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  • AstraZeneca rakes in $25.4 billion for the first 9 months of 2021

AstraZeneca rakes in $25.4 billion for the first 9 months of 2021

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(CNN Business) – AstraZeneca (AZN) has booked its first profit from sales of its Covid-19 vaccine.

The company sold $2.2 billion worth of the shot in the first nine months of the year. In the quarter ending September 30, the vaccine’s sales totalled $1.05 billion, contributing one cent to earnings per share.

Announcing its earnings on Friday, the UK’s largest pharmaceutical company said it expected to see modest profits from the vaccine in the final quarter of this year, as it gave guidance on the sales impact of its Covid-19 vaccine for the first time.

“The company is now expecting to progressively transition the vaccine to modest profitability as new orders are received,” it said.

The majority of vaccine sales between October and December this year were expected to come from existing supply agreements, the company said, adding that it also expected some new orders.

A company spokesperson confirmed that AstraZeneca would continue to fulfill existing orders to developing countries at no profit, as previously pledged.

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“We are still very much honoring our existing agreement with Oxford [University] and will continue to fulfill [those] orders at cost price,” she told CNN Business.

The company said that “the limited profit contribution from the vaccine” in the fourth quarter would offset costs related to a Covid-19 antibody combination drug it is trialling.
Sales of its Covid-19 vaccine contributed to a rise in AstraZeneca’s total revenues for the first nine months of the year, which were up by nearly a third to $25.4 billion.

It said the company and sub-licensing partners had released “more than 1.5 billion vaccine doses as of the 30 September 2021, for supply in over 170 countries.”

AstraZeneca’s overall operating profit for the year to date was down 63% from the same period in 2020 at $1.3 billion. Pretax profit slumped to $371 million from $2.75 billion the previous year.

According to the company, supplying the Covid-19 at no profit to AstraZeneca had contributed to a drop in core profit margin of six percentage points to 74.1%, alongside a rise in general expenses and research costs.

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]