Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘financial results’

Virtusa Announces Date of First Quarter 2019 Financial Results

Posted by fidest press agency su domenica, 29 luglio 2018

Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital engineering and IT outsourcing services that accelerate business outcomes for its clients, today announced that it will report its fiscal first quarter 2019 financial results for the three months ended June 30, 2018 after the U.S. financial markets close on Wednesday, August 8, 2018.
In conjunction with this announcement, Virtusa will host a conference call on Wednesday, August 8, 2018 at 5:00 p.m. A live webcast of this conference call will be available on the “Investors” page of the Company’s website (www.virtusa.com), and a replay will be archived on the website as well.
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of Digital Business Transformation, Digital Engineering, and Information Technology (IT) outsourcing services that accelerate our clients’ journey to their Digital Future. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Telecommunications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

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AXIS Capital to Release Second Quarter Financial Results on July 25, 2018

Posted by fidest press agency su mercoledì, 4 luglio 2018

AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today announced that it expects to release financial results for the second quarter ended June 30, 2018, on Wednesday, July 25, 2018, after the close of the financial markets. Albert Benchimol, President and CEO, and Peter Vogt, Chief Financial Officer, will host an investor teleconference, including a question and answer period, on Thursday, July 26, 2018, at 9:30 a.m. EDT to discuss the second-quarter results as well as related matters.
The teleconference can be accessed by dialing 888-317-6003 (U.S. callers), or +1 412-317-6061 (international callers), and entering the passcode 7933287 approximately 10 minutes in advance of the call. A live, listen-only webcast of the call will also be available via the Investor Information section of the Company’s website at http://www.axiscapital.com. A replay of the teleconference will be available for two weeks by dialing 877-344- 7529 (U.S. callers), or +1 412-317-0088 (international callers), and entering the passcode 10121836. The webcast will be archived in the Investor Information section of the Company’s website.
AXIS Capital is a Bermuda-based global provider of specialty lines insurance and treaty reinsurance with total shareholders’ equity at March 31, 2018, of $5.3 billion and locations in Bermuda, the United States, Europe, Singapore, Middle East, Canada, and Latin America. Its operating subsidiaries have been assigned a rating of “A+” (“Strong”) by Standard & Poor’s and “A+” (“Superior”) by A.M. Best. For more information about AXIS Capital, visit our website at http://www.axiscapital.com.

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SL Green Realty Corp. to Release Second Quarter 2018 Financial Results after Market Close on July 18, 2018

Posted by fidest press agency su venerdì, 29 giugno 2018

SL Green Realty Corp. (NYSE:SLG), New York City’s largest office property owner, today announced it will release its earnings for the second quarter of 2018 on Wednesday, July 18, 2018 after market close. The Company’s executive management team, led by Marc Holliday, Chief Executive Officer, will host a conference call and audio webcast on Thursday, July 19, 2018 at 2:00 pm ET to discuss the financial results.Supplemental data will be made available when earnings are released in the Investors section of the SL Green Realty Corp. website at http://slgreen.com/ under “Financial Reports.” The live conference call will be webcast in listen-only mode in the Investors section of the SL Green Realty Corp. website at http://slgreen.com/ under “Presentations & Webcasts” and on Thomson’s StreetEvents Network. The conference may also be accessed by dialing toll-free (877)-312-8765, or international (419)-386-0002, and using conference ID 8887486.

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Synacor to Host First Quarter 2018 Financial Results

Posted by fidest press agency su venerdì, 4 Mag 2018

Synacor, Inc. (NASDAQ: SYNC), the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, device manufacturers, governments, and enterprises, today announced it will host a conference call to discuss financial results for its first quarter 2018 on Wednesday, May 9, 2018, at 5:00 p.m. Eastern Time, following the release of its quarterly financial results.
The live webcast of Synacor’s earnings conference call can be accessed here. To participate, please log in approximately 10 minutes prior to the webcast. The call may be accessed toll-free via phone at (833) 235-2655, with conference ID 4399036, or callers outside the U.S. may dial (647) 689-4151. Following completion of the call, a recorded webcast replay will be available on Synacor’s website. To listen to the telephone replay through May 16, 2018, call toll-free (800) 585-8367, or callers outside the U.S. may dial (416) 621-4642. The conference ID is 4399036.
Synacor (Nasdaq: SYNC) is the trusted technology development, multiplatform services and revenue partner for video, internet and communications providers, device manufacturers, governments, and enterprises. Synacor’s mission is to enable its customers to better engage with their consumers. Its customers use Synacor’s technology platforms and services to scale their businesses and extend their subscriber relationships. Synacor delivers managed portals, advertising solutions, email and collaboration platforms, and cloud-based identity management. http://www.synacor.com

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WNS to Release Fiscal 2018 Fourth Quarter and Full Year Financial and Operating Results

Posted by fidest press agency su martedì, 10 aprile 2018

WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) services, today announced it will release its fiscal 2018 fourth quarter and full year financial and operating results at approximately 6:00 a.m. Eastern on Thursday, April 26, 2018.
Following the release, WNS management will host a call on April 26, 2018 at 8:00 a.m. Eastern. Chief Executive Officer, Keshav Murugesh, Chief Financial Officer, Sanjay Puria and Chief Operating Officer, Ronald Gillette will review the results of the fiscal 2018 fourth quarter and full year ended March 31, 2018 on the teleconference.
WNS (Holdings) Limited (NYSE: WNS), is a leading global business process management company. WNS offers business value to 300+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics, Healthcare and Utilities. WNS delivers an entire spectrum of business process management services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. As of December 31, 2017, WNS had 35,657 professionals across 53 delivery centers worldwide including China, Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, United Kingdom and the United States. For more information, visit http://www.wns.com.

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Nexstar Media Group to Report 2018 First Quarter Financial Results

Posted by fidest press agency su sabato, 31 marzo 2018

Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2018 first quarter financial results before the market opens on Wednesday, May 9, 2018. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results.
To access the conference call, interested parties may dial 719/325-2456, conference ID 8508837 (domestic and international callers). Participants can also listen to a live webcast of the call through the “Events and Presentations” section under “Investor Relations” on Nexstar’s website at http://www.nexstar.tv. A webcast replay will be available for 90 days following the live event at http://www.nexstar.tv.
Nexstar Media Group is a leading diversified media company that leverages localism to bring new services and value to consumers and advertisers through its traditional media, digital and mobile media platforms. Nexstar owns, operates, programs or provides sales and other services to 170 television stations and related digital multicast signals reaching 100 markets or approximately 39% of all U.S. television households. Nexstar’s portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW. Nexstar’s community portal websites offer additional hyper-local content and verticals for consumers and advertisers, allowing audiences to choose where, when and how they access content while creating new revenue opportunities. For more information please visit http://www.nexstar.tv.

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Fourth quarter and full year 2017 financial results

Posted by fidest press agency su martedì, 13 marzo 2018

Cannae Holdings, Inc. (NYSE:CNNE) (“Cannae” or the “Company”) today announced that the Company will release its fourth quarter and full year 2017 financial results after the market close on Wednesday, March 14, 2018. The Company will also hold a conference call to discuss its financial results at 11:00 am (Eastern Time) on Thursday, March 15.The conference call can be accessed by dialing 1-877-407-0789 (domestic) or 1-201-689-8562 (international) and asking for the Cannae Holdings Fourth Quarter and Full Year 2017 Earnings Call. A telephonic replay will be available approximately three hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers 1-412-317-6671 and providing the access code 13677018. The telephonic replay will be available until 11:59 pm (Eastern Time) on March 22, 2018.Interested investors and other parties may also listen to a simultaneous webcast of the live call by logging onto the Investors section of the Company’s website at http://www.cannaeholdings.com. The online replay will be available on the Company’s website immediately following the call.

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Paychex, Inc. Schedules Third Quarter Fiscal 2018

Posted by fidest press agency su martedì, 13 marzo 2018

Paychex, Inc. (NASDAQ:PAYX) is scheduled to release financial results for the fiscal 2018 third quarter ended February 28, 2018 via Business Wire before the financial markets open on Monday, March 26, 2018.The Company will host a conference call at 9:30 a.m. ET on Monday, March 26, 2018 to review the results for the quarter. Participating in this call will be Martin Mucci, President and CEO, and Efrain Rivera, Senior Vice President, CFO, and Treasurer. This call will be simultaneously broadcast over the Internet.To listen to the Webcast of the conference call, access the Company’s Financial Webcasts page at http://investor.paychex.com/webcasts. Webcast participants should access this site in advance of the call to ensure their PCs are properly configured. The Webcast will be archived and available for replay for approximately one month.
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 45 years of industry expertise, Paychex serves approximately 605,000 payroll clients as of May 31, 2017, across more than 100 locations and pays one out of every 12 American private sector employees.

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Chemed To Report Fourth-Quarter 2017

Posted by fidest press agency su domenica, 14 gennaio 2018

chemed-blurCINCINNATI. Chemed Corporation (NYSE:CHE) announced that it will release financial results for the fourth quarter ended December 31, 2017, on Wednesday, February 14, 2018, following the close of trading on the New York Stock Exchange. Chemed will host a conference call and webcast at 10 a.m., ET, on Thursday, February 15, 2018, to discuss the company’s quarterly results and to provide an update on its business.The toll-free dial-in number for the conference call is 844-743-2500 for U.S. and Canadian participants and +1 661-378-9533 for international participants. The participant Conference ID is 3768588. A live webcast of the call can be accessed on Chemed’s website at http://www.chemed.com by clicking on Investor Relations Home.A taped replay of the conference call will be available beginning approximately two hours after the call’s conclusion. It can be accessed by dialing toll-free 855-859-2056 for U.S. and Canadian callers and +1 404-537-3406 for international callers and will be available for one week following the live call. The replay Conference ID is 3768588. An archived webcast will also be available at http://www.chemed.com.Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation’s largest provider of end-of-life hospice care and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.Statements in this press release or in other Chemed communications may relate to future events or Chemed’s future performance. Such statements are forward-looking statements and are based on present information Chemed has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risk and that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations. (photo: chemed-blur)

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Quidel to Hold Third Quarter 2017 Financial Results Conference Call on November 1, 2017

Posted by fidest press agency su sabato, 14 ottobre 2017

header-irOn Wednesday, November 1, 2017 following the release of results, Douglas Bryant, president and chief executive officer, and Randy Steward, chief financial officer, will host an investment community conference call beginning at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the results and answer questions. During the conference call, the company will also discuss business and financial developments and trends. The company’s statements may contain or constitute material information that has not been previously disclosed.A live webcast of the call can be accessed on the Investor Relations section of the Quidel website (http://ir.quidel.com).
Quidel Corporation serves to enhance the health and well-being of people around the globe through the development of diagnostic solutions that can lead to improved patient outcomes and provide economic benefits to the healthcare system. Marketed under the Sofia®, QuickVue®, D3® Direct Detection, Thyretain®, Triage® and InflammaDry® leading brand names, as well as under the new Solana®, AmpliVue® and Lyra® molecular diagnostic brands, Quidel’s products aid in the detection and diagnosis of many critical diseases and conditions, including, among others, influenza, respiratory syncytial virus, Strep A, herpes, pregnancy, thyroid disease and fecal occult blood. Quidel’s recently acquired Triage® system of tests comprises a comprehensive test menu that provides rapid, cost-effective treatment decisions at the point-of-care (POC), offering a diverse immunoassay menu in a variety of tests to provide you with diagnostic answers for quantitative BNP, CK-MB, d-dimer, myoglobin, troponin I and qualitative TOX Drug Screen. Quidel’s research and development engine is also developing a continuum of diagnostic solutions from advanced immunoassay to molecular diagnostic tests to further improve the quality of healthcare in physicians’ offices and hospital and reference laboratories. For more information about Quidel’s comprehensive product portfolio, visit quidel.com.

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Ladenburg Reports Second Quarter 2017 Financial Results

Posted by fidest press agency su sabato, 12 agosto 2017

miamiMiami. Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA) announced financial results for the three and six months ended June 30, 2017.Dr. Phillip Frost, Chairman of Ladenburg, said, “The second quarter of 2017 was another strong quarter for Ladenburg, with revenues of $311.5 million increasing by 15.5% from the prior year, while adjusted EBITDA increased during the quarter by 25.2% to $13.2 million. We remain encouraged by the impact improving market conditions and higher interest rates are having on both our independent advisory and brokerage and capital markets businesses. We believe these factors, combined with high levels of recruiting, position us well for continued growth and success in the second half of the year and beyond. We are tremendously proud of our nationwide network of approximately 4,000 independent advisors, which provides clients with high quality, trustworthy services.”Richard Lampen, President and Chief Executive Officer of Ladenburg, said, “Ladenburg continues to strengthen its position as a leader in the independent advisory and brokerage business. We believe this business remains one of the fastest growing segments of the financial services industry, as our financial advisors provide needed independent advice, financial planning and investment solutions to the mass affluent segment of ‘Main Street America’. This is reflected in year-over-year growth at June 30, 2017 of 15.9% in total client assets to $147.9 billion and 20.5% in advisory assets under management to $63.4 billion, both record amounts. We are focused on improving margins through driving increased recurring revenues and shared services, and managing all of our operating segments efficiently. Ladenburg remains committed to generating strong returns and driving sustainable growth, and our announcement today that we are initiating a quarterly dividend on our common stock reflects our long-term commitment to delivering value for our shareholders.”

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Renewed efforts needed to help protect girls from violence

Posted by fidest press agency su sabato, 14 febbraio 2015

gender violenceOne in three women have experienced physical or sexual violence by an adult in childhood, according to the results of FRA’s survey on violence against women published last March. This translates to roughly 61 million women in the EU. Such levels of abuse underline the need for the EU to renew their efforts to address the widespread and under-reported abuse that girls are exposed to.
“Throughout the EU many girls have been physically or sexually abused,” said FRA Director Morten Kjaerum on V-Day, in support of the global movement to end violence against women and girls. “This is unacceptable. The EU and Member States need to make sure girls are protected and cycles of abuse are stopped. This means targeting polices, legislation and programmes to reach those girls most at risk to end their suffering.”FRA’s survey on violence against women revealed the extent and nature of abuse against women and girls across the EU. The results were based on face-to-face interviews with 42,000 women in the 28 EU Member States. They provide reliable and comparable data on childhood experiences of violence.As with other areas of FRA research, the results point to widespread under-reporting as the scale of the abuse does not match the number of incidents reported to the authorities. To address this, specialist support systems, with adequate resources, are therefore crucial, as FRA’s recent report on victim support services across the EU also highlighted. Such measures will increase trust in the authorities and help young girls report instances of abuse. This in turn will help improve their access to justice.The needs of girls who are child victims of domestic violence and sexual abuse should also be better addressed during judicial proceedings. In spring this year, FRA will publish a comparative report on child participation in judicial proceedings which draws on examples of cases of domestic violence and sexual abuse. The preliminary findings highlight the importance of ensuring the child’s right to be heard and to receive information. For this, specific measures and training are required to help professionals better understand and cater to the needs of child victims, in line with the EU’s Victims’ Directive and the Council of Europe’s guidelines on child-friendly justice. For example, training lawyers or court workers to adequately inform and interview girls who have suffered abuse, or ensuring that girl victims of sexual violence are interviewed, whenever possible, by female professionals.From the scale of abuse revealed by FRA’s survey, it is clear that girls and young women need better protection. To help, FRA’s research points to some ways that should significantly alleviate the suffering of the many abused girls across Europe. These include dedicated support services and trained professionals, such as police, social workers, lawyers, prosecutors and judges, who can help girls seek justice.

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The “petite montre à répétition quarts, échappment libre à levées naturelles”

Posted by fidest press agency su mercoledì, 12 novembre 2014

PETITE MONTRESabine Kegel, Head of Sale, commented: “Following the Patek Philippe 175 sale which fetched nearly SFr.20M, the watch team is very pleased to have realised a grand total of SFr.34M in 24 hours. In a broad, healthy and ever growing market, where buyers demand expertise and scholarship, we offered once again the finest selection of watches and wristwatches. Today’s auction was led by the Reference 5016/1 by Patek Philippe, another famous model of the 175 years old manufacturer which fetched SFr.713,000. Throughout the day, over 600 watch connoisseurs registered to become the new owners of one of these exceptional watches. The team was especially proud of the result achieved for the Breguet No.1135 which sold for SFr.605,000, three times its presale estimate to The Breguet Museum. Today’s results show the depth and the strength of the watch market demonstrating great consistency at all levels in terms of watches, prices and clients.”

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El Al Israel Airlines: Financial results

Posted by fidest press agency su mercoledì, 30 marzo 2011

New York, NY – EL AL Israel Airlines, the national airline of Israel, announced successful annual financial results for 2010 as well as for the fourth quarter of the year.  In addition, EL AL President & CEO Eleyzer Shkedy informed the Board of Directors that he would contribute 50% of his 2010 annual bonus to an “Excellence and Employees Fund” that would be awarded to EL AL employees worldwide. The annual net profit for EL AL in 2010 is $57.1 million, as compared to a loss of $76.3 million in the parallel period of 2009. Gross profits for the year resulted in an increase of 83% to $387.7 million over 2009. The company’s overall revenue in 2010 totaled $1.97 billion as compared to $1.65 billion in 2009, a significant increase of 19%.  Cash flow from regular activities in 2010 totaled $203.3 million (a remarkable jump of 807%) from $22.4 million in 2009. And, at the end of 2010, the shareholders’ equity doubled to $249 million, as compared to $124 million on December 31, 2009. The net profit for the last quarter of 2010 was $16.3 million as compared to a $29 million loss in the same period of the previous year. There were a number of notable accomplishments by the airline in 2010 as well as contributions made by the USA branch.
• EL AL assisted with several humanitarian missions after the devastating earthquake took place in Haiti by bringing plane loads of emergency supplies, dozens of medical personnel as well as search and rescue teams to aid victims.
• EL AL and Jewish National Fund (JNF) announced another humanitarian project to replant trees in the Carmel Mountains following the horrendous fires in the northern part of Israel.
• As a result of the volcanic cloud crisis throughout Europe, EL AL arranged dozens of extra flights, thereby airlifting thousands of Israelis to return home on time for the Day of Remembrance and Independence Day.
• The airline made efforts to renew its fleet for the long-term and added the first 747-400 cargo aircraft. Additionally, the airline purchased a 747-400 passenger aircraft which will soon be added to the fleet and utilized on the USA/Israel route. Lease agreements for five additional aircraft were also signed in 2010.
• EL AL entered into a partnership with JetBlue Airways, resulting in more convenient and  appealing fares for passengers living in or near 35 U.S.A. cities. This is in addition to the existing codeshare agreement with American Airlines. Cooperation agreements with other carriers were also finalized.
• EL AL was honored as the “Best Airline for Security” in 2010 by readers of Global Traveler Magazine.
• In the USA, EL AL opened a liaison office to the Christian community , offering a staff which provides expertise on group travel to the Holy Land, the best possible service and attractive fares.
• EL AL launched nonstop flights between Ben Gurion Airport and the southern beach resort of Eilat.www.elal.com,  More information can also be found on EL AL’s blog, Skywords with EL AL, as well as on Facebook (EL AL Israel Airlines USA) and Twitter (@ELALUSA).Celebrating more than 60 years of service, EL AL, Israel’s national airline, offers the most nonstop flights between New York (JFK/Newark) and Israel as well as the only nonstop service from Los Angeles.  Worldwide, EL AL flies to more than 40 destinations from Israel and serves dozens of other destinations throughout the world (including the USA) via partnerships with many other leading carriers. Only EL AL has first class service on nonstop flights between the U.S.A. and Israel. The airline has annual revenues of about $2 billion and carries 3.6 million passengers every year.

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Bombardier reported financial results

Posted by fidest press agency su venerdì, 4 settembre 2009

Bombardier reported financial results for the second quarter of fiscal year 2010. Revenues totalled $4.9 billion, the same as the corresponding period last fiscal year. Earnings before financing income, financing expense and income taxes (EBIT) totalled $313 million, compared to $371 million last fiscal year. EBIT margin reached 6.3% versus last year’s 7.5%. Net income for the second quarter ended July 31, 2009 amounted to $202 million, compared to $259 million for the same period last fiscal year. Diluted earnings per share (EPS) reached $0.11, compared to $0.14 last fiscal year. Free cash flow (cash flows from operating activities less net additions to property, plant and equipment and intangible assets) totalled $18 million for the second quarter ended July 31, 2009, compared to $99 million last fiscal year. The cash position amounted to $2.8 billion as at J uly 31, 2009, compared to $3.5 billion as at January 31, 2009. The overall backlog stands at $47.5 billion, as at July 31, 2009, compared to $48.2 billion as at January 31, 2009. On September 1, 2009, Bombardier’s Board of Directors approved a $500-million two-year unsecured revolving credit facility with a syndicate of commercial banks and other institutions, arranged by National Bank Financial Inc. This facility will be available for the general working capital needs of the Corporation.
Bombardier Aerospace’s revenues totalled $2.4 billion compared to $2.5 billion last fiscal year. EBIT reached $154 million translating into an EBIT margin of 6.4% for the second quarter ended July 31, 2009, compared to $243 million, or 9.7%, last fiscal year. Free cash flow usage totalled $10 million versus a free cash flow of $100 million for the same period last fiscal year. The level of free cash flow in the second quarter ended July 31, 2009 represents a $520-million improvement over the first quarter of the current fiscal year. Bom bardier Aerospace’s backlog totalled $19.6 billion as at July 31, 2009, compared to $23.5 billion as at January 31, 2009. During the second quarter, business aircraft cancellations continued to exceed the level of new orders. However, there are some signs of stabilization in the business aircraft industry, though historically, a lag exists between economic recovery and its positive impact on revenues. According to the latest General Aviation Manufacturers Association (GAMA) report, Bombardier Aerospace remains the leader in business aircraft both in terms of revenues and units delivered. In the commercial aircraft division, lower passenger traffic and airline profitability remain a concern, affecting the level of new orders for regional jets. Deliveries for the quarter increased to 28 aircraft compared to 23 for the same period last year. Bombardier Aerospace received orders for 15 Q400/Q400 NextGen turboprops, compared to nine for the corresponding period last year.
Bombardier Transportation revenues reached $2.5 billion for the second quarter ended July 31, 2009, an increase of $131 million over the same period last fiscal year, despite a negative currency impact of $306 million. EBIT totalled $159 million, compared to $128 million last fiscal year, while EBIT margin reached 6.2% versus 5.3% last fiscal year. Free cash flow amounted to $149 million for the second quarter ended July 31, 2009, compared to $105 million for the same period last fiscal year. The order backlog stood at $27.9 billion as at July 31, 2009, compared to $24.7 billion as at January 31, 2009.

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Financial results of the first quarter of 2009

Posted by fidest press agency su lunedì, 13 aprile 2009

Saudi Arabia, PRNewswire Al Rajhi Bank CEO, Mr. Abdullah Sulaiman Al Rajhi announced the financial results of the first quarter of 2009 where the Bank achieved SR 1,732 million in net profits compared to last year’s net profits which were at SR 1,424 representing an increase of 21.6%.Al Rajhi noted that the Bank continued developing its financial and investment resources where first quarter profits this year increased by 8.1% compared to the first quarter of 2008. Net income for investments in the first quarter reached SR 2,284 million compared to SR 2,030 during the same period last year representing an increase of 12.5%. Revenues for financial services during the same quarter reached SR 456 million and the total operational income jumped to SR 2,740 million compared to SR 2,485 during the same period last year representing an increase of 10.3%. Al Rajhi indicted that the Bank reinforced its financial position increasing shareholder rights to reach 26 billion compared to 24 billion last year, an increase of 6.6%. Total assets increased to SR 162 billion compared to SR 143 billion an increase of 13.4%. Customer deposits reached SR 120 billion compared to SR 101 billion an increase of 18.2%. The Bank achieved a return on assets of 4.2% while the return on shareholder rights reached 26.3%. Profits per share reached SR 1.15 compared to SR 1.07 last year. Al Rajhi Bank CEO attributed the increase in profits due to the diversification of the financing and investment portfolio especially for corporate customers which in return led to the increase in revenues by 12.5%during the first quarter.

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