| Meda AB (publ.) January - September 2007, Interim Report
-- The Group's net sales reached SEK 5,820.8 million (3,904.6).
-- EBITDA, excluding non-recurring impact on profits, rose to SEK 1,980.8 (1) million (1,072.4)(2), thus yielding a 34.0% margin (27.5).
-- Operating profit, excluding non-recurring profit impact, increased to SEK 1,440.8 (1) million (788.9)(2).
-- Including non-recurring items, operating profit totalled SEK 1,322.7 million (1,111.4).
-- Profit after tax was SEK 749.0 million (614.5). Excluding non-recurring items, profit after tax rose to SEK 701.0(3) million (397.1)(3).
-- Earnings per share (EPS) were SEK 3.20 (2.83). Excluding one-offs, EPS climbed to SEK 3.00(3) (1.83)(3).
-- Full-year forecast for 2007 (excluding Recip): The Meda Group (Nachrichten) estimates full-year sales of about SEK 8,000 million and EBITDA - excluding non-recurring profit effects - exceeding SEK 2,500 million.
NovaStar Financial Announces Third-Quarter 2007 Results and Third Quarter Investor Conference Call
KANSAS CITY, Mo., Nov. 14 /PRNewswire-FirstCall/ -- NovaStar Financial, (Nachrichten) Inc. , a non-conforming residential mortgage portfolio manager and retail broker of mortgage loans, today reported third-quarter 2007 results. For the quarter ended September 30, 2007, NovaStar reported a net loss available to common shareholders of $598.0 million, or $64.05 per fully diluted common share. Third-quarter 2006 net income available to common shareholders was $25.3 million, or $2.91 per diluted share. Per share data for both periods reflect a one-for-four reverse split which occurred on July 27, 2007. For the nine months ended September 30, 2007, NovaStar had a shareholders' deficit of $80.7 million. Faced with continued deterioration of nonprime lending fundamentals and the secondary market for loans, NovaStar has taken several actions to preserve liquidity, curtail risks associated with originating or holding loans and reduce its workforce.
Credit card splurges totals $41bn
AUSTRALIA'S credit card balances rose by 0.03 per cent to $41 billion in September, Reserve Bank of Australia figures show. The total balance of credit and charge card transactions climbed to $41.156 billion, from $41.143 billion in August. Total repayments fell by 9.3 per cent to $16.444 billion in September, from $18.135 billion. The number of credit and charge accounts jumped to 13.75 million in September, from 13.72 million. But the number of purchases using credit cards fell to 10.50 million in September from 11.39 million in August. By value, credit purchases fell to $15.251 billion in September down from $16.950 billion in August. The number of cash advances on credit and charge cards fell to 2.81 million, from 3.01 million as the value of advances declined to $958 million from $1.07 billion.
City OKs fee hike to help Uptown
WHITTIER - The City Council's approval of a 29percent fee increase on Uptown businesses will allow the Whittier Uptown Association to begin work on improving the area, its president said Wednesday. The council approved the mandatory assessment on a 3-0 vote Tuesday. Councilmen Bob Henderson and Joe Vinatieri couldn't vote because their businesses are in the Uptown district. "I'm excited," said Robert Ruiz, association president. "It frees up our hands. It lets us offer some real services to our merchants." Ruiz said the association can now get bids for maintenance for the Uptown area - everything from steam cleaning to trash issues - and to remodel the public bathroom in the parking structure. "We're off and running with 100 different ideas we can do directly as merchants," he said.
|
