Philanthropists and corporates have been stepping in to help the city fight the COVID-19 pandemic.
St. Martha’s Hospital received 150 sets of oxygen concentrators that were sent by Dubai-based NRI Eugene Mayne, founder and chief executive of the Tristar Group.
Mr. Mayne, a graduate of St. Joseph’s Bangalore and Bangalore University, sourced the oxygen concentrators from Europe.
“We hope that this small gesture of support will provide some relief to all those suffering during this difficult time. Our thoughts and prayers are with our fellow citizens in India,” he stated in a press release.
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Covid-19: Dubai firm donates 150 oxygen concentrators to India
Web report/Dubai
File photo
Oxygen machines were donated to St. Martha’s Hospital in Bengaluru
Dubai-based logistics company Tristar Group has donated 150 sets of oxygen concentrators to St. Martha’s Hospital in Bengaluru, India, to support the state’s battle against the Covid-19 pandemic .
Each unit donated is a compact oxygen machine that can provide respiratory therapy for those who may require five litres or less of oxygen flow.
“It’s a difficult time for us to see our country men and women battling against all odds to save lives and we hope that this small donation will provide much needed recourse to hundreds of people who are in need of oxygen to breathe which is a universal right for every human being. We are a business for purpose and saving lives is an integral part of our corporate strategy,” said Eugene Mayne, Group CEO of Tristar.
Announcement of Intention to Float on the Dubai Financial Market
DUBAI, UAE, March 23, 2021 /PRNewswire/ Tristar Transport (PJSC - under incorporation) ( Tristar or the Company or, with its subsidiaries and subsidiary undertakings, the Group ), a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, today announced its intention to proceed with an initial public offering (the IPO or the Offering ) on the Dubai Financial Market ( DFM ).
Established in 1998 as a road transport service provider for the petroleum industry in the UAE, Tristar has evolved into a leading integrated energy logistics company serving a diversified customer base of blue-chip investment grade companies. The Group has operations in 21 countries and territories across three continents and has over 2,000 road transport assets and 35 maritime vessels, including the operation of 69 fuel farms and over 100 remote fuel sites, providing a wide spectrum of integrated ser
Net profit gain came to 9.3%, with Tristar bolstered by repeat businesses Tristar s network has grown beyond the Middle East into Africa as well as India. Image Credit: Supplied
Dubai: The Dubai based logistics operator Tristar recorded gains on net profit for the first three months of 2021, while revenues continued to demonstrate resilience . While EBITDA was up 9.9 per cent on a year-on-year basis, it was 9.3 per cent on net profit.
“Our business has achieved considerable success over the last 23 years and will continue to deliver growth and returns going forward, said Eugene Mayne, Group CEO. We have a strong pipeline of growth opportunities which will deliver visible EBITDA growth going forward.
Tristar Transport announces plan to float IPO
DUBAI, 3 hours, 48 minutes ago Tristar Transport, a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, has announced its intention to proceed with an initial public offering (IPO) on the Dubai Financial Market (DFM). Established in 1998 as a road transport service provider for the petroleum industry in the UAE, Tristar has evolved into a leading integrated energy logistics company serving a diversified customer base of blue-chip investment grade companies. The Group has operations in 21 countries and territories across three continents and has over 2,000 road transport assets and 35 maritime vessels, including the operation of 69 fuel farms and over 100 remote fuel sites, providing a wide spectrum of integrated service offerings.