(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Numis Corp PLC - stockbroker and investment bank - Says third quarter ended June 30 was "strong", with revenue topping GBP50 million. "Whilst slightly lower than the H1 run rate, this represented an improved performance on the comparative quarter in FY20 which featured much of the Covid-related deal activity," Numis adds. Numis notes "strong contribution from IPOs" in third quarter but adds M&A advisory business has also performed well. "Whilst we expect deal volumes to reduce over the summer in line with the typical seasonal trend, the pipeline for the remainder of the year, and into next, remains very strong," Numis adds. It expects a "record performance" for full-year.
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Cora Gold Ltd - West Africa-focused gold explorer - Reports "further high grade" results from exploration at Sanankoro gold project in Mali. Says Zone A of asset "continue to reinforce the excellent grade of oxide ore from surface". "We are now moving into the final phases of the drill programme," Chief Executive Officer Bert Monro says.
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88 Energy Ltd - Alaska-focused oil exploration & appraisal company - Says geochemical analysis of fluid extracts from Merlin-1 samples again show presence of hydrocarbons in the Alaska-located mine. "Five of these thirteen trims confirmed the presence of hydrocarbons. This is in addition to the presence of hydrocarbons being confirmed in two of the first five trim results previously received," 88 adds.
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Anglo Asian Mining PLC - gold, copper and silver producer operating in Azerbaijan - Gold equivalent output in second quarter improves 17% year-on-year to 16,740 ounces from 14,301 ounces. Gold output alone up 2.6% to 12,342 ounces from 12,035 ounces. Copper production rises 7.3% to 695 tonnes from 648 tonnes. Anglo Asian affirms annual forecast of 64,000 to 72,000 ounces of gold equivalent output.
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Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - Gold in concentrate output in second quarter more than doubles annually to 4,080 ounces from 1,237 ounces. Silver production rises 17% to 81,098 ounces, zinc improves 38% to 11,645 ounces from 8,431 ounces. Griffin notes quarter is traditionally its weakest due to Chinese New Year.
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Beowulf Mining PLC - exploration and development of gold, copper, lead and zinc - Awards deal to Carci Mining Consultants Ltd to perform mining study at Kallak, Sweden for the purpose of developing open put design and mining schedule at iron ore asset. Notes on July 9, Swedish Prime Minister Stefan Lofven reformed a government and will continue in office, following vote of no confidence in June. Ibrahim Baylan, Sweden minister of Enterprise & Innovation, remains in position, Beowulf says. "During the last few months, Minister Baylan has said that a decision on Kallak will be made once Unesco comments are received," company adds.
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Star Phoenix Group Ltd - oilfield services in Trinidad and oil and gas interest in Indonesia - Commences arbitration proceedings against LandOcean Energy Services Co Ltd as chases outstanding repayment. Star Phoenix after sums amounting to USD8.4 million. Notes further additional claims worth USD1.8 million that fall outside request. "The company is exploring options of bringing these claims separately in the courts of Trinidad & Tobago," Star Phoenix adds.
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Finsbury Food Group PLC - Cardiff-based cake and bread baker - Says revenue in year ended June 26 rose 2.3% to GBP313.3 million from GBP306.3 million, close to pre-Covid level of GBP315.3 million. Finsbury Food adds: "Revenue in the group's core division, UK Bakery, increased 0.8% for the full year, driven by a strong second half with H2 revenues up 6.8% versus the prior year. The recovery of the group's foodservice business has continued although slower than expected due to ongoing Covid restrictions."
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DP Eurasia NV - master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - System sales in six months ended June 30 rise 58% to TRY1.05 billion, about GBP88.0 million, from TRY664.7 million. Notes "unprecedented" demand in Turkey, compared to weaker comparatives.
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Mission Group PLC - Devon-based creative and marketing technology agency - Expects revenue in six months ended June 30 to rise 8.6% to GBP31.6 million from GBP29.1 million a year prior. Also expects swing to headline operating profit of GBP2.0 million, following GBP1.8 million loss. "The group has a historic second half year weighting in profitability and it currently expects to be on track with full year expectations," Mission adds.
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Intelligent Ultrasound Group PLC - Cardiff, Wales-based artificial intelligence ultrasound software firm - Says revenue for six months to June 30 expected to rise 44% to GBP3.6 million from GBP2.5 million. "The expected increase of over 40% is mainly due to a strong recovery by the group's Simulation division, as well as a small contribution from the group's clinical AI division," company explains. Notes Simulation sales rise by nearly 50% to GBP2.8 million, from GBP1.9 million. Chief Executive Officer Stuart Gall hails "excellent start" to year".
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Science In Sport PLC - London-based sports nutrition products maker - Says revenue in six months to June rises 24% to GBP29.3 million from GBP23.6 million a year prior. Underlying earnings before interest, tax, depreciation and amortisation come in at GBP600,000, swinging from GBP200,000 loss in prior year. "The company's capital investment programme was accelerated, with GBP2.7 million expended in the first half, compared to GBP900,000 in the same period last year," company adds. Also notes online sales "grew strongly", rising 44% to GBP15.7 million from GBP10.9 million a year earlier.
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Kanabo Group PLC - London-based medical cannabis company - Says medicinal cannabis cartridges to be available to UK patients shortly, under brand name Noidecs. Contents of cartridge can be inhaled using Kanabo's VapePod device.
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Portmeirion Group PLC - homewares manufacturer based in Staffordshire, England - Says sales in six months to June 30 rise 34% to GBP43.0 million from GBP32.0 million. Company adds: "We were pleased to see sales growth across our three biggest geographical markets of the UK, USA and South Korea compared to H1 2020. We have also continued to see strong sales growth in online channels in our major markets." Confirms plans to resume dividend payments.
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7digital Group PLC - London-based music licensing provider - Signs extended pact with unnamed "global technology company customer". The customer will use 7Digital's platform to access music catalogue. CEO Paul Langworthy adds: "Following a successful initial term, we are delighted to be expanding our contract with this global technology company on an extended term. This is a major validation of the global scale and reach of our platform, which makes it easy for brands and enterprises to deliver music anywhere in the world to millions of users and is helping to drive growth in the industry. Additionally, the longer-term contract provides us with improved revenue visibility going forward and contributes towards achieving positive Ebitda for the full year."
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By Eric Cunha; ericcunha@alliancenews.com
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