Earnings Highlights of Four International Companies in OTC Markets

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The following message was written and/or published in collaboration between Benzinga’s internal sponsored content team and a financial partner of Benzinga.

As we near the end of the March earnings season, below is a summary of earnings highlights for four companies traded on the OTC markets. All four companies are headquartered in countries around the world and trade on OTCQX, the top tier of OTC markets.

Infineon Technologies IFNNY IFNNF))

Infineon Technologies IFNNY is a semiconductor manufacturer headquartered in Germany with 46,700 employees worldwide.

The company posted revenue of $3.1 billion (€2,631 million) for the December quarter, an increase of 6% from the previous quarter and an increase of 37% from the same period in 2019.

“In addition to the economic recovery in some regions, we continue to benefit from the push of digitization which affects all areas of life. Semiconductors are needed more than ever,” said CEO Dr. Reinhard Ploss.

In a context of growing demand, the industry is currently experiencing a global shortage of semiconductors. The pandemic increased demand for semiconductors last year as home electronics such as game consoles, laptops and smart TVs grew as people spent more time at home. Rising car sales towards the end of 2020 also contributed to this growth in demand.

Infineon Technologies noted a positive outlook for fiscal 2021. The company said it expects to generate approximately $12.8 billion (€10.8 billion) in revenue at constant exchange rates.

G5 Entertainment AB GENTF

G5 Entertainment is a developer and publisher of online games for smartphones and tablets. The company was founded in 2001 and is currently based in Stockholm, Sweden.

Profits hit a record high for the company in 2020, with revenue up 15% from a year earlier.

“In many ways, this year has been different from what we expected, but we were already confident at the start of the year that we were building a competitive portfolio of engaging games and improving the efficiency of our acquisition of ‘users (UA),’ said Vlad Suglobov, CEO of G5 Entertainment.

For the fourth quarter of 2020, the company reported revenue of $38.8 million, an increase of 16% over the same period in 2019.

Total game downloads for the company was 31 million in 2020, a 41% increase from 2019. The company also reported a significant increase in average monthly active users (MAUs). On average, there were 7.4 million monthly users, a 27% year-over-year increase.

Given the growth recorded in 2020, the company said it expects continued growth for 2021.

BNP Paribas BNPQY BNPQF))

BNP Paribas BNPQY is a French international banking group headquartered in Paris.

In the fourth quarter of 2020, the bank achieved a turnover of 12.7 billion dollars (10,827 million euros), down 4.5% compared to the fourth quarter of 2019.

According to the company’s earnings report, revenue for 2020 was $52.1 billion (€44,275 million), in line with the prior year.

Thanks to digital and industrial transformation and good cost control, the group’s gross operating income increased by 6.2% compared to 2019.

Looking to the year ahead, the bank expects its revenue to increase in 2021. The bank also plans to pay a dividend of 1.11 euros per share next May.

JBS S.A. JBSAY

JBS SA is a global meatpacking company and the world’s last processor of beef and pork. The company was founded in 1953 and is currently based in São Paulo, Brazil.

In its recent earnings report, the company reported a net profit of $707.5 million (4 billion reais) for the fourth quarter of 2020, an increase of 65% compared to the same period of the year. previous. The fourth quarter accounted for 87% of the company’s annual profits, which amounted to $813.6 million (4.6 billion reais).

The company attributed its strong fourth quarter earnings to strong food sales in China and the United States, as well as the depreciation of the Brazilian currency.

To learn more about these and other companies traded on OTC markets, visit otcmarkets.com.

Photo by Matthew Henry on Unsplash

The preceding post was written and/or published in collaboration between Benzinga’s internal sponsored content team and a financial partner of Benzinga. Although the article is not and should not be construed as editorial content, the sponsored content team works to ensure that all information contained herein is true and accurate to the best of their knowledge and belief. research. This content is for informational purposes only and is not intended to be investment advice.

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