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Stride talks up UK growth prospects as full-year losses fall

first_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 21st November 2018 | By contenteditor Bingo operator Stride Gaming has claimed that its proprietary technology will help increase its UK market share once the increase in remote gaming duty is implemented in April 2019, after growing revenue and cutting losses for the year ended August 31.The company reported an 8.7% year-on-year increase in net gaming revenue to £89.0m for the year, driven by the strong performance of the group’s proprietary technology platform. Revenue generated through the platform grew 23.8% to £60.5m, accounting for 68% of total revenue.Over the year player deposits were up 6.8% to £157m, though yield per player fell marginally to £144. Funded player accounts also declined, falling 6.1% to 137,000, which Stride blamed on its strategy of focusing on increasing player lifetime value and reducing the number of customers using free bets. Since August 2017, these bets have been subject to point of consumption tax on the value of the free plays.The operator also reported growth in mobile play, with 69% of revenue generated through mobile and touch devices, up from 66% at the end of the 2017 financial year.Adjusted earnings before interest, tax, depreciation and amortisation fell 18.2% year-on-year to £16.1m, which Stride blamed on gaming duty being applicable to free bets. On a like-for-like basis, adjusting for the effect of the new tax, underlying adjusted EBITDA would have been up 1.5% from FY 2017. The tax also contributed £3.8m towards the cost of sales for the year, which rose 37.9% to £16.0m.“Against a very challenging trading environment, we are pleased to report very satisfactory 8.7% growth in net gaming revenue and an adjusted EBITDA of £16.1m,” Stride chief executive Eitan Boyd (pictured) said. “This was achieved after absorbing £3.9m of additional fiscal and regulatory costs, and further demonstrates the strength of our experienced and dedicated team, scale, proprietary technology and unique in-house ecosystem.”Distribution costs, including licensing, processing, royalties for third-party games and platforms and marketing, rose to £35.8m, or 41.9% of group net gaming revenue. Stride said that it was focused on migrating players from third party sites to its proprietary platform in a bid to reduce costs, which contributed to marketing expenses rising 8% year-on-year to £22.3m. Administrative costs, including staff-related expenses, were up 11% at £18.0m.Stride also saw its results impacted – both positively and negatively – by a number of exceptional items. The company was fined £7.1m by the UK Gambling Commission for failings relating to the social responsibility and anti-money laundering processes of its Daub Alderney subsidiary earlier this month. After initially complaining about the size of the fine, Stride has decided not to appeal the decision, and has now made a full provision for the penalty charge in its 2018 accounts.The operator received a £6.0m payment from Rank Group for QSB Gaming, a Spanish-facing iGaming operator in which Stride held a 24.2% stake. For the reporting period, it realised a total profit of £10.4m from the disposal. It also made a loss of £4.4m from the discontinuation of its social gaming business InfiniApps, which has been put up for sale.Finance expenses for the period amounted to £0.6m, with an additional £0.5m paid in tax, which ultimately saw the company report a post-tax loss of £5.0m, down significantly from losses of £25.6m in the prior year.Looking ahead, Stride said that it expected to capitalise on the disruption resulting from the remote gaming duty increase in the UK. It explained that it expected to take market share from competitors unable to mitigate the increased financial burden, as well as taking advantage of opportunities arising from market consolidation.“We have started the new financial year in a strong cash position with net cash of £26.6 million. We recently concluded lengthy discussions with the UKGC, not least so we can singularly concentrate on optimising the undoubted opportunities for us in the UK market, a market which, while challenging, remains the largest single regulated gaming market in the world,” Boyd continued.He said that trading since the start of Stride’s current financial year had been satisfactory and in-line with expectations.“Looking further ahead, the board is confident in the quality, flexibility, efficiency and robustness of the group’s operating model and ability to continue to grow in both relative and absolute terms despite the trading environment,” Boyd added. Topics: Casino & games Social gaming Casino & games Stride talks up UK growth prospects as full-year losses fall Operator believes proprietary platform will help mitigate UK gaming duty increaselast_img read more

Northern Nigeria Flour Mills Plc (NNFM.ng) 2018 Annual Report

first_imgNorthern Nigeria Flour Mills Plc (NNFM.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2018 annual report.For more information about Northern Nigeria Flour Mills Plc (NNFM.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Northern Nigeria Flour Mills Plc (NNFM.ng) company page on AfricanFinancials.Document: Northern Nigeria Flour Mills Plc (NNFM.ng)  2018 annual report.Company ProfileNorthern Nigeria Flour Mills Plc is a milling company in Nigeria which mills wheat and other grains and sells its products under the Golden Penny brand name. Products produced by Northern Nigeria Flour Mills Plc include wheat flour, semovita, wheat offal, masaflour, germ flour, masavita and corn offal. Its retail and wholes range for banking and confectionary includes Golden Penny flour, Golden Penny sugar and Golden Penny rice. The company’s head office is in Kano, Nigeria. Northern Nigeria Flour Mills Plc is listed on the Nigerian Stock Exchangelast_img read more

Presco Plc (PRESCO.ng) Q12020 Interim Report

first_imgPresco Plc (PRESCO.ng) listed on the Nigerian Stock Exchange under the Agricultural sector has released it’s 2020 interim results for the first quarter.For more information about Presco Plc (PRESCO.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Presco Plc (PRESCO.ng) company page on AfricanFinancials.Document: Presco Plc (PRESCO.ng)  2020 interim results for the first quarter.Company ProfilePresco Plc is a fully-integrated agro-industrial company in Nigeria with business interests in the cultivation of oil palm plantations and milling and crushing palm kernels to produce a range of refined vegetable oil. The company also has a packaging plant and a biogas plant which treats its palm oil mill effluent. Presco Plc specialises in cultivating oil palm and extracting, refining and fractionating crude palm oil into finished products. The company supplies specialty fats and oils of outstanding quality. Presco Plc has a concession of 6 462 hectares at Obaretin Estate; 12 560 hectares at Ologbo Estate; 2 800 hectares at Delta Estate; and 17 000 hectares at Sakponba Estate. Presco Plc is a subsidiary of Siat, a Belgian agro-industrial company which specialises in cultivating smallholder plantations of mainly oil palm and rubber tree crops. Siat has a major stake in the Ghana Oil Palm Development Company (GOPDC) in Ghana, Siat Gabon in Gabon and Compagnie Heveicole de Cavally in Ivory Coast. The company’s head office is in Edo State, Nigeria. Presco Plc is listed on the Nigerian Stock Exchangelast_img read more

Apopka Pet Supermarket hosts Flea and Tick Prevention workshop

first_img TAGSPet Supermarket Previous articleChanging seasonal watering needs are focus of year-long Water Less campaignNext articleHow to Move Up in the Police Force – Tips for Advancing Your Career Denise Connell RELATED ARTICLESMORE FROM AUTHOR From Pet SupermarketSpring is just around the corner and that means sunshine, flowers, and the inevitable return of fleas and ticks. To better prepare pet owners for flea and tick season, Pet Supermarket will host a Flea and Tick Prevention workshop on Saturday, March 14 at 2 p.m. in all stores. All are invited to attend this free educational workshop.   During the event, pet experts from Pet Supermarket will teach pet parents about the basics of flea and tick prevention and recommend specific products for pets. Following the workshop, pet parents are invited to participate in a Q&A session to identify the right products for their pets. Additionally, stores will raffle off a gift bag with a $10 voucher and dog toy.   WHAT: Pet Supermarket’s Flea & Tick Prevention Workshop  WHERE: The Apopka Pet Supermarket at Hunt Club Corners 534 South Hunt Club BoulevardWHEN: Saturday, March 14th, from 2-3 p.m.  Support conservation and fish with NEW Florida specialty license plate Please enter your comment! Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 The Anatomy of Fear You have entered an incorrect email address! Please enter your email address here LEAVE A REPLY Cancel reply Save my name, email, and website in this browser for the next time I comment. Share on Facebook Tweet on Twitter Please enter your name herelast_img read more

New insurance company offers affinity products

first_img Howard Lake | 12 September 2005 | News New insurance company Totally Insured Group (TIG) is offering to split its commission with charities on all new insurance products generated by their supporters.Each time someone arranges their life insurance, critical illness or mortgage protection through TIG’s Charity-Aid scheme, TIG will make a donation to the charity of the client’s choice, worth up to six months of premiums. TIG says that it will compare quotes from a range of leading insurance companies such as Norwich Union, Legal & General, Liverpool Victoria and Scottish Provident and then secure the best deal for the client.Ron Moonesinghe, Managing Director of TIG, said: “By donating a proportion of our commission when we arrange policies, we hope to raise thousands of extra pounds for charities across the UK.” Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img  19 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis New insurance company offers affinity productslast_img read more

Fundraising Success Set (set is made up of ISBN 0787949949 and ISBN 0787956740) (Mal Warwick Fundraising)

first_img Howard Lake | 20 January 2008 | News  14 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Fundraising Success Set (set is made up of ISBN 0787949949 and ISBN 0787956740) (Mal Warwick Fundraising) About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

‘A Lot of Support’ in Indiana House and Senate for INFB…

first_img ‘A Lot of Support’ in Indiana House and Senate for INFB Healthcare Legislation ‘A Lot of Support’ in Indiana House and Senate for INFB Healthcare LegislationIndiana Farm Bureau hosted state legislators Wednesday in downtown Indy to discuss policy priorities for the new legislative session that opened on Monday. The top priority this year is healthcare. Legislation is being proposed that will allow for sole proprietors to have options for more affordable health coverage.“How affordable that will be that remains to be seen,” said INFB Vice President Kendell Culp, a Rensselaer farmer. “That kind of depends on who gets approved for that…you know, what their medical conditions are, but what we’ve seen in other states that have sponsored this type of legislation, that have offered it, that it saves a significant amount, is what they’re telling us, in premium.”Kendell CulpCulp says it’s important for members to know that they aren’t starting from scratch with this legislation. Other states have done it and INFB is looking to partner with another state Farm Bureau to accomplish the goal.“That state already has this and has had a health benefit program for 20 years. We are hopeful by the end of the year that we could be in a position to start selling policies. Kansas did this last year. Kansas sold policies within that first year and are up and running, and it had really good results from that.”The proposed plan wouldn’t guarantee coverage for a sole proprietor, but it gives another option for coverage.“There’s no product out there on the market right now that fits everybody’s needs, and so yes there are underwriting guidelines that would go with this. If you have certain serious conditions, you may not qualify for this plan, so you would have to look to the marketplace for another plan that you would qualify for and those are out there.”Culp said they’re hearing from some states that about 80% of those who apply meet the underwriting guidelines and have a policy written for them.Early on, the prospects of getting the legislation through to Governor Eric Holcomb’s desk looks promising. Indiana Senate Majority Floor Leader Mark Messmer from Jasper told the luncheon crowd that the legislation has a lot of support in the Senate. Indiana House Ag Chair Don Lehe from Brookston told HAT, “Yeah, it will be a priority. (There is) a lot of support in the House.”State Representative Don Lehe (R-Brookston) SHARE By Eric Pfeiffer – Jan 8, 2020 SHARE Previous articleFeds Side with Monsanto in Roundup Cancer CaseNext articleSupport Grows in Indiana House and Senate for INFB Healthcare Legislation on the HAT Thursday Morning Edition Eric Pfeiffer Home Indiana Agriculture News ‘A Lot of Support’ in Indiana House and Senate for INFB Healthcare… Facebook Twitter Facebook Twitterlast_img read more

Donegal Councillors to write to Minister Phil Hogan opposing water charge plan

first_img Gardai continue to investigate Kilmacrennan fire 75 positive cases of Covid confirmed in North Google+ Further drop in people receiving PUP in Donegal Facebook Facebook Google+ Twitter Donegal County Council has backed a motion calling for the abandonment of plans to impose domestic water charges. The issue was raised by Cllr Jack Murray, who moved a lengthy motion condemning the lack of investment in water infrastructure, and stating that the central taxation system is the only equitable way to get people to pay for water.Anything else, he argued, is putting further pressure on people who are already struggling as a result of the recession and cuts in wages and benefits.Cllr Murray says a similar motion is being brought to every local council in the country, and he’s hopeful a clear demand from local councils will prompt Environment Minister Phil Hogan to change his mind……………[podcast]http://www.highlandradio.com/wp-content/uploads/2011/06/murry530.mp3[/podcast] Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry Twittercenter_img By News Highland – June 27, 2011 Donegal Councillors to write to Minister Phil Hogan opposing water charge plan Previous articleCouncil supports Gallagher but formal nomination can’t be made until autumnNext articleCouncillor McBride elected Mayor News Highland WhatsApp WhatsApp Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th RELATED ARTICLESMORE FROM AUTHOR 365 additional cases of Covid-19 in Republic Newsx Advertslast_img read more

Donegal County Council to seek funding for A5 linkages

first_imgNewsx Adverts RELATED ARTICLESMORE FROM AUTHOR Pinterest WhatsApp Twitter Facebook Further drop in people receiving PUP in Donegal Previous articleCrawford calls for housing grant reviewNext articleDonegal man on Gaza ship detained by Israeli forces News Highland Pinterest Facebook Twitter Man arrested on suspicion of drugs and criminal property offences in Derry center_img WhatsApp Google+ 365 additional cases of Covid-19 in Republic Donegal County Council to seek funding for A5 linkages By News Highland – June 1, 2010 County Councillors have agreed to seek a meeting with the the Transport ministers on both sides of the border in an attempt to secure funding for Donegal linkages to the new A5 motorway from Derryto Aughnacloy.In response to motions from Councillors Cora Harvey and Mick Quinn on the issue the council has also agreed to seek an urgent meeting with the National Roads Authority.There are concerns that little progress is being made on improving the N15 Ballybofey to Lifford and the N14 Letterkenny to Lifford roads. However Councillors were told that the delay is not from within thecounty but through a lack of funding at a national level.Councillor Mick Quinn says it is important that funding is secured……….[podcast]http://www.highlandradio.com/wp-content/uploads/2010/06/000quinn830.mp3[/podcast] Google+ Main Evening News, Sport and Obituaries Tuesday May 25th 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

[Default Bail] Madras HC Constitutes DB To Settle Conflicting Views On Applicability Of SC Order Extending Limitation On Section 167(2) CrPC

first_imgNews Updates[Default Bail] Madras HC Constitutes DB To Settle Conflicting Views On Applicability Of SC Order Extending Limitation On Section 167(2) CrPC LIVELAW NEWS NETWORK13 May 2020 9:18 AMShare This – xThe Chief Justice of the Madras High Court, Justice AP Sahi has constituted a division bench for answering a reference as to whether the Supreme Court’s order dated March 23 In Re: Cognizance For Extension Of Limitation, for extension of limitation during the lockdown period, is applicable to police investigation under Section 167(2) of the CrPC for default bail. The reference has…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?LoginThe Chief Justice of the Madras High Court, Justice AP Sahi has constituted a division bench for answering a reference as to whether the Supreme Court’s order dated March 23 In Re: Cognizance For Extension Of Limitation, for extension of limitation during the lockdown period, is applicable to police investigation under Section 167(2) of the CrPC for default bail. The reference has been made pursuant to two conflicting views adopted by two single Judges of the High Court. In an order pronounced on May 8 in “Settu vs The State”, Justice G R Swaminathan had interpreted the SC’s order as applicable only to limitation period for filing cases under the Limitation Act, 1963. He had observed that the order did not touch upon any specific extension of time for completing investigation under Section 167(2). Hence, it was held that once the mandatory period of 60/ 90 days as prescribed under the provision expires, the accused is entitled for default bail. A similar order was also passed by the Uttarakhand High Court, in Vivek Sharma v. State of Uttarkhand, whereby Justice Alok Kumar Verma had held that the SC order for extension of limitation does not mean that the Court had extended the 60 days/ 90 days period of police investigation prescribed under Section 167(2). Taking a contrary view however, in S. Kasi v. State through The Inspector of Police, Justice G. Jayachandran observed that to hold that the SC order is not applicable to the time period for filing final report amounts to “mocking” the Apex Court. He held that the period of limitation for investigation under Sec.167 CrPC would also stand extended, keeping in view the extraordinary situation of the Covid-19. Accordingly, Justice Sahi has stated in the reference that “there are two conflicting opinions arising out of the orders referred to above and in my considered view, since the same is likely to have a direct impact on bail orders to be passed by the Subordinate Judiciary or even by this Court, the matter deserves to be resolved by an authoritative pronouncement.” The reference has been placed for consideration before a Division Bench presided over by Justice PN Prakash at Madurai Bench itself. The reference to be answered that is: “Whether the orders passed by the Apex Court on 23rd March, 2020 and 6th May, 2020 in Suo Motu Writ Petition (Civil) No.3 of 2020 also apply to the proceedings under Sec.167(2) Cr.P.C. and consequently which of the two opinions expressed by the learned single Judges in the case of Settu (supra) and Kasi (supra) lays down the law correctly?” Click Here To Download Order Read Order Next Storylast_img read more