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Henkel reports strong start to fiscal 2021
Henkel reports a very good start to fiscal 2021 overall, achieving significant organic sales growth of +7.7 percent in the first quarter – despite the impacts of the global coronavirus crisis that continue to adversely affect the social and economic environment in numerous markets around the world. Group sales reached around 5 billion euros, an increase of +0.8 percent in nominal terms, significantly impacted by currency headwinds.
Singha Estate recorded 70 million baht net profit, pursued further investment and expected a strong growth this year
Singha Estate Public Company Limited reported its total revenue of 1,306 million baht in the first quarter of 2021, declined 40% from the same period last year. The decline was due mainly to the deconsolidating NVD from consolidated financial statement and coronavirus-induced impact on hospitality business. Nevertheless, an effective cost management, recognizing share of gain from joint ventures and items recorded in accordance with accounting standard resulted in 70 million baht net profit.
Alibaba Group Announces March Quarter and Full Fiscal Year 2021 Results
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced its financial results for the quarter and fiscal year ended March 31, 2021.
SHR emphazises on the performance of CROSSROADS project in Maldives and believes its UK hotel portfolio will flourish in the second half of 2021
S Hotels & Resorts Plc (SHR) has revised its strategies to create a business stability through the revenue and customer diversifications. In particular, this was contributed to the opportunity for business recovery after COVID-19 crisis. The company invested THB 560 million to purchase 26 UK hotels in February 2021, followed by the divestment on a selection of its hotel assets. Proceed from sales will be used to reinvest in the renovation of top-tier hotel in the countries. Nonetheless, SHR was successful in adapting major commercial strategies and introducing a new homegrown brand for attracting Thai residents. The Q1/2021 performance reflected a recovery with 83% rise in revenue from the previous quarter.