GEG | Jotup

EQS-News: 3U paves the way for anticipated growth spurt

Retrieved on:

Wednesday, April 10, 2024

Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at EUR 5.2 million in the period under review (previous year: EUR 8.5 million).

Key Points:

Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at EUR 5.2 million in the period under review (previous year: EUR 8.5 million).
We will also continue to focus on the topic of external growth.
The ITC segment raised revenue by 26.3 % overall to EUR 15.3 million in 2023 (previous year EUR 12.1 million).
Organic growth stood at 10.3% and is principally attributable to success in winning new customer business.

Great Elm Group Reports Fiscal 2024 Second Quarter Financial Results

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Tuesday, February 13, 2024

Investment, GEG, Growth, Conference, Great Elm, SPV, Fiscal, Cryptocurrency

WALTHAM, Mass., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2023.

Key Points:

WALTHAM, Mass., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2023.
Great Elm launched a credit fund, Great Elm Credit Income Fund, LLC (“GECIF”), during the quarter, focused on income generation and capital preservation through direct lending, syndicated credit and opportunistic credit investing.
Great Elm collected incentive fees for the third consecutive quarter from Great Elm Capital Corp. (“GECC”), totaling $0.7 million for the three months ended December 31, 2023.
Discussion of Financial Results for the Fiscal Second Quarter Ended December 31, 2023
GEG reported total revenue of $2.8 million, a 50% increase from $1.9 million in the prior-year three-month period.

Great Elm Group, Inc. (“GEG”) Invests $6 Million to Support a $24 million Equity Raise for Great Elm Capital Corp. (“GECC”) at Net Asset Value

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Thursday, February 8, 2024

BEACH, PALM, GEG, NAV

“This transaction leverages GEG’s key attributes to create a beneficial outcome for all stakeholders,” said Jason Reese, GEG’s Chief Executive Officer.

Key Points:

“This transaction leverages GEG’s key attributes to create a beneficial outcome for all stakeholders,” said Jason Reese, GEG’s Chief Executive Officer.
“Raising equity at NAV for our permanent capital vehicle, GECC, will help leverage our infrastructure and help scale our credit platform.
In addition, we believe our investment in the special purpose vehicle will deliver a strong return and allow us to grow our recurring revenue streams.
We are pleased to have continued support from GEG which will further enable GECC to scale its portfolio and deliver for investors.”

EQS-News: Linde Signs Long-Term Agreements to Purchase Renewable Energy in China

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Monday, February 5, 2024

China Three Gorges Corporation, Climate, LIN, Woking, CTG, Carbon, GEG, Renewable energy

Woking, UK, February 1, 2024 – Linde (Nasdaq: LIN) announced today it has signed two new long-term power purchase agreements for the supply of renewable energy in China.

Key Points:

Woking, UK, February 1, 2024 – Linde (Nasdaq: LIN) announced today it has signed two new long-term power purchase agreements for the supply of renewable energy in China.
Linde has signed separate 25-year agreements with Guangdong Energy Group (GEG) and China Three Gorges Corporation (CTG) to secure a total of 320 gigawatt hours per year of renewable energy.
These and other recent renewable energy agreements support Linde’s progress towards its science-based absolute greenhouse gas reduction target for 2035 and its 2050 climate neutrality ambition.
In addition to reducing Linde’s Scope 2 emissions, the renewable energy will help Linde’s customers decarbonize their processes by using industrial gases with a lower carbon footprint.

MGM Alternative and the Global Esports Federation Ink Deal to Create Content Surrounding the Global Esports Games, Esports Athletes, and Gaming Lifestyle

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Friday, January 19, 2024

NBC, Shark Tank, LOS, The Voice, A&E, Growth, Beat Shazam, Multimedia, CBS, Amazon, Athlete, Global Esports Federation, ABC, Gladiator, HGTV, GEF, GEG, FOX, Food Network, MGM Television, MGM, Hotdish, Vanderpump Rules, BBC, Television, Human voice, Video game

LOS ANGELES, Jan. 19, 2024 /PRNewswire/ -- Today, MGM Alternative, a division of Amazon MGM Studios, and the Global Esports Federation announced a deal to create content surrounding the Global Esports Games, esports athletes, and the gaming lifestyle. In collaboration, MGM Alternative, which produces The Voice, Shark Tank, and Survivor, and GEF, which promotes the credibility, legitimacy, and prestige of esports globally, will work to develop new linear and streaming content, as well as live events within GEF's esports conventions and events.

Key Points:

New linear and streaming content to be developed, as well as live events
LOS ANGELES, Jan. 19, 2024 /PRNewswire/ -- Today, MGM Alternative, a division of Amazon MGM Studios , and the Global Esports Federation announced a deal to create content surrounding the Global Esports Games, esports athletes, and the gaming lifestyle.
Esports has experienced unprecedented growth and success in recent years, with the global esports market estimated at US$4.2bn in 2024.
(Source: Statista, January 2024)
"With the global interest in esports at an all-time high, we're eager to share the stories and excitement surrounding the Global Esports Games, their athletes, and the gaming lifestyle," said Barry Poznick, general manager, MGM Alternative.
Together, Global Esports and MGM Alternative will provide an innovative platform that will power growth and value for the world's esports community," said Paul J.

MGM Alternative and the Global Esports Federation Ink Deal to Create Content Surrounding the Global Esports Games, Esports Athletes, and Gaming Lifestyle

Retrieved on:

Friday, January 19, 2024

NBC, Shark Tank, LOS, The Voice, A&E, Growth, Beat Shazam, CBS, Amazon, Athlete, Global Esports Federation, ABC, Gladiator, HGTV, GEF, GEG, FOX, Food Network, MGM Television, MGM, Hotdish, Vanderpump Rules, BBC, Television, Human voice, Video game

LOS ANGELES, Jan. 19, 2024 /PRNewswire/ -- Today, MGM Alternative, a division of Amazon MGM Studios, and the Global Esports Federation announced a deal to create content surrounding the Global Esports Games, esports athletes, and the gaming lifestyle. In collaboration, MGM Alternative, which produces The Voice, Shark Tank, and Survivor, and GEF, which promotes the credibility, legitimacy, and prestige of esports globally, will work to develop new linear and streaming content, as well as live events within GEF's esports conventions and events.

Key Points:

New linear and streaming content to be developed, as well as live events
LOS ANGELES, Jan. 19, 2024 /PRNewswire/ -- Today, MGM Alternative, a division of Amazon MGM Studios , and the Global Esports Federation announced a deal to create content surrounding the Global Esports Games, esports athletes, and the gaming lifestyle.
Esports has experienced unprecedented growth and success in recent years, with the global esports market estimated at US$4.2bn in 2024.
(Source: Statista, January 2024)
"With the global interest in esports at an all-time high, we're eager to share the stories and excitement surrounding the Global Esports Games, their athletes, and the gaming lifestyle," said Barry Poznick, general manager, MGM Alternative.
Together, Global Esports and MGM Alternative will provide an innovative platform that will power growth and value for the world's esports community," said Paul J.

Galaxy Entertainment Group Selected Unaudited Q3 2023 Financial Data

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Thursday, November 9, 2023

HONG KONG, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Galaxy Entertainment Group (“GEG”, “Company” or the “Group”) (HKEx stock code: 27) today reported results for the three-month period ended 30 September 2023. (All amounts are expressed in Hong Kong dollars unless otherwise stated)

Key Points:

HONG KONG, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Galaxy Entertainment Group (“GEG”, “Company” or the “Group”) (HKEx stock code: 27) today reported results for the three-month period ended 30 September 2023.
In Q3 2023 Group Net Revenue increased 374% year-on-year to $9.7 billion and Adjusted EBITDA increased 576% year-on-year to $2.8 billion.
Mall rental in Q3 2023 across our portfolio was $379 million, which was equivalent to 114% of 2019 levels.
In Q3 2023, the Group posted Net Revenue of $9.7 billion, up 374% year-on-year and up 11% quarter-on-quarter.

Great Elm Group Reports Fiscal 2024 First Quarter Financial Results

Retrieved on:

Wednesday, November 8, 2023

Financial result, Fiscal, EBITDA, Conference, REIT, Monomoy, Greenbriar Capital Corp, GEG, Cryptocurrency, Reinsurance, Car rental, Bank

WALTHAM, Mass., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal first quarter ended September 30, 2023.

Key Points:

WALTHAM, Mass., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal first quarter ended September 30, 2023.
GEG collected incentive fees for the second consecutive quarter from Great Elm Capital Corp. (“GECC”), totaling $1.3 million for the three months ended September 30, 2023.
Adjusted EBITDA for the first quarter was $1.7 million, compared to $0.7 million for the prior year period.
Jason Reese, Chief Executive Officer of Great Elm Group, stated, “As we begin our new fiscal year, we are pleased with the Company’s progress, pivoting to a streamlined business focused on alternative asset management.

Milken–Motsepe Prize in Green Energy Finalists Announced

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Wednesday, November 1, 2023

The Milken Institute and the Motsepe Foundation today announced the five teams advancing to the Finalist Round of the Milken–Motsepe Prize in Green Energy.

Key Points:

The Milken Institute and the Motsepe Foundation today announced the five teams advancing to the Finalist Round of the Milken–Motsepe Prize in Green Energy.
“Access to electricity can advance industrialization across Africa and improve the standards of living for many marginalized communities,” said Dr.
“These finalists are building innovative solutions to deliver on the promise of a sustainable future, in line with the Sustainable Development Goals.
In total, the Milken–Motsepe Prize in Green Energy will award over US$2 million in prizes and additional benefits.

EQS-News: Hypoport SE: further slight rise in the volume of mortgage finance transactions

Retrieved on:

Thursday, October 26, 2023

Insurance, FIO, Housing, Pressure, GEG, Growth, SMART, Heat, AG, Cryptocurrency, Real estate, Arms industry, EP Europace

Europace transaction volume rises by 7 per cent compared with Q2 2023; transaction volume per sales day falls by 2 per cent

Key Points:

Europace transaction volume rises by 7 per cent compared with Q2 2023; transaction volume per sales day falls by 2 per cent
Berlin, 20 October 2023: The volume of mortgage finance transactions on Europace rose slightly in the third quarter compared with the preceding quarter.
The volume of mortgage finance transactions rose by 9 per cent to €14 billion (volume per sales day: down by 1 per cent).
On FINMAS, the sub-marketplace for institutions in the savings banks sector, the volume of transactions rose by 13 per cent compared with the second quarter to reach €1.9 billion (volume per sales day: up by 3 per cent).
“Back in the third quarter of last year, we saw an unprecedented slump in the volume of mortgage finance transactions,” said Ronald Slabke, Chief Executive Officer of Hypoport SE, explaining the reasons for the small increase in the mortgage finance volume.