first_img Show Comments ▼ CITY MOVES | WHO’S SWITCHING JOBS More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Monday 23 August 2010 7:39 pm Share whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Future GroupThe media business has appointed former ITN chief executive Mark Wood as chief executive of its UK business. Wood, who stood down from ITN last year, has been a non-executive director at Future since April 2009. He will leave the board on taking up his new post at the end of the month.Prior to ITN, he worked for Reuters, where he served on the board and held responsibility for the news and televisions businesses.HSBCThe bank has made five new appointments in its global foreign exchange unit in the Asia Pacific global markets division.Former UBS Singapore employee Clyde Choi becomes head of emerging markets in FX trading in Asia Pacific; Ryuichi Atsuta becomes a director of FX trading in Japan, having moved over from BoA Merrill Lynch; Guy Dickinson joins from Barclays as a director of FX trading in Hong Kong, where Joanne Ng also joins from Goldman Sachs as head of institutional FX sales; and Sean Jeon becomes head of institutional sales in Korea.Deutsche BankThe bank has appointed four new senior figures to its corporate banking platform in the US.Philippe Sandmeier rejoins the bank from RBS to head up natural resources coverage, while Ross Levitsky becomes managing director of West Coast coverage in New York following a 15-year tenure at Citi. Lawrence Williamson moves over from JP Morgan as a managing director in the healthcare corporate team, while Kurt Anstaett leaves BoA Merrill Lynch after 31 years to become managing director of corporate banking for the Midwest region.Collins StewartThe financial advisory group has appointed Eddy Hargreaves to its large cap European research team. Alongside Rob Mann and Alicia Forry, Hargreaves will cover the European consumer goods sector. He has previously held positions at sell side houses, including UBS and Dresdner Kleinwort Wasserstein, and at long-only investment institutions, including a stint as head of companies research at Henderson.City of London InvestmentOmar Ashur has resigned from the board of the asset management group with immediate effect. Ashur joined the board in 2001 as a representative of FMH, then one of City of London Investment Group’s major shareholders, and maintained his position for two years after FMH sold down its 30 per cent stake in the company. KCS-content Tags: NULL whatsapplast_img read more

Mauritius Cosmetics Limited ( 2019 Abridged Report

first_imgMauritius Cosmetics Limited ( listed on the Stock Exchange of Mauritius under the Pharmaceuticals sector has released it’s 2019 abridged results.For more information about Mauritius Cosmetics Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Mauritius Cosmetics Limited ( company page on AfricanFinancials.Document: Mauritius Cosmetics Limited (  2019 abridged results.Company ProfileMauritius Cosmetics Limited is based in Mauritius and is involved in the production of toothpaste, related cosmetic products as well as furniture care products. The company manufactures and distributes its products under the brand names Yves Rocher, Blaise Mautin, Azzaro, and Clarins just to name a few. Mauritius Cosmetics Limited is listed on the Stock Exchange of Mauritius.last_img read more

Vaccine equity and tackling climate change top Anglican leaders’ hopes…

first_imgVaccine equity and tackling climate change top Anglican leaders’ hopes for G7 Rector Smithfield, NC Bishop Diocesan Springfield, IL The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector/Priest in Charge (PT) Lisbon, ME Tags Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Rector Washington, DC Press Release Service Associate Rector for Family Ministries Anchorage, AK Priest-in-Charge Lebanon, OH Cathedral Dean Boise, ID Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Priest Associate or Director of Adult Ministries Greenville, SC Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT Rector Bath, NC Submit a Press Release AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Pittsburgh, PA Youth Minister Lorton, VA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Rector Knoxville, TN Family Ministry Coordinator Baton Rouge, LA Featured Jobs & Calls Missioner for Disaster Resilience Sacramento, CA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Martinsville, VA Director of Music Morristown, NJ Assistant/Associate Rector Morristown, NJ Assistant/Associate Rector Washington, DC Rector and Chaplain Eugene, OR Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Course Director Jerusalem, Israel Curate Diocese of Nebraska Assistant/Associate Priest Scottsdale, AZ Submit a Job Listing Associate Rector Columbus, GA In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 Rector Shreveport, LA Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Curate (Associate & Priest-in-Charge) Traverse City, MI An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Anglican Communion Submit an Event Listing Featured Events New Berrigan Book With Episcopal Roots Cascade Books Associate Priest for Pastoral Care New York, NY [Anglican Communion News Service] Global access to COVID-19 vaccines and urgent action to tackle climate change are amongst the issues of concern to Anglican leaders from G7 countries as leaders of the seven wealthiest nations gather in Cornwall, England, for their annual summit. Speaking to the Anglican Communion News Service, Anglican leaders stressed the impact of COVID-19 on indigenous communities and also raised issues of nuclear energy, the care of refugees and the need to hear the voices of young people.The heads of state and government from the Group of Seven (G7) – Canada, France, Germany, Italy, Japan, the United Kingdom and the United States – are meeting June 11-13 for their 47th summit. It is taking place at Tregenna Castle in Carbis Bay, Cornwall.Read the entire article here. Canon for Family Ministry Jackson, MS Rector Albany, NY Rector Collierville, TN Rector Tampa, FL Director of Administration & Finance Atlanta, GA Rector Belleville, IL Posted Jun 11, 2021 Rector (FT or PT) Indian River, MI Rector Hopkinsville, KY Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET last_img read more

House with 49 Trees / RENESA Architecture Design Interiors Studio

first_imgArchitects: RENESA Architecture Design Interiors Studio Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard House with 49 Trees / RENESA Architecture Design Interiors StudioSave this projectSaveHouse with 49 Trees / RENESA Architecture Design Interiors Studio Projects ShareFacebookTwitterPinterestWhatsappMailOr Clipboard India Manufacturers: Sezra, White Lighting SolutionsFounder And Principal Architect:Sanjay AroraStudio Head Architect:Sanchit AroraDesign Team:RENESA Architecture Design Interiors StudioClient:Khanna Family, Dr. Vivek Khanna, Vivek Khanna, Khanna FamilyInterior Designer:Navdisha KukrejaStudio Technical Head:Virender SinghArchitects:Akarsh Varma, Jagdish Bangari, Aayush Misra, Tarun Tyagi, Tanushi Goyal, Janhvi Ambhudkar, Prarthna MisraArchitect, Text:Anushka AroraArchitecture Intern:Ayushi GuptaContractor:Umesh Mehta, Jitender KumarCity:GurugramCountry:IndiaMore SpecsLess SpecsSave this picture!© Niveditaa GuptaRecommended ProductsMetallicsTECU®Copper Surface – Classic CoatedConcreteKrytonConcrete Hardening – Hard-CemEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornDoorsAir-LuxPivoting DoorText description provided by the architects. The essential meaning of the project comes from a desire to empathize that there is no modernity without a good tradition. The studio’s approach was to create an imagery where architecture takes root in a site, and the site makes the architecture real. The house evolving from around the trees itself, places the built as no longer an independent object, but a medium to connect rough concrete and sandstone with soft trees, engaging a space capable of reacquainting the resident with an elusive intensity of feeling.Save this picture!© Niveditaa GuptaThe House of 49 Trees appears to be carved out of the trees, openly sharing the materials of its making- raw painted concrete and a vertex of red sandstone with steel slats meticulously organized to delineate itself, as if the façade has been pushed out of its form to create an additional layer. The unique trapezoidal shape of the land, with two street facing sides, called for a design that is at ease with seeing and being seen from all sides, as well as from the inside to the outside. Spatial design strategies envisaged around this trapezoid into large rooms with wedge shaped annexes that formed in the bathrooms adding an interesting design element to an otherwise mundane space.Save this picture!© Niveditaa GuptaSave this picture!House LayoutSave this picture!© Niveditaa GuptaThe house unfolds as an anticipatory winding walk between the light walls and the monolith stone staircase that runs to the other levels of the house. A clear passage leads you to a fairly open living room, the interior of which was designed in neutral tones to create a sense of a sanctuary; one that embraces nature. All common areas spread across the three floors overlook a splash pool and Barragan inspired water spout, clad in red sandstone, through which water cascades amidst a revelatory garden set, hidden from the outside. The greenery is woven around the house, whereby plants have been given free reign to clamber between all levels, enhancing the foundational cubic forms of the house.Save this picture!© Niveditaa GuptaThe House of 49 resonates with indigenous architecture; The respectful dominance of the materials, left minimally treated and finished with staggered floors that act as vantage points and break away from the straight-lined angles of a house. The balconies protrude outwards suggesting a method of addition that welcomes shade for the pool below, whilst remaining wrapped amidst the trees.Save this picture!© Niveditaa GuptaThe interior of the house was done keeping in mind the innate experiences the house and its inhabitants share. Curated and Collected from various places, the design suggests a personalized touch as serene as the house itself. Like its users, the house matures over time. Conceptualized through an outside to inside philosophy, the house of 49 trees fuses architectural form and planning to the emotive quality of curating various movements within the house. CopyHouses•Gurugram, India “COPY” Save this picture!© Niveditaa Gupta+ 32Curated by Hana Abdel Share “COPY” Project gallerySee allShow lessBuilding AN / URCODE ArchitectureSelected ProjectsNOC Coffee Co. / Studio AdjectiveSelected Projects Share Area:  10000 ft² Year Completion year of this architecture project House with 49 Trees / RENESA Architecture Design Interiors Studio Year:  Photographs:  Niveditaa Gupta Manufacturers Brands with products used in this architecture project CopyAbout this officeRENESA Architecture Design Interiors StudioOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesGurugramOn FacebookIndiaPublished on October 18, 2020Cite: “House with 49 Trees / RENESA Architecture Design Interiors Studio” 18 Oct 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – LogisVinyl Walls3MExterior Vinyl Finish – DI-NOC™ StonePartitionsSkyfoldWhere to Increase Flexibility in SchoolsTiles / Mosaic / GresiteCupa PizarrasVentilated Facade – CUPACLAD UprightGlassLAMILUXGlass Roof PR60ConcreteKrytonCrystalline Waterproofing – KIMSkylightsVELUX CommercialAtrium Longlight Skylights in ExperimentariumMetal PanelsLorin IndustriesAnodized Aluminum – Copper FinishesStonesFranken-SchotterWall Covering & CladdingWindowsRabel Aluminium SystemsMinimal Casement Windows – Rabel 8400 Slim Super Thermal PlusSwingsStudio StirlingHanging Chair – BasketWallcovering / CladdingArrigoni WoodsWood Cladding – AcousticMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream ArchDaily 2020 Photographs Houseslast_img read more

Over €88k for Limerick Community Call response to Covid-19

first_imgNewsCommunityOver €88k for Limerick Community Call response to Covid-19By Cian Reinhardt – April 13, 2020 181 WhatsApp Advertisement TAGSCommunityCoronavirusCovid 19Limerick City and CountyNews Government announces phased easing of public health restrictions Institute of Public Health addresses loneliness as a challenge to national health in light of Covid-19 restrictions Linkedin Print Email ‘Everything tells us we are moving forward’center_img Limerick health chiefs urge public not to withhold information on virus contacts, as they investigate “complex and serious outbreaks” across midwest region RELATED ARTICLESMORE FROM AUTHOR Mass COVID testing to take place at University of Limerick following fresh outbreak of virus among student population Twitter Covid antibody testing opens to public at Shannon Airport Previous articleLimerick Post Show | Greg O’SheaNext articleRegeneration Online Conference takes place this week Cian Reinhardthttp://www.limerickpost.ieJournalist & Digital Media Coordinator. Covering human interest and social issues as well as creating digital content to accompany news stories. [email protected] Facebook MORE than €88,000 in funding has been secured for Limerick’s Community Call response to COVID-19.The COVID-19 Emergency Fund, which provides immediate and urgently needed funding to local groups participating in the Government’s “Community Call” initiative which is being led here by Limerick City & County Council in response to the COVID-19 pandemic.Sign up for the weekly Limerick Post newsletter Sign Up The Limerick branch of the project is to receive a sum €88,883 in according to Fine Gael TD, Kieran O’Donnell.He said,  “Local community and voluntary groups here in Limerick are supporting significant numbers of vulnerable people, many of whom are self-isolating, to get through this crisis.”The Fine Gael TD said this fund will help the group “cover the costs of their fantastic work”, and said the allocation of funds is “a response to support immediate and emergency efforts by community and voluntary groups in assisting people locally”.Deputy O’Donnell said, “Over the coming days, each Local Authority will provide information to groups involved with the ‘Community call’ effort in their area, regarding how to apply to the COVID-19 Emergency Fund.“It is recognised that there are wider challenges and impacts facing the community and voluntary sector as a whole, but this initiative will help to provide support to community groups that are delivering services at the frontline.”O’Donnell noted priority will be given to organisations “which incur costs on direct delivery of frontline services to people” highlighting the work of Meals on Wheels and similar services.“These individual grants will generally be modest in nature, however it is expected that higher amounts will provided where the need is greatest,” Deputy O’Donnell said.The Minister for Rural and Community Development, Michael Ring, said, “My Department has allocated a total of €2.5 million funding to Local Authorities, and Local Authorities will now administer the funding to groups involved in the Community Call effort. Local Authorities will be making contact with those groups participating in Community Call in the very near future with further details.  The need for funding assistance will be kept under review.“Collaboration and partnership between the community and voluntary sector and the State are key to coordinating and responding to the needs of our communities and supporting people at this time. These groups are making a real difference to help individuals at this unprecedented time.”last_img read more

Edwards earns top tutor honors at TPL

first_img “I have a passion for service and working with young students is an amazing opportunity and a awesome experience. While Payton was learning, I was learning. This tutoring experience has taught me patience and, that was something I needed to learn.”Edwards enrolled in the Troy Public Library’s tutoring program in 2014 and has exceeded all expectations, Colvin said. “From the beginning, I knew that Jessica was special,” Colvin said. “She was dedicated to the program and passionate about helping students that were struggling. She can relate to young people in such a way that they want to achieve. She gives them the confidence that they can achieve. With Jessica as his tutor, Payton has shown tremendous progress, from a non-achiever to making all A’s. That says a lot about Jessica and about Payton.” Plans underway for historic Pike County celebration By Jaine Treadwell Edwards earns top tutor honors at TPL Remember America’s heroes on Memorial Day Jessica is majoring in social work with a double minor in leadership development and creative writing. But along her career path, she took a fork in the road.“I was in broadcast journalism but I realized that was not my calling,” she said. “I’ve now found my calling.”And, if there had been any doubt the change in career paths, the public library’s tutoring program and the teacher/student relationship Jessica has enjoyed with Payton, validated her decision to major in social work.“It has been such a joy to see Payton achieve and to enjoy learning,” she said. “I’ll continue to be involved in the tutoring program. I enjoy working hands on in teaching children. It’s a way that I can serve the community and it’s a blessing to be able to give back.” Jessica Edwards, a third-year student at Troy University, was recognized Friday as the Troy Public Library’s 2016 Tutor of the Year. As the award was presented by Teresa Colvin, children’s librarian, Payton Bean, a second grader at Troy Elementary watched shyly but with a smile pushing at the corners of his lips.Edwards has been tutoring Payton for two years and he has made tremendous academic improvements and, for the first time, made all A’s this semester.“We share this award,” Edward said, obviously honored to receive the award and extremely proud of her little buddy and he for her. Email the author Book Nook to reopen Published 3:00 am Tuesday, February 14, 2017 By The Penny Hoardercenter_img Sponsored Content Edwards is from Tuscaloosa and she is committed to servant leading. She represented Troy University as a member of Freshman Forum and has been a member and held positions in the Gospel Choir, Sigma Alpha Sigma, Supreme Court and NAACP. Her future plans include some area of counseling.“I’m interested in marriage counseling, in drug rehabilitation – just so many areas. I would like to, one day, establish a home for the homeless. The heart is fed by the love you can pour into others. There are many opportunities to be blessed by being a blessing. That’s what I want my career to be – a blessing to others.” Pike County Sheriff’s Office offering community child ID kits Troy falls to No. 13 Clemson You Might Like Troy Music Study Club begins new year The Troy Music Study Club began the new year with a meeting at the home of the president, Lyra Crapps,… read more The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Latest Stories Print Article Around the WebIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthRemember Them? I’m Sure Their New Net Worth Will Leave You SpeechlessbradofoThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Police find 3 children, 1 adult dead of gunshot wounds at Michigan home

first_imgaijohn784/iStock(NEW YORK ) — Three children and one adult female have been found dead of gunshot wounds at a home in Kent County, Michigan, according to police.Investigators are currently interviewing witnesses who called 911 to report the shooting, Kent County Sheriff Michelle LaJoye-Young told reporters Monday afternoon. She did not reveal any information about the callers or the victims.LaJoye-Young did not identify the victims and would not give any information as to their ages. She asked anyone in the public with video showing traffic to and from the scene to provide it to investigators.Authorities do not believe there is a threat to the public or a suspect at large at this time, LaJoye-Young said. Murder-suicide is one of the possibilities they are reviewing for the case, she added.LaJoye-Young described the scene as a “horrific thing to be called to.” Deputies have blocked off 19 mile and Albrecht in NE Kent County, avoid the area @wzzm13— Amir Abbas (@AmirAbbasWZZM) February 18, 2019Additional details were not immediately available.Copyright © 2019, ABC Radio. All rights reserved.last_img read more

…in brief

first_imgRelated posts:No related photos. Previous Article Next Article This week’s news in briefAsda is top employer Consignia to announce 40,000 job cuts Asda has been named top employer inthe annual Sunday Times Best Companies to Work For survey. Also in the top 100were hi-fi retailer Richer Sounds (3rd), Goldman Sachs (8th), Bacardi Martini(9th), Capital Radio (27th) and Pret a Manger (34th). strikes planned Rail workers are planning further strikes in a dispute with LondonUnderground over safeguarding jobs if private contractors take over parts ofthe network. The Rail Maritime and Transport Union claims LU has watered downparts of an agreement relating to redundancies. The union intends to ballotmembers on industrial action unless its terms are met. falls The unemployment rate has fallen over the past year, according toInternational Labour Organisation figures. The number of unemployed people fell0.1 per cent to 5.1 per cent in the year from November 2001 to January 2002compared to the same period the previous year. Earnings increased by 2.7 percent in the year to January, down by 0.7 percent from December. shortage The haulage industry is facing a driver shortage according to a reportreleased by Lex Transfleet. The survey finds that 35 per cent of drivers willhave left the industry or retired by 2007 and few young people are interestedin joining the sector. Drivers blamed congestion, long hours and a lack ofmoney for forcing them out of the industry. back on track Train drivers in Scotland have halted industrial action planned for nextweek to allow more time for talks. Strike action was planned for 26 and 28March, but drivers’ union Aslef said it had been cancelled to allow both sidesto meet in London. Talks started last week and were scheduled to last ninedays. Comments are closed. …in briefOn 26 Mar 2002 in Personnel Todaylast_img read more

Esquires coffee chain expands in UK

first_imgEsquires Coffee Houses UK has announced plans to open another eight franchised stores in the UK, by summer 2009. The company, now in its tenth year of trading, currently has 25 outlets in the UK.Peter Kirton, managing director of Esquires Coffee Houses UK, said he had identified a number of locations that he believed would fit with Esquires offering. “We’ve had an overwhelming level of interest in the Esquires Coffee Houses franchise operation over the past year,” said Kirton. “Though we are not able to disclose exact locations at this point, I am pleased to say that the new stores will be well spread across the country.”The chain’s Canadian parent company has also just announced agreements to open a combined total of 585 across China, India, the Middle East and Egypt, as part of the firm’s plans to further expand its international franchises.last_img read more

Rock of Ages reports return to profitability

first_imgRock of Ages Corporation,Rock of Ages Corporation (NASDAQ:ROAC) today announced financial results for the fourth quarter and 2009, highlighted by a return to profitability for the quarter and year versus losses for the prior year periods, an increase in cash generated from operations to approximately $10,800,000 for 2009 compared to about $2,300,000 for 2008, and the reduction of total debt by an additional $7,500,000 in 2009 following the $8,000,000 debt reduction achieved in 2008. We are optimistic that we can grow both our quarry and manufacturing segments in 2010, even as we maintain our tight control over operating costs and continue deleveraging our balance sheetNet income for the fourth quarter of 2009 was $609,000, or $0.08 per diluted share, on revenue of $12,279,000. This compares to a net loss for the fourth quarter of 2008 of $2,677,000, or $0.36 per diluted share, on revenue of $16,560,000. Results for the fourth quarter of 2008 included a $3,930,000 charge for the write-off of second-grade granite block inventory and a $1,348,000 write-down of the Company’s former headquarters building.”Contrary to our expectations last November, the quarry yield issues that bedeviled us in the third quarter continued to be a problem in the fourth quarter. The decrease in fourth quarter revenue was a direct result of the poor recovery in our export quarries. Demand for our stone remains extremely high in our key export markets; we simply did not have enough of the desired inventory to satisfy it. We are taking steps to rectify this situation. During the fourth quarter we launched a development program in new areas in our Barre, Bethel and White Gardenia quarries in order to increase production and decrease unit costs beginning in 2010,” said Chief Executive Officer Donald Labonte.”Also encouraging was the improved performance of our manufacturing segment in the fourth quarter of 2009. Revenue was flat with the prior year level, following negative revenue comparisons in each of the first three quarters, and operating income increased 15%, reflecting improved fourth quarter sales from our authorized dealers and of mausoleums,” Labonte said.”We are optimistic that we can grow both our quarry and manufacturing segments in 2010, even as we maintain our tight control over operating costs and continue deleveraging our balance sheet,” the CEO added.Net income from continuing operations for 2009 was $802,000, or $0.11 per diluted share. This compares to a loss from continuing operations for 2008 of $2,054,000, or $0.28 per diluted share, which included the inventory charge and write-down of the Company’s former headquarters building mentioned above. Revenue for 2009 decreased to $45,521,000 compared to $55,869,000 for 2008.SG&A expenses decreased 7% for 2009 compared to 2008, and unallocated corporate overhead decreased 16%. Interest expense for 2009 decreased to $1,158,000 from $1,368,000 for 2008.Balance Sheet HighlightsTotal debt at December 31, 2009 was $14.4 million, 34% below total debt of $21.8 million reported at December 31, 2008.Stockholders’ equity at December 31, 2009 was $26,504,000, or $3.57 per diluted share. This compares to stockholders’ equity at December 31, 2008 of $20,431,000, or $2.75 per diluted share.About Rock of AgesRock of Ages ( is external)) is the largest integrated granite quarrier and manufacturer of finished granite memorials and granite blocks for memorial use in North America.Forward-Looking StatementsThis press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about our business or expected events based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual events, results or outcomes may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including the challenge of successfully implementing our strategic plan intended to enhance our overall profitability; unanticipated overhead or other expenses; and other risks discussed from time to time in the Company’s Securities and Exchange Commission filings and reports including, but not limited to, the risks discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Source: BARRE, Vt.–(BUSINESS WIRE)–3.16.2010last_img read more