BASE Bangkok 'Asia's Gym of the Year' Partners with Hyrox Fitness Race to Further Elevate Physical Training in Southeast Asia BANGKOK, March 4, 2024 /PRNewswire/ -- According to the T...
BASE Bangkok 'Asia's Gym of the Year' Partners with Hyrox Fitness Race to Further Elevate Physical Training in Southeast Asia
BANGKOK, March 4, 2024 /PRNewswire/ -- According to the Thai Mass Participation Sports Trade Association (TMPSA) over 1,500 mass participation sports such as marathons, off road races, and competitive fitness events took place in 2023. Based upon TMPSA's forecast, this figure is expected to grow by 25% in 2024. Pre-COVID mass participation sports contributed to roughly 200 billion Thai baht annually across sectors. Post-pandemic, the region is rapidly seeing a resurgence in terms of interest and participation in these types of events alongside the rise in sports related businesses, products, and services which correlates to peoples' growing interest in health and wellness.
BASE Bangkok, 'Asia's Gym of the Year', and multiple winner of 'Best Gym in Bangkok' by ClassPass exemplifies the modernized and fast growing trend of accessible fitness led by community support and technology. Renowned for their HIIT and strength training concept, BASE Bangkok takes the experience a step further with their proprietary BASELINE technology. This 'gamified' approach to fitness involves in-club stats displayed on screens and personalized fitness insights through their dedicated app where friends can also connect and support each other's progress.
Most recently, BASE Bangkok partnered up with Hyrox – a global fitness and racing competition which started in 2017 and has since seen a meteoric rise with 45 events scheduled across 16 countries/regions since their 2022 launch, including races in Singapore, Hong Kong, Taiwan and Korea, with plans to launch in Thailand soon. As a Hyrox partner, BASE Bangkok has launched Hyrox-specific programs and classes to help race participants to prepare and excel at the competition.
"Fitness events are on the rise and joining a race or challenge is a motivating goal for people of all levels," said Jack Thomas, Founder and CEO of BASE, "One of our core values at BASE is providing an environment that is accessible and fun so partnering with Hyrox is a logical step as we both share this approach."
"Hyrox is proud to partner with BASE Bangkok. We see a lot of future growth opportunities in Southeast Asia for our brand and in particular within Thailand. Collaborating with a top fitness studio like BASE Bangkok will only help accelerate our growth and awareness", said Richard Cowley APAC Director of Hyrox.
The BASE Studios and training grounds are located in Bangkok's prime neighborhoods of Thonglor, Sathorn, Langsuan, and the newly launched Amarin branch. The fitness studios have become a favorite among both Thais and expats, thanks to its world-class training delivered by top local and international coaches and welcoming inclusive community vibe.
For more information on Hyrox, visit hyrox.com
For all media assets such as additional photos [download here]
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HONG KONG, March 4, 2024 /PRNewswire/ -- DPC Dash Ltd ("DPC Dash" or the "Company", together with its subsidiaries, the "Group") (1405.HK), Domino's Pizza's exclusive mas...
Cision | Mon, Mar 04 2024 11:00 AM AEDT
HONG KONG, March 4, 2024 /PRNewswire/ -- DPC Dash Ltd ("DPC Dash" or the "Company", together with its subsidiaries, the "Group") (1405.HK), Domino's Pizza's exclusive master franchisee in the China Mainland, the Hong Kong Special Administrative Region of China, and the Macau Special Administrative Region of China, today announced a profit alert for the year ended December 31, 2023 ("FY2023").
Based on the preliminary assessment of its unaudited consolidated management accounts of the Group for FY2023 (the "Management Accounts") and other relevant information currently available to the board of directors of the Company (the "Board"), the Group anticipates total revenues of no less than RMB3 billion for FY2023, compared to approximately RMB2.02 billion for the year ended December 31, 2022 ("FY2022"), representing year-over-year growth of no less than 48%; the Group expects to record a net loss of no higher than RMB29 million for FY2023, compared to RMB222.6 million for FY2022; the Group expects to record an Adjusted Net Profit (non-IFRS measure)1 of no less than RMB8 million, compared with an Adjusted Net Loss (non-IFRS measure) of approximately RMB113.8 million for FY2022.
The Board believes the anticipated strength of the Group's FY2023 operating results was mainly attributable to:
Ms. Aileen Wang, CEO & Executive Director of DPC Dash, commented, "We are pleased to announce robust anticipated preliminary financial results for FY2023, with expected total revenues of no less than RMB3.00 billion and an expected Adjusted Net Profit of no less than RMB8 million. This solid performance reflects the successful strategic expansion of our store network, the strong performance of our existing stores and new growth markets, and our dedication to continuously optimizing our operational efficiencies. We are immensely proud of our team's efforts and confident that our strategic initiatives will drive our long-term growth and profitability."
As at the date of this press release, the Company is still in the process of finalizing the annual results of the Group for FY2023. The information contained in this press release is therefore only based on a preliminary assessment of the Management Accounts and other relevant information currently available to the Board. Such Management Accounts have neither been confirmed nor audited by the Company's independent auditor, nor reviewed by the audit committee of the Company and are subject to finalization and necessary adjustments (if any). As such, the actual annual results of the Group for FY2023 may be different from the disclosure in this press release. Shareholders and potential investors are therefore advised to read carefully the annual results announcement of the Company for FY2023, which is expected to be published before the end of March 2024.
Non-IFRS Financial Measures
In evaluating its business, the Group uses non-IFRS measures such as Adjusted Net Profit/(Loss) as additional financial measures, which are not required by, or presented in accordance with, IFRS. The Group believes that these non-IFRS measures facilitate comparisons of operating performance from period to period and company to company. The Group believes that these measures provide useful information to investors and others in understanding and evaluating the Group's results of operations in the same manner as they help the Group's management.
The Group defines Adjusted Net Profit/(Loss) as profit/(loss) for the year and adding back fair value change of financial liabilities at fair value through profit or loss, share-based compensation and listing expenses. Such non-IFRS financial measure enables the assessment of the Group's operating results without considering the impacts of the aforementioned non-cash items and one-off items that the Group does not consider to be indicative of the Group's operating performance in the future.
The Group's presentation of Adjusted Net Profit/(Loss) (non-IFRS measure), however, may not be comparable to similarly titled measures presented by other companies. The use of such non-IFRS measure has limitations as an analytical tool, and Shareholders and potential investors should not consider it in isolation from, or as substitute for analysis of, the Group's results of operations or financial condition as reported under IFRS.
Certain statements in this document and/or the Announcement are forward-looking statements that are, by their nature, subject to significant risks and uncertainties. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events, or performance (often, but not always, through the use of words or phrases such as "will", "expect", "anticipate", "estimate", "believe", "going forward", "ought to", "may", "seek", "should", "intend", "plan", "projection", "could", "vision", "goals", "aim", "aspire", "objective", "target", "schedules", and "outlook") are not historical facts, are forward-looking and may involve estimates and assumptions and are subject to risks (including but not limited to the risk factors detailed in this document and/or the Announcement), uncertainties and other factors some of which are beyond the Company's control and which are difficult to predict. Accordingly, these factors could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company's forward-looking statements have been based on assumptions and factors concerning future events that may prove to be inaccurate. Those assumptions and factors are based on information currently available to the Company about the businesses that it operates. The risks, uncertainties and other factors, many of which are beyond the Company's control, that could influence actual results include, but are not limited to: the Company's operations and business prospects; its business and operating strategies and ability to implement such strategies; its ability to develop and manage its operations and business; its ability to control costs and expenses; its ability to identify and satisfy customer demands and preferences; the actions and developments of its competitors; general economic, political and business conditions in the markets in which it operates; and changes to regulatory and operating conditions in the industry and geographical markets in which it operates.
Since actual results or outcomes could differ materially from those expressed in any forward-looking statements, the Company strongly cautions investors against placing undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited or under applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. Statements of, or references to, the Company's intentions or those of any of its Directors are made as of the date of this document and/or the Announcement (as applicable). Any such intentions may change in light of future developments.
The Company's shareholders and potential investors are advised not to place undue reliance on the forward-looking statements and to exercise caution in dealing in securities in the Company.
About DPC Dash
DPC Dash is Domino's Pizza's exclusive master franchisee in the China mainland, the Hong Kong Special Administrative Region of China and the Macau Special Administrative Region of China. Domino's Pizza, Inc., DPC Dash's global franchisor, is one of the most widely-recognized global consumer brands and the world's largest pizza company. Led by a seasoned and visionary management team, DPC Dash is a market leader that differentiates from competitors with, among others, a continually developed and localized pizza-focused menu, unique expertise and leadership in delivery, technology focus and scalable and replicable store economic model.
DPC Dash Ltd directly operates 800 stores across 29 cities in mainland China as of 31 January, 2024. The Company is the fastest growing among China's top-five pizza brands, as well as the third-largest in terms of 2022 revenue, according to a report by Frost & Sullivan in March 2023.
For more information, please visit www.dpcdash.com
For official company announcements, please visit www.hkexnews.hk
DPC Dash Ltd Investor Relations:
DPC Dash Ltd
DPC Dash Ltd Media Relations:
 The Company defines "Adjusted Net Profit/(Loss)", a non-International Financial Reporting Standards ("IFRS") measure, as profit/(loss) for the year and adding back fair value change of financial liabilities at fair value through profit or loss, share-based compensation and listing expenses.
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WILMINGTON, DE, UNITED STATES, March 1, 2024 /EINPresswire.com/ -- The lease management industry was valued at $4.6 billion in 2021, and is estimated to reach $9 billion by 2031, growing at a CAGR of...
EIN Presswire | Fri, Mar 01 2024 06:09 PM AEDT
WILMINGTON, DE, UNITED STATES, March 1, 2024 /EINPresswire.com/ -- The lease management industry was valued at $4.6 billion in 2021, and is estimated to reach $9 billion by 2031, growing at a CAGR of 6.9% from 2022 to 2031.
The rise in demand for secured transactions, growth in cyber security, and advancements in IT sectors have led to an increase in the demand for lease management, contributing to the lease management market growth in the upcoming years. Lease management minimizes the complexities involved in managing real estate leases with ease of data tracking, maintenance monitoring, property management, and others.
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Lease management plays a crucial role in the efficient operation of organizations' real estate portfolios, encompassing various administrative tasks and processes. As the market continues to evolve, emerging technologies like the Internet of Things (IoT) are poised to revolutionize lease management practices. IoT sensors can automate the collection of lease data, streamlining tasks such as lease audits, review & abstracting, and accounting & processing. By automating these processes, organizations can reduce manual effort and improve operational efficiency.
IoT-enabled sensors can monitor property conditions in real-time, allowing for proactive maintenance and repairs. This ensures that properties are well-maintained and minimizes disruptions for tenants. By optimizing maintenance schedules and reducing the risk of equipment failure, IoT technology can lead to cost savings for organizations. This includes savings on repairs & maintenance expenses and improved lease negotiation through accurate occupancy cost analysis. IoT devices provide real-time data on property conditions, occupancy rates, and energy usage. This data can be leveraged to generate accurate reports and analytics, enabling better decision-making for lease management.
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The adoption of IoT in lease management extends beyond traditional sectors like real estate to industries such as manufacturing and retail. IoT-enabled solutions can optimize space utilization, improve energy efficiency, and enhance tenant experiences across various sectors. The growing popularity and adoption of IoT technology are expected to drive significant market growth in the lease management industry. As IoT solutions become more sophisticated and widely adopted, they will play an increasingly integral role in lease management practices worldwide.
IoT technology holds immense potential to transform lease management practices, offering streamlined processes, enhanced maintenance capabilities, cost savings, and improved data accuracy. As organizations continue to embrace IoT solutions, the lease management market is poised for substantial growth, with IoT-driven innovations driving efficiency and effectiveness in managing real estate portfolios.
The global lease management market is segmented based on component, deployment mode, enterprise size, end-use industry, and region. By component, the market is sub-segmented into solutions and services. By deployment, the market is classified into on-premise and cloud. By enterprise size, the market is classified into large enterprises and small & medium enterprises. By end-use industry, the market is classified into retail, education, government, manufacturing, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the lease management market report include Lease Accelerator, Inc, CoStar Group, FORTUNE Media IP Limited, Trimble Inc., Nakisa, RealPage, Inc., Oracle Corporation, IBM, Innolux Corporation, SAP.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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