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DGAP-News: H&R AG: Third quarter 2013 once again demonstrated better earnings performance than the preceding three …

DGAP-News: H&R AG / Key word(s): Preliminary Results H&R AG: Third quarter 2013 once again demonstrated better earnings performance than the preceding three months.

14.10.2013 / 10:30

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H&R Aktiengesellschaft:

Third quarter 2013 once again demonstrated better earnings performance than the preceding three months. - Publication of preliminary results for Q3 2013

- Upward profitability trend continued

- Full compliance with all financial covenants

- Outlook confirmed

(N.B.: All figures quoted in this press release concerning the third quarter of 2013 are preliminary)

Salzbergen, 11 October 2013. H&R AG closed the first nine months of 2013 with preliminary sales of EUR 941.1 million. At the same time, at EBITDA adjusted for one-time effects of approximately EUR 25 million, operating profits for the first three quarters fell sharply behind the comparable period in 2012 (first nine months of 2012: EUR 46.3 million).

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DGAP-News: H&R AG: Third quarter 2013 once again demonstrated better earnings performance than the preceding three ...

Malaysia court rules non-Muslims can't use 'Allah'

KUALA LUMPUR, Malaysia (AP) A Malaysian appeals court on Monday upheld a government ban against the use of the word "Allah" to refer to God in non-Muslim faiths, overruling claims by Christians in this Muslim-majority nation that the restriction violates their religious rights.

"Allah" is the Arabic word for God and is commonly used in the Malay language to refer to God. But the Malaysian government insists that "Allah" should be exclusively reserved for Muslims because of concerns its use by others would confuse Muslims and could be used to convert them.

Malaysia's Christian, Buddhist and Hindu minorities have often complained that the government infringes in their constitutional right to practice religion freely, accusations the government denies.

Monday's judgment in the Court of Appeals overturns a decision by a lower court nearly four years ago that ruled against the government ban. Anger over that ruling sparked a string of arson attacks and vandalism at Malaysian churches and other places of worship.

The legal dispute stems from efforts by the newspaper of the Roman Catholic Church in Malaysia to use "Allah" in its Malay-language weekly publication.

Roman Catholic representatives deny there are attempts to convert Muslims and say the government ban is unreasonable because Christians who speak the Malay language had long used "Allah" in their Bibles, literature and songs before authorities sought to enforce the curb in recent years.

Judge Mohamed Apandi Ali, who led a three-member appeals court panel, said the use of "Allah" was "not an integral part of the faith and practice of Christianity."

"It is our judgment that there is no infringement of any constitutional rights" in the ban, he said. "We could find no reason why the (Catholic newspaper) is so adamant to use the word 'Allah' in their weekly. Such usage if allowed will inevitably cause confusion within the community."

The Rev. Lawrence Andrew, editor of the Catholic newspaper, The Herald, said they plan to appeal Monday's verdict in Malaysia's Federal Court, the nation's highest.

"We are greatly disappointed and dismayed," he said. "This is unrealistic. It is a retrograde step in the development of law in relation to the fundamental liberty of religious minorities."

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Malaysia court rules non-Muslims can't use 'Allah'

Update: Gadinsky Real Estate Partners With Legendary Nightlife Duo to Target Under Serviced Market

MIAMI BEACH, FL--(Marketwired - Oct 14, 2013) - Seth Gadinsky and Justin Schultz of Gadinsky Real Estate and legendary nightclub developers Cal Fortis and Ken Barilich -- of With Smith --announce the launch of their new collaboration: H3 Hospitality. The full service company will offer real estate, design, and operating services to hotels, restaurants, nightclubs and family entertainment properties.

The idea for the company came about when the four partners collaborated on a hotel project and realized that no other company in South Florida has the experience to provide all of these professional services to the hospitality industry.

"As Miami continues to grow as a global resort and nightlife destination, it is becoming more vital for hotels to activate every square inch of a property in order to flourish and stay profitable," says Gadinsky. "Yet many operators don't have the experience to make that happen, and that's where we come in. We evaluate space based on a hotel's branding objectives, and can either create and operate a one-of-a-kind concept or source the best restaurant, nightclub or retail operator to fit the vision for the property."

Further, as South Florida becomes more urban and vertical, many mixed-use projects are seeking entertainment operations to drive traffic.H3 scours the world for the newest and hippest concepts and currently works with international companies from Sweden, Russia, Ibiza and national companies in Chicago, Los Angeles and New York.

The four principals of H3 Hospitality will personally oversee every aspect of their client's projects from conceptualization and design, to operations and execution. They will also manage many of the more time consuming and tedious elements of the development process, such as facilitating licenses and permits, overseeing construction, and ensure projects are completed on time.

"We've assembled a formidable collective of diverse talent and experience at H3 Hospitality," says Fortis. "But the through line for us all is delivering high-concept, high-style commercial space environments. When you create a consistently unforgettable experience for guests and patrons, the result is a globally relevant brand that naturally drives revenue."

Fortis and Barilich, renowned for their vision and influence on the nightclub industry, are the creators and founders of the international award-winning brand CROBAR WORLDWIDE, which became the industry standard for DJ-driven nightclubs, with locations in Chicago, Miami, New York and Buenos Aires. Having also created Cameo, Rain, Vinyl and UK's mega club Gatecrasher, the duo has had a strong pulse on the nightlife scene for more than two decades. The two began working together in 1989 and continued their partnership in With Smith, a hospitality consulting firm with expertise in marketing, operations, concept development, and design.

Gadinsky and Schultz, who have worked together for the past four years, both have extensive experience in every aspect of retail, restaurant, and entertainment real estate from development and brokerage to consulting. They are preferred vendors for various national corporations and have an innate sense of the best locations for businesses and how to effectively monetize commercial space.Together they have structured and executed many high-profile south Florida retail and entertainment deals, including projects in Miami and Miami Beach.

H3 HOSPITALITYH3 Hospitality is a full service consulting company founded by nightlife visionaries Ken Barilich and Cal Fortis and retail real estate mavens Seth Gadinsky and Justin Schultz.Based in Miami Beach, the company's primary focus is to source, conceptualize, operate and consult on nightlife, retail, family entertainment and food and beverage to maximize revenue for the hotel and hospitality industry as well as for commercial developments. For more information, visit h3hospitality.com.

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Update: Gadinsky Real Estate Partners With Legendary Nightlife Duo to Target Under Serviced Market

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