Tag: corresponding
CoinW Launches “Tiger Card” Campaign to Reward Users With 60,000 USDT For Spring Festival
‘Believe It!’ How a Manga-Loving Geek Exposed the Scam Targeting Naruto NFTs
SEC Issues Advisory Against “Future Farming”
The SEC is emphasizing that Future Farming is not registered as a corporation or partnership and is not authorized to solicit, accept or take investments from the public nor to issue investment contracts.
The post SEC Issues Advisory Against “Future Farming” appeared first on BitPinas.
EU seeks to develop a government DNS resolver, block “illegal content”
In a document made public earlier this month the European Commission published a call-for-proposal for a European government controlled DNS resolver service.
The post EU seeks to develop a government DNS resolver, block “illegal content” appeared first on CryptoSlate.
The Fight For Bitcoin: The Keys To Victory
FTX.US, BinanceUS and Gemini jumped into US lobbying in recent months, yet they trail Coinbase’s $1 million quarterly spend
Lobbying in the US continued to heat up at the tail end of 2021, particularly among major crypto exchanges seeking to comply with local regulations.
The post FTX.US, BinanceUS and Gemini jumped into US lobbying in recent months, yet they trail Coinbase’s $1 million quarterly spend appeared first on The Block.
MoonPay rolls out credit card checkout tool for NFT purchases
Crypto unicorn MoonPay has announced a new checkout tool that will give people a way to buy NFTs without using cryptocurrency.
The post MoonPay rolls out credit card checkout tool for NFT purchases appeared first on The Block.
Genetec Delivers Its Best Quarter to Date
For the same quarter, Genetec's profit before tax (PBT) stood at RM21.0 million which is higher by 19.3% than the RM17.6 million posted in their second quarter (Q2FY2022), due to higher sales whilst costs remained stable. Revenue for the quarter stood at RM65.3 million, an increase of 98.5% QoQ, and a 10.1% increase over the preceding quarter Q2FY2022, bringing the annual total to RM164.9 million for the 9 months ending 31 December 2022 (9MFY2022). Earnings per share stood at 34.53 sen (fully diluted) in Q3FY2022 compared to EPS of 2.06 sen in Q3FY2021.
For the nine months of the financial year ended 31 March 2022 (9MFY2022), the Company recorded 2,656% higher PAT of RM44.1 million compared to the corresponding period of the previous financial year of RM1.6 million (9MFY2021). PBT for 9MFY2022 stood at RM47.5 million, which is 2,694% higher than the PBT of RM1.7 million while revenue is 96.3% higher at RM164.9 million compared to RM84.0 million of the corresponding period.
Genetec highlighted in their announcement, "We continue to progress with our plans. Earlier this month we concluded our Bonus Issue exercise announced on 25 October 2021 with the listing of the new issue of securities or 629,503,200 bonus shares (effective 11 January 2022) on the ACE Market of Bursa Malaysia Securities Berhad. In addition to rewarding our existing shareholders and improving share liquidity, we hope to encourage greater local retail participation.
Looking ahead, we continue to build on the electric vehicle (EV) and energy storage division and expect it to remain a significant and growing contributor to our overall performance. This growth will be driven by regional and worldwide demand as countries and businesses step up their efforts towards achieving the zero-emissions target set for 2050. Industries immediately impacting our business are those in transport and energy, both retail and industrial, as everything from day-to-day energy needs for both retail and commercial, heavy industry vehicles and machinery, public transport to e-scooters turn electric."
Genetec also cited The Economic Intelligence's 'Automotive in 2022' research report outlook for global sales of new vehicles that is expected to rise by 7.5% in 2022, surpassing 2019 levels. Prospects for the global sales of new EVs will continue to soar, rising by 51%, with Asia and North America leading the recovery. Whilst new emission rules will force transport vehicle makers and businesses to make far-reaching decisions about their energy sources and fossil-fuel models, this shift is also well supported by the growing number of policies to incentivise greater efforts towards renewable energy vehicles and generation. On a corresponding topic, Nasdaq expects energy storage to potentially emerge as the hottest market of 2022 as the trends advance over the course of the year.
Building on the momentum gained, Genetec's 11 January 2022 announcement of their Memorandum of Understanding (MoU) with Thailand-based Asia Precision Public Company Limited (APCS) signals the Company's efforts to diversify its client base and growth strategy through greater exposure to the Thai and ASEAN markets. Plans are in the works to collaborate and conduct a feasibility study in relation to the potential development of a factory automation facility for energy storage system (ESS) in Thailand. The study will include but will not be limited to the economic, financial, technical, and legal feasibility for the most appropriate structure and details of the project.
Genetec concluded, "We continue to remain cautiously optimistic but vigilant as businesses and economies continue their fragile recovery after being battered down over the two-year pandemic. Adoption of technologies and automation across different industries are expected to continue as businesses seek greener solutions, to greater efficiencies and reliability in their production lines. The knock-on effect of technology adoption is the demand for storage, data, and intelligence, which will drive the potential of the global hard disk drive (HDD) market. Genetec expects growth for the segment to continue by 5.11% for the period of 2021 to 2026 due to data storage requirements, the booming laptop market and digitalisation."
Please contact the below for more information:
Hakim Juraimi
Tel: +60 12-318 5410
Email: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTechnology leader in providing fully customised, intelligent manufacturing automation solutions, Genetec Technology Berhad announced their best financial quarter to date for their third quarter ended 31 December 2021 (Q3FY2022).
Avicii Invector: Encore Edition VR Review – A Good Music Game Gets A Simplistic VR Port
Monitoring the Dark Web
By Montserrat Méndez García, Fintechnews.org Have you ever wondered what happens on the dark web and how all these actions could affect your organization? What is it about the dark web that makes it so dark? Is it worth taking the time to invest in monitoring the activity that happens there? The truth is that […]
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