EQS-News via SEAPRWire.com / 23/06/2022 / 10:28 UTC+8 CN Logistics International Holdings Limited (2130.HK) issued positive profit alert today, the Group expects to record a year-on-year increase in revenue and net profit attributable to equity shareholders of not less than 40% and 45%, respectively, for the 6 months ending 30 June 2022, which was mainly […]
Tag: revenue
Marcos names new BIR chief
Philippine President-elect Ferdinand R. Marcos, Jr. has tapped Bangko Sentral ng Pilipinas (BSP) Assistant Governor and former Bureau of Internal Revenue (BIR) Deputy Commissioner Lilia C. Guillermo to head the tax collection agency. “Her strong background in IT (information technology) and her almost four decades of service at the BIR complements the President-elect’s objective of […]
Tax court affirms canceled P224-M assessment on EDS
THE Court of Tax Appeals (CTA) affirmed the cancellation of the tax assessment on EDS Manufacturing, Inc. for the fiscal year 2010 worth P223.8 million, inclusive of interest and penalties. In a 12-page decision on April 26, the CTA en banc said the commissioner of internal revenue’s (CIR) petition for review lacked merit as the […]
Tax court grants holding firm’s appeal to cancel liabilities
THE Court of Tax Appeals (CTA) has granted the appeal of Sofgen Holdings Ltd. to set aside its P19.6-million value-added tax (VAT) liability for the taxable year 2015. In a decision on April 21 and made public on April 25, the CTA first division ruled that the assessment and the letter of authority issued by […]
CTA denies review of tax ruling favoring gas firm
THE Court of Tax Appeals (CTA) has denied the appeal of the Internal Revenue commissioner to review its previous decision setting aside Montalban Methane Power Corp.’s alleged tax liabilities amounting to P3.6 million for the calendar year 2009. In a decision on March 30 but made public on April 6, the CTA en banc affirmed […]
Weimob (2013.HK) Smart Retail sends SaaS revenues soaring 90.9%
SHANGHAI, Mar 31, 2022 – (ACN Newswire via SEAPRWire.com) – Weimob Inc (2013.HK) released its 2021 financial report earlier this week (3-28), showing that its adjusted total revenue in 2021 reached 2.686 billion yuan, a record high, and its performance increased by 36.4% against the background of overcoming unfavorable factors such as downward pressure on […]
SF Intra-City Delivers Outstanding Annual Results, Highest Revenue In Third-party On-demand Market
HONG KONG, Mar 30, 2022 – (ACN Newswire via SEAPRWire.com) – Hangzhou SF Intra-City Industrial Co., Ltd. (“SF Intra-City” or the “Company”; stock code: 9699), the largest third-party on-demand delivery service platform in China , today announced its annual results for the year ended 31 December 2021 (the “Year”). Revenue continued to rise with gross […]
Dynasty Fine Wines 2021 Revenue Rises Notably by 28% to HKD306 Million Due to Successful “5+4+N” Product Strategy
HONG KONG, Mar 29, 2022 – (ACN Newswire via SEAPRWire.com) – Dynasty Fine Wines Group Limited (“Dynasty” or “the Group”) (Stock Code: 828), a premier grape winemaker in China, today announced its audited annual results for the year ended 31 December 2021. Revenue in 2021 increased by 28% year-on-year to HK$306 million. Gross profit rose […]
EEKA Fashion Announces 2021 Annual Results, Double-digit Revenue and Profit Growth Driven by Multi-Brand Strategy
HONG KONG, Mar 28, 2022 – (ACN Newswire via SEAPRWire.com) – EEKA Fashion Holdings Limited (Ticker: 3709.HK, “EEKA” or “the Group”) announced unaudited consolidated annual results for the year ended 31 December 2021 (“the period”). In 2021, the Group’s revenue increased 19.3% year-on-year to RMB6.4 billion. Gross profit was RMB4.8 billion, representing an increase of […]
Analogue Achieves Revenue and Net Profit Growth to HK$5,351 Million and HK$314 Million Respectively Despite Adverse Market
HONG KONG, Mar 25, 2022 – (ACN Newswire via SEAPRWire.com) – Analogue Holdings Limited (“Analogue” or the “Company”, together with its subsidiaries, collectively the “Group”) (stock code: 1977), a leading electrical and mechanical (“E&M”) engineering service provider in Hong Kong, today announced its annual results for the year ended 31 December 2021 (“the Year” or […]
Tax court sides industrial park owner in case vs BIR
THE Court of Tax Appeals (CTA) granted the appeal of First Philippine Industrial Park, Inc. to set aside the deficiency tax liabilities of P13.7 million for the calendar year 2009. In a resolution on March 18, the court prohibited the commissioner of the Bureau of Internal Revenue (BIR) from collecting the amount from the company. […]
Leon Fuat Berhad’s Q4 Profit After Tax Jumps 61.8% to RM29 Million
Group’s financial performance supported by higher gross profit margin resulting from higher average selling prices SHAH ALAM, Malaysia, Feb 25, 2022 – (ACN Newswire) – Leon Fuat Berhad (“Leon Fuat” or the “Group”), a manufacturer and trader of steel products, specialising in rolled long and flat products today released the Group’s financial results for the fourth quarter ended 31 […]
PIL’s Revenue Hit All-Time High for FYE 2021
HONG KONG, Feb 25, 2022 – (ACN Newswire via SEAPRWire.com) – Pentamaster International Limited (“PIL” or “the Group”) which is listed under the Main Board of The Stock Exchange of Hong Kong Limited announced its financial results for the year ended 31 December 2021 today. The Group hit a new record in its 2021 revenue, […]
HYPEBEAST LTD. (0150.HK) Ventures Into New Interest Areas Amid Strong Growth Dynamics
HONG KONG, Feb 21, 2022 – (ACN Newswire via SEAPRWire.com) – The board of directors of Hypebeast Limited (Stock Code: 0150.HK) has announced the Group’s unaudited key financial results for the three months ended 31 December 2021 (“FY2022 Q3”). The Group started the Financial Year on a high note and continued momentum in FY2022 Q3 […]
Clarification, guidelines on Section 8 of Revenue Regulation 5-2021 on Tax-Free Exchanges of Properties under the NIRC as amended by Create Act
The Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) 19-2022, which provides clarification and guidance to Revenue District Offices (RDOs), revenue officers, and…
Malaysian Genomics Resource Centre Berhad Records Significant Increase in Revenue of RM7.63 Million
PETALING JAYA, MALAYSIA, Feb 16, 2022 – (ACN Newswire via SEAPRWire.com) – Malaysian Genomics Resource Centre Berhad (“MGRC” or “the Group”), a leading genomics and biopharmaceutical specialist, today announced that it recorded revenue of RM7.63 million for the second quarter ended 31 December 2021 (“2Q FY2022”), a significant increase of RM7.49 million compared with revenue […]
Tax Notes: Tax filing, payment deadlines extended for 30 calendar days for taxpayers in areas under Alert Level 3 or higher; out-of-district filing allowed
The Bureau of Internal Revenue (BIR) issued Revenue Regulation (RR) 1-2022, which extends statutory deadlines for taxpayers within the jurisdiction of BIR Revenue Regions (RRs) and…
Tax Notes: Proprietary educational institutions, nonprofit hospitals taxed at 1% for a limited period
The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 13-2022, which reiterates the amendment on the tax treatment of nonprofit hospitals and proprietary ed…
Clarifying the list of imported articles that no longer require ATRIG from the BIR prior to release from BOC
The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC) 112-2021 on November 10, 2021 to address the issues and concerns in relation to the requirement of…
DFNN unit InPlay.ph reports 61% growth in gross gaming revenue
DFNN, Inc. subsidiary InPlay.ph reported a 60.84% growth to P64.3 million in third-quarter gross gaming revenue (GGR), higher than the previous quarter’s P40 million as the online gaming industry continues to grow. “Online gaming is one pursuit that undoubtedly flourished as a form of entertainment and InPlay.ph has definitely captured a respectable share of this […]