JAKARTA -PT Sri Rejeki Isman Tbk (SRIL) will place over 50% of its total assets and equity as a security to creditors in regard to the homologated decision of peace agreement ordered by the Commercial Court of Semarang, Central Java. This plan is said to be further decided during the Extraordinary General Meeting of Shareholders...
Graha Layar Prima Tbk (BLTZ), the managing company of CGV theatre network in Indonesia, booked net profit of IDR 9.87 billion in the first half (H1) of 2024. Said number contrasted with BLTZ’s record in H1 2023, in which the company lost IDR 6.09 billion. According to the recently issued financial report, BLTZ’s profitability in...
AirSculpt Technologies, Inc. (AIRS) reported Friday a net loss for the second quarter of $3.21 million or $0.06 per share, compared to net income of $1.8 million or $0.03 per share in the prior-year quarter. Revenue for the quarter declined 8.4 percent to $51.0 million from $55.70 million in the same quarter last year. On...
Perrigo Co. plc is recalling select Premium Infant Formula with Iron Milk-Based Powder sold under CVS Health and H-E-B Baby brands at the retailer and warehouse level citing elevated Vitamin D levels than permitted, according to the U.S. Food and Drug Administration. The recall involves three lots within one batch, or 16,500 cans, of store...
Construction Partners, Inc. (ROAD) reported Friday that net income for the third quarter grew to $30.91 million or $0.59 per share from $25.68 million or $0.41 per share in the prior-year quarter. On average, seven analysts polled by Thomson Reuters expected the company to report a loss of $0.54 per share for the quarter. Analysts...
European markets are expected to start the new week on an optimistic note even amidst anxiety ahead of crucial inflation updates due from Europe, U.K and the U.S. over the course of the week. Overwhelming expectations of a Fed rate cut in September is supporting market sentiment. The unfolding geopolitical situation in the Middle East...
After a weak start and a subsequent fall to lower levels, the Indian market bounced back into positive territory Monday morning with select blue chip stocks recovering smartly and posting strong gains. The early setback was due largely to the initial reaction to Hindenburg Researchs allegations that the Indian market regulator SEBIs chairperson had stake...
Sentiment improved in Asian markets on Monday amidst an assessment that concerns about economic growth in the U.S. were overdone. Anxiety ahead of the CPI data due from the U.S. on Wednesday however limited gains. Markets in Japan are closed for a holiday. Chinas Shanghai Composite Index shed 0.14 percent to finish trading at 2,858.20....
Indian stock indexes Sensex and the Nifty50 ended marginally down on Monday as stocks faced some resistance during the final hour despite having rebounded from an early setback and stayed firm till about the penultimate hour of the session. The market started off on a weak note this morning with stocks, especially those from the...
Recouping the losses the previous session, the Australian stock market is sharply higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 7,700 level, with gains across most sectors led by gold miners and technology stocks. The benchmark S&P/ASX 200 Index is gaining 88.60...