4E Green Farm in Yaphank supplies farmers markets all year-round newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.
T3EX net profit soars on higher air, sea cargo rates
By Kao Shih-ching / Staff reporter
Freight forwarder and logistics operator T3EX Global Holdings Corp (台驊國際投資控股) saw its net profit advance 17.39 times from a year earlier to NT$398.17 million (US$14.25 million) last quarter, as air and sea cargo rates remained high.
Earnings per share (EPS) jumped to NT$3.16 last quarter, not only hitting the highest in a single quarter, but also surpassing cumulative EPS in the first three quarters of last year, it said yesterday.
“We suffered in the first quarter last year due to the COVID-19 pandemic and even had to ask some of our employees to take unpaid leave. However, the tide has turned this year,” T3EX chairman David Yen (顏益財) told an earnings conference.
T3EX planning record cash dividend after profit surge
By Kao Shih-ching / Staff reporter
T3EX Global Holdings Corp’s (台驊) board of directors has approved a proposal to distribute a record cash dividend of NT$3.2 per share after the company’s net profit surged 117 percent to NT$541 million (US$19.1 million) last year.
The proposed cash divided suggests a payout ratio of 68 percent based on T3EX’s earnings per share of NT$4.72 and a yield of 6.68 percent based on its closing share price of NT$47.9 in Taipei trading yesterday.
“It is our goal to maintain a payout ratio of above 60 percent, as we want to attract investors with higher yields. Given that our earnings per share hit a new high last year, we decided to boost the cash dividends,” T3EX told the Taipei Times by telephone.
Cadence Bank donation backs Texas Southern University banking program
FacebookTwitterEmail
The Jesse H. Jones School of Business at Texas Southern University will launch a Future Bankers Leadership Program in fall 2021.Steve Gonzales, Houston Chronicle / Staff photographer
Cadence Bank announced a $500,000 commitment to Texas Southern University’s Jesse H. Jones School of Business to support a new Future Bankers Leadership Program at the historically Black university.
The program, which will focus on preparing students for a commercial banking career, will launch this fall. The bank announced a three-year, $250,000 pledge to fund scholarships to business students based on merit and financial need. Another $250,000 contribution will be made to the FBLP program endowment.