PARIS, FRANCE: Hoteles BESTPRICE, a boutique hotel chain listed on the EURONEXT PARIS stock market, has announced its best year in history, with a net revenue of €5.46 million in 2023, a 29% increase from the previous year. The company also achieved an operating profit of €2.1 million, a 35% increase from 2022. The hotel…
Tag: Growth
Summerset Group posts record profit and growth despite challenges
SYDNEY: Summerset Group Holdings Limited, a leading retirement village operator in New Zealand and Australia, announced a record underlying profit of NZ$190.3 million for 2023, up 11.0% from 2022. The company also reported its second highest ever net profit after tax of NZ$436.3 million. Summerset Chief Executive Scott Scoullar said the company had a very…
Union Properties posts record net profit of AED 811 million in 2023
DUBAI: Union Properties PJSC (UPP) announced its preliminary financial results for the fiscal year 2023, registering a record net profit of AED 811 million, up by 2607% from 2022. The company’s operating profit also grew by 60%, reaching AED 508 million. The company attributed its exceptional performance to its strategic approach, market position, and diversified…
KONGSBERG reports record-high order backlog and doubles dividend
KONGSBERG, a leading technology group in Norway, announced its financial results for 2023, showing strong growth, profitability, and order intake. The company also proposed a dividend of NOK 14 per share, which is almost double from last year. The company’s order intake for 2023 was NOK 65.4 billion, corresponding to a book/bill ratio of 1.61….
Pandora shines with 8% growth in 2023, aims for higher in 2024
LONDON, UK: Pandora, the world’s largest jewellery maker, reported an impressive 8% organic growth in 2023, beating its own guidance of 5-6%. The company attributed its success to its Phoenix strategy, which has transformed Pandora into a more sustainable, innovative and profitable brand. The Phoenix strategy, launched in 2021, involved investing in product development, marketing,…
Sanofi reports strong sales and earnings growth in 2023, driven by new products and pipeline
PARIS, FRANCE: Sanofi, a global leader in healthcare, announced today its financial results for the year 2023, showing a 5.3% increase in sales and a 5.4% increase in business earnings per share (EPS) at constant exchange rates (CER). The company attributed its solid performance to the successful launches and growth of its specialty care products,…
The Roofing Industry Continues to Grow for These 4 Reasons
The construction industry, in general, has been seeing a boom in the past few years but the roofing industry, in particular, has seen a lot of positive changes. Roofing is a basic need for every kind of residential or commercial building so the changes in the roofing industry are a good indicator of the overall…
Anexo increases in debt facilities to fund growth
LONDON, UK: Anexo Group has increased debt facilities following discussions with its two major lenders to fund growth in its credit hire and legal services divisions. In total these facilities will provide additional financing of £16.0 million across the year. Credit Hire Division Direct Accident Management Limited (DAMS) and Professional and Legal Services Limited (PALS),…
How Renewable Energy Affect Global Economy
Customers and companies are looking for more cost-effective ways to ramp up renewable electricity generation from wind, solar and hydropower, deploy electric vehicles, charging stations, electrify buildings, and reduce methane from natural gas—a transformation that comes with significant benefits to global energy and the global economy. Still, with these benefits in mind Dr. Joe Nyangon, a…
NAB to acquire 86 400 Holdings to accelerate UBank growth
LONDON: National Australia Bank Limited (NAB) has entered into a scheme implementation agreement to acquire 100% of the shares in 86 400 Holdings Ltd, the holding company of Australian neobank, 86 400. Founded by Cuscal Ltd and led by CEO Robert Bell, 86 400 has built and launched a mobile-led digital bank and was granted…
NYMBUS appoints Jeffery Kendall as new Chief Executive Officer
MIAMI: NYMBUS has appointed Jeffery Kendall to serve as the company’s Chief Executive Officer, effective October 1, 2020. Kendall succeeds the company’s founder, Scott Killoh, who will continue to serve as Executive Chairman of the Board and trusted advisor to the management team. Kendall is an experienced leader in the digital technology space, bringing a…
Sezzle launches A$86.3 million capital raise to accelerate growth strategy
SYDNEY: Sezzle Inc. announced a capital raising of approximately A$86.3million (US$60.0million) to accelerate its growth strategy and strengthen its balance sheet. The Capital Raising includes a fully underwritten institutional placement to raise A$79.1 million (US$55 million), followed by a non-underwritten Security Purchase Plan (SPP) that aims to raise approximately A$7.2 million (US$5 million). Priorities for…