LONDON: Logistics Development Group released its audited final results for the fiscal year ending on November 30, 2023. The company has reported an underlying EBIT of a loss of £12.0 million, a stark contrast to the previous year’s profit of £1.1 million. Similarly, the loss before tax stands at £10.7 million, down from a profit…
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Blue Star Capital reports significant loss amidst investment write-downs
LONDON, UK: Blue Star Capital plc (AIM: BLU), a prominent investment firm specializing in esports, technology, and related media and gaming sectors, has disclosed its annual financial results for the year concluding on September 30, 2023. The company reported a substantial pretax loss of £6,329,473, a stark increase from the previous year’s £1,301,008. The considerable…
ABN AMRO nominates Lars Kramer as new Chief Financial Officer
AMSTERDAM: The Supervisory Board announces today that it intends to appoint Lars Kramer as a member of the Executive Board and Chief Financial Officer of ABN AMRO. The nomination is subject to the approval of the European Central Bank (ECB). Until the appointment of Mr Kramer becomes effective, and after Clifford Abrahams steps down on…
Arabtec Holding posts a loss of AED 774 million in 2019
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announces its financial results for 12 months ended 31st December 2019. Arabtec reported a net loss to parent of AED 774 million in 2019, which was attributable to the construction business (Arabtec Construction). Other core businesses including Target (Industrial), Arabtec Engineering Services (Infrastructure)…
U.S. life/annuity insurance industry posts $23 billion net income loss in first-quarter 2020
OLDWICK: The U.S. life/annuity (L/A) industry posted a $23.1 billion net income loss in the first quarter of 2020, driven mainly by a 51% increase in expenses over the same prior-year period. These preliminary financial results are detailed in a new Best’s Special Report, titled, “First Look – Three Month 2020 Life/Annuity Financial Results,” and…