-- China Shineway Pharmaceutical Group (HKG:2877) recorded a turnover of 624 million yuan in the first quarter, down 18% year over year.
The Hong Kong-listed pharmaceuticals company said Thursday turnover from its injection, TCM formula granules and other products fell during the period, while that for soft capsule and granule products increased.
Nila Spaces (NSE:NILASPACES, BOM:542231) recorded a consolidated net profit attributable to owners of 92 million Indian rupees in the fiscal fourth quarter, almost double compared with 47.2 million rupees a year ago, according to an Indian bourse filing on Thursday.Earnings per share for the quarter ended March 31 climbed to 0.24 rupees from 0.12 rupees a year earlier.The real estate company's revenue from operations in fiscal Q4 increased year on year to 498.0 million rupees from 397.6 million rupees.
BMO Capital Markets on Thursday downgraded its rating on the shares of Tourmaline Oil (TOU.TO) to market perform from outperform while raising its price target to C$70.00 from an undisclosed prior level following first-quarter results from the Western Canadian natural-gas producer."TOU reported slightly lower-than-expected CFPS results with volumes coming largely in line with estimates. TOU's share price has moved in line with our target price, and we see limited room for further multiple expansion given the large premium to peers. Furthermore, TOU's natural gas volumes are heavily exposed to floating WCAD and U.S. Pacific prices, which we suspect will continue to underperform in the near term due to growing storage levels. Accordingly, we are lowering our investment opinion to Market Perform but modestly raising our target price to $70," analyst Randy Ollenberger wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $62.99, Change: $-3.87, Percent Change: -5.78%
Oswal Pumps (NSE:OSWALPUMPS, BOM:544418) said its wholly owned subsidiary, Oswal Solar Energy, has incorporated Oswal Doon Baran Bundi Solar Projects Ltd, according to a Thursday filing on Indian bourses.The SPV has been formed to execute rooftop solar projects on state government buildings in Rajasthan under a hybrid annuity model, the filing said.Oswal Solar holds 60% stake in the SPV, while Doon Infrapower Projects holds the remaining 40% stake, it added.