TRADING UPDATES: Flooring firm Victoria expects record annual results
Mon, 12th Apr 2021 19:34
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Victoria PLC - Worcestershire-headquartered flooring firm - Achieves record results for the year ended April 3, despite challenges of Covid-19. Expects revenue of GBP640 million, up 3.0% from GBP621.5 million a year prior and underlying earnings before interest, taxes, depreciation and amortisation of GBP120 million, up 1.6% from GBP118.1 million. This was a year in which we completed no major acquisitions and therefore the record trading results were driven by organic performance, say Victoria.
Mon, 12th Apr 2021 19:34
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Victoria PLC - Worcestershire-headquartered flooring firm - Achieves record results for the year ended April 3, despite challenges of Covid-19. Expects revenue of GBP640 million, up 3.0% from GBP621.5 million a year prior and underlying earnings before interest, taxes, depreciation and amortisation of GBP120 million, up 1.6% from GBP118.1 million. This was a year in which we completed no major acquisitions and therefore the record trading results were driven by organic performance, say Victoria.
Elixirr International PLC - London-based consultancy - Posts pretax for 2020 of GBP5.8 million, rising from GBP1.7 million from a year prior. Revenue increases to GBP30.3 million from GBP13.1 million. Says the growth is thanks to the company s relentless focus on continuing to build long-term trusted relationships
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Venezuela Rebuts Koch s Quick Win Bid In $400M Award Suit
Law360 (April 6, 2021, 9:33 PM EDT) Venezuela urged a D.C. federal judge to not immediately rule on a suit to confirm a $400 million arbitration award filed by two Swiss Koch Industries affiliates, arguing the companies have not yet fully calculated the interest accrued on the judgment amount.
Koch Minerals Sàrl and Koch Nitrogen International Sàrl have been trying to confirm their awards from the International Centre for Settlement of Investment Disputes since 2017 as compensation for the Republic of Venezuela improperly nationalizing their fertilizer plant investments in 2010.
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Albania Can t Get $132M Award In Claim Over TV Station Nixed
Law360 (April 6, 2021, 9:04 PM EDT) Albania couldn t convince an international committee that a tribunal lacked adequate reasoning when it handed down an arbitral award ordering the country to pay €111 million ($131.8 million) for expropriating investments in a television station.
An International Centre for Settlement of Investment Disputes ad hoc committee on Friday rejected the country s petition to annul the award, which had been issued two years ago to Italian businessman Francesco Becchetti and several co-claimants after arbitrators concluded that Albania had destroyed their investment in a television company called Agonset Shpk.
Albania Can t Get $132M Award In Claim Over TV Station Nixed law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.