Latest news with #netprofit
Yahoo
12 hours ago
- Business
- Yahoo
Resolutions of the Annual General Meeting of Shareholders from 20 June 2025
The annual general meeting of shareholders of AS Trigon Property Development (registry code: 10106774; hereinafter the 'Company') was held on 20 June 2025 in Tallinn, Pärnu mnt 18. The annual general meeting started at 10:00. 2,570,164 votes represented by the shares of the Company, i.e. 57,127% of all the votes represented by the shares of the Company, participated at the meeting. Therefore, the annual general meeting was competent to pass resolutions regarding the items on the agenda. Resolutions of the annual general meeting: 1. Approval of the annual report of the Company for the financial year 2024 To approve the annual report of the Company for the financial year 2024, in accordance with which the balance sheet value of the Company as at 31 December 2024 was 1,873,680 euros and the net profit for the financial year was 167,409 euros. In favour 2,569,152 votes i.e. 99.96% of all votes in the meeting and against 1,012 votes i.e. 0,04% of all votes in the meeting. Thus the resolution was adopted. 2. Allocation of the net profit for the financial year 2024 To approve the net profit allocation proposal made by the Management Board and to carry the net profit for 2024 in the amount of 167,409 euros to accumulated profit. In favour 2,569,152 votes i.e. 99.96% of all votes in the meeting and against 1,012 votes i.e. 0,04% of all votes in the meeting. Thus the resolution was adopted. 3. Appointment of the auditor for the financial year 2025 and determining the remuneration policy for the auditor To appoint AS PricewaterhouseCoopers (registry code 10142876, address Pärnu mnt 15, 10141 Tallinn) as the auditor of the Company for the financial year 2025. The auditing services will be paid for in accordance with the contract to be drawn up with the auditor. In favour 2,569,152 votes i.e. 99.96% of all votes in the meeting and against 1,012 votes i.e. 0,04% of all votes in the meeting. Thus the resolution was adopted. 4. Remuneration of the Supervisory Board member To pay the Supervisory Board member Aivar Kempi an one-off payment in the amount of EUR 2,400 and starting from 21.06.2025 a monthly fee of EUR 200. In favour 2,569,152 votes i.e. 99.96% of all votes in the meeting and against 1,012 votes i.e. 0,04% of all votes in the meeting. Thus the resolution was adopted. The minutes of the general meeting of shareholders are available on Company's web-page, at TomingasMember of the Management Board+372 66 79 200info@
Free Malaysia Today
13-06-2025
- Automotive
- Free Malaysia Today
Bermaz Auto stung by Chinese cars, skids to 5-year low
Bermaz Auto's Q4 FY2025 net profit crashed 76.5% to RM21.2 million from RM90.2 million a year ago. (Bernama pic) PETALING JAYA : Bermaz Auto Bhd's shares tumbled to its lowest in nearly five years after its net profit for the fourth quarter ended April 30 (Q4 FY2025) crashed 76.5% to RM21.2 million from RM90.2 million a year ago. This was its lowest quarterly profit in three years as revenue dropped 43.6% to RM528.7 million from RM937.5 million. For the full year, net profit fell 55% to RM155.9 million from RM345.6 million, as revenue dropped nearly 30% to RM2.62 billion from RM3.9 billion. Bermaz, which mainly assembles Mazda and Kia vehicles, attributed the steep drop in profit largely to China-made vehicles flooding into the local market. 'The continuous influx of Chinese vehicles had also impacted the sales of other marques in the country,' it said in a bourse filing yesterday. The automotive company's poor results disappointed investors and analysts alike, leading to a plunge in its share price today. The stock fell as much as 11.3% or 11 sen to 82 sen, its lowest level since late 2020. At this price, the company has a market capitalisation of RM962 million. Since the end of 2024, Bermaz has been on a downtrend as rising popularity of Chinese car brands among Malaysians has eroded sales of its Japanese-made Mazda and Korean-made Kia vehicles. Year to date, its shares have slumped 48%, wiping out half of the company's value. Hong Leong Investment Bank downgraded the stock to 'sell', stating competition in Malaysia and the Philippines is expected to intensify with the influx of Chinese manufacturers 'offering feature-rich models at competitive prices'. Bermaz has sought to mitigate the impact of Chinese brands in the domestic market by offering Chinese marques, having secured the distribution rights to Xpeng and Deepal cars, which are mainly electric vehicles. In a note, Apex Securities said sales of XPeng vehicles, while appearing promising, have yet to contribute significantly to offset the slide in Mazda and Kia sales. The research house downgraded Bermaz to 'hold' from 'buy', highlighting the 'intense competition' in the industry and weaker sales across key locally assembled models. The outlook remains murky with Bermaz anticipating its performance to be challenging for the financial year ending April 30, 2026, its filing said. Total vehicle sales in Malaysia for the first four months dropped 5.4% to 248,730 units from 263,050 units in the same period last year, according to Malaysian Automotive Association data.
Tahawul Tech
12-06-2025
- Business
- Tahawul Tech
fiscal year Archives
Huawei has announced its unaudited financial and operational results for the first half of 2013 with the company generating revenues of $18.54 billion—an increase of 10.8 percent over the same period in 2012. Based on this robust growth and other positive business indicators, Huawei expects to generate a net profit of 7-8 percent in 2013.
CNA
05-06-2025
- Business
- CNA
Trafigura posts slight rise in first-half net profit, lower revenues
LONDON : Global commodity trading house Trafigura reported on Thursday that its net profit rose slightly on the year to about $1.52 billion in the first half of its 2025 financial year, while its revenues fell on lower average commodity prices. The unlisted company's net profit was up 3 per cent from the first half of 2024, stabilising after a sharp drop in its 2024 full-year results, when the company discovered a $1.1 billion fraud in Mongolia and as major trading houses adjusted to an end to a record earnings period over 2022-2023. The first half of its 2025 financial year, the six months to March 31, also coincided with a power transition at the Swiss-based trading house, with Richard Holtum taking over from Jeremy Weir as group CEO on January 1. It also comes as commodity players grapple with global markets thrown into turmoil this year by heightened trade and geopolitical tensions. "Increased volatility may not necessarily translate into physical trading opportunities, as current market movements are driven more by policy-focused decisions rather than traditional supply-demand disruptions, Trafigura Chief Financial Officer Stephan Jansma said, adding that he anticipated turbulence would continue in the second half of the year. Group revenues for the period fell by 4 per cent to $119.2 billion, because of lower commodity prices on average, the firm said in its results statement. Trafigura, alongside rival traders including Vitol and Gunvor, reaped lower profits in 2024 as their boom period in 2022-2023, driven by the post-pandemic recovery and commodity price shocks in the wake of Russia's invasion of Ukraine, came to an end. Trafigura's full-year net profit for 2024 was $2.8 billion, down from a record $7.4 billion in 2023. OIL AND GAS VOLUMES UP, METALS DOWN Trafigura's first-half traded oil and gas volumes were unchanged on the year at around 7.2 million barrels per day. Traded volumes of metals fell. Trafigura traded 9.9 million metric tons of non-ferrous metals, down from 10.4 million a year earlier, as it said it was focusing more on "profitable tonnages." Bulk minerals volumes fell to 43.4 million tons, from 54.7 million in the first half of 2024.
Reuters
05-06-2025
- Business
- Reuters
Trafigura posts slight rise in first-half net profit, lower revenues
LONDON, June 5 (Reuters) - Global commodity trading house Trafigura reported on Thursday that its net profit rose slightly on the year to about $1.52 billion in the first half of its 2025 financial year, while its revenues fell on lower average commodity prices. The unlisted company's net profit was up 3% from the first half of 2024, stabilising after a sharp drop in its 2024 full-year results, when the company discovered a $1.1 billion fraud in Mongolia and as major trading houses adjusted to an end to a record earnings period over 2022-2023. The first half of its 2025 financial year, the six months to March 31, also coincided with a power transition at the Swiss-based trading house, with Richard Holtum taking over from Jeremy Weir as group CEO on January 1. It also comes as commodity players grapple with global markets thrown into turmoil this year by heightened trade and geopolitical tensions. "Increased volatility may not necessarily translate into physical trading opportunities, as current market movements are driven more by policy-focused decisions rather than traditional supply-demand disruptions, Trafigura Chief Financial Officer Stephan Jansma said, adding that he anticipated turbulence would continue in the second half of the year. Group revenues for the period fell by 4% to $119.2 billion, because of lower commodity prices on average, the firm said in its results statement. Trafigura, alongside rival traders including Vitol and Gunvor, reaped lower profits in 2024 as their boom period in 2022-2023, driven by the post-pandemic recovery and commodity price shocks in the wake of Russia's invasion of Ukraine, came to an end. Trafigura's full-year net profit for 2024 was $2.8 billion, down from a record $7.4 billion in 2023. Trafigura's first-half traded oil and gas volumes were unchanged on the year at around 7.2 million barrels per day. Traded volumes of metals fell. Trafigura traded 9.9 million metric tons of non-ferrous metals, down from 10.4 million a year earlier, as it said it was focusing more on "profitable tonnages." Bulk minerals volumes fell to 43.4 million tons, from 54.7 million in the first half of 2024. Trafigura will pay dividends totalling $1.537 billion for the period, which it said were mostly in relation to share redemptions.
