Sep 27, 2022 Newsdesk Industry Talk, Latest News  
Crane Holdings Co, a conglomerate providing products and services to a range of sectors including for cash handling in the casino industry, confirmed on Monday a regular quarterly dividend to be paid on December 14.
The dividend of US$0.47 per share for the fourth quarter is for stockholders of record at the close of business on November 30 this year.
In July the group posted a second-quarter net profit of US$280.5 million, up 102.8 percent from a year earlier. Such profit was up 167.1 percent quarter-on-quarter.
In August, Crane said it had divested from the group the entity Redco Corp, a subsidiary that holds asbestos-related and other liabilities and insurance assets. The transaction indemnified Crane from all legacy liabilities related to asbestos.
At the closing of that deal, Crane contributed approximately US$550 million in cash to Redco, and the firm financed it with a combination of short-term debt and cash on hand.
Mar 11, 2024
Mar 01, 2024
Apr 29, 2024
Apr 29, 2024
Apr 29, 2024
Udorn Olsson, an adviser to Thai lawmakers on casino legalisation, is scheduled as a speaker at this year’s Global Gaming Expo (G2E) Asia casino trade show and conference at the Venetian Macao from...(Click here for more)
"Pagcor is able to sustain its growth trajectory in the first quarter of 2024 and this should help position us into achieving another record-breaking year"
Alejandro Tengco
Pagcor chairman and chief executive