Sunday, 29 May 2022

Teekay Corp. Q1 Adjusted EBITDA Declines – Quick Facts

Hargreaves Lansdown 4-month Revenue In Line With Its Expectations – Quick Facts

Hargreaves Lansdown plc (HL.L) reported revenue of 196.5 million pounds for the four months ended 30 April 2022 compared to 233.2 million pounds, prior year. Net new business was 2.5 billion pounds in the period, closing Assets under administration of 132.3 billion pounds.

For the year to date period, client growth was at 90,000, in line with pre-Covid levels excluding direct book acquisitions. Client retention was at 92.4%, and has remained broadly constant throughout the year, the Group said.

Looking forward, Hargreaves Lansdown plc reiterated its fiscal 2022 guidance whilst raising revenue margin on cash to 30-35bps.

Jimmy Kimmel: Today Is ‘a Stupefying Day in the History of This Country’

“Chuck Schumer said he called for the vote so we would know where Republicans stand. Turns out, they’re standing in the year 1865,” Kimmel said.

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By Trish Bendix

Kirin Holdings 3-month Profit Rises; Revenue Up 1.8% – Quick Facts

Kirin Holdings Co. Ltd. (KNBWF.PK,KNBWY.PK) reported profit to owners of company of 17.39 billion yen for the three months ended March 31, 2021, an increase of 2.5% from last year. Earnings per share was 20.86 yen compared to 20.35 yen, last year. Revenue was 416.74 billion yen, up 1.8%.

For the current fiscal year ending December 31, 2022, the company expects: basic earnings per share of 137.36 yen; profit to owners of company of 114.5 billion yen; and revenue of 1.95 trillion yen.

Unbound Group Says Hotter Shoes Logs Double-digit Rise In Q1 Sales

Unbound Group Plc (UBG.L), a British multi-brand retail platform, said in a trading update on Wednesday that its core business, Hotter Shoes has posted a strong performance for the first quarter by registering a double-digit rise in revenue against the same period last year as well as an improvement in gross margin.

Ian Watson, CEO, said: “…The development of the Unbound Group platform is gathering pace and we have secured a number of exciting launch partner brands within footwear and apparel. We are engaged in positive discussions with a number of additional potential partners that will further develop our footwear and apparel offer and launch our wellness proposition, to be followed by other target categories in phased implementations…”

In addition, the Group has reiterated its guidance for the full year, ending on February 4, 2023.

Nikon Corp. Swings To Profit In FY22

Nikon Corporation (NINOF.PK,NINOY.PK), a Japanese optics and imaging devices major, on Thursday reported a turnaround to profit for the fiscal 2022, amidst a rise in sales.

For the 12-month period to March 31, the Japanese company reported a profit of 42.679 billion yen or 115.58 yen per share, compared with a loss of 34.497 billion yen or 93.96 yen per share, reported for the fiscal 2021.

Pre-tax income was at 57.096 billion yen versus a loss 45.342 billion yen of the previous fiscal.

The Tokyo-headquartered company posted an operating profit of 49.934 billion yen, compared with a loss of 56.241 billion yen, reported for the 12-month period to March 2021.

The Group’s comprehensive income rose to 70.646 billion yen as against 4.168 billion yen, on year-on-year basis.

For the year ended March 31, the year-end dividend is 20 yen per share, and the full year dividend will be 40 yen per share, which also includes an interim dividend of 20 yen per share.

For the full year, Nikon generated a revenue of 539.612 billion yen, higher than 451.223 billion yen of previous fiscal.

Looking ahead, for the fiscal 2023, Nikon expects a profit of 38.000 billion yen with basic earnings per share of 103.47 yen on sales of 620.000 billion yen.

For full year, the Group forecasts a dividend of 40 yen per share, including an interim dividend of 20 yen per share.

States Where the Most People Are Vaccinated

The omicron variant pushed new daily cases of COVID-19 to all-time highs in the United States and underscored the urgency of the national vaccination effort. So far, an estimated 220,287,778 Americans have been fully vaccinated, or 67.3% of the population.

Some states are proving more effective than others in getting their residents vaccinated. Depending on the state, the share of the population that has been fully vaccinated ranges from as low as 51.0% all the way up to 82.9%.

Due in large part to vaccine hesitancy and resistance, millions of doses are currently sitting idle under the purview of state governments, yet to be administered. As of May 10, only about 79.1% of the 733,497,200 doses of the vaccine that have been distributed to the 50 states and Washington D.C. have been administered. In one state, only 64.6% of delivered doses have gone into the arms of residents.

Meanwhile, the virus continues to spread. In total, there have been 24,777 known infections for every 100,000 people nationwide.

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Teekay Corp. Q1 Adjusted EBITDA Declines – Quick Facts

Teekay Corp. (TK) reported first-quarter adjusted loss per share of $0.01 compared to profit of $0.11, last year. Total adjusted EBITDA declined to $41.77 million from $202.43 million.

Net income attributable to the shareholders was $0.9 million compared to $29.95 million, prior year. Earnings per share was $0.01 compared to $0.30. Revenues increased to $212.72 million from $184.48 million, previous year.

“Our financial results for the first quarter of 2022 were lower compared to the prior quarter, primarily reflecting the sale and the resulting deconsolidation of Teekay LNG in mid-January 2022, including certain transaction and restructuring costs, partially offset by higher spot tanker rates and the extinguishment of substantially all of Teekay Parent’s debt,” said Kenneth Hvid, CEO.

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