Kenon Holdings Shares Halted, News Pending
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SINGAPORE, Sept. 9, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q2 2024 and additional updates. Q2 and Recent Highlights Kenon In June 2024, Kenon sold 5 million ZIM shares for total consideration of $111 million. Following the sale, Kenon remains the single largest shareholder in ZIM.Also in June 2024, Kenon entered into a collar transaction with an investment bank relating to an additional 5 million ZIM shares owned by Kenon.In September 2024, Kenon's board of directors authorized an increase in its share repurchase plan by $10 million to up to $60 million (including shares already purchased under the plan), and Kenon has entered int
SINGAPORE, June 3, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q1 2024 and additional updates. Q1 and Recent Highlights Kenon Kenon has obtained a favorable decision in our litigation proceedings against Shenzhen Baoneng Investment Group Co., Ltd. in the Supreme People's Court of China in relation to its claim for breach of guarantee.Kenon and its wholly-owned subsidiary IC Power Ltd. obtained a favorable decision in its arbitration proceedings against the Republic of Peru with respect to pre- and post-award interest on the award, further to the tribunal's prior award in favor of Kenon.In April 2024, Kenon distributed a cash dividend o
SINGAPORE, March 26, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for 2023 and additional updates. Q4 and Recent Highlights Kenon In March 2024, Kenon's board of directors approved a cash dividend of approximately $200 million ($3.80 per share) payable in April 2024.OPC Financial results:OPC's net profit in 2023 was $47 million, as compared to a net profit of $65 million in 2022. OPC's 2023 net profit included its share in profit of CPV of $66 million as compared to $85 million in 2022.OPC's Adjusted EBITDA1 (including proportionate share in Adjusted EBITDA1 of associated companies) in 2023 was $304 million as compared to $250 million in 2
SINGAPORE, Sept. 9, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q2 2024 and additional updates. Q2 and Recent Highlights Kenon In June 2024, Kenon sold 5 million ZIM shares for total consideration of $111 million. Following the sale, Kenon remains the single largest shareholder in ZIM.Also in June 2024, Kenon entered into a collar transaction with an investment bank relating to an additional 5 million ZIM shares owned by Kenon.In September 2024, Kenon's board of directors authorized an increase in its share repurchase plan by $10 million to up to $60 million (including shares already purchased under the plan), and Kenon has entered int
SINGAPORE, June 3, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q1 2024 and additional updates. Q1 and Recent Highlights Kenon Kenon has obtained a favorable decision in our litigation proceedings against Shenzhen Baoneng Investment Group Co., Ltd. in the Supreme People's Court of China in relation to its claim for breach of guarantee.Kenon and its wholly-owned subsidiary IC Power Ltd. obtained a favorable decision in its arbitration proceedings against the Republic of Peru with respect to pre- and post-award interest on the award, further to the tribunal's prior award in favor of Kenon.In April 2024, Kenon distributed a cash dividend o
SINGAPORE, March 26, 2024 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for 2023 and additional updates. Q4 and Recent Highlights Kenon In March 2024, Kenon's board of directors approved a cash dividend of approximately $200 million ($3.80 per share) payable in April 2024.OPC Financial results:OPC's net profit in 2023 was $47 million, as compared to a net profit of $65 million in 2022. OPC's 2023 net profit included its share in profit of CPV of $66 million as compared to $85 million in 2022.OPC's Adjusted EBITDA1 (including proportionate share in Adjusted EBITDA1 of associated companies) in 2023 was $304 million as compared to $250 million in 2
U.S. stocks were mostly higher, with the Dow Jones index gaining over 100 points on Tuesday. Shares of UnitedHealth Group Incorporated (NYSE:UNH) rose sharply during Tuesday’s session following better-than-expected first-quarter earnings. The company reported adjusted EPS of $6.91, up from $6.26 a year ago, beating the consensus of $6.62. UnitedHealth’s revenues increased nearly $8 billion to $99.8 billion, beating the consensus of $99.3 billion, according to data from Benzinga Pro. UnitedHealth Group shares surged 6.2% to $473.20 on Tuesday. Here are some other big stocks recording losses in today’s session. Macatawa Bank Corporation (NASDAQ:MCBC) shares jumped 38.8% to $13.78 after
OPC The following discussion of OPC's results of operations is derived from OPC's consolidated financial statements, which are denominated in NIS for purposes of OPC's financial statements, as translated into US dollars for Kenon's financial statements. Summary Financial Information of OPC For the year endedDecember 31, 2023 2022 $ millions Revenue692 574 Cost of sales (excluding depreciation and amortization)(494) (417) Finance expenses, net(53) (14) Share in profit of associated companies, net66 85 Profit for the period47 65 Attributable to: Equity holders of OPC40 50 Non-controlling interest7 15 Adjusted EBITDA3304 250 For details of OPC's results please refer to Appendix
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6-K - Kenon Holdings Ltd. (0001611005) (Filer)
6-K - Kenon Holdings Ltd. (0001611005) (Filer)
SINGAPORE, Nov. 29, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon") announces its results for Q3 2023 and additional updates. Q3 and Recent Highlights Kenon Kenon has obtained a final arbitration award in favor of Kenon and its wholly-owned subsidiary IC Power Ltd. ("IC Power") in an arbitration proceeding against the Republic of Peru ("Peru") under the Free Trade Agreement between Singapore and Peru, awarding $110.7 million in damages, of which approximately $45 million will be attributable to Kenon, not including the award for fees and costs and pre- and post-award interest. The award is subject to tax.OPC Financial results:OPC's net profit in Q3 2023 was $27 mi
SINGAPORE, July 19, 2023 /PRNewswire/ -- Kenon Holdings Ltd. (NYSE:KEN) (TASE: KEN) ("Kenon"), a Singapore-based holding company that operates dynamic, growth-oriented businesses in the energy and shipping sectors, announced today that it has appointed Ms. Tan Beng Tee to its Board of Directors ("Board") as a non-executive Director. Ms. Tan brings with her decades of experience in the shipping industry from her former role as Assistant Chief Executive of the Maritime and Port Authority of Singapore and her current position as Executive Director of the Singapore Maritime Foundation. Kenon Chairman Mr. Cyril Ducau stated, "We are thrilled to have Tan Beng Tee join our Board of Directors. She b