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SONGWON Industrial Group releases Financial Results for Q3/2017


Sales in Q3 totaled 180,832 Mil. KRW Net profit amounted to 9,473 Mil. KRW The gross profit margin is at 21.4%  Ulsan, South Korea – November 10, 2017 – SONGWON Industrial Group ( today announced its results for the third quarter of 2017. In Q3/2017, gross profit amounted to 38,621 Mil. KRW, and the Group reported sales totaling 180,832 Mil. KRW – an increase of 6.0% over Q3/2016. SONGWON achieved sales of 542,539 Mil. KRW (YTD September 2016: 532,727 Mil. KRW) in the 9 months ended September 30, 2017 and recorded a net p... Read More »

Clifford Beaumont: Regulators Warn EU to Prepare for Brexit


1888 Press Release - Clifford Beaumont - Felix Hufeld urges the European Union to prepare temporary solutions in order to transition a post-Brexit world without market distortion. According to Germany’s financial watchdogs, European Union regulators require interim solutions in order to safeguard against market distortions in the event of British-based banks facing a Brexit without a trade deal. Analysts at Clifford Beaumont believe that the UK’s departure from the EU will not be an easy transition given that numerous rounds of negotiatio... Read More »

SONGWON Industrial Group ends a good year with steady growth


Sales in 2016 totaled 694,326 Mil. KRW Gross profit was 178,049 Mil. KRW Gross profit margin widened to 25.6% EBITDA increased to 16.4% The company achieved sales revenues of 694,326 Mil. KRW and a net profit of 42,244 Mil. KRW. Within polymer stabilizers, the One Pack Systems (OPS) business was the SONGWON’s growth leader in 2016, with its world-class OPS facility in Abu Dhabi coming onstream in January and the new JV OPS plant in Qingdao, China successfully commissioned in November. Sales in plasticizers and tin intermediates also so... Read More »

Aspen Institute Launches Intense Investigations Into Emerging Threats To The Financial Security Of American Families


"EPIC's investigations will focus intensely on emerging issues that pose a significant threat to family financial well-being – issues that we as a society have yet to address," said Ida Rademacher, executive director of the Aspen Institute Financial Security Program that launched the project. "Through the convening power of the Aspen Institute, we will spotlight thought leaders who offer policymakers and industry innovators unorthodox solutions and new ways of understanding. Our process will elevate high quality research to expand visibility an... Read More »

Songwon Industrial Group announces Financial Results for Q1/2016


Sales in Q1 totaled 183,074 Mil. KRW Gross profit increased over 2015 to 51,185 Mil. KRW The gross profit margin is at 28.0% Songwon had a promising start to 2016. With business remaining in line with its ambitious expectations, the company saw volumes sold exceeding those sold in Q1/2015. Strong customer demand, raw material and selling price stability, combined with smoothly operating production sites enabled Songwon to achieve acceptable margin results during the first three months of the year. During Q1/2016, EBITDA and EBIT margins ... Read More »

PSI Research’s Sean McLeod Speaks On Current Affairs Documentary


When speaking for a recent current affairs documentary, here's what Sean McLeod, Global Head of Trading at long established Singaporean company PSI Research had to say on the current European Economic outlook from an European Investors perspective. "Economic growth in Europe is expected to remain modest as key trading partners' performance has slowed and some of the so far supportive factors start to wane. As a result, GDP in the euro area is forecast to continue growing at modest rates over the 2015-2017 period," began Mr McLeod. "Econom... Read More »

Eltek to Report First Quarter 2016 Financial Results on May 18, 2016


On Wednesday, May 18, 2016 at 9:30 a.m. Eastern Time, Eltek will conduct a conference call to discuss the results. The call will feature remarks by Yitzhak Nissan, Chairman of the Board of Directors and Chief Executive Officer, Roberto Tulman, Deputy CEO and Chief Technology Officer, and Amnon Shemer, Chief Financial Officer. A replay of the call will be available through the Investor Info section on Eltek's corporate website at approximately 24 hours after the conference call is completed and will be archived for 30 ... Read More »

Adidas group increases 2016 financial outlook


Group revenues increased 22% on a currency-neutral basis and 17% in euro terms to € 4.8 billion. As a result of a higher gross margin as well as operating expense leverage, Group operating profit increased 35% to € 490 million in the first quarter of 2016 (2015: € 363 million excluding goodwill impairment losses). Consequently, net income from continuing operations increased 38% to € 350 million (2015: € 255 million excluding goodwill impairment losses). Basic earnings per share from continuing and discontinued operations amounted to € 1.75 in ... Read More »

Moje ING: it stands for easy financial planning


Intuitive and attractively designed, Moje ING offers customers a simple overview of their finances, and access to an easy-to-use financial planning tool. As well, customers can do all their traditional banking tasks such as making payments and transfers. Trying it: A customer tests Moje ING at an ING office. Around 600 hours of user tests have gone into developing Poland's new omnichannel platform. Trying it: A customer tests Moje ING at an ING office. Around 600 hours of user tests have gone into developing Poland's new omnichannel platfor... Read More »

SGG Group finds new financial partner Astorg


Cobepa sells SGG to Astorg-Partners and management SGG, one of the leading independent Trust & Services providers in the Benelux, has been sold by Cobepa to Astorg-Partners (“Astorg”) and SGG’s management for an undisclosed amount. Established in 1953, and headquartered in Luxembourg, SGG is a leading independent Trust & Services provider in Luxembourg, the Netherlands and Curaçao with c.550 professionals. It offers a comprehensive range of value-added services, providing tailored solutions primarily focused on corporate and ins... Read More »

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