N'DJAMENA, March 29 (Reuters) - Chad's parliament on Wednesday approved a bill to nationalise oil assets and rights acquired last year by Savannah Energy from ExxonMobil's affiliate, Esso Exploration and Production Chad. In December, ExxonMobil closed the sale of its operations in Chad and Cameroon to Africa-focussed oil and gas producer Savannah Energy in a $407 million deal, but the Chadian government challenged the agreement. Out of 175 lawmakers present, 172 backed the law to nationalise the assets - a move Savannah vowed last week to contest.
Cintas Corporation (NASDAQ: CTAS) reported third-quarter FY23 sales growth of 11.7% year-on-year to $2.19 billion, beating the consensus of $2.15 billion. Organic revenue growth rate was 11.8% for the quarter. Gross margin expanded by 140 basis points Y/Y to 47.2% in the quarter. Selling and administrative expenses rose 19.7% to $587.2 million. Operating income increased 9.6% to $446.8 million, while the operating margin contracted by 40 basis points to 20.4%. EPS of $3.14 beat the analyst conse
It’s so easy to put the Dallas Mavericks’ struggles on Kyrie Irving. Irresistible, even.