In addition, the gross profit margin fell from 35% to 33.7%, with the ratio of SG&A expenses to sales still above 20%, while finance costs increased to 123 million baht (+62% YoY, +120 % QoQ. So, the margin in 1Q24 fell to 12.7% from 15.7% in 1Q23. We expect 1Q24 to be the weakest quarter of performance this year.
Operating results in 2Q24F are expected to recover somewhat QoQ but will still weaken YoY.
We expect net profit in 2Q24F to recover QoQ from the start of the transfer of the Aspire Ratchayotin (97% sold) and Life Phahon-Ladprao (58% sold) project in April 2024, while the Life Rama 4 project – Asoke (48%) sales) starting transfers in July 2024 (Figure 8). June as new projects totaling 28 billion baht (+64% QoQ) were launched, including 4 condominium projects and 18 low-rise projects.
Lower profit forecast
We cut our net profit forecast for 2024-2025F by 15% and 8%, respectively, as we raised our interest expense assumption, lowered our revenue share from JVs, and lowered our revenue forecast (Figure 4) by 52 %. AP project is less than 7 million baht / unit. which is eligible for a reduction in transfer/mortgage fees from 2%/1% to 0.01%,
Are You Struggling Financially? The Outrageous Advice Of…
“Bankruptcy” is a surprisingly vague term. For the poor, it means they will have no money at all. For corporations and millionaires it means a clever legal maneuver that can protect their wealth from lawsuits.
And for Rudy Giuliani, the former mayor of New York and Donald Trump’s personal lawyer, it means he is forced to try to live on just $43,000 (£34,200) a month.
It is recalled that against the former mayor of New York, it has been brought by the justice of Arizona, prosecution for attempting to overturn the outcome of the 2020 presidential election in favor of Donald Trump; while involved and in other scandals being investigated about Donald Trump.
A gentleman with elevated tastes
Half a million dollars in cash a year may seem like a princely sum to the common man, but not to “Sir” Rudy, quips Guardian columnist Arwa Mahdawi.
Here we are talking about a gentleman with elevated tastes: a bon viveur who has been accused of once he spent $7,000 on pens and $12,000 on cigars, all within five months.
Moreover, during the trial of his third divorce case, his ex-wife’s lawyer claimed that Giuliani he spent $286,000 on his alleged mistress,
Legal Settlement: Pfizer Resolves Thousands Of Lawsuits Alleging…
Pfizer Settles Over 10,000 Lawsuits Related to Zantac Cancer Risks
Pfizer has reached agreements to settle more than 10,000 lawsuits that accused the company of failing to inform patients about potential cancer risks associated with the anti-heartburn drug Zantac.
The lawsuits were filed in various state courts nationwide, but these settlements do not fully resolve Pfizer’s liability concerning the alleged connection between Zantac and cancer, as reported by Bloomberg News.
Specific details of the settlements have not been disclosed, and The Post has reached out to Pfizer for comment.
Zantac’s History and Legal Challenges
Zantac, initially introduced in 1983 by Glaxo Holdings (now part of GlaxoSmithKline), quickly became the world’s top-selling drug by 1988, with patients reporting relief from conditions like heartburn, ulcers, and acid reflux.
After the expiration of Glaxo’s patent for Zantac’s active ingredient, ranitidine, in 1997, generic versions of the drug started to emerge.
In 2020, the FDA requested drug manufacturers to withdraw Zantac and its generics from the market due to the presence of NDMA, a cancer-causing substance, in the drug samples.
Legal Actions and Settlements
Following the recall, thousands of lawsuits were filed against Pfizer,
What Does The Pension Fund For Wellbeing Initiative…
MEXICO CITY.— This Thursday morning, during his usual morning conference, the president of Mexico, Andrés Manuel López Obradorassured that “there is nothing to fear” about the initiative promoted by his party in the Chamber of Deputies to create the Pension Fund for Welfare (FPB).
A journalist who attended the morning conference pointed out that the initiative presented yesterday Wednesday by the Morenoist deputy Ignacio Mierfor the creation of the new Pension Fund for Welfarehas generated fears and doubts.
The initiative proposes that the new fund be financed with the savings of workers over 70 years of age who have contributed to the Afores.
President López Obrador assured that there is nothing to fear because the reform to finance workers’ pensions, with unclaimed Afores accounts, is so that the government has 40 billion pesos that remain in the administrators for retirement.
In the National Palace, López Obrador explained that this is intended to be another of the sources of financing for the Welfare Pension Fund.
“For all workers: Afores are not touched, they are protected, there is nothing to fear, on the contrary,” he expressed.
The head of the Executive clarified that if a worker claims these resources,
Coins Still Legal
Coins are still in effect.
Aivo Andrianarivelo, governor of the Central Bank, says 10, 20 and 50 ariary coins can still be used in daily economic transactions.
Why don’t people use coins anymore? They are rarely used in daily transactions, and yet! They are still legal tender throughout the national territory.
At Analakely City Hall, this question which torments consumers was addressed during a conference-debate on the experiences of a private industry manufacturing coins and banknotes in the United Arab Emirates.
The Central Bank still issues coins. Moreover, its governor, Aivo Andrianarivelo, wanted to recall it. “Coins are still legal tender in Madagascar. These are the people who don’t use them. It’s money, you can still buy things with it,” he told a few journalists who came to interview him after the first conference session of the day. He also indicated that the Central Bank intended to work hard to raise awareness among the population about the use of these coins in daily transactions. “We must determine how the Central Bank will receive the coins to update their use.”
To oblivion
For at least four or five years, traders have been engaging in this practice,
Beside You. IDBanks New Support Program For Forcibly…
IDBank is launching a long-term social support program, which this time included around 150 minor children from 42 families with many children forcibly displaced from Artsakh.
Until the end of the year, IDBank will allocate 40,000 drams worth of idplus gift cards for each child beneficiary of the program every month, with which families will have the opportunity to make purchases at all outlets where payment with Idram is available, which means around 21,000 throughout Armenia. outlet.
Tatevik Vardevanyan, the head of IDBank’s communication department, highlighting the activities aimed at the people of Artsakh among the corporate social responsibility programs, notes that the “Next to you” program differs from the previous ones in that it will be continuous and long-lasting. “2020 After the war, IDBank and Idram companies implemented a number of programs aimed at improving the living conditions and education of our compatriots living in Artsakh. Unfortunately, in today’s harsh reality, when Artsakh is lost, we are launching the “Next to you” program, which has an exclusively social orientation and is aimed at alleviating even a very small part of the many worries of our compatriots who find themselves in difficult life conditions”,
Does A Gas Station Charge 1 For Every…
#gas #station #charge #minutes #air
There are services that the Portuguese are not used to paying for. One of them is the air supply that is normally available at gas stations. But there is a gas station that charges €1 for every 5 minutes of air.
Does the Shell gas station in Seixal charge customers one euro to use the air and water service for five minutes? The SIC Polygraph has already analyzed the case and responded, as there was already a message circulating on the internet video about the subject.
As the author of the video said… “I hadn’t seen one of these yet, but they are already charging for water and air”.
In 2021, a similar situation had already been reported through a photograph placed on a Publication shared on Reddit, according to NiT.
An official source from the Shell do Seixal space confirms that “[o cliente] puts money in and the machine provides the service for which he put in the money.”
I went to see if the tires needed air,
BBVA Shares Rise After Sabadell Rejects Its Merger…
Madrid. Shares in Spanish bank BBVA BBVA.MC rose as much as 1.9 percent on Tuesday morning after Sabadell SABE.MC rejected what it described as an unsolicited takeover proposal from BBVA.
At 8:05 GMT, shares of BBVA, the second largest Spanish bank by market value, rose 1.5 percent, while those of the fourth largest bank, Sabadell, fell 1.7 percent.
Sabadell said on Monday that its board believed BBVA’s proposal significantly undervalued its potential and growth prospects. BBVA said it regretted the Sabadell council’s decision, without giving any clue about its next move.
BBVA could now withdraw, raise its offer or launch a hostile takeover. A spokesman declined to comment.
Spanish broker Alantra said it did not expect BBVA to improve its offer or turn hostile.
“We rule out BBVA becoming hostile (…) given that management will destroy its record of financial discipline and that around 50 percent of Sabadell shareholders are retail investors, who would largely follow the board’s decision in any case. “, said.
The broker also said he believed BBVA would not switch to a cash offer as it was proposing a friendly merger and paying cash would be incompatible with that.
Electric Mini Cooper, How The Compact On Tap…
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Mini Cooper will reach its fifth generation and will do so by debuting in dealerships in a fully electric version. Produced in China on the Spotlight EV platform, created thanks to the joint venture with the Chinese Great Wall, the new electric Mini Cooper presents a style consistent with the new stylistic course of the brand and declares a range of more than 400 kilometers in combination with the SE version
New Mini Cooper dimensions
How long is the new electric Mini Cooper? Despite giving the impression of greater compactness, the measurements are practically the same as the previous model. It is, in fact, still 3.86 meters long, 1.76 meters wide, increasing by 3 centimeters and 5 centimeters taller for a total of 1.46 metres. The wheelbase also increases by 3 centimetres, thus reducing overhangs.
New electric Mini Cooper on the road, photos of the Cooper SE
Photogallery 38 photos
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Aesthetically, the new octagonal grille arrives at the front, while the daytime running lights characterize the light signature. On the sides, farewell to the classic black mudguards which leave room for completely matching wheel arches.