17/03/2025
˻ ͒͘ ˜ ͓͓͖͑
BIZ & FINANCE
©¢¨Ø ÐØjÌØÛÉРШ¿ÌØ´©ÐØ Ø¿ Ì©ä ©ºØ¨ ©ºº¿äjØ©¿º
'æØjÌ a¿Ì´ jØ ¹É©Ì ©Øç ÐÛÌÐ ¹j±¿Ì غjºØÐ 1&5"-*/( +":" )FYUBS 8PSME BU &NQJSF $JUZ JT TMBUFE UP MBVODI JO GPVSUI RVBSUFS NBSLJOH B NBKPS NJMFTUPOF JO .BMBZTJB T SFUBJM BOE MJGFTUZMF TDFOF 5IF SFDFOU UFOBOU TJHOJOH DFSFNPOZ BU &NQJSF $JUZ CSPVHIU UPHFUIFS LFZ FYFDVUJWFT NBKPS SFUBJMFST BOE CVTJOFTT QBSUOFST UP DFMFCSBUF UIJT EFWFMPQNFOU .BOBHFE CZ "MMJBODF &NQJSF 4EO #IE UIJT QSPKFDU JT B DPMMBCPSBUJPO CFUXFFO "MMJBODF 1SFNJFS 4EO #IE &YTJN )PMEJOHT 4EO #IE +5 .PNFOUVN 4EO #IE BOE )FYUBS )FBMUIDBSF #FSIBE "NPOH UIF LFZ BODIPS UFOBOUT BOOPVODFE JT UIF .BMBZTJB /BUJPOBM *DF 4LBUJOH 4UBEJVN CZ ,PQFSBTJ *OEVTUSJ 4VLBO "UMFU .BMBZTJB #IE BO 0MZNQJD TJ[FE WFOVF TFU UP FMFWBUF UIF OBUJPO T XJOUFS TQPSUT TDFOF "EEJOH UP JU JT .BMBZTJB T MBSHFTU JOEPPS XBUFS QBSL GFBUVSJOH B GJSTU PG JUT LJOE DPODFQU BMPOH XJUI 4MPQF .BTUFS UIF DPVOUSZ T MBSHFTU JOEPPS TLJ USBJOJOH GBDJMJUZ )FYUBS (SPVQ $&0 %BUVL &EEJF 0OH TBJE UIBU BT UIFZ NPWF DMPTFS UP UIFJS TPGU PQFOJOH JO 2 UIFZ MPPL GPSXBSE UP VOWFJMJOH NPSF FYDJUJOH CSBOET BOE FYQFSJFODFT UIBU XJMM NBLF )FYUBS 8PSME BO JDPOJD EFTUJOBUJPO GPS MPDBMT BOE WJTJUPST BMJLF )FYUBS 8PSME BU &NQJSF $JUZ JT EFTJHOFE BT BO BMM FODBQTVMBUJOH MJGFTUZMF IVC PGGFSJOH B EJWFSTF NJY PG TIPQQJOH EJOJOH BOE FOUFSUBJONFOU FYQFSJFODFT 4QBOOJOH NJMMJPO TRVBSF GFFU PG OFU MFUUBCMF BSFB JU JT EJWJEFE JOUP TJY EJTUJODU [POFT FBDI DBUFSJOH UP B NZSJBE PG WJTJUPS JOUFSFTUT 5IF EFWFMPQNFOU CPBTUT PWFS SFUBJM FOUFSUBJONFOU BOE EJOJOH PQUJPOT JODMVEJOH B TR GU TVQFSNBSLFU GPS EBJMZ FTTFOUJBMT BOE NPSF UIBO TR GU FOUFSUBJONFOU TQBDF GJMMFE XJUI BUUSBDUJPOT 8JUI QBSLJOH CBZT WJTJUPST DBO FOKPZ B IBTTMF GSFF FYQFSJFODF FOTVSJOH DPOWFOJFODF GSPN BSSJWBM UP EFQBSUVSF )FYUBS 8PSME BU &NQJSF $JUZ JT CBDLFE CZ JOEVTUSZ MFBEFST FBDI CSJOHJOH FYQFSUJTF UP UIJT MBOENBSL EFWFMPQNFOU )FYUBS )FBMUIDBSF #IE ESJWFT BEWBODFNFOUT JO EJBHOPTUJDT BOE XFMMOFTT TPMVUJPOT XIJMF &YTJN )PMEJOHT JT XIPMMZ PXOFE CZ -JN "JL )PF -JN "JL ,JBU BOE -JN "JL 'V XIP BSF BMTP TIBSFIPMEFST PG &YTJN %FWFMPQNFOU 4EO #IE UIFJS EFDMJOF GPS B UIJSE TUSBJHIU XFFL UP DMPTF MPXFS X P X BU 3. 0O UIF PUIFS IBOE UIF TIBSFT PG :5- 1PXFS *OUFSOBUJPOBM :5-1083 BOE :5- $PSQPSBUJPO :5- HBJOFE BOE X P X SFTQFDUJWFMZ TFFJOH TPNF SFTQJUF BGUFS EFDMJOJOH GPS TFWFSBM DPOTFDVUJWF XFFLT 5P WJFX UIF GVMM MJTU PG TUSVDUVSFE XBSSBOUT BWBJMBCMF PO #VSTB .BMBZTJB LJOEMZ WJTJU NBMBZTJBXBSSBOUT DPN NZ 1SPWJEFE GPS .BMBZTJBO SFTJEFOUT JOGPSNBUJPO POMZ 5IJT DPNNFOUBSZ IBT OPU CFFO SFWJFXFE CZ UIF 4FDVSJUJFT $PNNJTTJPO .BMBZTJB *U JT OPU BO PGGFS PS SFDPNNFOEBUJPO UP USBEF BOE JT OPU SFTFBSDI NBUFSJBM 1BTU QFSGPSNBODF JT OPU JOEJDBUJWF PG GVUVSF QFSGPSNBODF :PV TIPVME NBLF ZPVS PXO BTTFTTNFOU BOE TFFL QSPGFTTJPOBM BEWJDF 5IF XBSSBOUT XJMM OPU CF PGGFSFE UP BOZ 64 QFSTPOT
Ï ØÙàËÝÓ ÍÍÏÖÏÜËÞÙÜ ÜÙÑÜË××Ï ËÓ×Ý ÞÙ Ï×ÚÙáÏÜ ÞÒÙÝÏ ÝÏÖÏÍÞÏÎ ÞÒÜÙßÑÒ ×ÏØÞÙÜÝÒÓÚ ËØÎ ÜÏÝÙßÜÍÏÝ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i0VS OBUJPO T TUBSUVQ FDPTZTUFN JT CSJNNJOH
(9#BOL XJUI SFQSFTFOUBUJWFT GSPN UIF FJHIU MPDBM TUBSUVQT TFMFDUFE GPS 5F9OPWBTJ
(9#BOL T DPNNJUNFOU UP OVSUVSJOH PVS FOUSFQSFOFVSJBM FDPTZTUFN BOE ESJWF NFBOJOHGVM JNQBDU UP IFMQ .BMBZTJB CFDPNF B UISJWJOH UFDI IVC u 7FOUVSFT $&0 #JLFTI -BLINJDIBOE TBJE i5ISPVHI UIF NFOUPSJOH TFTTJPOT XF BJN UP FRVJQ TUBSUVQT XJUI UIF DSJUJDBM TLJMMT BOE JOTJHIUT OFFEFE UP TDBMF UIFJS CVTJOFTT XJUIJO .BMBZTJB T GJOBODJBM TFDUPS i&YDMVTJWF XPSLTIPQT XJMM DPWFS LFZ BSFBT TVDI BT NBSLFU FOUSZ JOOPWBUJPO BOE TDBMJOH QSPWJEJOH TUBSUVQT XJUI UIF FTTFOUJBM UPPMT GPS HSPXUI i5IFZ XJMM BMTP HBJO BDDFTT UP B WBTU OFUXPSL PG QVCMJD BOE QSJWBUF JOWFTUPST DPSQPSBUF QBSUOFST BOE FYQFSJFODFE QSPGFTTJPOBMT GPTUFSJOH PQQPSUVOJUJFT GPS BDDFMFSBUFE TVDDFTT u TUSPOH TJHOT PG SFDPWFSZ XF BSF XFMM QPTJUJPOFE UP NFFU JODSFBTJOH EFNBOE UISPVHI PVS BEWBODFE FOHJOFFSJOH DBQBCJMJUJFT BOE DBQBDJUZ FYQBOTJPO FGGPSUT i5IF DPNQMFUJPO PG PVS UISFF TUPSFZ DMFBOSPPN GBDJMJUZ CZ FOE PG .BSDI XJMM GVSUIFS TUSFOHUIFO PVS BCJMJUZ UP TVQQPSU GSPOU FOE TFNJDPOEVDUPS DVTUPNFST i-PPLJOH BIFBE XF BOUJDJQBUF DPOUJOVFE JOEVTUSZ SFDPWFSZ BT XF IBWF SFDFJWFE NVMUJQMF JORVJSJFT BOE TFDVSFE TFWFSBM QSPKFDUT XJUIJO UIF TFNJDPOEVDUPS TFDUPS w
XJUI QPUFOUJBM FTQFDJBMMZ JO UIF GJOUFDI TQBDF i)PXFWFS NBOZ PGUFO GBDF PCTUBDMFT XIFO USZJOH UP TDBMF TVDI BT SFHVMBUJPOT CBMBODJOH UIF DPNQMFYJUZ PG EBUB UFDI BOE DPNQMJBODF BOE BMTP MBDL PG GVOEJOH i* BN DPHOJTBOU PG UIF TVQQPSU XF SFDFJWFE JO PVS FBSMZ ZFBST BOE FWFO UPEBZ BT B QJPOFFSJOH EJHJUBM POMZ CBOL )BWJOH UIF SJHIU HVJEBODF IBT IFMQFE TIBQF NZ QBUI BT XFMM BT UIF PSHBOJTBUJPO T u IF BEEFE i8IJMF (9#BOL BJNT UP BEESFTT .BMBZTJB T GJOBODJBM JODMVTJPO BOE SFTJMJFODF UISPVHI UFDIOPMPHZ ESJWFO TPMVUJPOT UPHFUIFS XJUI (SBC .BMBZTJB XF XBOU UP OVSUVSF UIFTF MJLF NJOEFE JOOPWBUPST UP TPMWF GJOBODJBM DIBMMFOHFT PG .BMBZTJBOT i5IJT JT QBSU PG CPUI (SBC .BMBZTJB BOE
Wa ÌÉ¿ÌØÐ ŖřŘěŜơ ÉÌ¿©Ø jØÌ Øjæ ¢Ì¿åØ¨ ¿Ì JŗĞŗŚ 1&/"/( 68$ #IE BO JOUFHSBUFE FOHJOFFSJOH TVQQPSUJOH TFSWJDFT QSPWJEFS SFQPSUFE SFWFOVF PG 3. NJMMJPO SFGMFDUJOH B ZFBS PO ZFBS HSPXUI PG JO UIF TFDPOE RVBSUFS SFTVMUT GPS JUT GJOBODJBM ZFBS FOEJOH +VMZ 2 DPNQBSFE UP 3. NJMMJPO JO 2 'PS UIF DVNVMBUJWF TJY NPOUI QFSJPE ) 68$ SFDPSEFE SFWFOVF PG 3. NJMMJPO SFQSFTFOUJOH JODSFBTF DPNQBSFE UP )
1#5 BOE 1"5 SPTF CZ BOE UP 3. NJMMJPO BOE 3. NJMMJPO SFTQFDUJWFMZ 68$ FYFDVUJWF EJSFDUPS BOE HSPVQ $&0 %BUVL /H $IBJ &OH TBJE i5IJT RVBSUFS T QFSGPSNBODF IJHIMJHIUT UIF SFTJMJFODF PG PVS CVTJOFTT BOE UIF TUSFOHUI PG PVS TUSBUFHJD JOJUJBUJWFT i8JUI UIF TFNJDPOEVDUPS JOEVTUSZ TIPXJOH
5IJT JODSFBTF XBT ESJWFO CZ JODSFBTJOH PSEFST GSPN UIF SFDPWFSJOH TFNJDPOEVDUPS JOEVTUSZ 5IF HSPVQ T QSPGJU CFGPSF UBY 1#5 BOE QSPGJU BGUFS UBY 1"5 JODSFBTFE CZ BOE SFBDIJOH 3. NJMMJPO BOE 3. NJMMJPO SFTQFDUJWFMZ
'O( ©º Ðɿش©¢¨ØĘ ØÌj ©º¢ jØ©ä©Øç ©º ©ÐÐÛÐ ¿äÌ 8ĞЩjº ÐØ¿²Ð ´©ºÐ
.POEBZ UISPVHI 5IVSTEBZ )PXFWFS PO 'SJEBZ QSJDFT QPTUFE B TUSPOH SBMMZ TOBQQJOH UIF GJWF EBZ MPTJOH TUSFBL BOE USJNNJOH JUT XFFLMZ MPTTFT 5IF SFCPVOE DBNF BT JOWFTUPST SFTVNFE CVZJOH JOUFSFTU JO UFDI DPNQBOJFT PO UIF CBDL PG PQUJNJTN UIBU UIF EFWFMPQNFOUT JO BSUJGJDJBM JOUFMMJHFODF XJMM TVTUBJO B CVMM SVO GPS UIF ZFBS 5IF NPWFT MFE UP BDUJWF USBEJOH JO NPTUMZ UIF QVU XBSSBOUT XJUI )4* 18% )4* 18% BOE )4* 18%/ UPQQJOH UIF DIBSU XJUI VQ UP NJMMJPO NJMMJPO BOE NJMMJPO VOJUT DIBOHJOH IBOET .FBOXIJMF UIF DBMM XBSSBOUT )4* $8$% BOE )4* $8$' XFSF UIF NPTU BDUJWFMZ USBEFE DBMM XBSSBOUT CZ WPMVNF USBEFE GPS UIF XFFL BU NJMMJPO BOE NJMMJPO VOJUT *OWFTUPST TIPVME UBLF OPUF UIBU BNPOH UIF UPQ USBEFE XBSSBOUT DBMM
5PQ )4* XBSSBOUT CZ WPMVNF USBEFE 8BSSBOU 7PMVNF *TTVFS &YFSDJTF
'03 UIF XFFL FOEFE .BSDI XBSSBOUT USBEJOH BDUJWJUZ TBX BO VQUJDL SJTJOH CZ UP 3. NJMMJPO 5IJT HSPXUI XBT QSJNBSJMZ ESJWFO CZ B KVNQ JO USBEJOH UVSOPWFS GPS UIF )BOH 4FOH *OEFY )4* XBSSBOUT XIJDI SFBDIFE 3. NJMMJPO o B JODSFBTF DPNQBSFE UP 3. NJMMJPO JO UIF QSFWJPVT XFFL )4* XBSSBOUT BDDPVOUFE GPS PG UIF UPUBM XFFLMZ XBSSBOUT UVSOPWFS *O DPOUSBTU USBEJOH BDUJWJUZ JO XBSSBOUT PWFS MPDBM TUPDLT EFDMJOFE XJUI UVSOPWFS ESPQQJOH XFFL PO XFFL X P X UP 3. NJMMJPO EPXO GSPN 3. NJMMJPO UIF QSFWJPVT XFFL 5IF )4* TBX OPUBCMF WPMBUJMJUZ EVSJOH UIF XFFL XJUI QSJDFT EFDMJOJOH GPS GPVS DPOTFDVUJWF EBZT GSPN
&YQJSZ EBUF
OBNF
NJM
QSJDF
)4* 18% )4* $8$% )4* $8$' )4* 18% )4* 18%/
,FOBOHB ,FOBOHB .BDRVBSJF .BDRVBSJF ,FOBOHB
.BZ .BS .BS +VO "QS
XFFL $BMM XBSSBOU '#.,-$* $23 UPPL UIF DFOUSF TUBHF SFDPSEJOH NJMMJPO VOJUT DIBOHJOH IBOET .FBOXIJMF XBSSBOUT PWFS MPDBM TUPDLT UIBU XFSF QPQVMBS BNPOH JOWFTUPST JODMVEF (".6%" $ 3 :5-1083 $ BOE :5- $ ' XJUI NJMMJPO NJMMJPO BOE NJMMJPO VOJUT USBEFE SFTQFDUJWFMZ 5IF TIBSFT PG (BNVEB #FSIBE (".6%" FYUFOEFE
XBSSBOUT )4* $8$% BOE )4* $8$' XJMM CF FYQJSJOH PO .BSDI UIFJS MBTU USBEJOH EBUF JT PO .BSDI XIJDI JT UIF MBTU EBUF UP CVZ PS TFMM UIFTF XBSSBOUT 0O UIF MPDBM GSPOU XBSSBOUT PWFS UIF MPDBM CFODINBSL '54& #VSTB .BMBZTJB ,-$* '#. ,-$* TBX TPNF USBEJOH BDUJWJUJFT BT UIF JOEFY QPTUFE GPVS DPOTFDVUJWF XFFLT PG MPTTFT XJUI UIF X P X EFDMJOF MBTU
Made with FlippingBook - professional solution for displaying marketing and sales documents online