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FY2020 comes up apples for T&G Global in tough Covid-19 climate

FY2020 comes up apples for T&G Global in tough Covid-19 climate
28 Feb, 2021 08:42 PM
4 minutes to read
A bonanza New Zealand apple season which delivered significantly better fruit sizes, volumes and quality, plus Covid 19-driven demand in some international supermarkets made T&G Global s apple business the star performer of a much improved 2020 financial year.
The apple business delivered a revenue increase of 24 per cent to $875.2 million for the year to December 31, which along with efficiency gains, boosted this division s operating profit by 56 per cent, from $33.5m in 2019 to $52.1m.
T&G s major New Zealand apple markets are North America, Asia and Europe. The improved apple crop helped offset a reduction in packhouse throughput and increased supply chain costs due to Covid-19. ....

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Equinor : Europe's unusually low gas stocks set to underpin prices

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LONDON (Reuters) - European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices.
Storage sites are currently around 37% full compared to 60% full at the same time last year and 74% at the start of this year, based on the latest Gas Infrastructure Europe data.
Continental storage went from being at a record high at the beginning of last year to tracking 2018 levels when storage inventories were at the lowest level observed in recent years, said gas analysts at Refinitiv. ....

Nina Chestney , Wintershall Dea , Jason Neely , Nora Buli , Anders Opedal , Timera Energy , Energy Aspects , Gas Infrastructure Europe , Nord Stream , Equinor Asa Stock Exchange , Press Release , Gas Eqnr No0010096985 , நினா செஸ்ட்னி , ஜேசன் நீலீ , டைம்ரா ஆற்றல் , ஆற்றல் அம்சங்கள் , வாயு உள்கட்டமைப்பு யூரோப் , நார்ட் ஸ்ட்ரீம் , ப்ரெஸ் வெளியீடு ,

Pretium Resources Inc: Pretivm Reports 2020 Operating and Financial Results; Achieves Guidance, Delivers Record High Free Cash Flow and Significantly Reduces Debt

Pretium Resources Inc: Pretivm Reports 2020 Operating and Financial Results; Achieves Guidance, Delivers Record High Free Cash Flow and Significantly Reduces Debt
2020 production and financial guidance achieved
Gold production - Q4: 88,299 ounces; 2020: 347,743 ounces
AISC
Free cash flow
Revenue - Q4: $169.6 million; 2020: $617.6 million
Received proceeds from the sale of Snowfield of $100.0 million
Repaid $226.7 million of debt including a discretionary payment of $160.0 million
End of quarter cash balance: $174.8 million
All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company s Financial Statements and Management s Discussion and Analysis ( MD &A ) for the years ended December 31, 2020 and 2019, available on the Company s website and on SEDAR and EDGAR. ....

United Kingdom , United States , Galena Hill , City Of , British Columbia , Jacques Perron , Patrick Godin , Troy Shultz , Stephanie Wafforn , National Instrument , International Financial Reporting Standards , Company Financial , Company Loan Facility , Bc Northern Health , Health Officer , Exchange Commission , Pretium Resources Inc , Corporate Communications , Mineral Resource Expansion Underground Drill Program , Bc Northern Health Medical Officer , Bentall Centre , Us Securities Exchange , London Bullion Market Association , Fourth Quarter , Full Year , Financial Statements ,

AstraZeneca : Pfizer COVID-19 vaccine reduces transmission after one dose - UK study

A single dose of Pfizer and BioNtech s COVID-19 vaccine cuts the number of asymptomatic infections and could significantly reduce the risk of transmission of the virus, results of a UK study found. | March 4, 2021 ....

United Kingdom , David Goodman , Jane Merriman , Mike Weekes , Nick Jones , Kate Kelland , Cambridge University Department , Cambridge University Hospital , Cambridge University , Astrazeneca Plc Stock Exchange , Press Release , Study Azn Gb0009895292 , ஒன்றுபட்டது கிஂக்டம் , டேவிட் நல்ல மனிதன் , ஜேன் மெரிமந் , மைக் வீக்ஸ் , நிக் ஜோன்ஸ் , கேம்பிரிட்ஜ் பல்கலைக்கழகம் துறை , கேம்பிரிட்ஜ் பல்கலைக்கழகம் மருத்துவமனை , கேம்பிரிட்ஜ் பல்கலைக்கழகம் , ப்ரெஸ் வெளியீடு , பரவும் முறை ,

Tourism Holdings pays down debt with accounts pummelled by Covid

Tourism Holdings pays down debt with accounts pummelled by Covid
25 Feb, 2021 08:30 PM
4 minutes to read
Aimee Shaw is a business reporter focusing on retail, small businessaimee.shaw@nzherald.co.nz@AceeyShaw
Tourism Holdings has significantly reduced debt after a disastrous year for tourism-related companies but will likely seek further funding as it re-invests in a new vehicle fleet.
The company posted a net loss after tax of $1.77 million for the six months ending December 31 and an underlying net loss of $3m, down from a profit of $13.1m for the same period last year.
Total revenue fell 1 per cent to $205.8m, driven by growth in vehicle sales. But international rental revenue plunged 50 per cent to $64.8m. ....

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