Latest news with #operationalgrowth
Zawya
18 hours ago
- Business
- Zawya
Saudia posts 7.2% passenger growth in H1 2025, leads global punctuality
JEDDAH — Saudia recorded strong operational growth in the first half of 2025, transporting over 17.5 million passengers, a 7.2% increase compared to the same period in 2024, according to the airline's latest operational performance report. The national carrier operated more than 100,000 flights, including scheduled and additional services across four continents, marking a 4% rise year-on-year. Total flight hours surpassed 293,000, with an on-time performance rate of 89.6%. International traffic also saw a 5% increase, with over 9.6 million guests flown on more than 43,700 international flights. Domestic operations grew by 10%, carrying 7.9 million passengers across more than 56,000 flights. The airline also attributed the improved efficiency to investments in cutting-edge digital systems aimed at enhancing operational quality and guest experience. Saudia's current fleet of 148 aircraft supported this growth trajectory. Future deliveries of 117 new aircraft over the coming years will expand flight frequency and seating capacity on existing routes while opening new international destinations. These expansions are expected to support Saudi Arabia's national goals in tourism, entertainment, sports, and Hajj and Umrah. In a testament to its performance, Saudia ranked first globally in on-time performance for March and June 2025, according to reports by Cirium, a leading aviation analytics platform. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Globe and Mail
20-06-2025
- Business
- Globe and Mail
Safe and Green Development Appoints New Board Members Following Acquisition of Resource Group US Holdings LLC
MIAMI, FL, June 20, 2025 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) ("SGD" or the 'Company') is pleased to announce the appointment of three new members to its Board of Directors, effective immediately. These appointments follow the successful completion of the Company's acquisition of Resource Group US Holdings LLC and represent a strategic step in furthering SGD's commitment to operational growth, innovation, and development. The newly elected directors; Bjarne Borg, James D. Burnham, and Anthony M. Cialone, bring decades of combined experience across real estate development, environmental engineering, private equity, and renewable technologies. Each of them has played a pivotal role in the growth of Resource Group and its affiliated companies and will now help shape the strategic direction of SGD at the board level. The biographies of the newly appointed board members are provided below: Bjarne Borg serves as the Executive Chairman of Index Investment Group, which he co-founded in 1998. Index Investment Group, through a collection of related companies, develops business projects in real estate and renewable energy and provides private equity to invest in complementary businesses. With over 35 years of experience in managing start-ups and multinational corporations, Mr. Borg focuses on real estate, renewable energy, and disruptive equity investments. Mr. Borg's expertise extends to public markets, having listed bonds on NASDAQ, and serving on advisory boards for banking institutions. He has served on the South Florida advisory boards for SunTrust Bank and Truist Bank and is currently serving as a director of JFB Construction Holdings and on the advisory/ambassador boards for ConnectOne Bancorp, Inc. and Seacoast Banking Corporation of Florida. Mr. Borg began his career in IT consulting before transitioning to accounting and eventually focused on investments and developments across Sweden, the USA, and Canada. James D. Burnham has served as the President of JDB Consulting Services, Inc. since October 2003. He has over 30 years of experience in mergers and acquisitions and project development, having commenced his career at Browning-Ferris Industries, Inc. At JDB Consulting Services, Mr. Burnham has principally served as a consultant to various clients interested in acquisition and project development related services (primarily within the solid waste and related industries). Services include business valuation, business brokerage, business planning and modeling, environmental and financial due diligence, loan request packages, operational analysis, transportation analysis, market research, negotiation of legal agreements, project development management on solid waste projects seeking permits, expert witness landfill and transfer station permit valuation and predatory pricing analysis. In addition, since 2014 Mr. Burnham has served as the CEO and Managing Member of Encell Composites of which he was a co-founder. Encell developed and was granted U.S. and other patents on an alternative railroad crosstie produced from recycled material - principally crumb rubber from scrap tires. Mr. Burnham earned a Bachelor of Science in Civil and Environmental Engineering from the University of Wisconsin. Anthony M. Cialone currently serves as President and Chief Operating Officer of Resource Group US, LLC, a position he has held since January 2019. Mr. Cialone brings over 30 years of executive leadership experience, with a strong track record in corporate operations, risk management, and strategic planning. At Resource Group, he has led key initiatives in biomass-to-industrial energy conversion and composting, developed investor-focused funding strategies and financial models, optimized transportation logistics and closed-loop supply chains, and advanced the company's growth through targeted acquisitions. Since May 2020, Mr. Cialone has also served as President and Chief Executive Officer of Microtec Development & Holdings LLC, where he directs financial planning, capital structuring, and the commercialization of Microtec's proprietary waste-to-value technologies. In addition, since March 2022, Mr. Cialone has served as President and Chief Operating Officer of AggrePlex, LLC, where he leads corporate strategy, operations, and market development for the company's production of environmentally sustainable pozzolans used as supplementary cementitious materials. Mr. Cialone holds a Bachelor of Science in Economics and Finance and a Master of Business Administration in Corporate Finance, both from Fordham University. In addition, he has completed advanced coursework and executive education programs at Harvard Business School Online, MIT Professional Education, New York University, and the Stanford Graduate School of Business, earning certificates in Business Strategy, Entrepreneurship & Innovation, Finance & Accounting, Leadership & Management, Life Cycle Assessment, Sustainable Infrastructure Systems, and Chief Sustainability Officer Training, among others. He also holds multiple professional certifications (inactive), including Certified Internal Auditor (CIA), Certified Management Accountant (CMA), Certified Financial Manager (CFM), Certified Treasury Professional (CTP), Accredited Valuation Analyst (AVA), and is Certified in Mergers & Acquisitions (CM&AA). Mr. Cialone previously held securities licenses, including Series 6, 27, and 63. We are honored to welcome Bjarne, Jim, and Tony to our Board of Directors,' said David Villarreal, CEO of Safe and Green Development Corporation. 'Their impressive leadership backgrounds and industry knowledge will bring significant strategic value to SGD as we continue scaling our platform and pursuing new growth opportunities. I also want to sincerely thank our outgoing board members for their service, dedication, and the valued expertise they brought to the Company during their tenure.' About Safe and Green Development Corporation Safe and Green Development Corporation is a real estate development company. Formed in 2021, it focuses primarily on the direct acquisition and indirect investment in properties across the United States that are intended for future development into green single-family or multifamily housing projects. The Company wholly owns Resource Group US Holdings LLC, an environmental and logistics subsidiary operating a permitted 80+ acre organics processing facility in Florida. Resource processes source-separated green waste and is expanding into the production of sustainable, high-margin potting media and soil substrates through advanced milling technology. Its operations also include a logistics platform that provides transportation services across biomass, solid waste, and recyclable materials, supporting both in-house and third-party infrastructure needs. Additionally, Safe and Green Development Corporation wholly owns Majestic World Holdings LLC, a prop-tech company that has developed a real estate AI platform. This platform is integrated into the Company's broader strategy to enhance transaction efficiency and increase margins on home sales by facilitating services such as mortgage origination and down payment assistance. Forward-Looking Statements This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All statements other than statements of historical fact are or may be deemed to be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions and include statements regarding the Company's commitment to operational growth, innovation, and development and the expected contribution of Bjarne Borg, James D. Burnham, and Anthony M. Cialone. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, and expected future developments, as well as other factors we believe are appropriate in the circumstances. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to generate revenue and create shareholder value, the Company's ability to obtain the capital necessary to fund its activities, and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
Zawya
23-05-2025
- Business
- Zawya
South Africa: Life Healthcare 2025, expansion and innovation pay off with strong interim performance
Life Healthcare Group Holdings Limited has announced its interim results for the six months ended 31 March 2025, highlighting robust operational growth, strategic capacity expansion, and continued investment in key healthcare initiatives across Southern Africa. 'We are pleased with the solid financial results from our core operations, particularly the growth in normalised earnings per share. Our balance sheet remains strong, with net debt to normalised EBITDA at 0.65 times, well within our covenant requirement of 3.5 times. "Cash generated from continuing operations was R2bn, representing 105.3% of normalised EBITDA, enabling us to confidently invest in strategic growth projects across both our acute hospitals and complementary services,' said Pieter van der Westhuizen, chief financial officer. This strong financial foundation underpins Life Healthcare's operational progress and its continued investment in meeting rising demand for high-quality healthcare across the region. Operational performance highlights During the first half of the financial year, Life Healthcare's Southern African operations delivered solid growth, driven by increased patient activity and improved occupancy rates. Paid patient days (PPDs) rose by 2.0% compared to the prior period, with overall occupancies advancing to 68.6%. Revenue from continuing operations increased by 8.1% to R12.1bn, supported by a favourable case mix and an annual tariff adjustment of 5.1%. Hospital normalised EBITDA grew by 8.3%, underscoring the resilience and relevance of the Group's core healthcare services in a dynamic healthcare environment. Strong core earnings From a financial perspective, normalised earnings per share (NEPS) from continuing operations increased by 9.1% to 49.0 cents reflecting the strength and stability of the underlying business. Reported earnings per share (EPS) and headline earnings per share (HEPS) are negative for the period, primarily due to a R2.9bn fair-value loss on contingent consideration related to the pending LMI disposal and the absence of the R2.8bn once-off gain from the prior year disposal of Alliance Medical Group. These are non-cash, once-off accounting items that do not impact cash flow or the operational trajectory of the core business. Pro-forma adjustments confirm the Group's underlying performance remains robust. The Board has declared an interim gross cash dividend of 21.0 cents per ordinary share, an increase of 10.5% compared to the prior period. The last date to trade cum dividend is Tuesday, 10 June 2025, with the record date on Friday, 13 June 2025, and payment on Tuesday, 17 June 2025. Strategic development and outlook Peter Wharton-Hood, chief executive officer, commented, 'Our strong performance in the first half of the year underscores the ongoing demand for high-quality healthcare services across our markets and validates our growth strategy. "The new hospital build project in Paarl marks a significant milestone in meeting future regional healthcare needs and exemplifies our commitment to expanding access and improving care delivery.' For FY2025, the Group plans to grow its underlying asset base by adding 58 acute hospital beds, 24 acute rehabilitation beds, one cathlab, one vascular lab, alongside further expansion of the diagnostics business with two new PET-CT sites expected to be completed in H2-2025, as well as the completion of two imaging transactions. Capital expenditure for the year is expected to reach R2.3bn. The Group continues to drive occupancy improvements, as well as focusing on operational efficiencies and asset optimisation. The business remains firmly on track to meet its 2025 outlook guidance. The pending sale of LMI is progressing well and is expected to close in the second half of 2025, representing a key milestone in the Group's portfolio optimisation strategy. Looking ahead to the second half of the year, Life Healthcare will continue prioritising capital allocation, executing its growth initiatives, and delivering long-term value to stakeholders through a pipeline of expansion projects and innovative services. Wharton-Hood expressed gratitude to the team members for their contribution to the Group's strong results. 'We sincerely thank our dedicated Life Healthcare employees, doctors, healthcare professionals, and the LMI team for their resilience, commitment, and unwavering support in exceptional care and advancing our strategic initiatives,' he said. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
