"While these acquisitions have negatively impacted our short-term results due to timing and seasonality factors
, as well as accounting rules, we remain focused on acquiring companies with strong cash flows, attractive margins and superior returns over the long term." Roeth continued, "Importantly, this quarter we saw a return not only to organic sales growth but also to growth in organic EBITDA, when excluding the non-cash intangible asset impairment charge.
But, ING Bank senior economist Nicholas Mapa said remittances continue to be a stable source of foreign exchange to the Philippines despite its seasonality factors
. "The contraction in year-on-year terms shows that the seasonality in remittances continues to shift, mainly due to school year changes as well as to possible late payments to workers.
"Despite the international oil markets being well balanced in the third quarter, there will still be substantial stock draws due to robust demand and seasonality factors
in the second half," Al Aama said in the statement.
Vienna, Dhu-AlQa'dah 06, 1439, July 19, 2018, SPA -- The Chairman of the Joint Technical Committee, and Saudi governor for OPEC, Adeeb Al-Aama, stated that despite the international oil markets being well balanced in the third quarter, there will still be substantial stock draws due to robust demand and seasonality factors
in the second half.
Hong Jiang Zhang, Chief Executive Officer of Kingsoft, said, "We achieved a total revenue of RMB1,751.5 million in the first quarter, a 58% annual growth rate, but experienced a slight quarter-over-quarter decrease due to seasonality factors
. Despite the 30% quarter-over-quarter decrease resulting from seasonal impact, operating profit before the share-based compensation costs increased 32% year-over-year to RMB255.5 million."
"Although deposits in Cyprus remained unchanged during the first quarter of 2016, reflecting seasonality factors
and the impact from the change in the foreign exchange rate of euro against US dollar, deposit inflows have picked up during April 2016," Bank of Cyprus continued.
He said core inflation had retreated to 1.8 percent year-on-year in January versus 2.1 percent year-on-year in December, resulting in a sequential decline of 0.15 percent month-on-month, taking out seasonality factors
Although the signs of moderate recovery in the non-x86 market must be put in the context of seasonality factors
-- the last quarter of the year has historically been the strongest for legacy sales -- there is no doubt that this shows a more balanced outlook partly due to CPU refresh cycles hitting some of the major platforms, specifically mainframes.
Production of original equipment (OE) auto parts saw minor increase in the second quarter driven by demand from local automakers, with aftermarket (AM) parts production, the major exports from the island, unaffected by seasonality factors
. The overall auto parts production value dropped 4.7% QoQ but increased 6.2% YoY during the period to NT$46.6 billion (US$1.55 billion), driven mainly by exports to China, suggesting positive effects from the Economic Cooperation Framework Agreement (ECFA) signed between Taiwan and China, which lower duties on bilaterally traded key parts.
We expect the company to release healthy 3Q12 financials, with the results supported by seasonality factors
. That said, we believe that the Euroset deal could result in lost value.
Vinay Bedi, divisional director of investment manager Brewin Dolphin in Newcastle, said: "The general feeling is that the company is saying that market controls have returned to normal and seasonality factors
are coming into play.
Another concern is the absence of the group's audited consolidated financial statements, as well as the vulnerability of the group's companies to changes in state policy affecting agricultural sector and to weather and seasonality factors