Antelope Enterprise Posts Narrower Loss In H1 – Quick Facts
Antelope Enterprise Holdings Limited (AEHL) reported a narrower net loss for the six months ended June 30, 2021 mainly due to the decrease in bad debt expense, which was partially offset by an increase in gross loss and an increase in administrative expenses. Looking forward, the company said it remains focused on diversifying operations to fuel growth as a new subsidiary in the financial technology sector contributed a significant level of revenue to the financial performance in the first half of 2021.
Net loss for the six months was RMB 70.8 million, compared to a net loss of RMB 111.5 million, a year ago. Loss per share was RMB 16.24 compared to a loss of RMB 40.82.
Revenue for the six months ended June 30, 2021 was RMB 50.1 million, a 25.9% increase from RMB 39.8 million, prior year.
Meishuang Huang, CEO, said, “For the first half of 2021, we experienced challenging market conditions due to the slowdown of the real estate sector in China. Our sustained marketing efforts during this period enabled us to realize an 11% increase in sales volume in the first half of fiscal 2021.”
Bank of India raises Rs 1,800 cr via Basel-III-compliant bonds
Earlier, Bank of India had raised ₹1,352 crore of Basel-III compliant additional tier-I bonds on a private placement basis
State-owned Bank of India on Thursday said it has raised ₹1,800 crore by issuing Basel-III-compliant bonds.
The bank raised ₹1,800-crore Basel-III-compliant tier-II bonds on September 29 on a private placement basis, it said in a statement.
The 10-year tenure bonds with a 5-year call option had a base issue size of ₹1,000 crore and carries a coupon rate of 7.14%.
The issue was oversubscribed by two times, said the lender.
"Bank has also successfully concluded the QIP issue of ₹2,550 crore during August 2021, and with this issuance of QIP (qualified institutional placement), the Government of India stake in the bank has reduced to 81.41% from 90.34% earlier," it said.
Earlier, Bank of India had raised ₹1,352 crore of Basel-III compliant additional tier-I bonds on a private placement basis.
Adequate capital buffer will facilitate better management of asset erosion, if any, and growth in the loan book through better risk appetite in a real sector undergoing revival, it said further.
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Intuit Reaffirms Q1, FY22 Outlook – Quick Facts
Ahead of its virtual Investor Day later on Thursday, technology platform Intuit Inc. (INTU) reaffirmed its financial guidance for the first quarter and full fiscal year 2022.
For the first quarter, the company continues to expect earnings in a range of $0.14 to $0.19 per share and adjusted earnings in a range of $0.94 to $0.99 per share on revenue growth of approximately 36 to 38 percent, including Credit Karma.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.99 per share on revenues of $1.81 billion for the quarter. Analysts’ estimates typically exclude special items.
Looking ahead to fiscal 2022, the company still projects earnings in a range of $7.46 to $7.66 per share and adjusted earnings in a range of $11.05 to $11.25 per share on revenue between $11.050 billion and $11.200 billion, a growth of approximately 15 to 16 percent, including a full year of Credit Karma.
The Street is looking for earnings of $11.24 per share on revenues of $11.16 billion for the year.
Opinion | Sorry, Stephanie Grisham, You Are Not Redeemed
By Frank Bruni
Mr. Bruni is a contributing Opinion writer who was on the staff of The Times for more than 25 years.
Cycling: Britain's Lowden sets new women's one-hour record
PARIS (AFP) – British rider Joscelin Lowden claimed a new women’s one-hour track cycling record on Thursday (Sept 30) in Switzerland, setting a new mark of 48.405 kilometres.
The 33-year-old smashed the previous record of 48.007km set by Italian Vittoria Bussi at altitude in Mexico in 2018.
Lowden’s coach had said she broke the record in training earlier this year, but it was not an official attempt, so this bid was scheduled in Granges.
She finished eighth in the world championship time-trial in Bruges last week.
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Stocks fall, swelling September’s losses.
By Coral Murphy Marcos
Editas Medicine Slips 13% Despite Positive Data On EDIT-101 Trial
Shares of genome editing company Editas Medicine, Inc. (EDIT) are down 13 percent on Wednesday’s trading despite the company announcing positive initial clinical data from its ongoing, open label Phase 1/2 BRILLIANCE clinical trial of EDIT-101.
EDIT-101 is being developed for the treatment of blindness due to Leber congenital amaurosis 10 or LCA10, a CEP290-related retinal degenerative disorder.
Currently at $44.58, the stock has traded between $27.01 and $99.95 during the past 52 weeks.
Netflix Launches Ad-free, Free Plan In Kenya
Online video streaming giant Netflix Inc. (NFLX) has launched an entirely free plan for people in Kenya, that allows them to enjoy Netflix content ad-free on Android mobile phones.
The streaming company expects that by offering a 100% free tier, which includes about one-fourth of the content available in its paid-streaming plans in Kenya, over time more people will upgrade to a full, paid subscription.
“If you’ve never watched Netflix before — and many people in Kenya haven’t — this is a great way to experience our service,” Cathy Conk, director of product innovation at Netflix, wrote in a blog post. “And if you like what you see, it’s easy to upgrade to one of our paid plans so you can enjoy our full catalog on your TV or laptop as well.”
According to Reuters, Netflix is making available about one quarter of its movies and television shows catalog to Kenyan users.
Subscribers in Kenya will not be required to enter payment information while signing up for this free plan. They would only by mandated to enter email id, and confirm that they are 18 or over and create a password.
Netflix, which is available in over 190 countries and has over 209.18 million subscribers, has experimented with a range of plans in recent years to expand its customers base in developing markets. In 2018, the company launched a 199 rupees or about $3 mobile-only plan in India, which it has now expanded to several other countries.