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Arcs' Full-Year Profit Increases 13%, Raises Final Dividend Forecast

Arcs' (TYO:9948) profit attributable to owners of the parent increased 13% to 12.4 billion yen for the fiscal year ended Feb. 28 from 11.1 billion yen a year earlier.The retailer's basic earnings per share increased to 231.36 yen from 204.96 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales rose 3.1% to 627 billion yen from 608.3 billion yen in the prior year.In a separate filing, Arcs raised its year-end dividend forecast to 45 yen per share, up from the previously revised forecast of 43 yen and payable on May 27.This brings the total annual dividend to 82 yen per share, including the 37 yen interim dividend, subject to approval at the shareholders' meeting on May 26.For the fiscal year ending Feb. 28, 2027, the company expects an attributable profit of 12.4 billion yen, basic EPS of 232.73 yen, and net sales of 648 billion yen.Arcs plans to pay interim and year-end dividends of 41 yen per share, each, for the current year.

TYO:9948

Asia153d ago

Shalby's Ahmedabad Unit Gets Kidney Transplant Approval

Shalby (NSE:SHALBY, BOM:540797) said its Krishna unit in Ahmedabad, Gujarat has secured approval to conduct kidney transplants for a period of five years, effective April 9, according to an Indian bourse filing on Saturday.Shares of the company rose 1% in Monday's trade.Following the approval, the facility can now offer transplant services along with pre- and post-transplant care at the same location, the filing said.

BOM:540797NSE:SHALBY

US Markets153d ago

Indonesian Retail Sales Expected to Strengthen in March

Holiday foot traffic is expected to have boosted retail sales in Indonesia in March, reported Bank Indonesia on Monday.The nation's Real Sales Index (RSI) survey for March, in which respondents estimate sales, rose 2.4% on year, said the central bank.The rise in on-year retail sales is primarily supported by growth of vehicle spare parts and accessories, food, beverages and tobacco, as well as cultural and recreational goods, said Bank Indonesia.On month, surveyed retailers predict sales in March to grow by 9.3% from February, due to the "Ramadan 1447 H and the Eid-ul-Fitr national religious holiday," explained Bank Indonesia.In February, the retail sales index posted annual growth of 6.5% on year, said the central bank.On the inflation front, survey respondents in March expected a build-up of inflationary pressures in the next three months, while pressures in the next six months are expected to remain relatively stable.One reason the national inflation outlook is stable is that the Indonesian national government subsidizes fuel.The Indonesian government has committed to maintaining fuel subsidies through the end of the year, despite large fiscal costs caused by rising oil prices after Iran blocked of the Strait of Hormuz in March, said Minister of Energy and Mineral Resources Bahlil Lahadalia, in early April.

^JKSE

Oil & Energy153d ago

TotalEnergies Makes Hydrocarbon Discovery in Congo, Plans Extraction

TotalEnergies (TTE) affiliate TotalEnergies EP Congo has made a hydrocarbon discovery offshore Republic of the Congo in the area covered by its Moho license after drilling for an exploration well, it said on Monday.Together with a previous discovery in the Moho F structure, combined recoverable resources are now estimated at about 100 million barrels, which will be developed as a tieback to existing Moho infrastructure, the statement said.The drilling of the MHNM-6 NFW well in the Moho G structure led to the discovery of a hydrocarbon column of about 160 meters in "good-quality Albian reservoirs" with extensive sampling carried out.The development will benefit from proximity to existing installations "allowing a short cycle, cost effective tie-back development," according to Nicola Mavilla, Senior Vice-President for Exploration.TotalEnergies EP Congo is the operator of the Moho license, with a 63.5% stake while Trident Energy holds 21.5% and the Societe Nationale des Petroles du Congo holds 15%. Production facilities already in place include two floating production units.

$TTE

Asia153d ago

Indonesia's Prabowo Visits Russia for Oil Supply Talks with Putin

Indonesian President Prabowo Subianto departed for Russia on Sunday for talks with President Vladimir Putin, with oil and energy security expected to feature mainly in the discussions, state media Antara News reported Monday.Energy Ministry spokesperson Dwi Anggia said the trip continues long-standing bilateral cooperation and aims to strengthen long-term energy resilience amid ongoing global uncertainty. She added that the participation of Energy and Mineral Resources Minister Bahlil Lahadalia highlights the strategic role of the energy sector in supporting national priorities.Cabinet Secretary Teddy Indra Wijaya said talks will include efforts to maintain a reliable crude oil supply for Indonesia. The discussions come against a backdrop of shifting geopolitical and energy market conditions, the report said.

^JKSE

Asia153d ago

U-Next's Profit Climbs 4.7% in Fiscal H1

U-Next's (TYO:9418) profit attributable to owners of the parent climbed 4.7% to 9.88 billion yen in the fiscal first half from 9.44 billion yen a year earlier.The electric services company's basic earnings per share increased to 54.80 yen from 52.32 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 14% to 212.8 billion yen for the six months ended Feb. 28 from 186.8 billion yen in the prior year.It declared a final dividend of 8.50 yen per share for the year, payable from May 25.For the fiscal year ending Aug. 31, the company expects attributable profit of 18.5 billion yen, basic EPS of 102.57 yen, and net sales of 424 billion yen.U-Next plans to pay a year-end dividend of 8.50 yen per share for the current year, bringing the total annual payout to 17 yen, which is higher than the 15.50 yen paid in the year-ago period.

TYO:9418

Asia153d ago

NCL Industries Cement Production, Dispatches Edge Higher in Fiscal Q4

NCL Industries (NSE:NCLIND, BOM:502168) said its cement production grew 2% in the fiscal fourth quarter to 802,600 metric tonnes (MT) from 790,663 mt a year ago, according to a Saturday filing with the Indian bourses.Shares of the cement and ceramics manufacturer rose nearly 2% in Monday's trade.Cement dispatches during the quarter ended March 31 rose 1% year on year to 804,813 MT from 794,096 MT a year earlier, the filing said.

BOM:502168NSE:NCLIND

Asia153d ago

ANTA Sports Logs High-Single Digit Growth in ANTA Sales in Q1 2026

ANTA Sports Products (HKG:2020) recorded high-single digit positive growth in the retail sales of ANTA-branded products in the first quarter of 2026 from a year prior, a Monday Hong Kong bourse filing said.The company's FILA-branded products recorded low-teens digit positive growth year-on-year during the quarter, the firm said.The retail sales of all other branded products logged a 40% to 45% positive growth year over year in the period.

HKG:2020

Asia153d ago

Wai Chun Bio-Technology Eyes Energy Sector Shift with $50 Billion South Korea Deal

Wai Chun Bio-Technology (HKG:0660) said it signed a memorandum of understanding to develop new energy projects, including a pipeline of at least $50 billion in South Korea, according to a Monday Hong Kong bourse filing.The projects will cover wind and solar developments, with additional expansion planned across markets including Southeast Asia, Central Asia, North America, and the Middle East, the company said.Wai Chun said it will act as lead coordinator and controlling shareholder, partnering with central state-owned enterprises, multinational corporations and financial institutions.The company also proposed to change its name to Wai Chun Energy Group to reflect its planned expansion into the new energy sector.

HKG:0660

Asia153d ago

Prudential Buys Back Shares

Prudential (HKG:2378, SGX:K6S) bought back 252,590 shares in London on April 10 at an average price of about 11.23 pounds sterling apiece, according to a Monday Hong Kong bourse filing.The insurer intends to cancel the repurchased shares.Following the transaction, the company will have about 2.53 billion shares in issue.

HKG:2378SGX:K6S

Oil & Energy153d ago

BP to Acquire Interest in 3 Namibian Offshore Blocks

Oil major BP (BP) said Monday it will acquire Eco Atlantic Oil & Gas's 60% interest in three offshore exploration blocks in Namibia for an undisclosed amount.Once the transaction is finalized and approved by the authorities, BP will be the operator of PEL97, PEL99, and PEL 100 offshore blocks in Walvis Basin, with Eco Atlantic and National Petroleum Corp. of Namibia serving as partners.This agreement marks BP's entry into the country as an operator, following hydrocarbon discoveries in the region through BP-Eni joint venture Azule Energy, the company said.BP's recent exploration discoveries in Namibia include Volans-1X and Capricornus-1X in the Orange Basin.The company's exploration portfolio has recently expanded with 12 discoveries in 2025 and another two so far this year.

$BP

Asia153d ago

Hisamitsu Pharmaceutical's Full-Year Profit Drops 12%

Hisamitsu Pharmaceutical's (TYO:4530) profit attributable to owners of the parent fell 12% to 19.2 billion yen for the fiscal year ended Feb. 28 from 21.8 billion yen a year earlier.The pharmaceutical group's earnings per share declined to 268.22 yen from 295.15 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales rose 4.5% to over 163 billion yen from 156 billion yen in the prior year.For the fiscal year ending Feb. 28, 2027, the company does not provide an earnings forecast due to its scheduled delisting on May 11.Hisamitsu Pharmaceutical plans to pay no dividends for the current fiscal year, which is lower than the 90 yen per share paid in the year-ago period.

TYO:4530

Asia153d ago

Sterlite Technologies' Interim Chief Human Resource Officer; Shares Up 5%

Sterlite Technologies (NSE:STLTECH, BOM:532374) said its interim chief human resource officer, Saumya Mondal, has passed away on April 12, according to a Monday filing to the Indian stock exchanges.The company's shares were up 5% in recent trade.

BOM:532374NSE:STLTECH

Asia153d ago

Adani Enterprises Incorporates Four Units; Shares up 3%

Adani Enterprises (NSE:ADANIENT, BOM:512599) has incorporated four wholly owned subsidiaries to undertake real estate, construction and hospitality activities, according to an Indian bourse filing on Saturday.Shares of the company rose nearly 3% in Monday's trade.The new entities are named Adani Mangaluru Airport City, Adani Jaipur Airport City, Adani Lucknow Airport City and Adani TRV Airport City, the filing said.

BOM:512599NSE:ADANIENT

Asia153d ago

R M Drip and Sprinklers Systems Allots Bonus Equity Shares; Shares Down 4%

R M Drip and Sprinklers Systems (NSE:RMDRIP, BOM:544456) has allotted 178.4 million fully paid-up bonus equity shares of face value of 1 Indian rupee each in the ratio of 5:7, according to a Monday filing to the Indian stock exchanges.The bonus shares have been allotted five new fully paid-up equity shares of 1 rupee each for every seven existing fully paid-up equity shares of 1 rupee each held by the eligible shareholders.Following the allotment, the company's paid-up equity share capital has increased to 428.2 million rupees, comprising 428.2 million equity shares of face value of 1 rupee each.The company's shares were down nearly 4% in recent trade.

BOM:544456NSE:RMDRIP

Commodities153d ago

Oil Prices Jump Over 6% as US Prepares Naval Blockade Against Iran

Oil prices pushed back above $100 a barrel on Monday as the US prepared for a blockade of the Strait of Hormuz after peace talks ended in stalemate, renewing concerns about supply disruptions in the Middle East.West Texas Intermediate crude rose 7.27% to $103.59 a barrel, while Brent crude gained $6.67 to $101.87 per barrel.The advance followed the collapse of weekend negotiations between Washington and Tehran, which had been expected to build on a recent ceasefire and potentially ease restrictions on Iranian oil exports."Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz," Trump said in a Truth Social post.US Central Command, or CENTCOM, forces will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. ET, in accordance with the President's proclamation.

Asia153d ago

Hong Kong Stocks Fall as US Moves to Blockade Iranian Ports; Joy Spreader Surges on AI Tie-Up

Hong Kong stocks declined on Monday as investors grew cautious after U.S.-Iran talks collapsed, with plans to blockade Iranian ports adding to uncertainty.The Hang Seng Index fell 232.69 points, or 0.9%, to close at 25,660.85, while the Hang Seng China Enterprises Index dropped 52.98 points, or 0.6%, to 8,602.06.U.S. President Donald Trump said Sunday that the Navy would begin blockading the Strait of Hormuz, putting a fragile two-week ceasefire at risk.The U.S. Central Command said the blockade, set to begin on Monday, will apply to all vessels entering or leaving Iranian ports and coastal areas.Meanwhile, Iran's Islamic Revolutionary Guard Corps warned that any military vessels approaching the strait would be treated as violating the ceasefire and met with a decisive response.The escalating tensions rippled through commodity markets, with oil prices climbing above $100 a barrel, while gold slipped to a near one-week low as a stronger dollar weighed on demand.In corporate news, Joy Spreader (HKG:6988) surged nearly 99% after partnering with Beijing Volcano Engine Technology to deploy artificial intelligence across its operations.Meanwhile, Victory Giant Technology (HKG:2476, SHE:300476) launched a Hong Kong listing to raise up to HK$17.5 billion, moving ahead with one of the city's largest listings this year despite Middle East-driven market volatility.

Hang SengHKG:2476HKG:6988SHE:300476

Asia153d ago

Cosmos Pharmaceutical's Nine-Month Profit Rises 1.8%

Cosmos Pharmaceutical's (TYO:3349) profit attributable to owners of the parent rose 1.8% to 22.8 billion yen for the nine months ended Feb. 28 from 22.3 billion yen a year earlier.The pharmaceutical firm's basic earnings per share increased to 287.02 yen from 281.91 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 7.7% to 810.4 billion yen from 752.3 billion yen in the prior year.For the fiscal year ending May 31, the company expects attributable profit of 31 billion yen, basic EPS of 391.13 yen, and net sales of 1.057 trillion yen.Cosmos Pharmaceutical plans to pay a year-end dividend of 37.50 yen per share for the current year, bringing the total annual payout to 75 yen, which is higher than the 70 yen paid in the year-ago period.

TYO:3349

Equities153d ago

BP's Namibia Unit to Acquire 60% Stake in Eco Atlantic Namibian Licenses

BP's (BP) Namibia unit agreed to acquire a 60% participating interest and operatorship across three offshore exploration licenses from the business, Eco Atlantic said Monday.The arrangement provides a $2.7 million initial cash payment upon closing and requires BP to fully fund the remaining 25% stake held by Eco Atlantic during the current exploration period, the company said.The BP unit will also cover the proportional exploration costs for the state-owned oil firm and local partners during this initial development phase, Eco Atlantic said.The proposed work program involves finalizing seismic data reprocessing for one license and executing a new three-dimensional seismic survey across the other two blocks, the company added.The company also said if the joint venture enters the second renewal period in 2028, Eco Atlantic can transfer an additional 10% interest in exchange for up to $63 million in carried drilling costs.

$BP

Equities153d ago

Update: Market Chatter: Saudi Arabia Said to Halve Crude Sales to China in May Amid Middle East War

(Updates to add Aramco's statement)Saudi Arabia will ship 20 million barrels of crude oil to Chinese customers in May, down from 40 million barrels allocated for loading in April, traders familiar with the matter told Bloomberg News.The drop in sales comes after Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, raised official selling prices of its crude amid supply disruptions from the Iran war, according to the report published Monday.Aramco declined to comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SASE:2222

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