Earnings call: Coda Octopus Group posts solid Q2 despite defense hurdles

Coda Octopus Group, Inc. (CODA), a global leader in marine technology solutions, reported a steady performance in its second quarter of 2024 financial results, despite facing challenges in the defense sector. The company’s financial health appeared robust, with an increase in operating income, net income, and earnings per share, alongside a stable revenue stream from […]

Russia eases forex sales requirements for contracts in roubles

The Russian government has softened requirements for mandatory sales of foreign currency for exporters if more than half of the value of their contracts is paid in roubles, according to a government decree. President Vladimir Putin signed the decree in October mandating the reintroduction of capital controls, affecting dozens of companies in the fuel, energy, metal, chemical, […]