News related to
First Half

Viomi Issued 2024H1 Unaudited Financial Results: Focus on AI Water, Return to Profit

GUANGDONG, CHINA – Media OutReach Newswire – 31 August 2024 – On August 26, 2024, Viomi Technology Co., Ltd (NASDAQ: VIOT) issued its first half of 2024 unaudited financial results. Based on the financial report, the net revenues were US$143.1 million, net income attributable to ordinary shareholders of the Company was US$0.8 million. According to the management’s preliminary estimates, excluding the divested businesses, the estimated revenues from […]

Caste Census Finally Included In Parliamentary Committee’s Agenda

By Dr. Gyan Pathak The issue of caste census has finally mounted on the agenda of the Parliamentary Committee on Welfare of OBCs led by the BJP. The party has been rejecting the opposition INDIA bloc’s demand for conducting caste census in the country. It was much to the frustration of the BJP, that its […]

Saxo Bank Achieves 35% Growth in H1 2024

Saxo Bank has announced a substantial 35% increase in its adjusted net profit for the first half of 2024, reaching USD 76 million, up from USD 56 million during the same period last year. This impressive growth reflects the bank’s strong performance across various financial sectors and robust trading volumes.

The bank attributes its success to a combination of strategic investments, increased trading activity, and enhanced client engagement. Saxo Bank’s diverse range of financial products and services, including its advanced trading platforms and investment solutions, have contributed to its ability to capture a significant share of the market.

Key to this growth has been Saxo Bank’s expansion into new markets and the continued enhancement of its digital trading platforms. The bank’s efforts to leverage cutting-edge technology and data analytics have enabled it to offer more tailored investment solutions and improve overall client satisfaction. As a result, Saxo Bank has seen a notable rise in both retail and institutional clients.

Moreover, Saxo Bank’s strong performance is underpinned by a favorable market environment characterized by increased volatility and higher trading volumes. The bank’s ability to effectively navigate market fluctuations and capitalize on trading opportunities has been a crucial factor in its financial success.

The bank has also emphasized its commitment to sustainable growth and innovation. Investments in technology and infrastructure have been pivotal in maintaining a competitive edge and delivering value to clients. Saxo Bank’s focus on sustainability is reflected in its strategic initiatives aimed at reducing operational costs and enhancing efficiency.

Saxo Bank’s management has expressed optimism about the future, citing a positive outlook for the remainder of 2024. The bank plans to continue its strategic expansion and innovation efforts, aiming to further strengthen its market position and deliver consistent results. The successful execution of its growth strategy positions Saxo Bank as a leading player in the global financial services industry.

Saxo Bank’s robust performance in the first half of 2024 underscores its ability to adapt to changing market conditions and drive significant financial growth. The bank’s focus on technology, market expansion, and client satisfaction continues to be a key driver of its success.

YesAsia Holdings 2024 Interim Net Profit Rises Sixfold to US$11.1 Million Total Revenue Up by 80.2% to US$163.35 Million

Sustaining Momentum Fueled by Robust Global Demand for K-Beauty Products Results Highlights Revenue and net profit grew 80.2% to US$163.35 million and 610.6% year-on-year to US$11.1 million respectively, hitting first-half year historical high Revenue from beauty products, in particular Korean beauty (“K-Beauty”) products, increased 113.9% to US$149.4 million, contributing 91.4% of the Group’s total revenue While the US remained as the largest market, European Union became the […]

PolyU researchers and academic-led startups seize prestigious awards at HICOOL Global Entrepreneur Summit and Entrepreneurship Competition

HONG KONG SAR – Media OutReach Newswire – 28 August 2024 – The Hong Kong Polytechnic University (PolyU) researchers and academic-led startup teams participated for the first time at the HICOOL 2024 Global Entrepreneur Summit and Entrepreneurship Competition, showcasing seven groundbreaking research projects that highlight the University’s exceptional capabilities in research and knowledge transfer. As the only tertiary institution in Hong Kong involved in multiple national space […]

Salik Adjusts Revenue Forecast to 7-8% Following Expansion Plans

Salik, Dubai’s road toll operator, has revised its revenue growth projections upwards to 7-8% for 2024, driven by the addition of two new toll gates expected to be operational by November. The company’s decision to expand its tolling network comes as part of a broader strategy to boost revenues and enhance its market presence. In the first half of 2024, Salik reported a strong financial performance with […]

Uni-Bio Science Group Announces 2024 Interim Results

Achieved Record High Revenue of HK$273.6M and Net Profit of HK$67.4M Further Penetration to Osteoporosis, Ophthalmology, and Medical Aesthetic Device Markets HONG KONG SAR – EQS Newswire – 28 August 2024 – A fully integrated biopharmaceutical company – Uni-Bio Science Group Limited (“Uni-Bio Science”, together with its subsidiaries referred to as the “Group”, stock code: 0690.HK), is pleased to announce its interim results for the six months […]

Beijing E-Town Builds an Internationally Leading Demonstration City for Embodied Intelligent Robot Industry

BEIJING, CHINA – Media OutReach Newswire – 28 August 2024 – As a pioneer in high-quality development for the new era, Beijing E-Town (BDA) is seizing the opportunity to lead the development of the embodied intelligent robot industry. The plan is to build a domestically leading and internationally first-class demonstration city for the embodied intelligent robot industry in two steps. “By the end of 2026, we aim […]

Governors As Constitutional Head Must Not Degenerate To Ruling Party’s Agents

By Dr. Gyan Pathak Democratic compact between chief minister and Lieutenant Governor of Delhi has broken in the last ten years, LG VK Saxena has admitted in his opinion piece published in Indian Express on August 28, which is just an expression of the fact existing in all states and UTs where the opposition political […]

Majid Al Futtaim Reports Dh1.6 Billion First-Half Profit

Majid Al Futtaim, a leading retail and leisure conglomerate, has reported a robust Dh1.6 billion profit for the first half of the year, reflecting a strong performance across its diversified portfolio. The company’s latest financial results showcase significant gains driven by strategic expansions and increased consumer spending. The company’s profitability is largely attributed to its diverse business model, which includes shopping malls, retail operations, and leisure and […]

Poor Return From Large Banks Is Driving Away Depositors

By Nantoo Banerjee Union Finance Minister Nirmala Sitharaman’s advice to government-controlled banks to launch special drives to step up deposit mobilization to catch up with the demand for loans may give a wrong impression that the public sector bank (PSB) management does not know the basic principles of banking. How can a PSB mobilise enough […]

Alarming Surge in AI-Driven Cybercrime in H1 2024

Trend Micro’s mid-year roundup report highlights resilience of threat actors HONG KONG SAR – Media OutReach Newswire – 27 August 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704) a global cybersecurity leader, today warned that threat actors have bounced back from recent law enforcement efforts to unleash a new wave of attacks leveraging AI and other techniques. Read the report “Pushing the Outer Limits: Trend Micro […]

Over Ten Leading Products Launched, Humanoid Robots Steal the Spotlight — Beijing E-Town Establishes a Complete Robotic Industry Chain

BEIJING, CHINA – Media OutReach Newswire – 26 August 2024 – After achieving the world’s first humanoid running with a full-sized pure electric humanoid robot, “Tiangong” has demonstrated new skills. Walker S Lite has started its training in automotive smart factories, and the world’s first orthopedic surgical robot equipped with AI deep learning technology has been unveiled. Soft robots have also broken through industrial application bottlenecks. On […]

CR Construction Announces Interim Results, Gross profit increased by 25.0% YoY

Declared an interim dividend of HK1.5 cents per share Highlights: Revenue generated by RMAA works increased by approximately 11.2% Gross profit increased by 25.0% to approximately HK$188.1 million. Gross profit margin increased by 1.5 p.p. to approximately 6.8%. Basic earnings per share was HK7.17 cents. The Board resolved to declare the payment of interim dividend of HK1.5 cents per share. Financial Highlights: For the 6 months ended […]

Chinese Mainland and Chinese Hong Kong account for half of top ten ASPAC fintech deals in H1’24, says KPMG

Priority of innovation in finance in China likely to drive further investment HONG KONG SAR – Media OutReach Newswire – 23 August 2024 – Fintech investments in China made a modest recovery towards the end of 2023 and trickled over into 2024. Among the top ten fintech deals in ASPAC, five originated from Chinese Mainland and Chinese Hong Kong. Despite the regulatory hiccups in China, fintech is […]

Stella’s First-Half Net Profit Surges 54% and Cash Balance Doubles

Board Approves Plan to Return US$180 million to Shareholders over Three Years in Addition to Normal Dividend Highlights: Shipment volume increased by 12.3%, led by Sports category Revenue increased by 7.5% to US$770.0 million Further enhanced customer portfolio Gross profit margin expanded by 2.7 percentage points to 25.8% Reported operating profit margin increased to 12.9% from 9.0% same period last year Adjusted net profit increased by 54.1% […]

Daphne Announces 2024 Interim Results

Revenue and Profit Attributable to Shareholders up 54% and 83% respectively Proactive in Seeking Change and Capturing Growth Opportunities to Achieve Long-term Sustainable Development (RMB’ million) Six months ended 30 June 2024 2023 Change (%) Revenue 168.8 109.3 +54% Gross profit 85.8 56.6 +52% Operating profit 56.7 33.9 +67% Profit attributable to shareholders 56.1 30.7 +83% Basic earnings per share (RMB) 0.028 0.017 +65% HONG KONG SAR […]

ADGM Sees Major Growth in H1 2024, Boosting Abu Dhabi’s Financial Sector

Abu Dhabi Global Market (ADGM) has reported impressive growth during the first half of 2024, solidifying its position as one of the fastest-growing international financial centers. The financial hub issued 1,271 new licenses in the first six months of the year, a 20.5% increase compared to the same period in 2023, reflecting the growing confidence of global financial institutions in Abu Dhabi as a leading financial hub. […]

Beijing E-Town Accelerates the Construction of a National Robotics Industry Innovation Hub

BEIJING, CHINA – Media OutReach Newswire – 20 August 2024 – Recently, at the press conference for the 2024 World Robot Conference (WRC 2024), it was announced that Beijing Economic-Technological Development Area (BDA or Beijing E-Town) will focus on key segments of the industrial chain, intensify efforts in tackling critical technologies, implement 50 demonstration projects for application scenarios, launch a series of “Robotics+” application demonstrations, expand typical […]

Hong Kong Successfully Bids for the “Lions Clubs International Convention 2026” will attract a large number of visitors, expected to boost the local economy and promote intellectual exchange among international cities and GBA cities

HONG KONG SAR – Media OutReach Newswire – 20 August 2024 – Hong Kong, as a leading international metropolitan city in Asia, has stood out among numerous candidate cities and been elected as the host city for the “Lions Clubs International Convention 2026.” This successful bid signifies Hong Kong’s high international reputation, with its outstanding attractions in transportation infrastructure, legal system, personal safety, and tourism facilities. As […]

Supreme Court’s Decision To Form National Taskforce For Doctors’ Safety Is Welcome

 By Dr. Gyan Pathak The Supreme Court of India constituted a national taskforce (NTF) to ensure safety of doctors in the country while hearing a suo motu case taking cognizance of the rape and murder of a postgraduate trainee doctor at R G Kar Medical College  on August 9 during her shift. The bench headed […]

Kolkata Doctor’s Rape-Murder: Fury At Mamata Justified, But Why Is BJP Silent On Bihar Episode?

 By Arun Srivastava   It  is  the story of  two rapes,  one in  Kolkata and  another in Muzaffarpur – the  first  one a middle class   doctor and the  second one  a Dalit  girl. Both incidents took  place took  place within  a  gap  of two  days.. While   in  case  of  one,  following  massive   protests   across the […]

AIA Singapore embarks on initiative to help Singaporeans gain better understanding of their insurance coverage

2 in 5 customers are not familiar with the details of their insurance policies, AIA Singapore’s latest study finds. SINGAPORE – Media OutReach Newswire – 19 August 2024 – AIA Singapore today announced its initiative to help customers better understand their insurance policies, improve their financial literacy in a continued bid to bridge the nation’s protection gap. Through this initiative, the organisation aims to encourage more Singaporeans […]

HARYANA OFFERS UNPRECEDNETED CHALLENGE TO BJP IN A DECADE

  CONGRESS IS HOPEFUL OF UNSEATING THE RULING BJP IN THE STATE   By Dr. Gyan Pathak With announcement of Vidhan Sabha Election in Haryana by the Election Commission of India on August 16, the political parties in the state are now coming to their specifics after theirs being in election mode for weeks, especially […]