Finance & Loan News
Crypto Beats Gold as an Investment Everytime Announces R100K
R100K, the innovative crypto investment platform designed to maximize profits through Bitcoin when it reaches $100,000, highlights the consistent outperformance of cryptocurrency compared to traditional assets like gold. “We are proud to announce that R100K has consistently and demonstrably outperformed gold. Even in the current marketwide dip, our platform’s growth stands at 119%, while gold has only grown by 21.15% since last August,” says Martin Lunger, CEO at R100K. R100K is currently accepting new members at: https://r100k.com/ R100K achieves these promising results through its state-of-the-art crypto rebalancing strategy. It utilizes a human-in-the-loop AI trading bot to identify high-potential altcoins and strategically reallocate resources to maximize gains. This approach ensures alignment with Bitcoin trends while excelling in bull markets, all without the risks associated with leverage. Historical data analysis of gold vs. bitcoin ’s (the original crypto) performance paints a fascinating picture. While gold exhibits a trajectory of modest but consistent growth (averaging around 3-5% annually over the past decade), Bitcoin has shown the potential for explosive returns. Even though gold prices have risen over time in the past, they have not consistently kept pace with inflation. For instance, an ounce of gold purchased in 1970 for $35 would be worth roughly $1,800 today due to inflation. That is certainly a disappointing decrease in purchasing power. On the flip side, Bitcoin has enjoyed staggering growth in its price since its 2009 launch, with some analysts placing its annual return at over 100% during its early years. This is despite the fact that Bitcoin, like other crypto, does experience price swings. For example, in 2017, Bitcoin's price skyrocketed to nearly $20,000 before plummeting to around $3,000 in 2018. Despite this risk, Bitcoin’s long-term performance is undeniably positive. In April 2013, Bitcoin traded at around $100. As of May 8, 2024, its price sits at almost $62,000. This represents a staggering 62,000% increase in value over eleven years. Moreover, crypto analysts predict an even better future for Bitcoin, with some expecting BTC to reach a new ATH by the end of this year. Martin further said, “At R100K, we firmly believe that Bitcoin's valuation reaching $100,000 is an inevitable event, and it truly is digital gold and the key to unlocking future gains. Our mission is to provide a unique opportunity for investors to capitalize significantly on this impending event.” About R100K R100K is a unique digital investment platform for Bitcoin enthusiasts. This Bitcoin community invites investors who want to get a big payday when Bitcoin value crosses $100,000. Using a human-in-the-loop AI and a robust rebalancing strategy designed to keep each investor’s money safe from unnecessary risk, R100K has developed a blueprint to maximize profits for Bitcoin HODLers. For more information, interested investors can join R100K at www.r100k.com .
FXIFY™ Grows 15,400+ Trees in Tanzania to Support Local Communities for Earth Day
FINQ’s Revolutionary AI Platform Shatters Traditional Investment Boundaries, Giving Financial Freedom Back to the People
Debt Expert Scott Nelson Unveils New YouTube Channel to Share Industry Secrets and Legal Loopholes
- May 15, 2024Finance & Loan
Crux Commercial Partners Welcomes Kalvyn McDaniel as New Mortgage Broker
Crux Commercial Partners, a leading name in commercial real estate finance, proudly announces Kalvyn McDaniel's addition to their team as a mortgage broker. With an impressive background blending academic excellence and industry experience, McDaniel brings a fresh perspective and experience from a national company. Kalvyn McDaniel, a distinguished graduate from the USC Marshall School of Business, specializes in construction, acquisition, and refinancing, with a keen focus on retail, self-storage, and industrial properties. His decision to join Crux Commercial Partners comes after a successful two-year tenure at Marcus & Millichap, where he honed his skills in navigating the complex landscape of commercial finance. The leadership and entrepreneurial spirit of Jake Wilson, Partner of Crux Commercial Partners, heavily influenced McDaniel's move to Crux. The Tacoma Washington firm's reputation as a top-tier real estate finance team, recognized for providing unparalleled support throughout every transaction level, attracted McDaniel. What sets Crux apart, in McDaniel’s view, is its world-class team of financing experts , which notably exceeds the capabilities found at other capital market finance companies. The firm boasts a robust roster including a Banking Relationship Manager, who cultivates relationships with hundreds of debt providers to stay abreast of the best financing options for various property types and investment scenarios. Additionally, Crux’s team features underwriters who evaluate the financial viability of commercial properties, a commercial real estate finance placement specialist who facilitates connections between borrowers and lenders, and a dedicated team of loan processors who ensure the smooth closing of loans. Kalvyn McDaniel shared his enthusiasm about joining Crux, stating, "I'm excited to be part of a firm that not only values but actively fosters relationships at every transaction level. Crux's commitment to excellence, combined with its comprehensive support and innovative approach, positions us to achieve unparalleled success for our clients." With McDaniel’s arrival, Crux Commercial Partners reinforces its commitment to leading the industry by enriching its team with talented professionals who share the firm's vision for innovation and excellence in commercial real estate finance.
- May 14, 2024Finance & Loan
Crucial Constructs Article Reveals Surprising Facts for Tech Savvy Entrepreneurs
Crucial Constructs has published a new article entitled How To Unlock the Power of Digital Marketing: The Secret to Skyrocketing Business Success, which sheds light on the most important aspects of unlocking the power of digital marketing involves understanding the vast array of online channels and tactics available to promote businesses, engage with audience, and ultimately drive sales. By leveraging the right strategies, it can significantly enhance business success. for business owners, marketing professionals, digital entrepreneurs, career changers and tech savvy entrepreneurs. that have a goal of expanding and growing their business popularity through digital marketing and other interested individuals can view the full article at https://crucialconstructs.com/how-to-unlock-the-power-of-digital-marketing-the-secret-to-skyrocketing-your-business-success/ The article includes several interesting pieces of information, one in particular is the fact that could be highlighted is about unlocking the power of digital marketing is the significant return on investment (ROI) that digital marketing can offer when compared to traditional marketing methods. Here's a way to present this fact: "Did you know that digital marketing often provides a higher return on investment (ROI) than traditional marketing methods? According to a study by HubSpot, inbound marketing strategies, which are primarily digital, can generate 3 times as many leads per dollar as traditional methods. This is largely due to the targeted nature of digital marketing tactics, which allow businesses to reach specific audiences with precision and at a lower cost.. This should be of particular interest to business owners, marketing professionals, digital entrepreneurs, career changers and tech savvy entrepreneurs because the ability to track and analyze digital marketing efforts in real-time enables businesses to optimize their campaigns for even better results, further enhancing their ROI." This fact is interesting because it underscores the efficiency and cost-effectiveness of digital marketing, making it a particularly attractive option for businesses of all sizes. It also highlights the importance of leveraging data and analytics to make informed marketing decisions.. One of the most important piece of information the article tries to convey and communicate is "An essential aspect of digital marketing that businesses must not overlook is the power of data analytics. With the vast amount of data generated by online interactions, companies have unprecedented insights into consumer behavior, preferences, and engagement patterns.. The best example of this is perhaps found in the following extract: 'This data-driven approach enables marketers to refine their strategies, improve user experience, and increase the effectiveness of their marketing spend. In fact, companies that adopt data-driven marketing are more likely to have an advantage over the competition and increase profitability, as reported by Forbes."' In discussing the article's creation, Ashley Wells, Head Marketing at Crucial Constructs said: ""In the digital realm, data is the compass that guides marketers to unseen opportunities, and creativity is the sail that propels businesses into new horizons of success."." Regular readers of Crucial Constructs will notice the article takes a familiar tone, which has been described as 'Informative and knowledgeable'. Crucial Constructs now welcomes comments and questions from readers, in relation to the article, as they are intent on comments are a form of engagement that shows the content is resonating with readers. They provide a space for readers to express their thoughts, which can increase the time they spend with the content and strengthen their connection to the brand or author.. The reason is simply because it allows for an interactive exchange that can enrich the content with diverse perspectives, offer insights for future topics, and enhance SEO efforts.. Anyone who has a specific question about a past, present, or future article can contact Crucial Constructs via their website at https://crucialconstructs.com/ The complete article is available to view in full at https://crucialconstructs.com/how-to-unlock-the-power-of-digital-marketing-the-secret-to-skyrocketing-your-business-success/ .
- May 11, 2024Finance & Loan
Crucial Constructs Article Reveals Surprising Facts for Digital Entrepreneurs
Crucial Constructs has published a new article entitled "How To Unlock the Hidden Potential of Your Digital Products: The Ultimate Guide to Enhancing Online Visibility.", which sheds light on the most important aspects of This comprehensive guide is designed to equip businesses and individuals with the knowledge and strategies needed to maximize the visibility and impact of their digital products in the highly competitive online landscape. Whether a startup looking to establish a strong online presence or an established brand seeking to revitalize digital offerings, this guide offers actionable insights to help them achieve their goals. Readers will gain valuable insights into a range of topics, including search engine optimization (SEO), social media marketing, content creation, and user experience optimization. With practical tips and real-world examples, this guide empowers readers to harness the full potential of their digital products and stand out in the crowded digital marketplace. for Business owners, marketing professionals, digital entrepreneurs, and individuals seeking to enhance the online visibility of their digital products. Business Owners: Small, medium, and large business owners who are seeking to elevate the online visibility of their digital products and services to reach a wider audience and drive growth. Marketing Professionals: Marketers and digital strategists responsible for developing and implementing online visibility strategies for their organizations or clients. This guide provides them with valuable insights and best practices to enhance their digital marketing efforts. Digital Entrepreneurs: Individuals and startups operating in the digital space, including e-commerce, software development, app creation, and other digital ventures, who aim to establish a strong online presence and maximize the impact of their products. Content Creators: Writers, bloggers, vloggers, and social media influencers looking to amplify the reach and engagement of their digital content through effective online visibility techniques. Website and App Developers: Professionals involved in creating and maintaining digital platforms, seeking to optimize user experience and increase the visibility of their products in the digital marketplace. Brand Managers: Professionals responsible for managing and enhancing the online presence of established brands, aiming to revitalize their digital offerings and maintain a competitive edge in the digital realm. Digital Marketing Enthusiasts: Individuals with a keen interest in digital marketing and online visibility strategies, looking to expand their knowledge and stay ahead of the evolving digital landscape. and other interested individuals can view the full article at https://crucialconstructs.com/how-to-unlock-the-hidden-potential-of-your-digital-products-the-ultimate-guide-to-enhancing-online-visibility/ The article includes several interesting pieces of information, one in particular is An interesting fact about the article is that it incorporates cutting-edge research and case studies from leading digital marketing experts and successful online businesses, providing real-world examples of how the strategies outlined in the guide have been effectively implemented to enhance the online visibility of digital products. This ensures that readers gain practical insights backed by tangible evidence of their effectiveness in the competitive digital landscape.. This should be of particular interest to Business owners, marketing professionals, digital entrepreneurs, and individuals seeking to enhance the online visibility of their digital products because The incorporation of cutting-edge research and real-world case studies makes the article particularly interesting because it goes beyond theoretical concepts and provides tangible evidence of the strategies' effectiveness. This approach offers readers a deeper understanding of how to apply the principles outlined in the guide to their own digital products, inspiring confidence in the practicality and potential impact of the recommended strategies. By showcasing real success stories and industry best practices, the article becomes a compelling and actionable resource for those seeking to enhance their online visibility in the digital marketplace.. One of the most important piece of information the article tries to convey and communicate is An important piece of information highlighted in the article is the emphasis on user experience optimization as a key factor in enhancing online visibility. The guide delves into the significance of creating a seamless and engaging user experience for digital products, shedding light on how this aspect directly influences search engine rankings, user engagement, and overall online visibility. . The best example of this is perhaps found in the following extract: 'This underscores the critical role of user experience in driving the success of digital products in the competitive online landscape.' In discussing the article's creation, Ashley Wells, Head Marketing at Crucial Constructs said: ""Unlocking the hidden potential of your digital products is not just about visibility, it's about creating meaningful experiences that resonate with your audience. This guide offers actionable insights and real-world examples to empower you in elevating your online presence and driving tangible results in the digital realm."." Regular readers of Crucial Constructs will notice the article takes a familiar tone, which has been described as 'Informative and knowledgeable'. Crucial Constructs now welcomes comments and questions from readers, in relation to the article, as they are intent on The intent of allowing reader comments on a website is to foster engagement, facilitate discussions, and provide a platform for readers to share their thoughts, opinions, and feedback on the content. This interaction can enhance the overall user experience, create a sense of community, and provide valuable insights for both the readers and the content creators. . The reason is simply because Reader comments can contribute to building a loyal audience and improving the visibility and credibility of the website.. Anyone who has a specific question about a past, present, or future article can contact Crucial Constructs via their website at https://crucialconstructs.com/ The complete article is available to view in full at https://crucialconstructs.com/how-to-unlock-the-hidden-potential-of-your-digital-products-the-ultimate-guide-to-enhancing-online-visibility/ .
- May 10, 2024Finance & Loan
Crucial Constructs Article Reveals Surprising Facts for Financial Security
Crucial Constructs has published a new article entitled Crucial Constructs Reveals Proven Strategies for Achieving Financial Stability Amidst Job Market Uncertainty, which sheds light on the most important aspects of Financial Security for Working Professionals, Job Seekers, Recent Graduates, Career Changers, Personal Finance Enthusiasts, Entrepreneurs and Freelancers, Financial Advisors and Coaches, . Aims to resonate with these groups by highlighting the program's benefits, such as skill development, financial management education, and emotional resilience, all of which are crucial for achieving financial stability in an uncertain job market. and other interested individuals can view the full article at https://crucialconstructs.com/how-to-unlock-the-secret-to-financial-security-in-an-unfavorable-job-market/ The article includes several interesting pieces of information, one in particular is An interesting fact about the "Wealth Wisdom: Navigating Economic Shifts" program press release is that it addresses a contemporary issue that is highly relevant in today's society: the increasing instability of the job market and the need for individuals to adapt to economic changes proactively. The program's focus on equipping participants with a diverse set of skills and financial knowledge reflects a shift in the traditional approach to career and financial planning, emphasizing the importance of adaptability, continuous learning, and emotional resilience in the face of rapid technological advancements and global economic pressures. This modern take on financial education demonstrates an innovative response to the evolving challenges faced by workers in the 21st century. . This should be of particular interest to Working Professionals, Job Seekers, Recent Graduates, Career Changers, Personal Finance Enthusiasts, Entrepreneurs and Freelancers, Financial Advisors and Coaches, because "Wealth Wisdom: Navigating Economic Shifts" program lies in its direct response to a pressing and universal concern: financial security in a world where job stability is no longer guaranteed. This concern is a reflection of current economic realities such as: Gig Economy Growth: The rise of short-term contracts and freelance work challenges traditional employment models, requiring a new approach to financial planning. Technological Disruption: Automation and AI are transforming industries, leading to job displacement and the need for skill adaptation. Globalization: Increased global competition affects job availability and security, making it essential for workers to stand out and be versatile. Economic Cycles: Economic downturns, such as recessions, can happen unexpectedly, making it crucial for individuals to be financially prepared.. One of the most important piece of information the article tries to convey and communicate is acknowledges these challenges but also offers a proactive solution that goes beyond the standard financial advice of saving for retirement and cutting expenses. It suggests a paradigm shift from passive financial management to active, strategic planning that includes skill development, networking, and emotional resilience.. The best example of this is perhaps found in the following extract: 'This approach aligns with the current zeitgeist that values self-improvement, lifelong learning, and entrepreneurial thinking, making the program and the press release particularly resonant with contemporary audiences seeking to navigate the complexities of modern economic life. ' In discussing the article's creation, Ashley Wells, Head Marketing at Crucial Constructs said: ""Our 'Wealth Wisdom: Navigating Economic Shifts' program transcends traditional financial guidance—it equips you to excel in the face of economic uncertainty and harnesses the power of adaptability to turn challenges into opportunities for growth and stability." ." Regular readers of Crucial Constructs will notice the article takes a familiar tone, which has been described as 'Informational and Knowledgeable '. Crucial Constructs now welcomes comments and questions from readers, in relation to the article, as they are intent on Engagement: Encourage active engagement from the audience, inviting them to participate in a dialogue about the program and share their perspectives or experiences related to the job market and financial security. Feedback Gathering: Collect feedback on the program's appeal and perceived value, which can be used to refine marketing strategies, tailor future offerings, and improve program content based on the needs and desires of the target audience. Success Stories: Invite readers who have participated in similar programs, or early adopters of the "Wealth Wisdom" program, to share their success stories and testimonials, which can serve as social proof and further endorse the program. Community Building: Foster a sense of community among readers who are interested in personal finance and career development, encouraging them to support each other and exchange tips and advice. Inquiries and Interest: Generate interest and inquiries about the program, leading to potential sign-ups or requests for more information, which can be converted into program enrollments. Content Amplification: Increase the reach of the press release through sharing and word-of-mouth if readers find the content compelling enough to share with their own networks. Market Research: Use comments to gauge the market's current concerns, questions, and interests regarding financial stability and career planning, which can inform future content creation and program development.. The reason is simply because To connect with its audience, understand their needs, and provide them with valuable solutions that resonate with their financial and professional goals.. Anyone who has a specific question about a past, present, or future article can contact Crucial Constructs via their website at https://crucialconstructs.com/ The complete article is available to view in full at https://crucialconstructs.com/how-to-unlock-the-secret-to-financial-security-in-an-unfavorable-job-market/ .
- May 9, 2024Finance & Loan
Fujifilm Announces Financial Results for Fiscal Year Ended March 31, 2024
FUJIFILM Holdings Corporation announced today financial results for fiscal year ended March 31, 2024. In the fiscal year ended March 31, 2024, revenue increased by 3.6% year-over-year to JPY2,960.9 billion, mainly due to strong sales in the Medical Systems and Imaging businesses and the impact of exchange rates. Thanks to revenue growth and the impact of exchange rates, operating income amounted to JPY276.7 billion, an increase of 1.3% year-over-year. Net income attributable to FUJIFILM Holdings increased by 11.0% year-over-year to JPY243.5 billion due to higher operating income and valuation gains on marketable and investment securities. “We are proud to have achieved remarkable milestones in the last fiscal year, with our highest ever sales, operating income, and net income. Our positive results demonstrate our growing earning power,” says Teiichi Goto, president and chief executive officer, representative director, FUJIFILM Holdings Corporation. “In line with our new medium-term management plan VISION2030, we will strengthen Fujifilm Group’s corporate value by prioritizing profitability and capital efficiency in our management approach. Also, as expressed in our Group Purpose “Giving our world more smiles,” we aim to be a company that brings smiles to the faces of our various stakeholders by reinvesting the value we generate back into society.” As stated in the new medium-term management plan "VISION2030" announced on April 17, 2024, the company target is to achieve record-high sales of JPY3,100 billion, and record-high operating income of JPY300 billion for fiscal year ending March 31, 2025. It also plans to invest JPY757 billion in growth, mainly in Bio-CDMO and Semiconductor Materials, which is higher than the previous fiscal year ended March 31, 2024. Highlights by business segments Healthcare: Revenue increased 5.0% year-over-year to JPY975.1 billion due to higher revenue in the Medical Systems and Bio-CDMO businesses, while operating income decreased 5.2% year-over-year to JPY97.4 billion mainly attributed to the absence of the previous year’s one-time gains recorded in Pharmaceuticals business and an increase in one-time expenses, including inventory write-downs in the Bio-CDMO and LS Solutions businesses. In the Medical Systems business, revenue was driven higher by steady sales of endoscopes, CT, MRI, and other products. Endoscope sales increased primarily in Japan, the U.S., Europe, and China, while CT and MRI sales were driven by higher sales in Central and South America, the Middle East and India. In the Bio-CDMO business, revenue increased due to the solid performance in contract manufacturing of antibody drugs, mainly at the Denmark site, where productivity also improved. Meanwhile, slow orders for gene therapy and other drugs, reflecting the difficult fundraising climate for biotech venture customers, led to inventory write-downs in the first and third quarter on components and consumables nearing the end of their shelf life. In the LS Solutions business, revenue was driven lower in Pharmaceuticals by the absence of one-time revenue from the previous year’s transfer of the radiopharmaceutical business, while revenue rose in Life Sciences due to license fee income from BlueRock Therapeutics for its program to treat eye diseases using iPS cell technology, in addition to a recovery in sales of culture media for the production of antibody drugs. Materials: Revenue increased 1.2% year-over-year to JPY690.0 billion and operating income decreased 34.5% year-over-year to JPY42.9 billion, mainly hit by higher one-time expenses related to M&A. In the Electronic Materials business, despite stagnant semiconductor market conditions, revenue increased 10.6% year-over-year due to contributions from the semiconductor process chemicals business acquired from Entegris, Inc, in October 2023. In the Display Materials business, revenue increased as panel makers' operations recovered from the previous year, when production adjustments were made throughout the supply chain. In the Graphic Communication business, revenue decreased mainly due to lower demand for printed materials in the printing plates fields, especially in Europe and the U.S. In the Inkjet business, revenue fell as sales of inkjet printheads for the ceramic market were driven lower due to sluggish demand in China’s real estate markets. Business Innovation: Overall revenue decreased by 1.4% year-over-year to JPY826.1 billion, but operating income increased by 1.8% year-over-year to JPY70.8 billion, due to the effect of worldwide sales price revisions and other favorable factors. In the Office Solutions business, revenue decreased as the expansion of new OEMs, worldwide price revisions and other factors were not enough to offset lower exports of devices and consumables to Europe and the U.S. In April of this year, full-scale sales of the Apeos series of digital multifunction devices/printers began in the European region through leading distributors. In the Business Solutions business, revenue rose mainly due to the effects of the initial consolidation of FUJIFILM MicroChannel and sales digital transformation (DX) solutions. Imaging: Strong sales of instant photo systems and digital cameras boosted revenue by 14.5% year-over-year to JPY469.7 billion and operating income by 39.9% year-over-year to JPY101.9 billion. In the Consumer Imaging business, steady sales of the INSTAX instant photo systems drove revenue higher. INSTAX's sales target of JPY150 billion for FY2025 was achieved one year ahead of schedule. In the Professional Imaging business, revenue rose due to strong sales of X-S20 launched in June 2023 and GFX100 II launched in September 2023, in addition to brisk sales of X-H2, X-H2S and X-T5 released in the previous fiscal year. In February 2024, the X100VI high-end compact digital camera was launched, featuring a back-illuminated 40.2 MP sensor and the latest processor. For more details, please visit the Investor Relations section of Fujifilm website https://ir.fujifilm.com/en/investors/ir-materials/earnings-presentations.html Contact Media Contact FUJIFILM Holdings Corporation Coprorate Communications Division, Public Relations Group +81-3-6271-2000 * Please note that the contents including the product availability, specification, prices and contacts in this website are current as of the date of the press announcement and may be subject to change without prior notice.
- May 9, 2024Finance & Loan
FTREIT announces solid 1HFY24 with almost THB 2,000 million in total revenue, fuelled by the manufacturing industry driving an occupancy rate
Frasers Property Industrial REIT Management (Thailand) Company Limited (“FIRM”), the REIT manager of Frasers Property Thailand Industrial Freehold & Leasehold REIT (FTREIT), reported a solid set of results for 1HFY2024 (October 2023 - March 2024). During the period, FTREIT delivered total revenue of THB 1,974.1 million, an increase of 5.7% or THB 106.7 million year-on-year (Y-o-Y), while its net profit on investment increased by 0.3% or THB 3.6 million Y-o-Y to THB 1,275.2 million. In 2QFY2024 (January - March 2024), there was an increase in total revenue of 5.3% or THB 49.2 million Y-o-Y to THB 984.4 million, with net profit also rising 0.4% or THB 2.4 million to THB 638.3 million. Mr. Thanarat Boonyakosol, Managing Director of FIRM, said, “FTREIT’s solid performance, notably an improvement in average occupancy rate to 86%, is the result of strong industry tailwinds due to foreign investors from Hong Kong, Taiwan, and the United States strategically diversifying their supply chains and operations. This has in turn generated growing demand for quality industrial assets, particularly from the electronics and automobile industries. We are seeing signs of improvement in the general economic sentiment, driven by private consumption and the recovery of the tourism sector, including a rise in the consumer confidence index. Measures to reduce the cost of living, especially for energy, and the Easy e-receipt project, which stimulated spending, were contributory factors.” The distribution payment from operations in the second quarter, amounting to THB 0.1870 per unit, will be paid on 7 June 2024. The accumulated distribution of FTREIT for the first half of fiscal year 2024 is THB 0.3740 per unit. FTREIT plans to continue driving investment growth by acquiring high-potential industrial assets located in strategic locations for the industrial and logistics industries served by Frasers Property Thailand (“FPT”) and non-sponsor entities. In addition, FTREIT will continue to sustainably grow new warehouse and factory rentals to further its expansion and generate sustainable returns for unitholders.
- May 8, 2024Finance & Loan
Thai Union records 1Q24 net profit of THB 1.2 billion as demand recovers across core product categories
Thai Union Group PCL reported a net profit of THB 1.2 billion in the first quarter of 2024, a 53.9 percent increase from the adjusted net profit of 1Q23, which excludes share of profit and tax benefits from Red Lobster. The strong result was driven by a robust recovery in demand across the core Ambient, PetCare, and Value-added categories. Improved performances across all businesses helped lift sales by 1.7 percent in the first three months of the year to THB 33.2 billion from a year earlier. The Group’s gross profit margin improved to 17.3 percent, driven by Frozen, PetCare, and Value-added categories. “Thai Union Group’s focus on our core business of Ambient, Frozen, and PetCare has been instrumental in returning our business to growth,” said Thiraphong Chansiri, CEO of Thai Union Group. “Our Group demonstrated great resilience during 2023 when we faced a challenging operating environment, and after seeing initial signs of a recovery in our performance in the final quarter of last year, I’m pleased to see that we have now emerged even stronger.” In the first quarter, Ambient sales grew 12.7 percent year-on-year to THB 17.2 billion, with volumes rising 12.7 percent, resulting in an all time high sales contribution from Ambient, driven by stronger demand across all regions, particularly in the Middle East, Europe, and the U.S. The gross profit margin declined to 16.6 percent due to higher raw material prices in the Group’s inventory. PetCare sales increased 13.2 percent from a year earlier to THB 4.0 billion due to higher sales from the premium mix and price adjustment. PetCare delivered a gross profit margin of 25.7 percent, the highest level since the second quarter of 2022. Sales in the Value-added category rose by 10.8 percent compared to the first quarter of 2023 due to improve product mix and booked a record-high gross profit margin of 29.5 percent. The Frozen category saw sales decline 17.7 percent year-on-year largely as a result of soft demand in the U.S. market and the implementation of the rightsizing strategy, which started in 2Q23. In terms of geographical diversity, sales in the U.S. and Canada accounted for 38.6 percent of total revenues, followed by 29.6 percent from Europe, 10.9 percent from Thailand, and 20.9 percent from others. Net profit experienced a strong growth, compared to adjusted net profit of 1Q23. This was driven by improvements across all business categories, despite reduced foreign exchange gains, lower share of profit, higher financial costs, and increase of the tax expenses. During the quarter, the Japan Credit Rating Agency, Ltd. (JCR) raised the Thai Union Group’s foreign currency issuer credit rating from A- to A with a stable outlook. This rating is the same level as the sovereign credit rating of Thailand from JCR. Since the beginning of 2024, Thai Union announced its third share buyback program, in order to reward shareholders by returning excess capital to them and boost earnings per share. The share repurchase program will not exceed THB 3.6 billion or 200 million shares. At the end of March 2024, the total cumulative number of shares repurchased was 86 million shares, and Thai Union aims to continue repurchasing the shares in the remaining period of the program. Thai Union’s commitment to sustainability remained a focus in the first quarter, announcing the Zero Wastewater Discharge Project at its fish plant in Thailand to set a new global benchmark for a seafood factory by achieving 100 percent wastewater recycling. The Group also launched the Shrimp Decarbonization initiative, developed in collaboration with global environmental organization The Nature Conservancy (TNC) and Ahold Delhaize USA, to reduce greenhouse gas (GHG) emissions within the shrimp supply chain, while Thai Union Feedmill became the first feedmill in Asia to receive the Aquaculture Stewardship Council (ASC) Feed Standard certificate, setting a new benchmark for sustainable feed production in the region. “I am confident that through our Strategy 2030, which will create a sustainable and healthier future for humans, pets and the planet, and which is underpinned by a purpose of “Healthy Living, Healthy Oceans, that Thai Union Group is well positioned for sustained, long-term growth,” Chansiri said. ### About Thai Union Thai Union Group PCL is the world's seafood leader, bringing high quality, healthy, tasty and innovative seafood products to customers across the world for 47 years. Today, Thai Union is regarded as one of the world's leading seafood producers and is one of the largest producers of shelf-stable tuna products with annual sales exceeding THB 136.2 billion (US$ 3,912 billion) and a global workforce of more than 44,000 people who are dedicated to pioneering sustainable, innovative seafood products. The Company’s global brand portfolio includes market-leading international brands such as Chicken of the Sea, John West, Petit Navire, Parmentier, Mareblu, King Oscar, Hawesta, and Rügen Fisch, Thai-leading brands SEALECT, Fisho, Qfresh, Monori, OMG Meat, Bellotta and Marvo, and ingredient and supplement brands UniQ®BONE, UniQ®DHA and ZEAvita. With a commitment to “Healthy Living, Healthy Oceans,” Thai Union is proud to be a member of the United Nations Global Compact, a founding participating company of the International Seafood Sustainability Foundation (ISSF), and current Chair of Seafood Business for Ocean Stewardship (SeaBOS). Thai Union's ongoing leadership in sustainability has been taken to the next level with the announcement of SeaChange® 2030, the Company’s expanded sustainability strategy with more ambitious goals for people and planet. Through SeaChange®, the Company was recognized and listed on the Dow Jones Sustainability Indices (DJSI) for the 10th consecutive year in 2023, ranked number one on the Seafood Stewardship Index (SSI) for the third consecutive time, listed in the S&P Global Sustainability Yearbook 2024, achieved a B rating from global environmental disclosure non-profit CDP, and was also named to the FTSE4Good Emerging Index for the eighth straight year in 2023. Find out more about the Group’s sustainability strategy at https://www.seachangesustainability.org/
- May 8, 2024Finance & Loan
AFS Financial Group Presents "The Tax-Smart Retiree: A Guide To Thriving in Your Golden Years"
Farmington Hills, MI [May 15th, 2024]- AFS Financial Group , a distinguished financial advisory firm, is proud to announce the publication of "The Tax-Smart Retiree: A Guide To Thriving in Your Golden Years''. This innovative book promises to transform the retirement planning landscape by equipping readers with the tools to manage their finances effectively in retirement. Navigating retirement finances can often seem daunting, but "The Tax-Smart Retiree" simplifies the complexity with its focus on tax efficiency—an essential aspect of maximizing retirement income. Drawing on over 30 years of experience as a CPA with a Master of Science degree in taxation, Phil Putney provides a clear path to financial security, using strategic tax planning to safeguard and grow retirees' wealth. "The Tax-Smart Retiree" is tailored for individuals nearing retirement or those already enjoying their golden years, such as executives, professionals, and anyone seeking to optimize their retirement strategy. The book breaks down sophisticated financial principles into practical, actionable advice, covering topics like optimizing Social Security benefits, protecting investments from market volatility, and creating personalized retirement plans. "Throughout my career, I've been driven by a passion to demystify financial planning and make it accessible," states author Phil Putney. "With this book, I'm sharing strategies typically available only to the wealthiest clients, making them accessible to a broader audience and empowering retirees to achieve financial peace of mind." What distinguishes "The Tax-Smart Retiree" is its practical approach to complex financial issues. Putney introduces readers to strategic methods for reducing taxes and maximizing income, effectively acting as a guide to a more prosperous and stress-free retirement. "The Tax-Smart Retiree: A Guide To Thriving in Your Golden Years" is now available for purchase https://www.amazon.com/dp/B0D356X36Q . For additional information about the book and author Phil Putney, please visit the official website www.TheTaxSmartRetireeBook.com.
- May 8, 2024Finance & Loan
Crucial Constructs Unlock the Secrets to Financial Security
In a world where job security is no longer guaranteed and retirement savings are often insufficient, understanding how to generate passive income is more important than ever. Passive income is money earned with minimal activity through any venture that requires little daily effort or upkeep on the individual's part. It's the secret that can help individuals build wealth over time and provide a cushion against unforeseen economic challenges. Crucial Constructs initiative will kick off with a series of workshops and webinars led by renowned financial experts who will share their insights on various passive income streams such as real estate investments, dividend stocks, peer-to-peer lending, and digital content creation. Participants will learn how to leverage their existing resources and skills to develop a steady flow of income that can grow over time. "Our goal is to demystify the concept of passive income and provide practical, actionable advice that can be implemented immediately," said Ashley Wells,. "Whether you're just starting out, looking to diversify your income streams, or planning for retirement, our program is designed to provide the knowledge and tools necessary for financial success." In addition to the educational resources, Crucial Constructs will also provide ongoing support through an online community where individuals can connect with peers, share experiences, and learn from each other's successes and challenges. The initiative underscores their commitment to improving financial literacy and helping individuals take control of their financial future. "We believe that passive income should not be a secret kept by the financially savvy few. It's a powerful concept that, when understood and utilized effectively, can provide long-term financial benefits for anyone," added Ashley Wells. To learn more about the initiative or to register for an upcoming workshop or webinar, visit https://crucialconstructs.com/ or contact at info@crucialconstructs.com . Don't miss this opportunity to unlock the secrets to financial security and start journey towards mastering the importance of passive income. About Crucial Constructs Crucial Constructs is a leading provider of financial education and resources dedicated to helping individuals achieve financial freedom. With a focus on innovative and practical financial strategies, they offers a range of services designed to meet the needs of today's diverse population. For more information, please visit https://crucialconstructs.com/ . Note to editors: For more information, to schedule an interview, or to request a guest article on the topic of passive income and financial security, please contact Ashley Wells at info@crucialconstructs.com.
- May 8, 2024Finance & Loan
SFX Funded Set to Revolutionise Retail Trading with New Talent-Driven Platform
SFX Funded, a cutting-edge proprietary trading firm, is set to launch in the UAE. This new firm is dedicated to discovering and nurturing trading talent, allowing traders to monetise their skills through a unique performance-based model. The company provides a platform for traders to demonstrate their skills and earn a performance fee as a percentage of the profits they generate. “ Our goal is to harness and amplify trading talent, providing a pathway for traders to achieve financial success, " explains Husam Samy, CEO of SFX Funded. A Vision Realised Amid Industry Turmoil Financial markets have seen their fair share of challenges that test the resilience of traders and firms. Recognising the need for a stable and supportive trading environment, SFX Funded's conception was meticulously planned over a year to introduce reliable proprietary trading. "Our journey to launch SFX Funded was guided by the vision to create a firm where integrity, transparency, and trader success are the cornerstones of our identity," says Husam Samy, founder of SFX Funded. "In the face of industry turmoil, we've built a platform and community that traders can rely on,” he adds. Superior Trading Conditions and Community Building SFX Funded provides traders with superior conditions that set the stage for success. Its evaluation programs stand out for their simple objectives, competitive pricing, and fair trading parameters. Through meticulous planning and strategic alliances with innovative fintech (financial technology) partners, SFX Funded also offers a seamless and highly secure trading environment. This dedication ensures traders have the optimal foundation to excel in their endeavours. The aim to cultivate a community rooted in trust is at the core of SFX Funded. This is displayed in the firm's operations, from transparent communication to providing trading education and weekly market updates supporting trader growth and development. A Call to Join the SFX Funded Family SFX Funded invites traders from all backgrounds to join a community where trust, support, and success are paramount. "Together, we can navigate the markets, combining our collective strength to achieve individual and shared goals," Samy asserts. SFX Funded was launched to build a trustworthy and supportive trading ecosystem. Traders seeking relief in financial markets will find it at SFX Funded, where every decision is made in their best interest. For more information about SFX Funded, visit www.sfxfunded.com . About SFX Funded SFX Funded is a vanguard of proprietary trading dedicated to empowering traders. Leveraging the extensive expertise of its founder and state-of-the-art technology, SFX Funded provides a platform designed to enhance the skills and profitability of traders worldwide. The firm extends its reach globally from Dubai and focuses on nurturing and rewarding trading talent, ensuring a commitment to excellence and success in the global financial markets.
- May 7, 2024Finance & Loan
MS Microcaps Cliff Notes Announces Launch of Innovative New Course
MS Microcaps Cliff Notes, a new quality driven pioneer in microcap investment research platform, is thrilled to unveil its groundbreaking course, "How to Find a Multibagger in 20 Days" . The course leverages GeoInvesting co-founder, Maj Soueidan's 3+ decades of expertise to empower investors with the skills to identify high-potential microcap stocks poised for significant growth. What sets this course apart is its singular focus on distilling the 10,000+ stocks of North America’s microcap universe down to the best quality companies, as well as providing high probability turnaround and special situation opportunities. Maj emphasizes the course's unique approach to uncovering growth inflection points, driven by transformative company developments. "We're not just teaching theory; we're guiding our participants through live, hands-on sessions where they actively uncover high-quality, undervalued stocks poised for growth," Soueidan states. Participants of "How to Find a Multibagger in 20 Days" will gain access to an array of resources, including comprehensive recordings, a premium subscription to the GeoInvesting research platform, and Maj’s new personal Cliff Notes that showcase his entire catalog of Multibagger candidates, hosted on Substack. In addition to this educational endeavor, MS Microcaps is extending an exclusive opportunity for beta testers to engage with a PRaaP (Press Releases as a Platform) research tool that helps to quickly identify stocks in the news by reimagining press releases as a dynamic research platform. The platform stands out with its advanced filtering, searching capabilities, and forthcoming AI integration, offering an unprecedented level of analysis and insight into public company press releases. The PraaP tool can condense hours of press release analysis into less than an hour, a valuable tool for any deep dive investor. "We're transforming how investors interact with press releases, turning them into a rich, interactive research tool. PRaaP is not just about reading. It's about engaging and discovering actionable insights, as well as finding important company information before other investors," Soueidan explains. MS Microcaps invites ambitious investors, stock pickers, and analysts to become part of this transformative journey, either by enrolling in the "How to Find a Multibagger in 20 Days" course or by participating as a beta tester for the PRaaP offering. Both initiatives underscore a commitment to enhancing the investment research process through innovation and education. Learn more about the "How to Find a Multibagger in 20 Days" course at https://geoinvesting.lpages.co/geo-msm-course . Become a beta tester for the PRaaP offering at https://microcapresearch.com .
ALL NEWS
- Dr. Jay Feldman Tips On Vagus Nerve Stimulation Device To Increase HRV Released
- Snail Serum to Turmeric Oil: Skin Centrick's Offerings Set US Skincare Industry Trends
- Koszdin Launches New Initiative to Empower Workers' Compensation Claimants in Los Angeles
- OG Center Pioneers the Fight Against Dentures With Its Revolutionary All on X
- Folio3 Software Unveils the Power of BigCommerce Development for E-commerce Success
- Revolutionizing Pharmaceutical Manufacturing: The Visionary Work of Tejesh Marsale
- Meet ANDRE: The Easy Solution for Survey Analysis
- Linda Lyle named as a judge at the National Women in Business Awards
- Barker Associates Named Best Place To Work 2024 By The Sunday Times
- Introducing Tineco's Comprehensive Guide to Choosing the Perfect Cleaning Solution for Tineco Vacuums
- From Tap To Mine To Global Vision: Ice Open Network's Blockchain Revolution
- Joseph Samuels of Islet Capital Propels Aspiring Artists with the Inaugural Joseph Samuels Grant for Musical Theater
- ITILITE Inc Revolutionizes Corporate Travel Management with Cutting-Edge Technology and Expert Solutions
- Introducing The Dr. Vidal Sheen Grant for Healthcare Students: Empowering Excellence in Medicine, Phlebology, and Biomedical Engineering
- London Organisation of Skills Development Unveils Groundbreaking Initiatives to Empower Global Transformation
- James Quinn's Data Center Advisory Expertise at JLL Drives Innovative Real Estate Solutions for Global Corporations
- Astrad Unveils New Tool for Precision Account Targeting
- A Chau Event: Mastering Event Planning Services in Vietnam
COMMUNICATE. COMMAND. COMMERCE.
Lead the conversation of your brand & win more customers with MarketersMEDIA Solutions.
Explore Now
Google
RSS