On Friday, Berry Plastics Group Inc (NYSE:BERY)’s shares declined -3.17% to $30.90.
Berry Plastics Group, Inc. (BERY) stated results for its third fiscal 2015 quarter, referred to in the following as the June 2015 quarter:
- Raised cash flow from operations by 50 percent to $180 million in the June 2015 quarter contrast to $120 million in the same preceding year quarter.
- Recorded net loss per diluted share of $0.11 and adjusted net income per diluted share of $0.51 for the June 2015 quarter.
- Raised operating EBITDA to $219 million (17.6 percent margin) for the June 2015 quarter contrast to $212 million (16.3 percent margin) in the same preceding year quarter.
- Improved adjusted free cash flow by $74 million to $140 million for the June 2015 quarter contrast to $66 million in the same preceding year quarter.
- Generated adjusted free cash flow of $378 million and adjusted EBITDA of $830 million for the four quarters ended June 2015.
- Raised fiscal 2015 adjusted free cash flow guidance to $400 million.
Berry Plastics Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in North America and internationally. The company operates through four segments: Rigid Open Top, Rigid Closed Top, Engineered Materials, and Flexible Packaging.
58.com Inc (ADR) (NYSE:WUBA)’s shares gained 3.72% to $43.51.
58.com Inc (ADR) (NYSE:WUBA) stated its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
- Total revenues were US$87.1 million, an 80.5% enhance from the same period last year; surpassing guidance of US$82.0 to US$84.0 million.
- Gross margin was 93.1%, contrast with 94.9% during the same quarter of 2014.
- Net loss attributable to 58.com Inc. was US$52.4 million, contrast with net income attributable to 58.com Inc. of US$2.3 million in the same period of last year.
- Non-GAAP net loss attributable to 58.com Inc.[1]was US$47.8 million, contrast with non-GAAP net income attributable to 58.com Inc. of US$3.3 million in the same quarter of 2014.
- Basic and diluted losses per ADS[2]attributable to ordinary shareholders were US$0.59. One ADS represents two Class A ordinary shares.
58.com Inc. operates an online marketplace for local merchants and consumers in the People’s Republic of China. Its online marketplace enables local merchants and consumers to connect, share information, and conduct business.
At the end of Friday’s trade, B2Gold Corp(NYSEMKT:BTG)‘s shares dipped -4.48% to $1.28.
B2Gold Corp (BTG) disclosed robust results from the Optimized Feasibility Study (OFS) of Fekola Gold Project, commencement of construction at Fekola in Mali and the closing of the previously announced $350 million Revolving Credit Facility. All dollar figures are in United States dollars unless otherwise indicated. All Fekola Project amounts are on a 100% ownership basis.
Highlights of the Optimized Fekola Feasibility Study
- Open pit gold mine with an initial production life of mine (“LOM”) of 12.5 years based on probable mineral reserves
- Average annual gold production for years one through seven of 350,000 ounces per year at a $418 operating cash cost per ounce
- Average annual LOM gold production of 276,000 ounces per year at an operating cash cost of $552 per ounce
- New open pit probable mineral reserves of 49.2 million tonnes at a grade of 2.35 grams per tonne (“g/t”) gold containing 3.72 million ounces of gold at a stripping ratio of 4.5:1
- Average LOM gold recovery of 92.8% resulting in a total of 3.45 million ounces produced over the 12.5 year life of mine
B2Gold Corp., a mid-tier gold mining company, explores and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso, and Chile. The company principally explores for gold, silver, and copper. It primarily holds a 100% interest in the La Libertad mine, which comprises of an exploitation concession covering 10,950 hectares located in Nicaragua; a 95% interest in the Limon mine property that covers an area of 12,000 hectares located northwest of Managua; and has 95% interest in Limon gold mine located in northwestern Nicaragua. The company also has interest in the Masbate mine, an open pit gold mine located near the northern tip of the island of Masbate; has a 90% interest in the Fekola gold mine located in southwestern Mali; and has 81% interest in the Kiaka gold project located in Burkina Faso. B2Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.
American Electric Power Company Inc (NYSE:AEP), ended its Friday’s trading session with -1.88% loss, and closed at $57.27.
Affiliates of American Electric Power (AEP), Berkshire Hathaway Energy, Duke Energy (DUK), Edison International (EIX), Eversource Energy (ES), Exelon (EXC), Great Plains Energy (GXP), and Southern Company (SO) have signed a memorandum of understanding to pursue development of Grid Assurance™, a limited liability company that expects to offer subscribers cost-effective solutions for enhancing grid resiliency and protecting customers from prolonged transmission outages.
As proposed, Grid Assurance will own and provide subscribers with timely access to an inventory of emergency spare transmission equipment that can otherwise take months to acquire. Grid Assurance filed a petition with the Federal Energy Regulatory Commission (FERC) late yesterday seeking confirmation that this service can be part of a transmission-owning entity’s strategy to effectively address grid resiliency mandates. Grid Assurance will not be FERC regulated, but plans to charge cost-based subscription fees, similar to FERC-regulated transmission formula rates. Cost-based subscription fees are expected to facilitate subscribers’ ability to recover expenses.
Restoration of the transmission grid can be hampered by long lead times required to design, build and deliver critical replacement equipment including large transformers, circuit breakers and other specialized electrical equipment. As proposed, Grid Assurance will be more cost-effective than companies independently securing emergency spare equipment for high-impact, low-frequency events due to economies of scale, diversification and improved logistics.
American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric and other energy sources.
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