RCS - Polaris Infra. Inc. - Polaris Infrastructure Announces Q1 2022 Results

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05/05/2022 15:45

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RNS Number : 5042K  Polaris Infrastructure Inc.  05 May 2022

 Polaris Infrastructure Inc. / Key word(s): Quarter Results

Polaris Infrastructure Announces Q1 2022 Results

05.05.2022 / 14:50

The issuer is solely responsible for the content of this announcement.

 Polaris Infrastructure Announces Q1 2022 Results

 TORONTO, ON / ACCESSWIRE / May 5, 2022 / Polaris Infrastructure Inc.
 (TSX:PIF) ("Polaris Infrastructure" or the "Company"), is pleased to report
 its financial and operating results for the three-months period ended March
 31, 2022. This earnings release should be read in conjunction with Polaris
 Infrastructure's consolidated financial statements and management's discussion
 and analysis, which are available on the Company's website
 at www.polarisinfrastructure.com (https://pr.report/E-oPkIWn)  and have been
 posted on SEDAR at www.sedar.com (https://pr.report/EC39cdpx)  . The dollar
 figures below are denominated in US Dollars unless noted otherwise.

 HIGHLIGHTS

 ·      Consolidated energy production of 177,765 MWh (net) for the
 period ended March 31, 2022, of which 113,915 MWh (net) was contributed by the
 Company's geothermal facility in Nicaragua, the San Jacinto facility ("San
 Jacinto"), and an aggregate of 63,850 MWh (net) was contributed by the
 Company's hydroelectric facilities in Peru, being the Canchayllo facility
 ("Canchayllo"), the El Carmen facility ("El Carmen") and the 8 de Agosto
 facility ("8 de Agosto").

 ·      The Company generated $16.1 million in revenue, including $15.7
 million from energy sales and $0.4 million from the sale of carbon emission
 reduction ("CER") credits from San Jacinto for the period ended March 31,
 2022, compared to $15.7 million in energy sales in the same period in 2021.

 ·      Net earnings attributable to owners was $2.5 million or $0.13 per
 share - basic for the period ended March 31, 2022, compared to net loss of
 $0.9 million or $(0.05) per share - basic for the same period in 2021. Net
 earnings were higher due to higher revenue from CER credits sold in the
 quarter, coupled with other gains from valuation of conversion option
 liability, and lower depreciation, partly offset by higher finance costs.
 Adjusted EBITDA ((1)) was $12.1 million for the period ended March 31, 2022,
 compared to $11.9 million in the same period in 2021.

 ·      For the period ended March 31, 2022, the Company generated $7.6
 million in net cash flow from operating activities, ending with a strong cash
 position of $87.2 million ((2)) .

 ·      Continued progress on the construction of the Binary power plant
 at San Jacinto, which is on schedule for completion in the fourth quarter of
 2022. An additional $6.8 million was spent in the quarter, bringing the total
 investment to date to $13.7 million.

 ·      On February 11, 2022, the Company completed a Senior Debt
 Facility with three Development Financial Institutions for $110.0 million in
 total and settled the Senior and Subordinated project loans for the Company's
 wholly owned geothermal subsidiary in Nicaragua. Further to the December 2020
 extension of Nicaragua's PPA to 2039, and consistent with the Company's
 strategy, the Debt Refinancing now aligns the amortization of the debt with
 the extended power purchase agreement ("PPA").

 ·      On March 17, 2022, the Company announced it had signed a share
 purchase agreement ("SPA") to acquire a run-of-the-river hydro project with
 approximately 6.3 MWs capacity, in Ecuador, for $20.4 million. On the closing
 of this transaction, the Company will also assume approximately $7.0 million
 worth of debt from the Project lender. The hydro project includes two
 expansion opportunities with the introduction of a conduction channel from the
 adjacent Perlabi River, which the Company believes would increase the load
 factor of the hydro project. Such expansion is underway and is expected to be
 completed in the fourth quarter of 2022. The SPA is subject to customary
 closing conditions, including the approval of the acquisition by local
 regulatory bodies. It is expected that these conditions will take 60-90 days
 to finalize.

 ·      On March 17, 2022, the Company also completed the acquisition of
 two solar projects, with expected total capacity of approximately 13
 MWdc( (3)) , located in Panama. Polaris Infrastructure agreed to pay $0.6
 million purchase price in exchange for the licenses and permits required to
 complete the construction of the solar plants and to operate them once
 construction is complete, as well as the land where they will be built. Total
 construction cost is expected to be approximately $10.0 million, and the
 target commercial operation date ("COD") is early 2023. In connection with the
 completion of this transaction, the Company will receive exclusive development
 rights for two additional development stage solar projects in Panama.

 ·      On April 20, 2022, the Company announced it had signed a SPA to
 acquire a 32 MWdc( (3)) operational solar project named Canoa 1 (the
 "Project") located in the Barahona Province, Dominican Republic. The Project
 reached COD in March 2020 and has a 20-year PPA in place with Edesur
 Dominicana SA ("EDESUR"), a local Dominican distributor. Polaris
 Infrastructure has agreed to pay $18.4 million in cash at closing in exchange
 for all of the issued and outstanding common shares as well as the licenses
 and permits of the Project. Such purchase price is subject to customary
 working capital adjustments from signing of the SPA until closing. The Company
 will assume non-recourse debt at the project level of approximately $35.0
 million. The Project has a PPA denominated in US dollars with an estimated
 price for 2022 of $128.10 per Mwhr. Such PPA has an inflator of 1.22% per
 annum until the price reaches $142.80 per Mwhr at which point the price
 remains fixed until the end of the PPA in 2040. The closing of the acquisition
 is subject to customary conditions including approval of the share transfer by
 appropriate local ministries and the project lender. Closing is expected to
 occur within 90 days of signing.

 ·      The Company remains focused on maintaining a quarterly dividend.
 For the period ended March 31, 2022, the Company declared and paid $2.9
 million in dividends. The Company has declared the twenty-fifth consecutive
 quarterly dividend of $0.15 per outstanding common share, which will be paid
 on May 27, 2022.

 ·      The Company continued to advance its environmental, social and
 governance ("ESG") initiatives as part of its core strategy while continuing
 to maintain an excellent health and safety record. Readers are encouraged to
 refer to the Company's ESG annual report, which is available on the Company's
 website for additional details.

 ·      The Company does not conduct business with or within Russia and
 Ukraine; however global instability is increasing market and foreign exchange
 volatility, worsening existing supply chain delays, and bringing inflationary
 pressures to the economy, impacting not only the entities with interests or
 exposures to both countries. Although the current exposure to these risks is
 determined as low, the Company continues evaluating them to determine if
 mitigation measures in place are appropriate or need to be adjusted, as
 needed.

 ·      Despite the unprecedented challenges faced as a result of the
 Covid-19 global pandemic and related variants, all facilities remained in
 operation and continue to operate to date. Over 99% of our employees in all
 locations are fully vaccinated.

 1. A Non-GAAP measure used by the Company. A non-GAAP performance measures is
 included in the 'Non-GAAP Performance Measures' section below.

 2. Includes current and non-current restricted cash.

 3. MWdc refers to Megawatt direct current.

 OPERATING AND FINANCIAL OVERVIEW

                             Three Months Ended
                              March 31, 2022                        March 31, 2021
 Energy production
 Consolidated Power (MWh) net                                          177,765                              180,984

 Financials
 Total revenue                                            $            16,066                   $           15,679
 Net earnings/(loss) attributable to owners               $            2,531                    $           (912        )
 Adjusted EBITDA (i)                                      $            12,097                   $           11,851
 Net cash flow from operating activities                  $            7,570                    $           17,069

 Per share
 Net earnings/(loss) attributable to owners - basic       $            0.13                     $           (0.05       )
 Net earnings/(loss) attributable to owners - diluted     $            0.13                     $           (0.05       )
 Adjusted EBITDA (i) - basic                              $            0.62                     $           0.70

 Balance Sheet                                            As at March 31, 2022                  As at

 December 31, 2021
 Cash                                                     $            83,389                   $           97,930
 Restricted cash - current                                $            2,055                    $           -
 Restricted cash - non-current                            $            1,780                    $           3,835
 Total current assets                                     $            98,367                   $           110,143
 Total assets                                             $            492,023                  $           502,700
 Current and Long-term debt (ii)                          $            162,357                  $           169,686
 Total liabilities                                        $            231,546                  $           241,876

 

 1. A Non-GAAP measure used by the Company. A cautionary note regarding
 non-GAAP performance measures is included in the 'Non-GAAP Performance
 Measures' section below.

 2. Net of transaction costs.

 During the three months ended March 31, 2022 quarterly consolidated power
 production MWs (net) was lower than the same period in 2021, due to lower
 production in Nicaragua partly offset by higher production from Peru.

 For Nicaragua, first quarter 2022 production averaged 52.7 MWs (net), compared
 to 55.5 MWs (net) in the first quarter of 2021. On a quarter over quarter
 basis, production increased from 51.4 MWs (net) in the fourth quarter of 2021
 to 52.7 MWs (net) in the first quarter 2022. Management is of the view that
 this increase is a result of reinstating a more outfield injection strategy in
 early December 2021 leading to more stability in wells 9-3 and 6-2.

 Consolidated production in Peru for the three months ended March 31, 2022 was
 higher due to both higher water availability at 8 de Agosto and Canchayllo and
 technical issues at the intake that occurred at 8 de Agosto in the first
 quarter 2021 that were subsequently resolved. These increases were partly
 offset by the decrease in production at El Carmen, which experienced minor
 intake issues during the quarter. Such issues have been resolved and
 management expects higher availability going forward at both El Carmen and 8
 de Agosto.

 "We are pleased with the first quarter results as we continue to build on our
 longer-term strategy by delivering operationally, generating strong cash flow
 and focusing on our diversification. Once the announced acquisitions close,
 our jurisdictions will increase to five, with six plants in operation, and
 solar power added to our generation mix, while maintaining 100% of revenues
 derived in US dollars. In addition, we view all the new jurisdictions as very
 attractive markets for the Company to grow and develop further renewable
 projects" noted Marc Murnaghan , Chief Executive Officer of Polaris
 Infrastructure.

 About Polaris Infrastructure Inc.

 Polaris Infrastructure Inc. is a Toronto-based company engaged in the
 acquisition, development and operation of renewable energy projects in Latin
 America. The Company operates a 72 MW (net) geothermal facility in Nicaragua
 and three run-of-river hydroelectric facilities in Peru, with approximately 5
 MW (net), 8 MW (net) and 20 MW (net) capacity, each. The Company also owns two
 solar projects with an expected total capacity of approximately 13 MWdc,
 currently under construction.

 Investor Relations

Polaris Infrastructure Inc.

Phone: +1 647-245-7199

Email: info@polarisinfrastructure.com (mailto:info@polarisinfrastructure.com)

 Cautionary Statements

 This news release contains "forward-looking information" within the meaning of
 applicable Canadian securities laws, which may include, but is not limited to,
 financial and other projections as well as statements with respect to future
 events or future performance, management's expectations regarding the
 Company's growth, results of operations, business prospects and opportunities,
 expected closing dates and synergies of the acquisitions discussed above, and
 the effects of the COVID-19 pandemic. In addition, statements relating to
 estimates of recoverable energy "resources" or energy generation capacities
 are forward-looking information, as they involve implied assessment, based on
 certain estimates and assumptions, that electricity can be profitably
 generated from the described resources in the future. Such forward-looking
 information reflects management's current beliefs and is based on information
 currently available to management. Often, but not always, forward-looking
 statements can be identified by the use of words such as "plans", "expects",
 "is expected", "budget", "estimates", "goals", "intends", "targets", "aims",
 "likely", "typically", "potential", "probable", "projects", "continue",
 "strategy", "proposed", or "believes" or variations (including negative
 variations) of such words and phrases or may be identified by statements to
 the effect that certain actions, events or results "may", "could", "should",
 "would", "might" or "will" be taken, occur or be achieved..

 A number of known and unknown risks, uncertainties and other factors may cause
 the actual results or performance to materially differ from any future results
 or performance expressed or implied by the forward-looking information. Such
 factors include, among others: failure to discover and establish economically
 recoverable and sustainable resources through exploration and development
 programs; imprecise estimation of probability simulations prepared to predict
 prospective resources or energy generation capacities; inability to complete
 hydro projects in the required time to meet COD; variations in project
 parameters and production rates; defects and adverse claims in the title to
 the Company's properties; failure to obtain or maintain necessary licenses,
 permits and approvals from government authorities; the impact of changes in
 foreign currency exchange and interest rates; changes in government
 regulations and policies, including laws governing development, production,
 taxes, labour standards and occupational health, safety, toxic substances,
 resource exploitation and other matters; availability of government
 initiatives to support renewable energy generation; increase in industry
 competition; fluctuations in the market price of energy; impact of significant
 capital cost increases; the ability to file adjustments in respect of
 applicable power purchase agreements; unexpected or challenging geological
 conditions; changes to regulatory requirements, both regionally and
 internationally, governing development, geothermal or hydroelectric resources,
 production, exports, taxes, labour standards, occupational health, waste
 disposal, toxic substances, land use, environmental protection, project safety
 and other matters; economic, social and political risks arising from potential
 inability of end-users to support the Company's properties; insufficient
 insurance coverage; inability to obtain equity or debt financing; fluctuations
 in the market price of Shares; inability to retain key personnel; the risk of
 volatility in global financial conditions, as well as a significant decline in
 general economic conditions; uncertainty of political stability in countries
 in which the Company operates; uncertainty of the ability of Nicaragua, Peru,
 Panama and Dominican Republic to sell power to neighbouring countries;
 economic insecurity in Nicaragua, Peru, Panama and Dominican Republic; and
 other development and operating risks, as well as those factors discussed in
 the section entitled "Risks and Uncertainties" in the Company's annual and
 interim MD&A, copies of which are available on SEDAR. There may be other
 factors that cause actions, events or results not to be as anticipated,
 estimated or intended. These factors are not intended to represent a complete
 list of the risk factors that could affect us. These factors should be
 carefully considered, and readers of this press release should not place undue
 reliance on forward-looking information.

 Although the Company has attempted to identify important factors that could
 cause actual actions, events or results to differ materially from those
 described in forward-looking information, there may be other factors that
 cause actions, events or results to differ from those anticipated, estimated
 or intended. Forward-looking information contained herein is provided as at
 the date hereof and the Company disclaims any obligation to update any
 forward-looking information, whether as a result of new information, future
 events or results or otherwise, except as required by applicable laws. There
 can be no assurance that forward-looking information will prove to be
 accurate, as actual results and future events could differ materially from
 those anticipated in such information. Accordingly, readers should not place
 undue reliance on forward-looking information due to the inherent uncertainty
 therein.

 Additional information about the Company, including the Company's AIF for the
 year ended December 31, 2021, its annual and interim financial statements and
 related MD&A is available on SEDAR at www.sedar.com and on the Company's
 website at www.polarisinfrastructure.com (https://pr.report/2iYOEf1L)  .

 Non-GAAP Performance Measures

 Certain measures in this press release do not have any standardized meaning as
 prescribed by IFRS and, therefore, are not considered GAAP measures. Where
 non-GAAP measures or terms are used, definitions are provided. In this
 document and in the Company's consolidated financial statements, unless
 otherwise noted, all financial data is prepared in accordance with IFRS.

 This news release includes references to the Company's adjusted earnings
 before interest, taxes, depreciation and amortization ("adjusted EBITDA") and
 adjusted EBITDA per share, which are non-GAAP measures. These measures should
 not be considered in isolation or as an alternative to net earnings (loss)
 attributable to the owners of the Company or other measures of financial
 performance calculated in accordance with IFRS. Rather, these measures are
 provided to complement IFRS measures in the analysis of Polaris
 Infrastructure's results since the Company believes that the presentation of
 these measures will enhance an investor's understanding of Polaris
 Infrastructure's operating performance. Management's determination of the
 components of non-GAAP performance measures are evaluated on a periodic basis
 in accordance with its policy and are influenced by new transactions and
 circumstances, a review of stakeholder uses and new applicable regulations.
 When applicable, changes to the measures are noted and retrospectively
 applied.

 Descriptions and reconciliations of the above noted non-GAAP performance
 measures are included in Section 11: Non-GAAP Performance Measures in the
 Company's MD&A for the three months ended March 31, 2022 and in the
 Company's website www.polarisinfrastructure.com/Non-GAAP
 (https://pr.report/8jlnMbua) .

 SOURCE: Polaris Infrastructure, Inc.

 05.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
 of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
 Financial/Corporate News and Press Releases.

Archive at www.dgap.de

 

1. A Non-GAAP measure used by the Company. A cautionary note regarding
non-GAAP performance measures is included in the 'Non-GAAP Performance
Measures' section below.

2. Net of transaction costs.

During the three months ended March 31, 2022 quarterly consolidated power
production MWs (net) was lower than the same period in 2021, due to lower
production in Nicaragua partly offset by higher production from Peru.

For Nicaragua, first quarter 2022 production averaged 52.7 MWs (net), compared
to 55.5 MWs (net) in the first quarter of 2021. On a quarter over quarter
basis, production increased from 51.4 MWs (net) in the fourth quarter of 2021
to 52.7 MWs (net) in the first quarter 2022. Management is of the view that
this increase is a result of reinstating a more outfield injection strategy in
early December 2021 leading to more stability in wells 9-3 and 6-2.

Consolidated production in Peru for the three months ended March 31, 2022 was
higher due to both higher water availability at 8 de Agosto and Canchayllo and
technical issues at the intake that occurred at 8 de Agosto in the first
quarter 2021 that were subsequently resolved. These increases were partly
offset by the decrease in production at El Carmen, which experienced minor
intake issues during the quarter. Such issues have been resolved and
management expects higher availability going forward at both El Carmen and 8
de Agosto.

"We are pleased with the first quarter results as we continue to build on our
longer-term strategy by delivering operationally, generating strong cash flow
and focusing on our diversification. Once the announced acquisitions close,
our jurisdictions will increase to five, with six plants in operation, and
solar power added to our generation mix, while maintaining 100% of revenues
derived in US dollars. In addition, we view all the new jurisdictions as very
attractive markets for the Company to grow and develop further renewable
projects" noted Marc Murnaghan , Chief Executive Officer of Polaris
Infrastructure.

About Polaris Infrastructure Inc.

Polaris Infrastructure Inc. is a Toronto-based company engaged in the
acquisition, development and operation of renewable energy projects in Latin
America. The Company operates a 72 MW (net) geothermal facility in Nicaragua
and three run-of-river hydroelectric facilities in Peru, with approximately 5
MW (net), 8 MW (net) and 20 MW (net) capacity, each. The Company also owns two
solar projects with an expected total capacity of approximately 13 MWdc,
currently under construction.

Investor Relations

Polaris Infrastructure Inc.

Phone: +1 647-245-7199

Email: info@polarisinfrastructure.com (mailto:info@polarisinfrastructure.com)

Cautionary Statements

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities laws, which may include, but is not limited to,
financial and other projections as well as statements with respect to future
events or future performance, management's expectations regarding the
Company's growth, results of operations, business prospects and opportunities,
expected closing dates and synergies of the acquisitions discussed above, and
the effects of the COVID-19 pandemic. In addition, statements relating to
estimates of recoverable energy "resources" or energy generation capacities
are forward-looking information, as they involve implied assessment, based on
certain estimates and assumptions, that electricity can be profitably
generated from the described resources in the future. Such forward-looking
information reflects management's current beliefs and is based on information
currently available to management. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "expects",
"is expected", "budget", "estimates", "goals", "intends", "targets", "aims",
"likely", "typically", "potential", "probable", "projects", "continue",
"strategy", "proposed", or "believes" or variations (including negative
variations) of such words and phrases or may be identified by statements to
the effect that certain actions, events or results "may", "could", "should",
"would", "might" or "will" be taken, occur or be achieved..

A number of known and unknown risks, uncertainties and other factors may cause
the actual results or performance to materially differ from any future results
or performance expressed or implied by the forward-looking information. Such
factors include, among others: failure to discover and establish economically
recoverable and sustainable resources through exploration and development
programs; imprecise estimation of probability simulations prepared to predict
prospective resources or energy generation capacities; inability to complete
hydro projects in the required time to meet COD; variations in project
parameters and production rates; defects and adverse claims in the title to
the Company's properties; failure to obtain or maintain necessary licenses,
permits and approvals from government authorities; the impact of changes in
foreign currency exchange and interest rates; changes in government
regulations and policies, including laws governing development, production,
taxes, labour standards and occupational health, safety, toxic substances,
resource exploitation and other matters; availability of government
initiatives to support renewable energy generation; increase in industry
competition; fluctuations in the market price of energy; impact of significant
capital cost increases; the ability to file adjustments in respect of
applicable power purchase agreements; unexpected or challenging geological
conditions; changes to regulatory requirements, both regionally and
internationally, governing development, geothermal or hydroelectric resources,
production, exports, taxes, labour standards, occupational health, waste
disposal, toxic substances, land use, environmental protection, project safety
and other matters; economic, social and political risks arising from potential
inability of end-users to support the Company's properties; insufficient
insurance coverage; inability to obtain equity or debt financing; fluctuations
in the market price of Shares; inability to retain key personnel; the risk of
volatility in global financial conditions, as well as a significant decline in
general economic conditions; uncertainty of political stability in countries
in which the Company operates; uncertainty of the ability of Nicaragua, Peru,
Panama and Dominican Republic to sell power to neighbouring countries;
economic insecurity in Nicaragua, Peru, Panama and Dominican Republic; and
other development and operating risks, as well as those factors discussed in
the section entitled "Risks and Uncertainties" in the Company's annual and
interim MD&A, copies of which are available on SEDAR. There may be other
factors that cause actions, events or results not to be as anticipated,
estimated or intended. These factors are not intended to represent a complete
list of the risk factors that could affect us. These factors should be
carefully considered, and readers of this press release should not place undue
reliance on forward-looking information.

Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking information, there may be other factors that
cause actions, events or results to differ from those anticipated, estimated
or intended. Forward-looking information contained herein is provided as at
the date hereof and the Company disclaims any obligation to update any
forward-looking information, whether as a result of new information, future
events or results or otherwise, except as required by applicable laws. There
can be no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information due to the inherent uncertainty
therein.

Additional information about the Company, including the Company's AIF for the
year ended December 31, 2021, its annual and interim financial statements and
related MD&A is available on SEDAR at www.sedar.com and on the Company's
website at www.polarisinfrastructure.com (https://pr.report/2iYOEf1L)  .

Non-GAAP Performance Measures

Certain measures in this press release do not have any standardized meaning as
prescribed by IFRS and, therefore, are not considered GAAP measures. Where
non-GAAP measures or terms are used, definitions are provided. In this
document and in the Company's consolidated financial statements, unless
otherwise noted, all financial data is prepared in accordance with IFRS.

This news release includes references to the Company's adjusted earnings
before interest, taxes, depreciation and amortization ("adjusted EBITDA") and
adjusted EBITDA per share, which are non-GAAP measures. These measures should
not be considered in isolation or as an alternative to net earnings (loss)
attributable to the owners of the Company or other measures of financial
performance calculated in accordance with IFRS. Rather, these measures are
provided to complement IFRS measures in the analysis of Polaris
Infrastructure's results since the Company believes that the presentation of
these measures will enhance an investor's understanding of Polaris
Infrastructure's operating performance. Management's determination of the
components of non-GAAP performance measures are evaluated on a periodic basis
in accordance with its policy and are influenced by new transactions and
circumstances, a review of stakeholder uses and new applicable regulations.
When applicable, changes to the measures are noted and retrospectively
applied.

Descriptions and reconciliations of the above noted non-GAAP performance
measures are included in Section 11: Non-GAAP Performance Measures in the
Company's MD&A for the three months ended March 31, 2022 and in the
Company's website www.polarisinfrastructure.com/Non-GAAP
(https://pr.report/8jlnMbua) .

SOURCE: Polaris Infrastructure, Inc.

 

 

05.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.

Archive at www.dgap.de

 

 Language:     English
 Company:      Polaris Infrastructure Inc.

               Canada
 EQS News ID:  1345049

 

 End of News  DGAP News Service

1345049  05.05.2022

 

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