"However, the volume of water being drawn from the dam is insufficient to make up for the shortfall from Sungai Muda. "We are drawing water from the expanded Mengkuang Dam as an emergency response measure. Penang Water Supply Corporation (PBAPP), in a statement, said the sudden extreme drop in water level at 5am on Sunday in Sungai Muda at the Lahar Tiang Intake inlet has affected treated water production at the Sungai Dua Water Treatment Plant (WTP). The company recorded a sizable hike in revenues during the year, rising to £636 million ($767.7 million) from £220 million ($265.6 million) a year earlier.GEORGE TOWN: Certain areas in the state will face water supply disruption from Sunday (May 14) until Wednesday (May 17) due to a sudden drop in the water level at Sungai Muda.
#Due to due from accounts full
Revolut posted a net profit of £26.3 million ($31.8 million) for the full year 2021 – its first annual profit – in its most recent financial accounts.
#Due to due from accounts series
Schroders invested £10.1 million ($12.5 million) in the company's Series E funding round in 2021 but has since marked down its position to £5.4 million, a 46% decline, per its latest accounts. The company also recently saw its valuation drop to $17.7 billion in the accounts of one of its backers, Schroders Capital Global Innovation Trust, a UK-listed investment trust. The company repeatedly missed deadlines to file its 2021 results following a push for stronger internal controls by its auditor BDO after a rebuke by the Financial Reporting Council, the Financial Times reported. Revolut has also been bruised by repeated run-ins with regulators over its accounts. Storonsky recently suggested that ongoing banking turmoil could be behind the company's delays.
#Due to due from accounts license
The business has had a full banking license in Europe since 2021, having started life as an e-money institution in Lithuania in 2020. In an interview with CityAM at the time Salovaara said that the neobank's banking license was "imminent" but nothing has since been confirmed. The company said it was in "the advanced stages of its application," in its most recent set of annual accounts published in March. Revolut is in the process of securing a UK banking license having initially applied in 2021. Salovaara is the latest in a series of senior executives to leave the company in the past 18 months after a string of compliance and regulatory staff left the business. The hugely popular app also offers bank accounts and savings options as well as the ability to trade stocks and cryptocurrencies. The fintech, which counts the likes of SoftBank and Tiger Global among its backers, enables users to spend money in 150 currencies at a real-time exchange rate with no fees through a debit card. Revolut's CEO Nik Storonsky said: "I thank Mikko for his contribution and wish him well on his next steps." "I am grateful for the opportunity to serve as group CFO at Revolut and remain confident in the firm's future success," Salovaara said in a statement. Mikko Salovaara, who previously held a range of high-profile financial roles at Kraft Heinz, joined the startup as a vice president of finance in January 2021, six months before it raised an $800 million Series E round that catapulted its valuation to $33 billion. The chief financial officer of London fintech Revolut is leaving the company after two years in the role due to "personal reasons," the company said on Thursday.
0 kommentar(er)
