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

KFS launches eight utility vehicles to augment forest Protection

Kenya: The Principal Secretary of the State Department of Forestry, Ephantus Kimotho, has urged Kenya Forest Service to lay focus on resource mobilization and stakeholder engagement as a key strategic objective in the growth of the capacity of the Service to implement the 30 percent tree cover target by 2032.

Homa-Bay county schools to compete in tree growing

Kenya: The Governor of Homa-Bay County, Gladys Wanga, has launched a school tree growing competition that will involve all schools in the county in a bid to increase the country's forest cover from the current 3% to 30%.

PR Event in Ebène Cybercity for Flyover Ebène Project

Mauritius: A Public Relations exercise with tenants and stakeholders of Ebène Cybercity in view of the construction of the new interchange along the M3-A14 corridor (Flyover Ebène project) was held on Tuesday, 21 March 2023, at the Shri Atal Bihari Vajpayee Tower in Ebène.

Mauritius Qualifications Authority renews RPL Support Scheme

Mauritius: The Recognition of Prior Learning (RPL) Support Scheme, a process to officially recognise and validate competencies gained outside the formal education and training system for the purpose of certification, was renewed yesterday, between the Human Resource Development Council (HRDC) and the Mauritius Qualifications Authority (MQA), during a ceremony held at the Shri Atal Bihari Vajpayee Tower, in Ebène. The event was followed by a workshop on Portfolio Development for 100 new potential candidates.

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.”

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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.”

KFS launches eight utility vehicles to augment forest Protection

Kenya: The Principal Secretary of the State Department of Forestry, Ephantus Kimotho, has urged Kenya Forest Service to lay focus on resource mobilization and stakeholder engagement as a key strategic objective in the growth of the capacity of the Service to implement the 30 percent tree cover target by 2032.

Homa-Bay county schools to compete in tree growing

Kenya: The Governor of Homa-Bay County, Gladys Wanga, has launched a school tree growing competition that will involve all schools in the county in a bid to increase the country's forest cover from the current 3% to 30%.

PR Event in Ebène Cybercity for Flyover Ebène Project

Mauritius: A Public Relations exercise with tenants and stakeholders of Ebène Cybercity in view of the construction of the new interchange along the M3-A14 corridor (Flyover Ebène project) was held on Tuesday, 21 March 2023, at the Shri Atal Bihari Vajpayee Tower in Ebène.

Mauritius Qualifications Authority renews RPL Support Scheme

Mauritius: The Recognition of Prior Learning (RPL) Support Scheme, a process to officially recognise and validate competencies gained outside the formal education and training system for the purpose of certification, was renewed yesterday, between the Human Resource Development Council (HRDC) and the Mauritius Qualifications Authority (MQA), during a ceremony held at the Shri Atal Bihari Vajpayee Tower, in Ebène. The event was followed by a workshop on Portfolio Development for 100 new potential candidates.

Dominica: PM Roosevelt Skerrit welcomes Mexican delegation AMEXCID

Dominica: Dr Roosevelt Skerrit, the Prime Minister of the Commonwealth of Dominica, received a group from the Mexican Agency for International Development Cooperation (AMEXCID) led by its Executive Director, Dr Laura Elena Carrillo Cubillas, and extended a warm welcome on March 23, 2022.

FAZ salutes fans for filling up levy Mwanawasa stadium

Zambia: The Football Association of Zambia (FAZ) wishes to convey its gratitude to the thousands of fans that filled Levy Mwanawasa Stadium in Ndola during the Chipolopolo’s 3-1 win over Lesotho in a Group H Africa Cup of Nations qualifier.