
SYDNEY, AUSTRALIA: Keybridge Capital Limited has launched a takeover bid for Yowie Group Limited, a company that produces chocolate products with collectible toys inside. Keybridge is offering AUD 3.4 cents cash per share, which values Yowie at about AUD 6.8 million. The offer price represents a premium of 9.68% to the one month average price…
Motorola Solutions and Google Cloud team up to boost safety and security technologies
Motorola Solutions (NYSE: MSI) and Google Cloud have announced a long-term partnership to develop cloud-based solutions for Motorola Solutions’ safety and security products. The collaboration will focus on enhancing assistive intelligence, video content delivery, mapping and AI capabilities to address real-world safety challenges. Motorola Solutions’ chief technology officer Mahesh Saptharishi said the partnership will make…
Victor Group acquires 25% stake in LIT Technology for $2.0 million
SYDNEY, AUSTRALIA: Victor Group Holdings Ltd (ASX: VIG), a leading provider of cloud-based education solutions in China, has announced its strategic investment in LIT Technology Pty Ltd, an innovative fintech company with a strong presence in Vietnam. The deal, valued at AUD2,000,000.00, will be completed through the issuance of 80,000,000 shares at an issues price…
Freightways reports 12.4% revenue growth in HY24 despite challenges
SYDNEY, AUSTRALIA: Freightways, a leading express package and business mail operator in New Zealand and Australia, announced its half-year results for the period ended 31 December 2023, showing a 12.4% increase in revenue and a stable dividend policy. The company’s revenue rose to $421.5 million, driven by growth across both its express package and business…
Reliance Worldwide faces headwinds in FY24 amid challenging market conditions
SYDNEY, AUSTRALIA: Reliance Worldwide Corporation (RWC), a global leader in plumbing and heating products, has released its guidance for the financial year 2024 (FY24), indicating a decline in revenues and operating margins due to lower demand and cost pressures. RWC said that its exposure to the repair and maintenance sector, which is less cyclical than…
A3Logics acquires KeyStride Digital to boost its technology solutions
A3Logics, a Product engineering and software technology consulting company, has announced its acquisition of KeyStride Digital, a Bangalore-based company known for its cutting-edge expertise in Enterprise Software Development and Deep Tech. The deal is expected to enhance A3Logics’ technological capabilities and expand its service offerings across various sectors. KeyStride Digital has been providing innovative solutions…
Synerion acquires Rosslare’s global access control business
Synerion, a global leader in cloud workforce management software, has announced the acquisition of Rosslare’s global business operations, which provide advanced access control security solutions to clients worldwide. The deal, which was finalized on February 15, 2024, will expand Synerion’s product portfolio and market presence, especially in North America, where Rosslare has over 100 distributors…
Dr. Sulaiman Al Habib Medical Services Group reports 23.94% net income growth in 2023
Dr. Sulaiman Al Habib Medical Services Group (HMG), one of the largest private healthcare providers in the Middle East, announced its annual financial results for the year 2023, showing strong performance across its hospital and pharmacy segments. According to the group’s financial statement, HMG’s revenues for the year 2023 reached SAR 9,508.44 million, an increase…