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"Dont tell me you did not Know " Trailer
"Dont tell me you did not know" is part of the Black History Month the real story and is an online show where Brother Mahad and Dawud Abdul Ahad will inscha ...
By: InternChange
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"Dont tell me you did not Know " Trailer - Video
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DGAP-News: Metalcorp Group B.V. / Key word(s): Preliminary Results Metalcorp Group reports significant earnings growth for 2013
04.02.2014 / 10:06
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Metalcorp Group reports significant earnings growth for 2013 - EBT up 80.8% to EUR 4.7 million - EBIT climb 34.8% to EUR 6.2 million
Amsterdam/Berlin, 4 February 2014 - According to preliminary figures, Metalcorp Group B.V. significantly increased all consolidated earnings figures compared to the previous year in spite of a sharp drop in metal prices in the world market. Against the background of a higher business volume and a reduction in Group sales revenues to EUR 302.8 million (previous year: EUR 387.3 million), which was attributable to commodity prices and exchange rates, earnings before interest and taxes (EBIT) rose by 34.8% to EUR 6.2 million (previous year: EUR 4.6 million). Earnings before taxes (EBT) soared 80.8% from EUR 2.6 million to EUR 4.7 million. The main reasons for this increase were the expansion of the non-ferrous business and the higher business volume.
Says Victor Carballo, CEO of Metalcorp Group: 'We were able to expand our business volume in 2013 primarily because we deposited the proceeds from our corporate bond with banks in cash. The increased volume and the fact that our profit margin remained almost constant thanks to our low-risk business model led to the leap in earnings. The increase is also reflected in sales revenues if they are adjusted for the lower commodity prices and the weaker dollar.'
To facilitate international comparison, especially with regard to the 8.75% bond, which has been listed in the Frankfurt Stock Exchange's Entry Standard for corporate bonds since June 2013, the company has switched from Dutch GAAP to IFRS accounting. This has had no impact on the comparability of the statement of income.
Metalcorp Group's preliminary consolidated figures for 2013 confirm the effectiveness of the low-risk business model, which makes the company's operations virtually immune to price trends in the commodity markets. This is due, on the one hand, to back-to-back transactions in the 'Steel and NF Metals Trading' segment, where contracts are signed only once both the supplier and the customer for the transaction are known. These transactions include a percentage margin for Metalcorp Group which is completely unrelated to the current metal market price. Moreover, the company refrains from keeping its own stocks to avoid risks which may arise from price fluctuations in the commodity markets. In the second business segment, 'Production of Secondary Aluminium', Metalcorp Group operates exclusively on the basis of fixed customer orders. Here, too, the current aluminium price is irrelevant, as the company receives a fixed processing premium from its customers.
Consolidated total assets rose from EUR 159.2 million on 31 December 2012 to EUR 234.2 million on 31 December 2013. The increase is attributable to higher receivables and short-term trade financing by the trade finance banks, which are directly related to the increased trading volume, as well as to the issue of the corporate bond in 2013. On the assets side, the rise in liquid funds to EUR 14 million shows that the proceeds from the bond issue were primarily used as cash collateral for the banks to expand the trading volume. On the liabilities side, the Group's equity amounted to EUR 93.4 million on the reporting date (31 December 2012: EUR 81.0 million). This is equivalent to an equity ratio of 39.9%, compared to 50.9% on 31 December 2012.
In view of the delivery and production contracts already signed, the Management Board expects the positive earnings trend to continue in the 2014 financial year.
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PRESS RELEASE: Metalcorp Group reports significant earnings growth for 2013
ESPN
He called the word insulting in his postgame press conference, and said he'd never use it to describe a game.
Here's what he said:
"It's not embarrassing at all. I'll never use that word. There's a lot of professional football players in that room, that locker room, who put a lot of effort into being here and playing in that game. The word 'embarrassing' is an insulting word to tell you the truth."
This is about as testy as Manning gets, so clearly this word struck a nerve.
The Broncos came into the game with the best offense in the league, but were completely dismantled by Seattle's league-best defense. The Seahawks were one of the only teams all year to get pressure on Peyton with four rushers, which allowed them to be more aggressive in coverage on the edges.
He finished with 280 yards on 49 attempts and two interceptions.
Here's video of the press conference:
Link:
Peyton Manning Gives A Stern Response When Asked If The Super Bowl Was Embarrassing
The mayor of Fort Lee, New Jersey, said he takes Governor Chris Christie at his word that he didnt know about intentional traffic jams in the town near the George Washington Bridge even as a former Christie ally claims the governor did.
Mark Sokolich, a Democrat, said he is skeptical about a Jan. 31 letter by an attorney for David Wildstein saying evidence exists that Christie, a Republican, knew about the shutdown of access lanes to the bridge as it occurred from Sept. 9 to Sept. 12. Sokolich said the closures were probably retaliation for him not supporting Christies re-election.
Christie, 51, denied any role in lane shutdowns ordered by Wildstein, once his appointee at the Port Authority of New York and New Jersey, which runs the bridge. In a Feb. 1 e-mail to supporters, Christie questioned Wildsteins credibility. State lawmakers and U.S. prosecutors are probing the scandal, which has thrown into doubt Christies possible run for president. The decision to close lanes lengthened the typical 30-minute commute across the Hudson River to New York to as long as four hours.
Im the guy giving the governor the benefit of the doubt, and I take him at his word, Sokolich said yesterday in a phone interview. Ive said it 100 times, Im not rooting for the highest elected official in the state of New Jersey to be involved in this. Im not. But I dont know, it seems like all sorts of things are happening.
The letter by Wildsteins attorney, Alan Zegas, to the Port Authority said evidence exists tying Christie to having knowledge of the traffic tie-ups when the lanes were closed. At a Jan. 9 press conference, Christie said he learned of the closures after they took place and felt betrayed by his staff. Christie went that day to Fort Lee to apologize to Sokolich.
Im not a Wildstein fan, Ive made no secret of that, Sokolich said. Anything that emanates from his camp has to be taken with a grain of salt.
The traffic jams began on a Monday morning, when two of three local access lanes were closed, and continued each morning. Sokolich made repeated calls to the Port Authority to learn what was happening and got no response.
On that Friday, Port Authority Executive Director Patrick Foye, who was appointed by New York Governor Andrew Cuomo, a Democrat, ordered all lanes reopened. Wildstein is the former director of interstate capital projects at the Port Authority.
Sokolich said that based on what we know now, the shutdowns were probably a result of his failure to cross party lines and endorse Christie last November. He said any evidence that Wildstein has about Christies possible role must be analyzed carefully.
If it was his knowledge that, hey, were going after the mayor of Fort Lee for failing to endorse, if that knowledge was that Monday and then it was allowed to continue for the next four days, well you know what, thats a problem, he said. Your solemn oath would have dictated that you immediately have whoever is responsible cease and desist.
Here is the original post:
Fort Lee Mayor Takes Christie at His Word Over Bridge