Utenos Trikotažas Increased Revenue and Restored Profitability
Globenewswire· 2026-02-27 20:15
Core Insights - Utenos Trikotažas returned to profitability with a pre-tax profit of EUR 60 thousand, recovering from a pre-tax loss of EUR 3.46 million in 2024 [1] - The company's core segment, contract manufacturing, saw a significant sales increase of 51.1% to EUR 19.5 million, while its own brand, UTENOS, grew by 3.2% to EUR 2.4 million [1] Financial Performance - The Group generated EUR 22.9 million in sales and services, marking a 28.7% increase compared to EUR 17.8 million in 2024 [3] - A one-off write-down of EUR 1 million related to financial assets from the Šatrija subsidiary negatively impacted financial results; without this, the profit before tax would have been EUR 1.07 million for the company and EUR 0.53 million for the Group [6] Strategic Initiatives - The year 2025 was identified as a turning point due to the effective implementation of a restructuring plan, which optimized operational structure and reduced liabilities [4] - The merger of subsidiary Utenoswear into Utenos Trikotažas was completed, and the sale of the controlling stake in the Ukrainian company Mrija was executed, allowing the Group to focus on higher value-added knitwear products [5] Brand Development - The CEO emphasized a focus on developing complex, innovative products and high-quality wool products, indicating a transformation of the UTENOS brand starting in 2025 [2] - The company is modernizing retail stores and collaborating with Lithuanian fashion designers to enhance its market presence [3]
RECX Appoints TRL Outdoors to Accelerate MAX ATV Dealer Expansion and Commercial Market Growth
Globenewswire· 2026-02-27 19:47
RECX’s manufacturer’s representative agreement supports nationwide dealer onboarding and disciplined, milestone-driven growthBRADENTON, Fla., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Recreatives Industries, Inc. (OTC: RECX) (“Recreatives” or the “Company”), manufacturer of the legendary MAX 6x6 Amphibious All-Terrain Vehicles, today announced that it has entered into a manufacturer’s representative agreement with TRL Outdoors LLC, doing business as Muddog Amphibious Vehicles, to accelerate dealer network expansion ...
Consolidated Unaudited Interim Report of AS PRFoods for the 2nd quarter and 6 months of 2025/2026 financial year
Globenewswire· 2026-02-27 19:38
MANAGEMENT COMMENTARYPRFoods’ second quarter of the financial year continued to take place in a challenging economic environment, characterized by weak consumption, price sensitivity, and increased cost pressure. This has particularly affected the Group’s operations in Estonia and nearby markets. At the same time, management has remained focused on core activities, cost control, and strengthening the financial structure. In the second quarter of the financial year, the Group’s revenue amounted to EUR 5.1 mi ...
Tevogen Signs Letter of Intent to Evaluate Potential Acquisition of a Contract Research Organization
Globenewswire· 2026-02-27 19:20
Tevogen Signs Letter of Intent to Evaluate Potential Acquisition of a Contract Research Organization Tevogen Signs Letter of Intent to Evaluate Potential Acquisition of a Contract Research Organization WARREN, N.J., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Tevogen (“Tevogen Bio Holdings Inc.” or “Company”) (Nasdaq: TVGN) today announced that it has entered into a signed, non-exclusive, non-binding Letter of Intent (“LoI”) to evaluate a potential transaction with a distinguished global Contract Research Organ ...
Precision Drilling Corporation Announces Dual Listing on NYSE Texas
Globenewswire· 2026-02-27 19:13
CALGARY, Alberta, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) (TSX:PD; NYSE:PDS) today announced that its common shares have been approved for dual listing on NYSE Texas, a fully electronic equities exchange headquartered in Dallas, Texas, which launched in March 2025. Precision will maintain its primary listing on the New York Stock Exchange (NYSE) and trade with the same “PDS” ticker symbol on NYSE Texas, effective March 2, 2026. The Company’s common sha ...
Changes in the Management Board of AB Pieno žvaigždės
Globenewswire· 2026-02-27 19:00
AB Pieno žvaigždės hereby informs about changes in the Company’s Management Board. By the decision of the Company’s Supervisory Council, Marketing Director Eglė Kvaraciejūtė-Ivanauskienė has been elected to the Management Board of the Company. By the decision of the Management Board, Eglė Kvaraciejūtė-Ivanauskienė has been elected Chairwoman of the Management Board. Additional information:Laimonas VaškevičiusChief Financial OfficerTel. +370 5 246 1419 ...
Nordic Fibreboard AS unaudited results for fourth quarter of 2025
Globenewswire· 2026-02-27 18:49
MANAGEMENT REPORT Nordic Fibreboard AS consolidated net revenue in Q4 2025 was €1.74 million, representing a 14.7% increase compared to the same period of the previous year (Q4 2024: €1.51 million). The Group's main business activity is the production and wholesale of fibreboard, which accounted for the vast majority of the Group's revenue in Q4 2025. The second segment is the management of the property located on Suur-Jõe Street in Pärnu, which contributed 0.04% of total Q4 2025 revenue (Q4 2024: 0.1%). In ...
FCHL to Hold Extraordinary General Meeting on March 20, 2026
Globenewswire· 2026-02-27 18:45
SINGAPORE, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Fitness Champs Holdings Limited (“Fitness Champs Holdings”, “FCHL” or the “Company”) (NASDAQ: FCHL), a distinguished aquatic sports education provider in Singapore, will hold an Extraordinary General Meeting of Shareholders (the “EGM”) at 7030 Ang Mo Kio Street, Avenue 5, #04-48, North Star@AMK, Singapore at 10 a.m. (Singapore Time) on March 20, 2026 (9 p.m. Eastern Standard Time on March 19, 2026). Holders of the Company’s class A ordinary shares (the “Class A O ...
Unaudited financial results of AB Pieno žvaigždės for 2025
Globenewswire· 2026-02-27 18:45
According to preliminary unaudited data, the sales revenue of AB Pieno žvaigždės in 2025 was EUR 218.4 million or 3.8% more than a year earlier (sales revenue in 2024 was EUR 210.4 million). EBITDA in 2025 was EUR 12.1 million compared to EBITDA of EUR 18.1 million a year ago. In 2025 the company had a net profit of EUR 4.6 million ( In 2024, the company had a net profit of EUR 10.1 million). Laimonas Vaškevičius CFO +370 52461419 Attachment 2025_q4_en_eur_solo_ias ...
Report for the second half and the twelve months of 2025
Globenewswire· 2026-02-27 18:42
Oslo, 27 February 2026 Highlights in the quarter Interoil’s Total operated production for the six-month period amounted to 312,937 barrels of oil equivalent (boe), representing a decline from 346,001 boe recorded in the same period of 2024. Operations in Argentina were negatively affected by winter conditions that damaged surface oil lines, while failures in power generation and compression equipment further compounded the impact. Despite lower production volumes, the effect on revenues was mitigated by hig ...