Global Liquid Malt Extracts Market 2017 – Muntons, Associated British Foods, the Malt Company, Ireks

Pune, Mahrashtra — (SBWIRE) — 03/23/2017 — Global Liquid Malt Extracts Market 2017 Research Report offers comprehensive research study on the current scenario of the Liquid Malt Extracts market globally, offering a primary overview of Liquid Malt Extracts market, consisting of definitions, classifications, a range of applications and Liquid Malt Extracts industry chain structure.

Liquid Malt Extracts Market report includes development plans and policies along with manufacturing processes and price structures. Liquid Malt Extracts market scope, share and potential users are analyzed. The Liquid Malt Extracts market is divided according to its types, applications and companies.

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Global Liquid Malt Extracts Market 2017 : Competitive Study and Key Sellers-
1 Muntons
2 Associated British Foods
3 The Malt Company
4 Ireks
5 Doehler
6 Briess Malt & Ingredients
7 Maltexco
8 Barmalt
9 Northern Brewer
10 Harboe/Barlex
11 Malt Products
12 PureMalt Products
13 Huajia Food
14 Guangzhou Heliyuan Foodstuff

The report on Liquid Malt Extracts market offers an analytical view of the Liquid Malt Extracts industry performance globally. The report is divided in a detailed chapter-wise format. To start with, the market definition, classification and industry chain structure is included in the report, to update users on market dynamics. Development trends followed by Liquid Malt Extracts market globally are mentioned along with competitive landscape of the market.

Apart from this, region wise market analysis is done which comprises of key regions i. e. (US, EU, China and Japan). Other regions can be added as per the need.

Global Liquid Malt Extracts Market 2017 Report also covers import/export details, product specification, images, product cost, Liquid Malt Extracts gross margin and revenue. The report also presents the market size for each section during the forecasting period from 2015 to 2020.

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Lastly, the Liquid Malt Extracts Report is an effective combination of both primary and secondary research. Primary research includes facts gathered via interviews and the secondary research includes evaluation of annual reports, press releases and various international and national databases.

Hence, the Liquid Malt Extracts Report focuses on the complete analysis of past, present and future trends, regulatory needs and technological innovations.

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Triazole Market Forecast 2022: Global & Chinese Key Manufactures, Challenges, Opportunities

Triazole Market report provides key statistics on the market status of the Triazole Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Triazole industry.

The Triazole Market report delivers a basic overview of the industry including its definition, applications and manufacturing technology. Also, the Triazole industry report explores the international and Chinese Major Market players in detail.

The Triazole market report presents the company profile, product specifications, capacity, production value, Contact Information of manufacturer and market shares for each company.

Through the statistical analysis, the Triazole market report depicts the global and Chinese total market of Triazole industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

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Table of Contents:

Chapter 1 Overview of Triazole Market
1.1 Brief Overview of Triazole Industry
1.2 Development of Triazole Market
1.3 Status of Triazole Market

Chapter 2 Manufacturing Technology of Triazole Industry
2.1 Development of Triazole Manufacturing Technology
2.2 Analysis of Triazole Manufacturing Technology
2.3 Trends of Triazole Manufacturing Technology

Chapter 3 Analysis of Global Triazole Market Key Manufacturers
3.1.1 Company Profile
3.1.2 Product Information
3.1.3 2012-2017 Production Information
3.1.4 Contact Information

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Chapter 4 2012-2017 Global and Chinese Triazole Market
4.1 2012-2017 Global Capacity, Production and Production Value of Triazole Market
4.2 2012-2017 Global Cost and Profit of Triazole Market
4.3 Market Comparison of Global and Chinese Triazole Industry
4.4 2012-2017 Global and Chinese Supply and Consumption of Triazole Market
4.5 2012-2017 Chinese Import and Export of Triazole

Chapter 5 Market Status of Triazole Industry
5.1 Market Competition of Triazole Industry by Company
5.2 Market Competition of Triazole Industry by Country (USA, EU, Japan, Chinese etc.)
5.3 Market Analysis of Triazole Consumption by Application/Type

Chapter 6 2017-2022 Market Forecast of Global and Chinese Triazole Market
6.1 2017-2022 Global and Chinese Capacity, Production, and Production Value of Triazole market
6.2 2017-2022 Triazole market Cost and Profit Estimation
6.3 2017-2022 Global and Chinese Triazole Market Share
6.4 2017-2022 Global and Chinese Supply and Consumption of Triazole
6.5 2017-2022 Chinese Import and Export of Triazole

Chapter 7 Analysis of Triazole Industry Chain
7.1 Triazole Industry Chain Structure
7.2 Upstream Raw Materials
7.3 Downstream Industry

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Chapter 8 Global and Chinese Economic Impact on Triazole Market
8.1 Global and Chinese Macroeconomic Environment Analysis
8.1.1 Global Macroeconomic Analysis of Triazole Industry
8.1.2 Chinese Macroeconomic Analysis of Triazole Industry
8.2 Global and Chinese Macroeconomic Environment Development Trend
8.2.1 Global Macroeconomic Outlook of Triazole Market
8.2.2 Chinese Macroeconomic Outlook of Triazole Market
8.3 Effects to Triazole Market

Chapter 9 Market Dynamics of Triazole Industry
9.1 Triazole Industry News
9.2 Triazole Industry Development Challenges
9.3 Triazole Industry Development Opportunities

Chapter 10 Proposals for New Project
10.1 Triazole Market Entry Strategies
10.2 Countermeasures of Economic Impact
10.3 Marketing Channels included in Triazole industry
10.4 Feasibility Studies of New Project Investment

In the end, the Triazole market report makes some important proposals for a new project of Triazole Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2012-2022 global and Chinese Triazole market covering all important parameters.

No. of Pages: 150

Price of Report: $ 3000 (Single User Licence)

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Bill Bertha, Wisconsin Market President at U.S. Bank, to Retire

MINNEAPOLIS–(BUSINESS WIRE)–U.S. Bank announced today that Bill Bertha, Wisconsin market president, plans to retire in June. Bertha will be succeeded by Tom Richtman.

“We congratulate Bill on his exceptional career at U.S. Bank and for his business and community leadership in Wisconsin,” said Elliot Jaffee, head of Commercial Banking at U.S. Bank. “Bill has been a strong advocate of our core values, including putting people first. He leaves behind a remarkable legacy. I’m very pleased that Tom will take on the role of market president and continue to make possible happen for our clients and the greater community.”

Bertha has served as market president in Wisconsin since 2005. Under his leadership, U.S. Bank gained market share and significantly grew its presence in this important region. Prior to U.S. Bank, Bill served as a managing director at both Deutsche Bank and Dean Witter Reynolds. He is a highly regarded community leader and has been active as a board member with Big Brothers Big Sisters, Boys & Girls Clubs, the Greater Milwaukee Committee and the University of Wisconsin-Madison Business School.

Richtman has been with U.S. Bank, dedicated to the Wisconsin market, for more than 33 years. In his current role, he serves as a relationship manager team lead in Commercial Banking. He has also held roles in Large Corporate Banking and Business Banking groups within U.S. Bank. Tom is an active leader in the community, serving on the board of directors at Goodwill Industries of Southeast Wisconsin and the Coalition for Children, Youth and Families.

U.S. Bank employs more than 5,400 people in Wisconsin and has over 129 branches in the market. In 2016, U.S. Bank made $2.8 million in foundation grants and corporate contributions to nonprofit partners in Wisconsin.

About U.S. Bank
Minneapolis-based U.S. Bancorp (NYSE: USB), with $446 billion in assets as of December 31, 2016, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. The Company operates 3,106 banking offices in 25 states and 4,842 ATMs and provides a comprehensive line of banking, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Microfiber Market Viewed As Ideal For Healthcare As The Material Helps Improve Moisture Retention – MarketIntelReports

Wilmington, Delaware, United States, March 23, 2017 (GLOBE NEWSWIRE) — The report “Global Microfiber Market by Manufacturers, Regions, Type and Application, Forecast to 2021”, available on MarketIntelReports, estimates that the Asia-Pacific will be a key future growth driver. Browse numerous Market Tables as well as Figures which are spread through 110 Pages and an in-depth TOC on the “Microfiber Market Forecast 2021http://www.marketintelreports.com/report/GIR0072/global-microfiber-market-by-manufacturers-regions-type-and-application-forecast-to-2021Scope & Regional Forecast of the Microfiber MarketMicrofiber is synthetic fiber finer than one denier or decitexthread. However, recently, there is no uniform definition of international fine fibers. In Japan, microfiber is less than 0.3 dtex. German Textile Association monofilament polyester fiber linear density of less than 1.2 dtex, polyamide fiber linear density of less than 1.0 dtex is called superfine fibers; and Montefibre company ‘s linear density of less than 0.55 dtex polyester fiber called microfiber; US PET Commission defines that 0.3 dtex ~ 1.0 dtex fiber is defined as ultra-fine fibers; AKZO company believes microfiber upper limit should be 0.3 dtex, but most people accepted definition dpf 1.0 dtex fibers are microfibers and dpf 0.1 dtex fibers called ultrafine fibers. In china microfiber is less than 2.2 dtex and most global manufacturers produce the microfibers that are less than 0.3 dtex.Request Sample PDF Brochure @ http://www.marketintelreports.com/pdfdownload.php?id=gir0072This report focuses on the Microfiber in Global market, especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. There are 13 Chapters to deeply display the global Microfiber market.Inquiry before buying report @ http://www.marketintelreports.com/inquiry-before-buying.php?id=gir0072Prominent Segmentations Involved in the Microfiber MarketThe Microfiber Market can be broken down into various segmentations on the basis of –Type: Long microfiber and Short microfiber.Application: Microfiber Leather, Microfiber Cleaning Cloths and Others.Geographical Location: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.Some of the sample companies profiled in the Microfiber Market report are as follows:SISAViledaAcelon ChemicalHuafon MicrofibreDouble ElephantFar EasternMeishengHengliTricol Why buy this report?Get a detailed picture of the Microfiber Market.Pinpoint growth sectors and identify factors driving change.Understand the competitive environment, the market’s major players and leading brands.A five-year forecast method is used in order to assess how the market is predicted to develop.Purchase Microfiber Market Report @ http://www.marketintelreports.com/purchase.php?id=gir0072About Us:MarketIntelReports (MIR) aims to empower our clients to successfully manage and outperform in their business decisions. We do this by providing Premium Market Intelligence, Strategic Insights and Databases from a range of Global Publishers. MarketIntelReports currently has more than 150,000 plus titles and 100+ publishers on our platform and growing consistently to fill the “Global Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies.Media Contact:Company Name: Market Intel Reports
Contact Person: Mayur S
Email: sales@marketintelreports.com  
Phone: 1-302-261-5343
Address: 2712 Centerville Road, Suite 400
City: Wilmington
State: Delaware
Country: United States

Myrcene Market Capacity, Entry Strategies, Production and Production Value & Forecast 2017-2022

Myrcene Market report provides key statistics on the market status of the Myrcene Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Myrcene industry.

The Myrcene Market report delivers a basic overview of the industry including its definition, applications and manufacturing technology. Also, the Myrcene industry report explores the international and Chinese Major Market players in detail.

The Myrcene market report presents the company profile, product specifications, capacity, production value, Contact Information of manufacturer and market shares for each company.

Through the statistical analysis, the Myrcene market report depicts the global and Chinese total market of Myrcene industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

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Table of Contents:

Chapter 1 Overview of Myrcene Market
1.1 Brief Overview of Myrcene Industry
1.2 Development of Myrcene Market
1.3 Status of Myrcene Market

Chapter 2 Manufacturing Technology of Myrcene Industry
2.1 Development of Myrcene Manufacturing Technology
2.2 Analysis of Myrcene Manufacturing Technology
2.3 Trends of Myrcene Manufacturing Technology

Chapter 3 Analysis of Global Myrcene Market Key Manufacturers
3.1.1 Company Profile
3.1.2 Product Information
3.1.3 2012-2017 Production Information
3.1.4 Contact Information

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Chapter 4 2012-2017 Global and Chinese Myrcene Market
4.1 2012-2017 Global Capacity, Production and Production Value of Myrcene Market
4.2 2012-2017 Global Cost and Profit of Myrcene Market
4.3 Market Comparison of Global and Chinese Myrcene Industry
4.4 2012-2017 Global and Chinese Supply and Consumption of Myrcene Market
4.5 2012-2017 Chinese Import and Export of Myrcene

Chapter 5 Market Status of Myrcene Industry
5.1 Market Competition of Myrcene Industry by Company
5.2 Market Competition of Myrcene Industry by Country (USA, EU, Japan, Chinese etc.)
5.3 Market Analysis of Myrcene Consumption by Application/Type

Chapter 6 2017-2022 Market Forecast of Global and Chinese Myrcene Market
6.1 2017-2022 Global and Chinese Capacity, Production, and Production Value of Myrcene market
6.2 2017-2022 Myrcene market Cost and Profit Estimation
6.3 2017-2022 Global and Chinese Myrcene Market Share
6.4 2017-2022 Global and Chinese Supply and Consumption of Myrcene
6.5 2017-2022 Chinese Import and Export of Myrcene

Chapter 7 Analysis of Myrcene Industry Chain
7.1 Myrcene Industry Chain Structure
7.2 Upstream Raw Materials
7.3 Downstream Industry

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Chapter 8 Global and Chinese Economic Impact on Myrcene Market
8.1 Global and Chinese Macroeconomic Environment Analysis
8.1.1 Global Macroeconomic Analysis of Myrcene Industry
8.1.2 Chinese Macroeconomic Analysis of Myrcene Industry
8.2 Global and Chinese Macroeconomic Environment Development Trend
8.2.1 Global Macroeconomic Outlook of Myrcene Market
8.2.2 Chinese Macroeconomic Outlook of Myrcene Market
8.3 Effects to Myrcene Market

Chapter 9 Market Dynamics of Myrcene Industry
9.1 Myrcene Industry News
9.2 Myrcene Industry Development Challenges
9.3 Myrcene Industry Development Opportunities

Chapter 10 Proposals for New Project
10.1 Myrcene Market Entry Strategies
10.2 Countermeasures of Economic Impact
10.3 Marketing Channels included in Myrcene industry
10.4 Feasibility Studies of New Project Investment

In the end, the Myrcene market report makes some important proposals for a new project of Myrcene Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2012-2022 global and Chinese Myrcene market covering all important parameters.

No. of Pages: 150

Price of Report: $ 3000 (Single User Licence)

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360 Market Updates is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.

Contact–

Mr. Ameya Pingaley

360 market updates

+1-408 520 9750

Email – sales@360marketupdates.com

www.360marketupdates.com

El Al Israel Airlines Announced Today Its Financial Results for the Year 2016 and the Fourth Quarter of the Year

LOD, Israel, March 23, 2017 /PRNewswire/ —

El Al Israel Airlines (TASE: ELAL) announced today that the Company’s revenues in 2016 amounted to approx. USD 2,038 million, compared to approx. USD 2,054 million in the previous year;

Profit before tax in 2016 was approx. USD 93 million, compared to a profit before tax of approx. USD 145 million in the previous year;

The Company completed 2016 with a net profit of approx. USD 81 million compared to a net profit of approx. USD 107 million in 2015;

The Company’s cash and deposit balances as of December 31, 2016 totaled approx. USD 212 million and the equity amounted to approx. USD 284 million;

The Company’s market-share of passenger traffic at Ben-Gurion Airport increased in 2016 to approx. 32.6%, compared to approx. 32.5% in the previous year.

Load factor in 2016 stood at approx. 84%, compared to 83.3% in the previous year;

Passenger segments increased by approx. 11%

EBITDA in 2016 amounted to approx. USD 287 million, compared to approx. USD 331 million last year;

Cash flow from operating activities in 2016 amounted to approx. USD 243 million, compared to a cash flow of approx. USD 271 million in 2015;

Equity in 2016 increased to approx. USD 284 million, compared to USD 198 million as of December 31, 2015;

The Company’s revenues in the fourth quarter of 2016 amounted to approx. USD 460.8 million, compared to approx. USD 476.3 million in the fourth quarter of 2015;

The Company recorded in the fourth quarter of 2016 a net loss of approx. USD 2.4 million, compared to a profit of approx. USD 12.2 million in the fourth quarter of 2015.

David Maimon, El Al’s CEO:

„The Company announced a net profit for 2016 of approx. USD 81 million and a growth in all operational parameters, including an increase of about 11% in passenger segments, a market-share increase to 32.6% and an impressive load-factor of 84%.

The 2016 results were affected by the pilots’ crisis that reached its peak in the fourth quarter of the year. The main impact was on the operating expense items.

We continue preparations for the arrival of the new wide-body 787 Dreamliners, the first of which is expected to arrive at the end of August 2017.

Additionally, in 2016 we continued the trend of rejuvenating our narrow-body aircraft fleet, upon completion of the 8 Boeing 737-900 aircraft arrival process. Currently, the average age of the Company’s narrow-body airplanes stands at seven years old. At the same time, as per our commitment, we continue the pilot of WIFI services during flights, which will be gradually installed in all Boeing 737-900 aircraft.

The Frequent Flyer Club, in Israel and overseas, and in particular the FLYCARD credit card, serve as a significant growth engine, which is translated into an impressive expansion trend. The number of said credit card holders has exceeded all expectations and stands at about 200 thousand since its launch. The number of EL AL’s Frequent Flyer Club members also continued to increase, reaching more than 1.76 million members.

We shall do all in our power to provide our customers with a quality service, maximum comfort, innovative technology and advanced airplanes, while continuing to successfully cope with market conditions as well as competition.

I wish to take this opportunity to thank you and express my highest appreciation for El Al employees, on the ground and in the air, in Israel and worldwide, who work with determination and dedication, allowing us to effectively deal with the challenges facing us.

We are committed to ensure the Company’s success and prosperity, and determined to restore our customers’ security and trust.”

Dganit Palti, El Al’s CFO, stated:

„The company enjoyed from lower average fuel prices last year, which resulted in a net savings of $ 95 million in fuel expenses. On the other hand, the company’s operating expenses increased significantly due to the 5% increase in flight hours and mainly due to disruptions in flights resulting from a crisis with the pilots.

We are working hard improve the Company’s operating indices.

Despite the damage to the activity this year , the EBITDA amounted to $ 287 million, the Company generated a cash flow from operating activities in excess of $ 240 million, and cash and deposits balances at the end of the period amounted to $ 212 million, attesting to the Company’s financial strength.

The company’s financial position enables us to move forward with confidence in the face of the challenge of the new fleet of aircraft program, which will enable the Company’s future development in the coming years.”

Results for the year Ended on December 31, 2016:

1.      Operating revenues – operating revenues decreased in 2016 by approx. USD 16 million (about 0.8%) compared to 2015. Revenue from passenger flights increased by approx. 0.1% whereas income from cargo flights decreased. Revenue from passengers was affected by two opposing trends – on the one hand, the trend of drop in flight ticket prices continued due to the intensified competition and the impact of the fuel price drop, and on the other hand, a significant increase was recorded in the number of passengers carried by the Company and in passenger revenue per kilometer (RPK) as a result of an increase in operations. Additionally, the Company’s passenger revenues were adversely affected by the erosion of exchange rates of currencies in which some of the Company’s sales transactions are made, in relation to the dollar. Furthermore, the growth in passenger revenue in 2016 compared to 2015 was partially offset by the disruptions in manning the Company’s flights due to the pilots’ sanctions (which started in October 2015 and continued intermittently throughout 2016). The Company’s cargo revenue decreased by approx. 11.4%, primarily due to the drop in yield per ton-kilometer and revenue-ton-kilometer (RTK) flown.

2.      Operating expenses – operating expenses increased in 2016 by approx. USD 50 million (about 3.4%) compared to 2015, after a decline of approx. USD 95 million in jet fuel expenses. The gross increase of approx. USD 145 million mainly resulted from an increase in operations and wages and increase in lease expenses primarily due to disruptions in manning flights, as a result of the pilots’ sanctions, and the need to find alternative solutions in connection therewith, mainly wet lease of aircrafts (lease of aircraft and crew), as well as due to an increase in depreciation expenses, primarily due to an increase in the number of the Company’s aircrafts and change in the residual value of the 777 aircrafts.

3.      Jet Fuel Expenses – the Company’s jet fuel expenses, including hedging impact, declined by approx. USD 94.7 million (about 20%) compared to the corresponding expenditure in 2015, as a result of a drop in the price of jet fuel, offset in part by an increase in the amount of jet fuel consumed due to the growth in the scope of the Company’s operations.

4.      Selling Expenses –selling expenses decreased in approx. USD 2.3 million (about 1.2%) compared to 2015, primarily due to the drop in distribution expenses.

5.      General and Administrative Expenses – general and administrative expenses recorded a growth of approx. USD 1.6 million (about 1.7%) compared to 2015, mainly due to the an increase in professional services and provisions for legal claims.

6.      Other Revenues (Expenses) – the USD 5.2 million improvement in results is primarily attributed to early retirement plan expenses recognized in 2015, and capital gain for the sale of a 737-700 aircraft, which was recognized during 2016.

7.      Financing Expenses – financing expenses amounted to approx. USD 23.1 million, compared to approx. USD 26.5 million in 2015. This drop is mostly due to a one-time fee payment in 2015 and a decrease in price differences in 2016 compared to 2015.

8.      Taxes on Income – taxes on income totaled approx. USD 12.8 million compared to approx. USD 38.1 million in 2015. This drop is the result of a decrease in profit before taxes on income and the impact of the decrease in the corporate tax on deferred taxes (a benefit of approx. USD 11 million).

9.      Profit for the Period – profit before tax in 2016 totaled approx. USD 93.5 million and profit after tax totaled approx. 80.7 million (constituting about 4.0 % of the turnover), compared to profit before tax of approx. USD 144.6 million in 2015 and profit after tax approx. USD 106.5 million (about 5.2% of the turnover).

Results for the Three-Month Period Ended on December 31, 2016:

1.      Operating revenues – decreased by approx. USD 15.5 million (about 3.3%) in the reported period compared to the fourth quarter of the previous year, with a drop of approx. USD 9.9 million (about 2.4%) in passenger revenues and approx. USD 7.0 million in cargo revenues (about 16.9%). The passenger revenue decrease was due to a decline in revenue passenger kilometer (RPK), for the above detailed reasons, as well as the erosion of exchange rates of currencies in which the Company’s sales transactions are made, in relation to the dollar. In addition, the drop in passenger revenues in the fourth quarter of 2016, compared to the fourth quarter of 2015, was also due to the disruptions in manning the Company’s flights. The Company’s cargo yield per ton-kilometer and revenue-ton-kilometer (RTK) flown recorded a decrease.

2.      Operating expenses – increased in the reported period by approx. USD 17.2 million (about 4.5%) compared to the fourth quarter of 2015, after a savings of approx. USD 9.6 million in jet fuel expenses. The gross increase of approx. USD 26.8 million was primarily due to disruptions in manning flights, caused by the pilots’ sanctions, and the need to find alternative solutions in connection therewith, mainly wet lease of aircrafts by the Company, as well as due to an increase in depreciation expenses.

3.      Selling Expenses –decreased by approx. 7.2% compared to the fourth quarter of 2015, primarily due to the drop in distribution and advertising expenses.

4.      General and Administrative Expenses – increased by approx. 6.0% compared to the fourth quarter of 2015, mainly due to the an increase in professional services and provisions for legal claims.

5.      Financing Expenses – amounted to approx. USD 6.1 million, compared to approx. USD 7.3 million in the fourth quarter of 2015. This drop is mostly due to a one-time fee payment that was recognized in 2015 and a decrease in exchange differences.

6.      Taxes on Income – the tax benefit in the reported period totaled approx. USD 10.2 million. Said tax benefit includes revenues, due to a corporate tax rate decrease from 25% to 23% (in the expected period, on the date of reversing timing differences in respect of which deferred taxes were recognized)

7.     Loss for the Period – loss before tax in 2016 totaled approx. USD 12.7 million (loss after tax totaled approx. 2.4 million, constituting about 0.5% of the turnover), compared to profit before tax of approx. USD 16.2 million in the fourth quarter of 2015 (profit after tax – approx. USD 12.2 million, constituting about 2.6% of the turnover),

 Additional Data as of December 31, 2016:

1.      Current Assets amounted to approx. USD 435.1 million, reflecting a growth of approx. USD 40.8 million compared to December 31, 2015. This growth resulted mostly from an increase in cash balances compared to the cash balances at the end of 2015, which was partially offset by a decrease in the Short Term Deposits item and the improvement in the fair value of jet fuel derivatives.

2.      Current Liabilities – amounted to approx. USD 800.1 million, reflecting a drop of approx. USD 37.9 million compared to December 31, 2015. This drop is primarily due to the improvement in the fair value of jet fuel derivatives and a drop in current maturities of long-term loans, which were partially offset by an increase in the Revenues item from pre-sale of airline tickets, as a result of a rise in airline ticket sales (not yet realized) in the last quarter of 2016 compared to the last quarter of 2015.

3.      Working Capital – the Company has a working capital deficit of approx. USD 365.1 million compared to a deficit of approx. USD 443.7 dollar as of December 31, 2015. It shall be noted that a substantial part of the working capital deficit does not reflect short-term cash flows, and consists of two substantial components which are included in the Company’s Current Liabilities items and are characterized by current business cycle; however, the Company is not required to use cash-flow sources in the short term in order to repay these components: prepaid revenue from the sale of airline tickets and from the Frequent Flyer Club, to be settled by providing future flight services, and liabilities to employees for vacation, which are expected to be paid over several years but classified as a short-term liability in accordance with accounting principles. Moreover, loans in an aggregate amount of approx. USD 78 million, whose original maturity date is in April and July 2017 and are therefore presented as short-term liabilities, were spread, after the date of the Statement of Financial Condition, over a period of 4 years, and thus will be classified, starting from the quarter of 2017, as  non-current liabilities.

4.      Non-Current Assets – amounted to approx. USD 1,281.9 million, showing a growth of approx. USD 12.0 million compared to their balance as of December 31, 2015, mainly as a result of the continued investment in the 787 Boeing aircraft acquisition program and the receipt of three 737-900 aircrafts during 2016, less current depreciation.

5.      Non-Current Liabilities – totaled approx. USD 632.8 million, similar to their balance as of December 31, 2015. Liabilities were affected by a decrease in loan balances, which was offset by an increase in deferred tax liabilities due to profit before tax for the year, offset by the impact of the decrease in corporate tax.

6.      Total Equity – amounted to approx. USD 284.1 million. The growth of approx. USD 86.1 million compared to equity as of December 31, 2015, mainly resulted from the profit for the period, which was partially offset by a USD 33.4 million dividend, announced and paid during the period, as well as by the impact of the Company’s hedging instruments on the equity funds, in a net-of-tax amount of approx. USD 48.0 million (increase), offset by actuarial losses in respect of employee benefits on the equity funds, which affected the equity funds in a net-of-tax amount of approx. USD 9.6 million.

About El Al

El Al Israel Airlines Ltd. (TASE: ELAL) is the National Air Carrier of Israel. In 2016, El Al recorded revenues amounting to nearly USD 2.04 billion. El Al carries about 5.5 million passengers a year. The Company operates flights to about 34 direct destinations around the world and many other destinations by means of cooperation agreements with other airlines, thus it currently operates 43 aircrafts, 28 of which are owned by the Company.

(www.elal.com)

Details of Conference Call

A conference call took p place on Wednesday, March 22, 2017, at 12:30. A recording of the conference call will be available to those interested starting from March 22, 2017, at 14:00, until March 29, 2017, via phone number 03-9255937, as well as on the Company’s Investor Relations website at: www.elal.com/investor-relations starting from March 24,2017.

For further details:

 

SOURCE EL AL Israel Airlines LTD

Global Ultrafast Lasers Markets Report 2017: Market is Expected to Increase from Nearly $2.7 Billion in 2016 to Nearly $7.1 Billion in 2021 at a CAGR of 21.7% – Research and Markets

DUBLIN, Mar. 23, 2017 /PRNewswire/ —

Research and Markets has announced the addition of the „Ultrafast Lasers: Technologies and Global Markets” report to their offering.

This report contains an overview of the global markets for ultra fast lasers and related technologies. Analyses of global market trends, with data from 2015 and 2016, and projections of CAGRs through 2021.

Segmentation of the ultrafast lasers global market into three major categories based on type, application, and geography with coverage of different types of ultra fast lasers including titanium-sapphire lasers, diode-pumped lasers, fiber lasers, and mode-locked diode lasers, as well as pico-second and femtosecond ultrafast lasers.

Insight into the market is provided through investigation of market sizes, revenue forecasts, value chains, market and product trends, and the competitive landscape, avaluation of the market’s dynamics with respect to its drivers, restraints, and opportunities and profiles of major players in the industry.

In addition to industry and competitive analysis of the ultrafast lasers market, this report also includes a patent analysis and a listing of company profiles for key players in the ultrafast lasers market.

Key Topics Covered:

1: Introduction

– Study Goals And Objectives

– Reasons For Doing The Study

– Scope Of Report

– Intended Audience

– Information Sources

2: Summary

3: Overview

– Market Definition

– Roadmap Of Ultrafast Lasers

– Future Outlook And Expectations

– Value Chain Analysis

– Important Ultrafast Laser Patents

4: Ultrafast Lasers Market By Type

– Introduction

– Market Dynamics

– Titanium-Sapphire Lasers

– Diode-Pumped Lasers

– Fiber Lasers

– Mode-Locked Diode Lasers

5: Ultrafast Lasers Market By Application Sector

– Introduction

– Market Dynamics

– Biomedical

– Materials Processing

– Spectroscopy And Imaging

– Science And Research

– Other Applications

6: Ultrafast Lasers Market By Pulse Duration

– Femtoseconds

– Picoseconds

7: Ultrafast Lasers Market By Region

– Introduction

– Market Dynamics

North America

Europe

Asia-Pacific

– Rest Of The World

8: Competitive Landscape

– Market Share Analysis

– Patent Analysis

– Porter’s Five Forces

9: Case Studies

– Design And Manufacturing Of Femtoseconds Ultra-Broadband Lasers

– Hybrid Laser Welding Of Fillet Joints

– Laser Welding Of Dissimilar Alloys

10: Company Profiles

– Amplitude Systemes

– Attodyne Inc.

– Clark – MXR Inc.

– Coherent Inc.

– DPSS Laser Inc.

– Ekspla

– Epilog Corporation

– IMRA America

– IPG Photonics Corporation

– Jenoptik Laser Gmbh

– Laser Quantum Ltd.

– Lumentum Holdings Inc.

– Newport Corp.

– NKT Photonics

– Resonetics

– Rofin-Sinar Laser Gmbh

– Sheaumann Laser Inc.

– Spectra-Physics

– Trumpf Gmbh

For more information about this report visit

http://www.researchandmarkets.com/research/k3lb7l/ultrafast_lasers

Media Contact:

Laura Wood, Senior Manager

press@researchandmarkets.com  

For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Uncover Studios and We The Kings Premiere New Original Podcast Series, „WTK: Encore”

WHITE PLAINS, N.Y., March 23, 2017 /PRNewswire/ — Uncover Studios and the platinum-selling band We The Kings are thrilled to announce the premiere of WTK: Encore, an original podcast series giving fans and music lovers an exclusive, unscripted look at the rock star lifestyle.

WTK: Encore debuted its first episode on March 23, 2017; now available to stream and download on iTunesStitcherGoogle Play Music, and more. Fans are encouraged to subscribe using their favorite podcatcher so they don’t miss a single episode.

Click here to listen to the first episode of WTK: Encore.

We The Kings is currently on their ten year anniversary tour, with stops across North America, Canada, and Europe. The band is excited to take the huge fanbase they’ve created throughout the past decade on an exclusive audio journey. WTK: Encore will take listeners behind the scenes to discover the riveting, hilarious, and untold stories of the band.

WTK: Encore is the VIP ticket to the band members’ lives on the road, in the tour bus, backstage, and with family and friends. The episodes are honest, funny, insightful, and beautifully recorded. For long-time fans, newcomers, and anyone who loves music, this is as real as it gets.

We The Kings has one of the most loyal fanbases out there, with over 7 million social media followers worldwide. They are a dedicated and devoted group of guys who keep it real and genuine with their fans.

„We The Kings bring an electricity to everything they do and the love and respect they show for their fans is why they’ve grown such a large, loyal following,” said Dave Keine, Uncover Studios’ Managing Director. „We’re really excited to explore where that magic comes from as we go behind-the-scenes and get closer to the band in WTK: Encore.”

Uncover Studios is giving brands a variety of unique opportunities to get involved in the excitement. From custom messages and content shaping, to viral promotions and once-in-a-lifetime experiences, Uncover Studios will customize a fully-integrated campaign with celebrity content at the core. Brands can partner with Uncover and We The Kings to deliver the right message to the right audience, and ensure their message is being heard.

About Uncover Studios
Uncover Studios is a new podcast and influencer company launched by TMPG, a promotional marketing agency. Uncover is devoted to sharing unique perspectives. Uncover creates original podcast shows, high-quality custom content, and multimedia campaigns to maximize brand impact. Visit www.uncoverstudios.com to learn more.

Uncover Studios Media Contact:
Caroline Valentino
Email: press@uncoverstudios.com

Related Images

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Related Links

Uncover Studios – Podcast & Influencer Company

WTK: Encore – Official Page

This content was issued through the press release distribution service at Newswire.com. For more info visit: http://www.newswire.com

SOURCE Uncover Studios

El Al Israel Airlines Announced Today Its Financial Results for the Year 2016 and the Fourth Quarter of the Year

LOD, Israel, March 23, 2017 /PRNewswire/ --

El Al Israel Airlines (TASE: ELAL) announced today that the Company's revenues in 2016 amounted to approx. USD 2,038 million, compared to approx. USD 2,054 million in the previous year;

Profit before tax in 2016 was approx. USD 93 million, compared to a profit before tax of approx. USD 145 million in the previous year;

The Company completed 2016 with a net profit of approx. USD 81 million compared to a net profit of approx. USD 107 million in 2015;

The Company's cash and deposit balances as of December 31, 2016 totaled approx. USD 212 million and the equity amounted to approx. USD 284 million;

The Company's market-share of passenger traffic at Ben-Gurion Airport increased in 2016 to approx. 32.6%, compared to approx. 32.5% in the previous year.

Load factor in 2016 stood at approx. 84%, compared to 83.3% in the previous year;

Passenger segments increased by approx. 11%

EBITDA in 2016 amounted to approx. USD 287 million, compared to approx. USD 331 million last year;

Cash flow from operating activities in 2016 amounted to approx. USD 243 million, compared to a cash flow of approx. USD 271 million in 2015;

Equity in 2016 increased to approx. USD 284 million, compared to USD 198 million as of December 31, 2015;

The Company's revenues in the fourth quarter of 2016 amounted to approx. USD 460.8 million, compared to approx. USD 476.3 million in the fourth quarter of 2015;

The Company recorded in the fourth quarter of 2016 a net loss of approx. USD 2.4 million, compared to a profit of approx. USD 12.2 million in the fourth quarter of 2015.

David Maimon, El Al's CEO:

"The Company announced a net profit for 2016 of approx. USD 81 million and a growth in all operational parameters, including an increase of about 11% in passenger segments, a market-share increase to 32.6% and an impressive load-factor of 84%.

The 2016 results were affected by the pilots' crisis that reached its peak in the fourth quarter of the year. The main impact was on the operating expense items.

We continue preparations for the arrival of the new wide-body 787 Dreamliners, the first of which is expected to arrive at the end of August 2017.

Additionally, in 2016 we continued the trend of rejuvenating our narrow-body aircraft fleet, upon completion of the 8 Boeing 737-900 aircraft arrival process. Currently, the average age of the Company's narrow-body airplanes stands at seven years old. At the same time, as per our commitment, we continue the pilot of WIFI services during flights, which will be gradually installed in all Boeing 737-900 aircraft.

The Frequent Flyer Club, in Israel and overseas, and in particular the FLYCARD credit card, serve as a significant growth engine, which is translated into an impressive expansion trend. The number of said credit card holders has exceeded all expectations and stands at about 200 thousand since its launch. The number of EL AL's Frequent Flyer Club members also continued to increase, reaching more than 1.76 million members.

We shall do all in our power to provide our customers with a quality service, maximum comfort, innovative technology and advanced airplanes, while continuing to successfully cope with market conditions as well as competition.

I wish to take this opportunity to thank you and express my highest appreciation for El Al employees, on the ground and in the air, in Israel and worldwide, who work with determination and dedication, allowing us to effectively deal with the challenges facing us.

We are committed to ensure the Company's success and prosperity, and determined to restore our customers' security and trust."

Dganit Palti, El Al's CFO, stated:

"The company enjoyed from lower average fuel prices last year, which resulted in a net savings of $ 95 million in fuel expenses. On the other hand, the company's operating expenses increased significantly due to the 5% increase in flight hours and mainly due to disruptions in flights resulting from a crisis with the pilots.

We are working hard improve the Company's operating indices.

Despite the damage to the activity this year , the EBITDA amounted to $ 287 million, the Company generated a cash flow from operating activities in excess of $ 240 million, and cash and deposits balances at the end of the period amounted to $ 212 million, attesting to the Company's financial strength.

The company's financial position enables us to move forward with confidence in the face of the challenge of the new fleet of aircraft program, which will enable the Company's future development in the coming years."

Results for the year Ended on December 31, 2016:

1.      Operating revenues – operating revenues decreased in 2016 by approx. USD 16 million (about 0.8%) compared to 2015. Revenue from passenger flights increased by approx. 0.1% whereas income from cargo flights decreased. Revenue from passengers was affected by two opposing trends – on the one hand, the trend of drop in flight ticket prices continued due to the intensified competition and the impact of the fuel price drop, and on the other hand, a significant increase was recorded in the number of passengers carried by the Company and in passenger revenue per kilometer (RPK) as a result of an increase in operations. Additionally, the Company's passenger revenues were adversely affected by the erosion of exchange rates of currencies in which some of the Company's sales transactions are made, in relation to the dollar. Furthermore, the growth in passenger revenue in 2016 compared to 2015 was partially offset by the disruptions in manning the Company's flights due to the pilots' sanctions (which started in October 2015 and continued intermittently throughout 2016). The Company's cargo revenue decreased by approx. 11.4%, primarily due to the drop in yield per ton-kilometer and revenue-ton-kilometer (RTK) flown.

2.      Operating expenses – operating expenses increased in 2016 by approx. USD 50 million (about 3.4%) compared to 2015, after a decline of approx. USD 95 million in jet fuel expenses. The gross increase of approx. USD 145 million mainly resulted from an increase in operations and wages and increase in lease expenses primarily due to disruptions in manning flights, as a result of the pilots' sanctions, and the need to find alternative solutions in connection therewith, mainly wet lease of aircrafts (lease of aircraft and crew), as well as due to an increase in depreciation expenses, primarily due to an increase in the number of the Company's aircrafts and change in the residual value of the 777 aircrafts.

3.      Jet Fuel Expenses – the Company's jet fuel expenses, including hedging impact, declined by approx. USD 94.7 million (about 20%) compared to the corresponding expenditure in 2015, as a result of a drop in the price of jet fuel, offset in part by an increase in the amount of jet fuel consumed due to the growth in the scope of the Company's operations.

4.      Selling Expenses –selling expenses decreased in approx. USD 2.3 million (about 1.2%) compared to 2015, primarily due to the drop in distribution expenses.

5.      General and Administrative Expenses - general and administrative expenses recorded a growth of approx. USD 1.6 million (about 1.7%) compared to 2015, mainly due to the an increase in professional services and provisions for legal claims.

6.      Other Revenues (Expenses) – the USD 5.2 million improvement in results is primarily attributed to early retirement plan expenses recognized in 2015, and capital gain for the sale of a 737-700 aircraft, which was recognized during 2016.

7.      Financing Expenses - financing expenses amounted to approx. USD 23.1 million, compared to approx. USD 26.5 million in 2015. This drop is mostly due to a one-time fee payment in 2015 and a decrease in price differences in 2016 compared to 2015.

8.      Taxes on Income – taxes on income totaled approx. USD 12.8 million compared to approx. USD 38.1 million in 2015. This drop is the result of a decrease in profit before taxes on income and the impact of the decrease in the corporate tax on deferred taxes (a benefit of approx. USD 11 million).

9.      Profit for the Period – profit before tax in 2016 totaled approx. USD 93.5 million and profit after tax totaled approx. 80.7 million (constituting about 4.0 % of the turnover), compared to profit before tax of approx. USD 144.6 million in 2015 and profit after tax approx. USD 106.5 million (about 5.2% of the turnover).

Results for the Three-Month Period Ended on December 31, 2016:

1.      Operating revenues – decreased by approx. USD 15.5 million (about 3.3%) in the reported period compared to the fourth quarter of the previous year, with a drop of approx. USD 9.9 million (about 2.4%) in passenger revenues and approx. USD 7.0 million in cargo revenues (about 16.9%). The passenger revenue decrease was due to a decline in revenue passenger kilometer (RPK), for the above detailed reasons, as well as the erosion of exchange rates of currencies in which the Company's sales transactions are made, in relation to the dollar. In addition, the drop in passenger revenues in the fourth quarter of 2016, compared to the fourth quarter of 2015, was also due to the disruptions in manning the Company's flights. The Company's cargo yield per ton-kilometer and revenue-ton-kilometer (RTK) flown recorded a decrease.

2.      Operating expenses – increased in the reported period by approx. USD 17.2 million (about 4.5%) compared to the fourth quarter of 2015, after a savings of approx. USD 9.6 million in jet fuel expenses. The gross increase of approx. USD 26.8 million was primarily due to disruptions in manning flights, caused by the pilots' sanctions, and the need to find alternative solutions in connection therewith, mainly wet lease of aircrafts by the Company, as well as due to an increase in depreciation expenses.

3.      Selling Expenses –decreased by approx. 7.2% compared to the fourth quarter of 2015, primarily due to the drop in distribution and advertising expenses.

4.      General and Administrative Expenses – increased by approx. 6.0% compared to the fourth quarter of 2015, mainly due to the an increase in professional services and provisions for legal claims.

5.      Financing Expenses - amounted to approx. USD 6.1 million, compared to approx. USD 7.3 million in the fourth quarter of 2015. This drop is mostly due to a one-time fee payment that was recognized in 2015 and a decrease in exchange differences.

6.      Taxes on Income – the tax benefit in the reported period totaled approx. USD 10.2 million. Said tax benefit includes revenues, due to a corporate tax rate decrease from 25% to 23% (in the expected period, on the date of reversing timing differences in respect of which deferred taxes were recognized)

7.     Loss for the Period – loss before tax in 2016 totaled approx. USD 12.7 million (loss after tax totaled approx. 2.4 million, constituting about 0.5% of the turnover), compared to profit before tax of approx. USD 16.2 million in the fourth quarter of 2015 (profit after tax - approx. USD 12.2 million, constituting about 2.6% of the turnover),

 Additional Data as of December 31, 2016:

1.      Current Assets - amounted to approx. USD 435.1 million, reflecting a growth of approx. USD 40.8 million compared to December 31, 2015. This growth resulted mostly from an increase in cash balances compared to the cash balances at the end of 2015, which was partially offset by a decrease in the Short Term Deposits item and the improvement in the fair value of jet fuel derivatives.

2.      Current Liabilities - amounted to approx. USD 800.1 million, reflecting a drop of approx. USD 37.9 million compared to December 31, 2015. This drop is primarily due to the improvement in the fair value of jet fuel derivatives and a drop in current maturities of long-term loans, which were partially offset by an increase in the Revenues item from pre-sale of airline tickets, as a result of a rise in airline ticket sales (not yet realized) in the last quarter of 2016 compared to the last quarter of 2015.

3.      Working Capital – the Company has a working capital deficit of approx. USD 365.1 million compared to a deficit of approx. USD 443.7 dollar as of December 31, 2015. It shall be noted that a substantial part of the working capital deficit does not reflect short-term cash flows, and consists of two substantial components which are included in the Company's Current Liabilities items and are characterized by current business cycle; however, the Company is not required to use cash-flow sources in the short term in order to repay these components: prepaid revenue from the sale of airline tickets and from the Frequent Flyer Club, to be settled by providing future flight services, and liabilities to employees for vacation, which are expected to be paid over several years but classified as a short-term liability in accordance with accounting principles. Moreover, loans in an aggregate amount of approx. USD 78 million, whose original maturity date is in April and July 2017 and are therefore presented as short-term liabilities, were spread, after the date of the Statement of Financial Condition, over a period of 4 years, and thus will be classified, starting from the quarter of 2017, as  non-current liabilities.

4.      Non-Current Assets – amounted to approx. USD 1,281.9 million, showing a growth of approx. USD 12.0 million compared to their balance as of December 31, 2015, mainly as a result of the continued investment in the 787 Boeing aircraft acquisition program and the receipt of three 737-900 aircrafts during 2016, less current depreciation.

5.      Non-Current Liabilities - totaled approx. USD 632.8 million, similar to their balance as of December 31, 2015. Liabilities were affected by a decrease in loan balances, which was offset by an increase in deferred tax liabilities due to profit before tax for the year, offset by the impact of the decrease in corporate tax.

6.      Total Equity – amounted to approx. USD 284.1 million. The growth of approx. USD 86.1 million compared to equity as of December 31, 2015, mainly resulted from the profit for the period, which was partially offset by a USD 33.4 million dividend, announced and paid during the period, as well as by the impact of the Company's hedging instruments on the equity funds, in a net-of-tax amount of approx. USD 48.0 million (increase), offset by actuarial losses in respect of employee benefits on the equity funds, which affected the equity funds in a net-of-tax amount of approx. USD 9.6 million.

About El Al

El Al Israel Airlines Ltd. (TASE: ELAL) is the National Air Carrier of Israel. In 2016, El Al recorded revenues amounting to nearly USD 2.04 billion. El Al carries about 5.5 million passengers a year. The Company operates flights to about 34 direct destinations around the world and many other destinations by means of cooperation agreements with other airlines, thus it currently operates 43 aircrafts, 28 of which are owned by the Company.

(www.elal.com)

Details of Conference Call

A conference call took p place on Wednesday, March 22, 2017, at 12:30. A recording of the conference call will be available to those interested starting from March 22, 2017, at 14:00, until March 29, 2017, via phone number 03-9255937, as well as on the Company's Investor Relations website at: www.elal.com/investor-relations starting from March 24,2017.

For further details:

Dafna Cohen           

Head of Group Business Control and Investor Relations

El Al Israel Airlines Ltd.

03-9717439

dafnac@elal.co.il 

Amir Eisenberg

CEO

Eisenberg-Eliash Ltd.

03-7538828

amir@pr-ir.co.il 

 

 

S&P Global Market Intelligence Ranks the Best-Performing Community Banks and Credit Unions for 2016

NEW YORK, March 23, 2017 /PRNewswire/ — S&P Global Market Intelligence, a leader in multi-asset class research data and insight, released its annual rankings of 2016’s 100 best-performing banks in three categories: community banks with assets between $1 billion and $10 billion, community banks with assets less than $1 billion, and top-performing credit unions.

Of the best-performing community banks with assets between $1 billion and $10 billion, Doraville, Ga.-based Metro City Bank earned the top place thanks in-part to the bank’s almost 70% increase in total loans, hitting $967.3 million at year-end 2016. In the category of best-performing community banks with assets under $1 billion, Shallowater, Texas-based First State Bank took the No. 1 spot after reporting improved loan growth at 41.5% in 2016 and posting a hefty net interest margin of 5.32%. Idaho Central was named the top-performing credit union for the fifth year in a row as it continued to demonstrate some of the highest growth rates in member shares & nonmember deposits at 27.1% in 2016 along with overall member growth at 17.4%.

„The performance of the finalists is extremely impressive, especially in such a competitive banking environment,” said J.P. O’Sullivan, Senior Director of Global Financial Institutions at S&P Global Market Intelligence. „Community banks and credit unions are an integral part of their local economies, helping people & businesses access credit and drive dollars back into the community. Each of these institutions has demonstrated a clear commitment to excellence, and the results speak for themselves.”

S&P Global Market Intelligence ranked the best-performing community banks using six core financial performance metrics: pretax return on average tangible common equity, net charge-offs as a percentage of average loans, efficiency ratio, adjusted Texas ratio, net interest margin on a fully taxable equivalent basis and loan growth. Each company’s standard deviation from the industry mean was calculated for every ranking metric, equally weighted, then added together to calculate a performance score. To help normalize the data and mitigate the impact of outliers, caps and floors were applied for each metric.

For this year’s ranking, pretax return on average tangible common equity replaced return on average tangible assets as one of the six metrics. All of the other ranking metrics remained the same.

S&P Global Market Intelligence defined community banks as institutions with up to $10 billion in assets. In order for a bank to be eligible for the rankings, at least one-third of its balance sheet must be composed of loans, less than half of which could be attributable to credit card lending. Eligible banks had to be well-capitalized according to regulatory standards and could not have a majority of revenue derived from nontraditional banking activities.

Unlike in previous years, savings & loan holding companies, as well as savings banks and savings & loan associations were included in the ranking. Additionally, previous years’ branch threshold of 60 was removed.

For the $1 billion-to-$10 billion ranking, S&P Global Market Intelligence ranked companies at the holding company level if consolidated data was reported; otherwise, the bank subsidiary was used. Companies that have parents with assets above $10 billion were excluded. For the under-$1 billion ranking, companies with a parent with more than $1 billion in assets were excluded. Based on these criteria, 546 companies were eligible for the $1 billion-to-$10 billion ranking, and 4,585 banks and thrifts were eligible for the under-$1 billion ranking.

S&P Global Market Intelligence ranked the nation’s credit unions using five core financial performance metrics: member growth, market growth, operating expense as a percentage of operating revenue, net charge-offs as a percentage of average loans and delinquent loans as a percentage of total loans. To be eligible for the ranking, a credit union had to report more than $500 million in total assets and a net worth ratio of at least 7.0%. Based on these criteria, 508 credit unions qualified for the ranking.

S&P Global Market Intelligence will recognize the top performers in person at the sixth annual Community Bankers Conference on April 4 at the JW Marriott in New Orleans, LA.  The conference features community bankers and advisors from across the country sharing operational and financial strategies they’ve found useful in driving profitability. Details and registration can be found here.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we know that not all information is important—some of it is vital. Accurate, deep and insightful. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities globally can gain the intelligence essential to making business and financial decisions with conviction.

S&P Global Market Intelligence a division of S&P Global (NYSE: SPGI), provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/marketintelligence.

 

SOURCE S&P Global Market Intelligence