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Pin to quick picks88 Energy Share News (88E)

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EARNINGS UPDATES: Woodbois reports narrowed loss; Goodwin profit rises

Wed, 11th Aug 2021 17:29

(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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Woodbois Ltd - forestry and timber trading company focussed on Africa - Reports revenue of USD8.2 million for the six months to June 30, up from USD8.6 million posted a year earlier. The company explained that the decline was due to Covid-19 related disruption in global freight shipping sector. Pretax loss narrowed in the half-year to USD980,000 from USD4.3 million year-on-year, as operating costs reduced to USD1.5 million from USD2.3 million. In addition, finance costs reduced to USD654,000 from USD2.4 million a year ago.

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Goodwin PLC - Stoke-on-Trent, England-based engineering company - Says pretax profit for the twelve month ended April 30, was GBP16.5 million, an increase of 36% year-on-year, on revenue of GBP131 million, down from GBP145 million in financial 2020. Pretax profit rose on the back of lower cost of sales, which fell to GBP92.2 million from GBP109.7 million year-on-year. The company proposes an increased dividend of 102.24p versus 81.71p per share the year before.

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Hostelworld Group PLC - Dublin-based online booking platform - Reports net revenue of EUR2.9 million in the first half of 2021, a decline of 76% on a prior year. Net bookings decline of 73% was recorded in half year. Net booking volume was down to 300,000 from 1.1 million year-on-year, with cancellations at EUR800,000 versus EUR5.4 million in the first half of 2020. Net average booking value totalled EUR11.72 in the half-year, up from EUR9.45 a year ago, reflecting favourable geographic mix, and higher number of bed nights per booking. Pretax loss widens slightly, to EUR20.7 million from EUR18.8 million in the first half of 2020.

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Yourgene Health PLC - Manchester, England-based diagnostics products firm - Says revenue for the financial year to March 31 increased 10% to GBP18.3 million, with Covid-related revenue and strong European NIPT growth offsetting international pandemic headwinds. Total comprehensive loss widened to GBP12.2 million from GBP2.3 million, reflecting a goodwill impairment charge arising from pandemic-related challenges in Asian markets. Says, in the three months to June 30, revenue was over GBP6 million, up 80% on a prior year, driven by Covid-related services and product sales as the UK reopens.

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Condor Gold PLC - exploration and development company - Reports widened pretax loss for the six months to June 30 of GBP1.0 million versus GBP335,419 a year ago. The company records higher share-based payments, to GBP199,591 from GBP98,534 and administrative expenses were up to GBP814,269 from GBP735,676. In addition, there was a non-repeat of GBP477,616 gain recorded in the first half of 2020 on disposal of project. "Condor made significant advances during the 6-month period at the fully permitted La India project," notes Chair & Chief Executive Mark Child.

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Atalaya Mining PLC - Cyprus-based miner - Says it increased earnings before interest, tax, depreciation and amortisation to EUR99.4 million in the six months to June 30 from EUR22.1 million a year before. Cash flows from operating activities rose to EUR71.0 million from EUR23.0 million year-on-year as a result of robust operational performance at Proyecto Riotinto, combined with strong copper prices. Revenue in the half-year grew to EUR197.1 million from EUR117.7 million a year earlier, with pretax profit jumping to EUR43.9 million from EUR4.5 million.

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88 Energy Ltd - Alaska-focused oil exploration and appraisal company - Swings to profit of AUD445,446, about GBP236,967, in the six months to June 30 compared to AUD4.0 million loss posted a year ago. The profit was largely attributable to the sale of tax credits above their fair value. Income jumps to AUD4.3 million from AUD75,860 a year prior. Net assets totalled AUD94.5 million, up from AUD58.9 million at the end of 2020, with the significant increase in net assets being largely due to the repayment of debt and shares to be issued in relation to the APDC transaction which were classified as liability.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
10 Mar 2023 14:49

88 Energy starts drilling Hickory-1 exploration well

(Sharecast News) - 88 Energy announced on Friday that Nordic Calista's Rig-2 has started drilling the Hickory-1 exploration well at Project Phoenix, on the North Slope of Alaska.

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10 Mar 2023 09:55

IN BRIEF: 88 Energy jumps as drilling begins at Hickory-1 in Alaska

88 Energy Ltd - Alaska-focused oil exploration company - Begins the drilling of the Hickory-1 exploration well at Project Phoenix in Alaska. The well is designed to appraise up to six conventional reservoir targets and 647 million barrels of oil. It is permitted to a total depth of up to 12,500 feet. Hickory-1 is planned to be initially drilled to 3,500 feet, with surface casing installed and the blow-out preventer system tested. This is expected to take up to two weeks in total. Drilling to total depth is expected to take an additional two weeks. Flow testing at the well is planned to be undertaken during the 2023/2024 winter season, subject to well results.

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8 Mar 2023 15:52

88 Energy annual loss stretches on impairment expense

(Alliance News) - 88 Energy Limited said on Wednesday that it had suffered a significant loss in 2022 due to a one-off expense.

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28 Feb 2023 15:22

Alaska watchdog approves 88 Energy forming of Phoenix acreage unit

(Alliance News) - 88 Energy Ltd on Tuesday said the Alaskan Department of Natural Resources, Oil & Gas Division has approved the formation of the Toolik River Unit over the western and central Project Phoenix lease area.

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27 Feb 2023 21:24

IN BRIEF: 88 Energy nears completion with ice pad construction

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says its Hickory-1 ice pad construction in Alaska is nearing completion. Says that the pre-spud operations are on schedule and that the spud of the Hickory-1 well is on track for early March. Expects the mobilisation of Nordic Calista's Rig-2 to the Hickory-1 well location to start shortly.

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6 Feb 2023 12:08

88 Energy gets permit to drill permit for Hickory-1 well in Alaska

(Alliance News) - 88 Energy Ltd on Monday confirmed its permit to drill permit was approved for the Hickory-1 well and raised funds through the placing of 1.84 billion shares to support drilling.

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3 Feb 2023 17:05

LONDON MARKET CLOSE: FTSE 100 beats 2018 record to hit all-time high

(Alliance News) - The FTSE 100 closed at an all-time high on Friday, rounding off a busy week of central bank interest rate decisions on a positive note.

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3 Feb 2023 10:26

AIM WINNERS & LOSERS: 88 Energy surges; Petro Matad plans fundraise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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2 Feb 2023 10:18

AIM WINNERS & LOSERS: Immotion surges on Merlin deal, sale of division

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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25 Jan 2023 21:41

TRADING UPDATES: 88 Energy anticipates well spud; Tern sees progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
11 Nov 2022 15:24

TRADING UPDATES: De La Rue defends chair; Resolute Mining fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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4 Nov 2022 15:42

UK shareholder meetings calendar - next 7 days

Monday 7 November 
B90 Holdings PLCEGM director removal vote
Future Metals NLAGM
Tuesday 8 November 
DG Innovate PLCAGM
Frontier Developments PLCAGM
Wednesday 9 November 
Baker Steel Resources Trust LtdEGM
Essentra PLCAGM
Fundsmith Emerging Equities Trust PLCGM suspension and cancellation of listings
JPMorgan Emerging Markets Investment Trust PLCAGM
Hays PLCAGM
Mid Wynd International Investment Trust PLCAGM
Powerhouse Energy Group PLCAGM
Thursday 10 November 
ACP Energy PLCAGM
Alternative Income REIT PLCAGM
BHP Group LtdAGM
Ferro-Alloy Resources LtdAGM
London Finance & Investment Group PLCAGM
UIL LtdAGM
Friday 11 November 
88 Energy LtdGM proposed resolutions vote
Galliford Try Holdings PLCAGM
Ingenta PLCGM capital allocation
Redrow PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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24 Oct 2022 13:28

88 Energy says making progress towards drilling following estimates

(Alliance News) - 88 Energy Ltd on Monday said it was making progress at a number of its projects, including the Hickory-1 well at its Icewine site, following encouraging results from initial independent resource analysis.

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5 Sep 2022 15:46

88 Energy identifies Hickory-1 well site ready for 2023

(Alliance News) - 88 Energy Ltd on Monday said it has identified a potential location for its exploration well Hickory-1 in its project Icewine East leases.

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23 Aug 2022 18:13

IN BRIEF: 88 Energy updates resource estimate at Icewine East

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Provides an update for the prospective resource estimate for its Icewine East project. The project now has two independent estimates. On the Alaska North Slope at the project, the mean total unrisked gross prospective oil resource is 1,030 million stock tank barrels of oil. The mean unrisked net entitlement to 88 Energy at the Alaska North Slope is 647MMstb.

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