SINGAPORE: H2G Green Limited (SGX:5AI) has outlined a new strategy to expand Singapore’s role as a liquefied natural gas (LNG) hub and accelerate the country’s transition toward net-zero emissions. Following a leadership change, newly appointed CEO Pek Hak Bin said the homegrown energy company is positioned to help meet rising demand for clean energy in…
SYDNEY: IMEXHS Limited (ASX: IME), a global provider of cloud-based medical imaging software and radiology services, outlined its strategic progress and financial outlook at its 2025 Annual General Meeting on Monday. Chairman Doug Flynn highlighted the successful launch of the company’s new AI-powered platform, Aquila+, calling it a “major step forward” for the business. The…
HANGZHOU: Alibaba Group Holding Ltd. (NYSE: BABA) announced strong financial results for the quarter and fiscal year ended March 31, 2025, with revenue growth fueled by its artificial intelligence and cloud businesses. The Chinese e-commerce and tech giant reported a 7% year-over-year revenue increase for the quarter, reaching $32.58 billion (RMB 236.45 billion). Net income surged 1,203%…
OSLO: Infront, a leading European provider of WealthTech software and market data, announced a 4% revenue increase to €133.8 million in its 2024 annual report, reflecting continued momentum in its long-term strategy. Adjusted EBITDA rose to €36.7 million, up from €30.9 million in 2023, driven by streamlined operations and product integration. Financial Highlights CEO Zlatko…
Pakistan could potentially boost its IT services exports to $10 billion in the near future, according to a recent study by the Pakistan Institute of Development Economics (PIDE). However, the study emphasizes that “strategic policy interventions are essential across short and long-term horizons to propel the IT industry into a robust era of sustainable growth…
LONDON: Tesco Plc has announced its financial results for the fiscal year 23/24, showcasing significant gains across various financial metrics. The retail giant reported group sales of £61.477 billion, marking a 7.4% increase at actual rates compared to the previous year’s £57.216 billion. This growth remained consistent at constant rates with a 7.2% rise, reflecting…
DENVER: Intermap Technologies, a renowned innovator in 3D geospatial products and intelligence solutions, has released its financial outcomes for 2023 and provided an optimistic forecast for 2024. Despite a challenging year marked by pandemic-related delays in Southeast Asia and a U.S. federal budget impasse affecting government contracts, Intermap closed 2023 with a revenue of $6.2…
LONDON, UK: Dowlais Group plc, a leading specialist engineering group in the automotive industry, has released its audited financial results for the fiscal year ending December 31, 2023. The company has reported a significant revenue increase and robust profit margins, reflecting strong performance and strategic advancements in the sector. Financial Highlights: Operational Setbacks: Earnings and…
RIYADH: Mobile Telecommunication Company Saudi Arabia (Zain KSA) announced its annual consolidated financial results for the year ending on 2023-12-31, revealing the highest revenues in its history, amounting to SAR 9.9 billion, a 8.9% growth as compared to 2022. The company attributed this increase to the growth in business-to-business (B2B), 5G, digital products, wholesale and…
Insurcomm, a provider of commercial and residential restoration services, has received a majority growth investment from Summit Partners, a global alternative investment firm. The investment will help Insurcomm expand its operations and acquire other providers who share its mission of delivering high-quality service to clients facing property loss events. Insurcomm offers a range of property…
Onelife Senior Living, a family-owned developer and operator of senior living communities, has merged with Ally Senior Living, a Texas-based operator, to form a new company that will operate in eight states across 19 properties. The deal, which closed in February 2024, will retain Onelife Senior Living name and branding, and will be led by…
AUCKLAND: Gentrack, a leading provider of software solutions for utilities and airports, announced its financial results for the year 2023, showing impressive growth in revenue, EBITDA, cash, and net profit. The company also highlighted its strategic achievements, such as launching its new g2.0 platform, winning new customers in the Middle East, Southeast Asia, and Europe,…