Latest news with #InterimReport
Sky News AU
a day ago
- Politics
- Sky News AU
eSafety Commissioner linked to global attempt to ‘throttle' free speech
Sky News host James Morrow brutally roasts eSafety Commissioner Julie Inman Grant for her efforts to censor free speech online. 'Well, have I got a truth bomb for you this week – it's all about a devastating report that has just dropped out of Washington, DC, with extraordinary new information about the Australian government's efforts to censor what you can say and do and think online,' Mr Morrow said. 'Specifically, the alleged links between … Julie Inman Grant, Australia's eSafety Commissioner as she is officially known, or as we call her on Outsiders the e-Karen, and a shadowy US-based online advertising cabal which a US House Judiciary Committee Interim Report says set out to throttle advertising dollars from websites and social media platforms, particularly Elon Musk's Twitter, that dared to allow free speech and conservative ideas to flourish.'
New Straits Times
2 days ago
- Business
- New Straits Times
Concerted efforts to cut food import dependence through urban farming
LABUAN: Minister in the Prime Minister's Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa has called for coordinated and innovative strategies to reduce Labuan's heavy reliance on imported food. She urged the implementation of urban and alternative farming systems to address the island's limited agricultural land. Dr Zaliha acknowledged that the duty-free island faces significant agricultural challenges due to land constraints and limited connectivity. However, she emphasised that sustainable food policies must be developed to ensure sufficient raw material supplies for the local population. "Our efforts are to ensure adequate food supplies for the Labuan community despite the shortage of land and (limited) connectivity," she told reporters after launching the Interim Report on the 2024 Agriculture Census in the Federal Territories 2024 here today. Dr Zaliha said that with only 0.22 per cent of land in Labuan zoned for agricultural use, the constraint makes large-scale conventional farming unfeasible, necessitating alternatives such as hydroponics and urban farming. She said Labuan's overdependence on imported food could result in price instability and a rising cost of living. In response, she announced that Labuan Corporation (LC), in collaboration with the Department of Agriculture, Department of Veterinary Services, and Domestic Trade and Cost of Living Ministry, would evaluate the island's food self-sufficiency levels, particularly for essential items such as chicken, meat, eggs, and vegetables. She also proposed a long-term vision to transform Labuan into a 'living laboratory' for sustainable food systems in Malaysia, inspired from urban food district models in European cities. "To realise this vision, we need a centre of excellence that collaborates with research institutions and universities, shifting from conventional agriculture to food alternatives such as cultivated meat and lab-produced cellular fermentation," she said. Dr Zaliha said she would instruct Labuan Corporation to identify any potentially suitable land for agriculture to bolster the island's food security. – Bernama
The Sun
2 days ago
- Business
- The Sun
Labuan pushes urban farming to cut food import reliance
LABUAN: Minister in the Prime Minister's Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa has stressed the need for coordinated efforts to reduce Labuan's heavy dependence on imported food. She highlighted urban and alternative farming as key solutions to overcome the island's limited agricultural land. Speaking at the launch of the Interim Report on the 2024 Agriculture Census in the Federal Territories, Dr Zaliha acknowledged Labuan's challenges, including land scarcity and connectivity issues. However, she emphasised the importance of sustainable food policies to secure raw material supplies for locals. 'Our efforts are to ensure adequate food supplies for the Labuan community despite the shortage of land and (limited) connectivity,' she told reporters. With only 0.22 per cent of Labuan's land zoned for agriculture, conventional farming is impractical. Dr Zaliha proposed hydroponics and urban farming as viable alternatives. She warned that over-reliance on imports could lead to price volatility and higher living costs. To address this, Labuan Corporation, alongside the Department of Agriculture and other agencies, will assess food self-sufficiency levels, particularly for staples like chicken, meat, eggs, and vegetables. Dr Zaliha also envisioned Labuan as a 'living laboratory' for sustainable food systems, drawing inspiration from European urban food districts. She suggested establishing a centre of excellence involving research institutions to explore food alternatives such as lab-grown meat and cellular fermentation. Additionally, she directed Labuan Corporation to identify potential agricultural land to enhance food security.
RTÉ News
18-06-2025
- Health
- RTÉ News
Does HIQA have sufficient powers?
The recent RTÉ Investigates exposé, on a number of private nursing homes and the fall-out, has raised fresh questions about the extent of HIQA's powers or ability to regulate the sector. A number of important facts emerged from the Oireachtas Health Committee today. Firstly, HIQA said it has no power to fine a nursing home and that cancellation of a home's registration is the "nuclear option". It also said it lacks the authority to go after a parent company, which may own a group of companies, that in turn own a number of nursing homes. HIQA said that recent updates to its regulatory powers, "when fully implemented", will provide powers to investigate specific individual complaints, will mean extra enforcement powers and shorten the timeframe for escalatory actions. Time will tell and these improvements cannot come fast enough to reassure families and residents. We learned today that there are 95 nursing homes under additional restrictive conditions. This is a dynamic situation where restrictions can be imposed and taken away. Many of the homes are run by the HSE, or small stand-alone private homes and not large corporate entities. The big question was why it took RTÉ Current Affairs, rather than HIQA, to uncover the issues at Benevain Manor in Glasnevin and The Residence in Portlaoise. A full HIQA report on the two homes is due to be sent to the Minister for Health and the Minister of State for Older People at the end of the week. The Interim Report found that Beneavin Manor had reported almost 200 incidents related to alleged suspected or confirmed abuse of patients. And The Residence had reported 40 such allegations. HIQA said today around 14% of notifications from Beneavin were moderate risk and that each one was explored. "We don't wait for a television programme for that. We review it," HIQA told the committee. HIQA has sought assurances regarding the other 23 homes than Emeis own. It has also referred matters to An Garda Síochána. HIQA told the committee that 85% of all inspections are unannounced and that in Emeis centres, 91% of inspections were unannounced.
Yahoo
12-05-2025
- Business
- Yahoo
Aspo Plc's Interim Report, January 1 – March 31, 2025: Strong start for year 2025 with continued profitability improvement
Aspo Plc Interim Report May 12, 2025 at 9:00 amAspo Plc's Interim Report, January 1 – March 31, 2025: Strong start for year 2025 with continued profitability improvement This is a summary of the Interim Report January 1 – March 31, 2025 of Aspo Plc. The complete report is attached to this release and available at Figures from the corresponding period in 2024 are presented in brackets. January–March 2025 Net sales increased to EUR 151.2 (132.7) million Comparable EBITA grew to EUR 8.8 (5.1) million, 5.8% (3.8%) of net sales. The comparable EBITA of ESL Shipping was EUR 4.1 (2.7) million, Telko EUR 4.4 (2.3) million, and Leipurin EUR 1.5 (1.2) million EBITA was EUR 7.7 (-2.9) million. EBITA of ESL Shipping was EUR 3.0 (-5.0) million, Telko EUR 4.4 (2.3) million, and Leipurin EUR 1.5 (1.2) million Comparable ROE was 10.6% (4.9%) Comparable earnings per share were EUR 0.13 (0.09) Free cash flow was EUR -4.4 (-3.5) million driven by investments ESL Shipping and SSAB agreed in March 2025 on a multi-year extension of a significant sea transport agreement Guidance for 2025 Aspo Group's comparable EBITA is expected to be EUR 35 - 45 million in 2025 (EUR 29.1 million in 2024). Assumptions behind the guidance Aspo's operating environment is estimated to remain challenging during the first half of the year and to gradually improve during the second half of the year. Increased defense and infra spending in Europe is expected to support the economic recovery towards the end of the year. However, recent trade tensions and high tariffs imposed or planned by the USA, EU and China have increased economic uncertainty and may negatively impact economic growth and global trade. Aspo's profit improvement for the year is expected to come mainly from the profit generation of the Green Coaster vessels, from Telko's and Leipurin's acquisitions completed in 2024, as well as from various intensified profit improvement actions throughout Aspo's businesses. The higher end of the expected comparable EBITA range is expected to be achieved if all the planned profit improvement measures are successful, and there is a clear economic recovery during the second half of the year. The lower end of the range may be realized if the economic recovery is further delayed, or significant volumes would be lost or margins impacted negatively due to some unforeseen negative events. Recent trade tensions, including possible tariffs, may have an indirect negative impact on the volumes and price levels of Aspo's businesses. Direct impacts are expected to be modest. For ESL Shipping, demand is expected to be weak overall during the first half of the year, with fairly low contractual volumes combined with low spot market pricing. Volumes are expected to slowly revive during the second half of the year. For Telko, overall stable market development is expected going forward, with demand slowly picking up. After successfully completing three acquisitions in 2024, the focus in 2025 is on integrating the acquired companies, and securing organic growth and positive profitability development. Acquisition-related expenses are expected to be at a much lower level in 2025 than in 2024. For Leipurin, the market is expected to be stable. Opportunities for growth remains in the food industry, where the addressable market for Leipurin is multiple compared to bakery. Leipurin remains in a good position to continue improving its profitability. Key figures 1-3/2025 1-3/2024 1-12/2024 Net sales, MEUR 151.2 132.7 592.6 EBITA, MEUR 7.7 -2.9 21.2 Comparable EBITA, MEUR 8.8 5.1 29.1 Comparable EBITA, % 5.8 3.8 4.9 Profit for the period, MEUR 3.9 -6.0 7.3 Comparable profit for the period, MEUR 5.0 2.0 15.2 Earnings per share (EPS), EUR 0.09 -0.16 0.14 Comparable EPS, EUR 0.13 0.09 0.39 Free cash flow, MEUR -4.4 -3.5 -36.1 Free cash flow per share, EUR -0.1 -0.1 -1.2 Comparable ROCE, % 8.5 6.4 8.1 Return on equity (ROE), % 8.2 -15.2 4.4 Comparable ROE, % 10.6 4.9 9.2 Invested capital, MEUR 419.9 320.2 403.7 Net debt, MEUR 198.2 131.5 188.0 Net debt / comparable EBITDA, 12 months rolling 3.3 2.3 3.2 Equity per share, EUR 5.18 4.77 5.13 Equity ratio, % 36.6 38.6 36.9 The calculation principles of key figures are included in Aspo's Board of Directors' report for the year 2024. The figures presented in this interim report have been individually rounded or calculated based on exact figures so the figures may not add to rounded totals and may differ from previously published figures. Rolf Jansson, CEO of Aspo Group, comments on the first quarter of 2025:Profitability improvement is at the top of Aspo's agenda in 2025. We aim to capture the benefits of the completed acquisitions and capex investments made during previous years. In addition, we will focus on organic growth and performance improvement actions, tightly managed across all our businesses. Aspo continued to grow and improve its profitability during the first quarter of 2025. Aspo's net sales grew by 13.9% compared to the first quarter of 2024 which was primarily driven by the acquisitions Telko and Leipurin made in 2024. Both Telko and Leipurin also achieved organic sales growth during the quarter. Net sales of ESL Shipping declined due to a relatively low level of industrial activity. Comparable EBITA was EUR 8.8 million compared to EUR 5.1 million in the corresponding period in the previous year. All businesses improved their profitability. It is positive to see that the intensified focus on profitability improvement is widely yielding results. Despite weak spot market pricing and somewhat softer than expected contractual freight volume demand, ESL Shipping was able to improve its comparable EBITA to EUR 4.1 (2.7) million, driven by performance improvement efforts, including the expiration of expensive time-charter agreements. The profitability of ESL Shipping in the corresponding period in the previous year was weakened due to harsh ice conditions and political strikes. Telko's comparable EBITA of EUR 4.4 (2.3) million grew due to the contribution from last year's completed acquisitions, continued organic growth, and the absence of M&A costs. Leipurin's comparable EBITA was EUR 1.5 (1.2) million. Leipurin's profitability improvement relates specifically to the acquisition in Sweden in 2024 and measures improving supply chain efficiency in the Swedish operations. ESL Shipping and SSAB agreed in March 2025 on a multi-year extension of the agreement covering SSAB's inbound raw material sea transports within the Baltic Sea and from the North Sea. In addition, the agreement covers the transport of SSAB's fossil-free sponge iron produced with HYBRIT technology including the possibility of fossil-free shipments. The transport volume is estimated to be 6–7 million tonnes annually. This was an important milestone in ESL Shipping's strategy to support Nordic industrials in their green transition. Leipurin completed the transaction to take over the food ingredients distribution business of Kartagena UAB in February 2025. The acquired business is expected to increase Leipurin's net sales by close to EUR 2 million on an annual basis. We are working to achieve Aspo's financial ambition of reaching EUR 1 billion of net sales and EBITA of 8% in 2028. The total investment program of EUR 300–350 million for 2024–2028 is well underway, focusing on acquisitions of Telko and Leipurin, and investments in the new capacity of ESL Shipping. Aspo's vision is to form two separate companies, Aspo Compounder (Telko and Leipurin) and Aspo Infra (ESL Shipping), before Aspo turns 100 years old in 2029. During 2025, our focus is on profitability improvement. We will benefit from the Green Coaster investments made in 2021–2024, the acquisitions completed during 2024, and the vast array of profitability improvement efforts across the Group. Despite the focus on short-term profitability improvement, we continue to have a parallel long-term strategic perspective to reach the financial ambition of Aspo as well as our portfolio vision. Financial performance and targets Aspo's long-term financial targets are: Minimum increase in net sales: 5–10% a year Comparable EBITA of 8% Return on equity: more than 20% Net debt to comparable EBITDA, rolling 12 months ratio below 3.0 At a business level, ESL Shipping's long-term comparable EBITA target is 14%, Telko's 8% and Leipurin's 5%. In January–March 2025, Aspo's net sales grew by 13.9% to EUR 151.2 (132.7) million. The comparable EBITA rate stood at 5.8% (3.8%). Comparable return on equity was 10.6% (4.9%) and the net debt to comparable EBITDA, rolling 12 months ratio was 3.3 (2.3). Espoo, May 12, 2025Aspo PlcBoard of DirectorsNews conference for analysts, investors and media News conference for analysts, investors and media will be held at Sanomatalo, Flik Studio Eliel, Töölönlahdenkatu 2, Helsinki on May 12, 2025, at 12.00 p.m. The event is also open to private investors, and participants are requested to register beforehand by emailing viestinta@ The interim report will be presented by CEO Rolf Jansson and CFO Erkka Repo. The event will be held in English, and it can also be followed as a live webcast at Questions can be asked after the presentation through conference call connection. In order to receive the phone numbers and a identifier for the conference call, participants are requested to register using this link: A recording of the event will be available after the event at the company's website For more information, please contact:Rolf Jansson, CEO, Aspo Plc, tel. +358 400 600 264, Distribution:Nasdaq HelsinkiKey Aspo creates value by owning and developing business operations sustainably and in the long term. Our companies aim to be market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these aiming to be forerunners in sustainability. Aspo supports its businesses profitability and growth with the right capabilities. Aspo Group has businesses in 17 different countries, and it employs approximately 800 professionals. Attachment Aspo-Interim-Report-Q1-2025
