first_img Tags: Online Gambling Israel tax settlement slashes Aspire Global’s 2019 profits AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 18th February 2020 | By contenteditor Aspire Global has put a 97.5% year-on-year decline in net profit for 2019 primarily down to a major tax settlement in Israel, though the igaming solutions provider was able to report an increase in revenue for the year. Email Addresscenter_img Topics: Finance Aspire Global has put a 97.5% year-on-year decline in net profit for 2019 primarily down to a major tax settlement in Israel, though the igaming solutions provider was able to report an increase in revenue for the year.Net revenue for the 12 months to 31 December 2019 totalled €131.4m (£109.5/$142.4m), up by 26.0% from €104.6m in the previous year.The majority of revenue was derived from Aspire’s B2B segment, which accounted for €81.1m (or 62.0% of overall revenue), a year-on-year increase of 43.3%.In comparison, B2C revenue from Aspire’s proprietary brands totalled €50.3m for the full year, a 4.8% rise.Focusing on geographical performances, Aspire reported declines from the Nordics and the UK and Ireland. Nordic revenue fell 16.6% to €25.2m, with the UK and Ireland’s contribution down 8.3% to €18.7m. This left the rest of Europe as the supplier’s largest region in terms of revenue, accounting for €83.2m following a 62.8% year-on-year rise.The rest of the world’s contribution was up 48.3%, albeit from a low base, to €4.3m.However, alongside this revenue increase Aspire also saw spending climb, with overall costs for the year hiking by 30.1% from €81.3m to €105.8m. Aspire saw the largest increase within its distribution expenses, which were up 35.9% to €87.1m.Gaming duties declined to €4.2m, but administrative expenses were up 14.1% to €14.6m, mainly due to ongoing investment in technology and new hires. In addition, depreciation and amortisation costs rocketed 105.3% to €3.9m primarily as a result of higher capitalised development costs related to Aspire’s proprietary technology assets.Higher spending pushed operating income down 8.3% year-on-year to €17.7m for the year, while income before taxes also fell by 13.3% to €16.9m.However, it was the Israeli tax settlement in December that hit Aspire hardest. At the end of 2019, Aspire announced that it was to pay €13.7m in retroactive tax in the country after reaching an agreement with authorities.The payment to the Israel Tax Authority related to a tax audit that examined management and control jurisdiction, the busines tax base, and transfer pricing among the group entities.The resolution brought an end to all related investigations into the company in Israel, Aspire noted.This tax payment, coupled with income tax payments amounting to €1.4m, meant net income before company share in the results of associated companies fell 89.7% to €1.9m. After a net loss of €1.5m from these companies, net income for the year amounted to €405,000, down 97.5% from €16.2m in 2018.However, Aspire did note that earnings before interest, tax, depreciation and amortisation (EBITDA) for the year climbed 2.4% to €21.7m, with its EBITDA margin falling from 20.3% to 16.5%.Reflecting on the full-year results, Aspire’s chief executive Tsachi Maimon was largely upbeat, focusing on revenue and EBITDA growth during the year.“I am pleased to conclude that we have delivered another year of strong growth, despite changes in the market environment,” Maimon said. “Revenues increased by 26% to €131.4m with an EBITDA margin of 16.5%, in line with our financial targets.“We have proven that our strategy is efficient, and we have a solid foundation to continue to expand our business through organic growth and M&A.”In terms of Aspire’s performance in the final quarter of the year, revenue was down 2.0% to €32.2m, primarily due to a 18.4% drop in B2C revenue to €11.1m. However, Aspire was able to partially offset this with a 9.8% increase in its B2B revenue to €21.2m.Net loss for Q4 stood at €12.1m, compared to a net income of €4.6m last year, as a result of the tax payment in Israel. Income before tax for the quarter was down 56.7% to €2.6m, while operating income slipped 33.3% to €4.4m. In addition, EBTIDA fell by 33.6% year-on-year to €4.4m.“We had a somewhat disappointing last quarter of the year due to new regulatory requirements in regulated markets, such as the UK, as well as markets to become regulated,” Maimon said.“Compliance is top on our agenda and we swiftly adapt to new regulatory requirements, knowing that our longer-term benefits are larger than the short-term impact.“Our settlement with the Israeli tax authorities had a significant impact on net income and earnings per share in the quarter.”Looking ahead, Aspire said it aims to have revenue of €200m by the end of 2021, with an EBTIDA of €32m, and Maimon said that the business remains confident of hitting these targets.“Our broad market presence and product offering give us a solid foundation for sustainable profitable growth,” Maimon said. “We will continue to enhance our multi-vertical offering while maintaining the search for M&A – opportunities, supported by our strong balance sheet.” Subscribe to the iGaming newsletter Financelast_img read more

first_imgMadison Financial Services PLC (MFIN.zm) listed on the Lusaka Securities Exchange under the Financial sector has released it’s 2009 annual report.For more information about Madison Financial Services PLC (MFIN.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the Madison Financial Services PLC (MFIN.zm) company page on AfricanFinancials.Document: Madison Financial Services PLC (MFIN.zm)  2009 annual report.Company ProfileMadison Financial Services Plc is a financial services group in Zambia offering solutions for general insurance and life assurance products for personal and corporate clients in Zambia and Tanzania. The company operates in four segments: life assurance, non-life assurance, asset management and microfinance. Madison Financial Services offers a range of products; from life and term assurance to pension funds which include unitised, guaranteed, endowment and mortgage endowment options. Company subsidiaries offer a range of health insurance products, and personal, motor, household, commercial and business interruption insurance. Madison Financial Services also provides investment management services, as well as investment funds, unit trusts and brokering service. The microfinance division offers solutions for loans to small- and medium-sized companies and employees of public and private institutions. Madison Financial Services Plc was established in 1992 and is a subsidiary of Lawrence Sikutwa and Associates Limited. Madison Financial Services Plc is listed on the Lusaka Stock Exchangelast_img read more

first_imgThe United Basalt Products Ltd (UBP.mu) listed on the Stock Exchange of Mauritius under the Building & Associated sector has released it’s 2011 annual report.For more information about The United Basalt Products Ltd (UBP.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the The United Basalt Products Ltd (UBP.mu) company page on AfricanFinancials.Document: The United Basalt Products Ltd (UBP.mu)  2011 annual report.Company ProfileThe United Basalt Products Limited operates in two segments which are building materials and agriculture, to manufacture, retail and sell building materials in Mauritius. The company’s core products include aggregates, rocksand, hollow concrete blocks, precast concrete slabs and ready-to-use dry mortars. The United Basalt Products Limited also provides various concrete building components, such as paving-blocks and roof tiles, imported floor and wall tiles, and sanitary ware as well as home building and decorating products, fittings, tools, and garden accessories. The Agriculture segment deals in the cultivation of sugarcane, plants and landscaping services. The United Basalt Products Limited is listed on the Stock Exchange of Mauritius.last_img read more

first_img April 15, 2021 Find out more NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say Hunger strike is last resort for some imprisoned Moroccan journalists April 28, 2021 Find out more Help by sharing this information Reporters Without Borders today criticised the prison terms ranging from one to three years passed on three journalists by a Rabat court on 4 August for “incitement to violence,” calling for the immediate release of one of the three who is already in jail, and voicing the hope that all three sentences will be quashed on appeal.Mohammed el Hourd, managing editor of the weekly Asharq (which is based in the northeastern city of Oujda), was sentenced to three years. He has been detained since 13 June. Abdelmajid Ben Tahar, Asharq’s editor in chief, and Mustapha Kechnini, managing editor of another Oujda-based weekly, Al Hayat al Maghribia, were both sentenced to one year. Like El Hourd, Ben Tahar and Kechnini were detained on the public prosecutor’s orders on 13 June but, unlike El Hourd, they were released provisionally on 10 July. At the end of the trial, the court also banned the two weeklies for three months.The three journalists were convicted for publishing a statement by an Islamist, Zakkaria Boughrara, praising the actions of the “jihad movement in Morocco.” The statement appeared in Al Hayat al Maghribia on 5 May and in Asharq on 5 June. A justice ministry official said they were prosecuted under the press law.Boughrara was himself sentenced in the same trial to 10 years in prison for incitement to violence. The court had rejected a request by the lawyers for the three journalists for them to tried separately from Boughrara.Reporters Without Borders secretary-general Robert Ménard said today that no one questioned the Moroccan authorities’s legitimate efforts to combat terrorism, but he urged them “not to lump journalists and fundamentalists together, as was the case in this trial.”Ménard said journalists should recognize the need to exercise special care because of the efforts to combat terrorism, but at the same time, the authorities had set “a dangerous precedent” by imposing prison sentences for the publication of statements that could be interpreted in very diverse ways.In an earlier case, Mustapha Alaoui, managing editor of the Arabic-language weekly Al Ousboue, was given a one-year suspended sentence on 11 July as a result of publishing a statement by a hitherto unknown organisation called Assaiqa claiming responsibility for three of the five bombings in Casablanca on 16 May. He was convicted of “concealment of a document likely to assist a criminal investigation and publishing false information likely to disturb the peace.” He was released on 12 July after being held since 5 June, shortly after the issue containing the statement appeared on the news stands. Morocco / Western SaharaMiddle East – North Africa Follow the news on Morocco / Western Sahara News Organisation Newscenter_img RSF joins Middle East and North Africa coalition to combat digital surveillance Receive email alerts News to go further News June 8, 2021 Find out more August 6, 2003 – Updated on January 20, 2016 Three newspaper editors get prison sentences for allegedly inciting violence RSF_en Morocco / Western SaharaMiddle East – North Africa last_img read more

first_imgNews1,500 diagnosed with cancer in Limerick annuallyBy Staff Reporter – August 7, 2014 747 Linkedin Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up UP TO 1,500 people are diagnosed with cancer in Limerick every year and this year, the Irish Cancer Society is calling on the community to get active and help beat cancer during this year’s race season.The Society is appealing to the women of Limerick to join ‘Team Irish Cancer Society’ for the upcoming events throughout the province with races in Kerry, Cork and Tipperary ahead of the event here in Limerick on October 26 at the UL Campus.John McCormack, CEO of the Irish Cancer Society said; “The upcoming Mini-Marathons in Munster is a great day out for women to have fun, get fit and also raise funds towards vital services which the Irish Cancer Society provides to cancer patients nationwide.People of all fitness levels can get involved in these events which promise a fun day out for all the family and provide a good incentive to increase physical activity. All funds raised by those who choose to fundraise for the Society will go towards the provision of free services to cancer patients and their families all over Ireland. Advertisement Facebook WhatsAppcenter_img Twitter Email Print Previous articleRegen residents haul Government to courtNext article650 fish killed in slurry spill Staff Reporterhttp://www.limerickpost.ielast_img read more

first_img in Daily Dose, Featured, News Previous: Riding Out the Storm: Servicing Lessons From Natural Disasters Next: Fannie Mae Announces New CIRT Transaction Home / Daily Dose / Tracking the Rise of Home Prices Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Home prices rose 3.4% in May 2019, which is down from 3.5% growth the prior month, according to the latest CoreLogic Case-Shiller U.S. National HPI (HPI). “Growth in home prices, as measured by the Case-Shiller HPI, began to stabilize in May.  The more than 100 basis point decrease in mortgage rates since November has revived home sales and given buyers additional purchasing power in the market,” said Tian Liu, Chief Economist at Genworth Mortgage Insurance. “That extra purchasing power is beginning to show up in home prices.”The 10-city composite annual increase came in at 2.2%, which is a slight decrease from 2.3% in the previous month. “Despite the stabilization, home price growth has slowed from over 6% in early 2018 to less than 3% in May,” Liu said. “That slowdown has made homes less attractive as an investment, especially for investors with a shorter time horizon, even though the cost of financing has decreased. This is one factor contributing to the slower than expected rebound in home sales this year.”Las Vegas led the nation with a 6.4% year-over-year price increase, and was followed by Phoenix’s 5.7% increase. CoreLogic states that seven of the 20 cities in the composite reported higher price increases in the year ending May 2019 than the year ending April 2019. Danielle Hale, Chief Economist for realtor.com, added the slowing of growth has stabilized as lower mortgage rates have “boosted home-buyer purchasing power.” While stating it is promising to see price growth in the fastest growing markets, Hale said the number of markets seeing  growth was seven in May compared to nine in April. Also, the first time Seattle, Washington, posted a decline, although slight, at 1.2%.  “While increased availability of homes is driving the current slowdown in price growth, looking forward, if mortgage rates remain near recent lows, we could see prices pick back up as a result of improved affordability as well as the possibility of more limited inventory availability,” Hale said. Tracking the Rise of Home Prices The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Home Prices S&P/Case Shiller Home Price Indices Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img About Author: Mike Albanese Sign up for DS News Daily  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save July 30, 2019 1,432 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Home Prices S&P/Case Shiller Home Price Indices 2019-07-30 Mike Albanese Subscribelast_img read more

first_img Pinterest LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest News Twitter Facebook Minister McConalogue says he is working to improve fishing quota Previous articleLetterkenny General’s Chaplaincy team says all religions will be accommodated in refitNext articleUpdate – Army experts remove object from Burnfoot flat News Highland Almost 10,000 appointments cancelled in Saolta Hospital Group this week WhatsApp 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Google+center_img By News Highland – February 17, 2014 Gardai have arrested a man and seized a firearm during a raid on a house in Ballyshannon.During the search, as part of an ongoing investigation Gardai search, a rifle was recovered.A male aged in his 40s was arrested at the scene.He is currently detained under Section 30 of the Offences against the State Act, 1939, at Ballyshannon Garda Station.He can be held for up to 72 hours. Facebook RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also Rifle seized and man arrested following search of Ballyshannon house WhatsApp Twitterlast_img read more

first_img Pinterest Google+ Pinterest Gardai continue to investigate Kilmacrennan fire Twitter 365 additional cases of Covid-19 in Republic By admin – August 11, 2015 Facebook Irish Water says it is making progress at dealing with at-risk water supplies.It’s reported the EPA is threatening to prosecute the utility when it fails to reach targets to fix supplies.The Daily Mail reports that up to one million people could be exposed to contaminated water supplies, as Irish Water has failed to hit targets on essential repairs, with Letterkenny identified as one of the largest problem areas by the EPA, particularly in terms of the risk of cryptospiridium.The EPA had ordered that the Water Treatment Plant in the town be upgraded by August 2013, now Irish Water says it will be 2018 before that happens. Action has already been taken by the EPA as a result of that delay.Irish Water’s Jerry Grant says they’ve made significant progress on tackling e-coli in supplies, but tackling cryptosporidium is proving more difficult…………Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/jerry1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Today’s Daily Mail story was written by Kevin Keane.Speaking to Greg Hughes on the Shaun Doherty Show today, he said there is no evidence that there is Cryptosporidium in Letterkenny’s water supply, but the risk is there, and that’s why the EPA is taking action……..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/08/kkeancrypto.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Main Evening News, Sport and Obituaries Tuesday May 25th Previous articleJoe Mc Mahon hopes to make semi final but may need surgeryNext articleMissing County Derry man last seen in Letterkenny – PSNI admin Google+center_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Twitter 75 positive cases of Covid confirmed in North EPA hits out at Irish Water for lack of progress on Letterkenny and other water systems Homepage BannerNews Facebook Further drop in people receiving PUP in Donegal WhatsApp Man arrested on suspicion of drugs and criminal property offences in Derry last_img read more

first_imgTop StoriesAny “Senior, Responsible Officer” From Facebook Can Appear Before Delhi Legislative Assembly: Dr. Abhishek Singhvi Clarifies Before Supreme Court Nupur Thapliyal3 Feb 2021 1:14 AMShare This – xIn an interesting development, Dr. Abhishek Manu Singhvi, senior counsel appearing on behalf of Delhi Legislative Assembly informed the Supreme Court that “any senior, responsible officer from Facebook” can come and appear before the Assembly and not necessarily Mr. Ajit Mohan. The clarification came after the Supreme Court continued to hear Facebook India Vice President, Ajit Mohan’s…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn an interesting development, Dr. Abhishek Manu Singhvi, senior counsel appearing on behalf of Delhi Legislative Assembly informed the Supreme Court that “any senior, responsible officer from Facebook” can come and appear before the Assembly and not necessarily Mr. Ajit Mohan. The clarification came after the Supreme Court continued to hear Facebook India Vice President, Ajit Mohan’s challenge to the two summons issued by the Delhi Legislative Assembly’s Committee On Peace and Harmony asking him to appear to look into the role of fake news behind the Delhi riots of February 2020.[Facebook India VP’s Challenge against Delhi Assembly Summons] Supreme Court bench headed by Justice S.K. Kaul will today hear Facebook India Vice President, Ajit Mohan’s plea challenging the summons issued to him by Delhi Assembly’s Committee on Peace and [email protected] pic.twitter.com/lCm2CRu3No— Live Law (@LiveLawIndia) February 3, 2021 The basis of this clarification was formed by the arguments advanced by Mr. Salve contending that the Committee on Peace and Harmony formed by the Delhi Legislative Assembly had specifically named Mr. Ajit Mohan in order to compel his attendance to give evidence on oath before the Committee.Dr. Singhvi responded to a question asked by Justice Kaul indicating that Mr. Salve had submitted that the Assembly cannot compel Mr. Mohan to give evidence on oath and that the Assembly did not send notice to Facebook for sending “any other alternative competent person” accustomed with the facts of the case. To this, Dr. Singhvi replied “I have never said that apart from Mr. Ajit Mohan anyone else cannot be recognized before us.” At the outset, Justice Kaul recorded the submission by remarking “I have noted your argument that “any senior competent officer can come before us and not just Mr. Mohan.” The bench had then risen for lunch break. The hearing will continue after the bench reassembles. Live updates of the hearing can be accessed hereSubscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

first_imgLondon and SE England estate agency Power Bespoke has signed a partnership with a leading development company to offer vendors a refurbishment and extension price estimator service as part of its marketing service.Both sides say the services is a first of its kind within the housing market, enabling Power Bespoke vendor to inform buyers about the potential improvements to be made to each property and their likely cost.The partnership is with Stoke Park Developments, which some agents may recognised from its appearance on Sarah Beeny’s latest TV show Renovate Don’t Relocate just before Christmas.Power Bespoke founder Perry Power (pictured) says vendors and buyers will be able to read a ‘Property Improvement Report’ for each home sold by the estate agency for free, subject to the vendor’s agreement.“I’ve always felt that estate agents should do more for both sellers and buyers in order to illustrate the potential a property might have,” said Power.“Both parties will gain a better insight into the potential for extending or remodelling a property, what the process would entail and how much it would cost.”Geoff Saunders (pictured), Managing Director Stoke Park Developments, says: “We’re very excited to be working with Power Bespoke. As both companies have similar values and a firm foothold within the luxury property market, we think it’s the perfect time and a fantastic opportunity.”Perry Power became an estate agent in 2003 and worked at several well-known agencies including Andrews, Pinnacle and Fine & Country before setting up Power Bespoke in 2014.power bespoke Stoke Park Developments Perry Power February 9, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Agency launches free ‘improvement cost reports’ for vendors and buyers previous nextAgencies & PeopleAgency launches free ‘improvement cost reports’ for vendors and buyersPower Bespoke and Stoke Park Developments have signed a partnership that will enable buyers to understand a home’s development potential early on.Nigel Lewis9th February 202101,466 Viewslast_img read more