Destination XL Group Inc. (OTCMKTS: DXLG) Lists on the Nasdaq and announced Q2 2021 Sales Growth of 81%

Tshepong Victim Empowerment Centre celebrates ORANGE DAY

Tshepong Victim Empowerment Centre commemorates ORANGE DAY every month on the 25th of each month.. As the bright and optimistic colour for the UNITE Campaign, ORANGE represents a future free from violence against women and Girls.

Four in court for alleged Public Works tender collusion

The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.

Two suspected cable thieves arrested while on their way to Zimbabwe

Jo'burg Metro Police Department JMPD and SAPS officers in the JHB and CBD have arrested two suspects who were in possession of stolen cables in Johannesburg Central Business District.

Several dignitaries wish people Happy Africa Day 2022

The African Union Commission celebrates "Africa Day" on May 25 each year to acknowledge its successes and to promote the progress that Africa has made under a specific theme while reflecting upon the common challenges that the Continent faces in a global environment. 

Destination XL Group Inc. (OTCMKTS: DXLG) announced that its shares will begin grading in the Nasdaq capital market on September 8, 2021, under ticker “DXLG.”

Destination XL to start Nasdaq trading
CEO Harvey Kanter, “We are very excited to be back trading on Nasdaq and to do so with no outstanding long-term debt. The Company’s shares had traded for over 30 years on Nasdaq, but last December we voluntarily transitioned to OTCQX as a result of the impact of the global pandemic on our operations. Our operating results for the first six months of fiscal 2021 and the improvement in our stock price have enabled us to relist with Nasdaq.”

Early this month, the company announced full repayment of the first-in, last-out (FILO) loan facility. In addition, the FILO lender agreed to reduce the prepayment premium amount that would have otherwise been due to the early repayment. As a result, the total amount paid was $18.6 million, including $17.5 million in principal, $1.1 million in accrued interest and prepayment premium, as well as other costs.

Q2 2021 revenue up 81%
In Q2 2021, the company reported 81.3% YoY growth in total sales to $138.6 million. Net income was $24.5 million or $0.36 per diluted share relative to a net loss of $10.7 million or $0.12 per diluted share a year ago. Destination XL had an adjusted EBITDA of $29.8 million, increasing from $4.3 million in Q2 2020.

Kanter said, “We are very pleased to report second quarter results that far surpassed our internal expectations. We believe that we are witnessing a material shift in how consumers are thinking about and engaging with DXL. As a result, we are raising our full year 2021 guidance to reflect the revised outlook we have for the future of DXL, but also caution our optimism given the ongoing surges of the Covid Delta variant and ongoing risk in the supply chain.”

Tshepong Victim Empowerment Centre celebrates ORANGE DAY

Tshepong Victim Empowerment Centre commemorates ORANGE DAY every month on the 25th of each month.. As the bright and optimistic colour for the UNITE Campaign, ORANGE represents a future free from violence against women and Girls.

Four in court for alleged Public Works tender collusion

The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.The Special Investigating Unit (SIU) says the arrest of four people linked to alleged tender fraud in the Department of Public Works and Infrastructure is a continuation of the corruption busting unit’s efforts to recover money stolen from the public purse.

Two suspected cable thieves arrested while on their way to Zimbabwe

Jo'burg Metro Police Department JMPD and SAPS officers in the JHB and CBD have arrested two suspects who were in possession of stolen cables in Johannesburg Central Business District.

Several dignitaries wish people Happy Africa Day 2022

The African Union Commission celebrates "Africa Day" on May 25 each year to acknowledge its successes and to promote the progress that Africa has made under a specific theme while reflecting upon the common challenges that the Continent faces in a global environment. 

Pastor Luthando Matodlana found guilty of raping 22-Year-Old man

One South African pastor, Luthando Matodlana of God, is Love Ministry in Motherwell, Gqeberha, South Africa, has been found guilty of raping a 22-year-old man.

Mec Lekwene inspects Robert Mangaliso Sobunke hospital – Food Service Unit

Today, the Northern Cape Health MEC, Mr Maruping Lekwene, conducted an oversight visit to Robert Mangaliso Sobukwe hospital in Kimberley.

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