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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
11 Aug 2022 12:32

88 Energy launches share placing to finance Icewine East well

(Alliance News) - 88 Energy Ltd on Thursday announced a share placing to raise funds for the development of its Icewine East well exploration project.

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10 Aug 2022 12:20

88 Energy shares fall on turn to vast interim loss on expensive wells

(Alliance News) - 88 Energy Ltd on Wednesday posted a large swing to an interim pretax loss as the multi-million dollar drilling of two wells proved costly.

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10 Aug 2022 11:08

AIM WINNERS & LOSERS: Westminster and Pelatro rise on contract wins

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

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27 Jun 2022 21:15

TRADING UPDATES: 88 signs license agreement; Lekoil litigates

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

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9 May 2022 20:24

IN BRIEF: 88 Energy third party evaluation of Icewine East complete

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says third-party evaluation of the Icewine East mapping is now complete after Jordan & Pay evaluated the Shelf Margin Delta, Slope Fan Set and Basin Floor Fan play fairways across the project Icewine acreage on Alaska's North Slope. 88 Energy says that the studies confirm preliminary analysis and along with recent mapping efforts will form the basis of an independent volumetric and risking certification, expected to be completed by mid-2022.

Read more
9 May 2022 16:04

UK shareholder meetings calendar - next 7 days

Tuesday 10 May 
Capita PLCAGM
Centamin PLCAGM
Direct Line Insurance Group PLCAGM
Doric Nimrod Air One LtdEGM re amending articles of incorporation
Gresham Technologies PLCAGM
HgCapital Trust PLCAGM
IWG PLCAGM
Just Group PLCAGM
Macfarlane Group PLCAGM
Temple Bar Investment Trust PLCAGM
Wednesday 11 May 
abrdn Asian Income Fund LtdAGM
Antofagasta PLCAGM
Capricorn Energy PLCAGM
Cenkos Securities PLCAGM
Clarkson PLCAGM
Conduit Holdings LtdAGM
Harbour Energy PLCAGM
Harbour Energy PLCGM re proposed capital reduction
Hostelworld Group PLCAGM
Impact Healthcare REIT PLCAGM
Jupiter Fund Management PLCAGM
LungLife AI IncAGM
MC Mining LtdEGM re director change
National Express Group PLCAGM
Rentokil Initial PLCAGM
Savills PLCAGM
Schroder Asian Total Return Investment Co PLCAGM
Spirax-Sarco Engineering PLCAGM
Spire Healthcare Group PLCAGM
Tasty PLCAGM
TClarke PLCAGM
TP ICAP Group PLCAGM
TransGlobe Energy CorpAGM
Tribal Group PLCAGM
Uniphar PLCAGM
Windward LtdAGM
Thursday 12 May 
Alfa Financial Software Holdings PLCAGM
Anglo Pacific Group PLCAGM
Baillie Gifford Shin Nippon PLCAGM
Balfour Beatty PLCAGM
BP PLCAGM
Bridgepoint Group PLCAGM
Cineworld Group PLCAGM
Circassia Group PLCAGM
ContourGlobal PLCAGM
ConvaTec Group PLCAGM
Empresaria Group PLCAGM
Eurocell PLCAGM
FBD Holdings PLCAGM
Genel Energy PLCAGM
Gresham House PLCAGM
Gym Group PLCAGM
Hiscox LtdAGM
Howden Joinery Group PLCAGM
Lloyds Banking Group PLCAGM
Logistics Development Group PLCAGM
Luceco PLCAGM
Michelmersh Brick Holdings PLCAGM
OSB Group PLCAGM
Quilter PLCGM re capital return proposal
Quilter PLCAGM
Quilter PLCGM re B share return
Rolls-Royce Holdings PLCAGM
Schiehallion Fund LtdAGM
Secure Trust Bank PLCAGM
Serinus Energy PLCAGM
Shefa Gems LTDAGM
SIG PLCAGM
Unbound Group PLCAGM
Unite Group PLCAGM
Friday 13 May 
Derwent London PLCAGM
Gresham House Energy Storage Fund PLCGM re amendments to investment policy
Metro Bank PLCAGM
TT Electronics PLCAGM
Vulcan Industries PLCAGM
Wheaton Precious Metals CorpAGM
Monday 16 May 
88 Energy LtdAGM
Allianz Technology Trust PLCAGM
Blackbird PLCAGM
BSF Enterprise PLCGM
Crossword Cybersecurity PLCAGM
DigitalBox PLCAGM
Ethernity Networks LtdAGM
Jubilee Metals Group PLCGM - re right of directors to allot equity securities for cash
Mast Energy Developments PLCAGM
Metal Tiger PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
8 Apr 2022 14:33

IN BRIEF: 88 Energy rises after positive mapping result at Icewine

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the completed third party preliminary mapping of the Shelf Margin Delta play, where its "neighbour" Pantheon Resource has had success in recent months, indicates that all play fairways extend into its Icewine project. Says that Pantheon confirmed reservoir deliverability of light, sweet oil, which is positive for the prospectivity of the adjacent Icewine acreage. Says the completion of the independent resource update for project Icewine is scheduled for the second quarter.

Read more
8 Apr 2022 10:07

88 Energy upbeat on recent adjacent drilling near Icewine

(Sharecast News) - Alaska-focussed 88 Energy said on Friday that the ongoing assessment of play fairways onto its Project Icewine acreage, where it holds a 75% working interest, was progressing as planned.

Read more
23 Mar 2022 20:53

TRADING UPDATES: Arecor Therapeutics wins patent approval in US

(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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18 Mar 2022 15:55

88 Energy posts multiplied revenue and narrowed loss in full year

(Alliance News) - 88 Energy Ltd said on Friday it had jumped closer towards profit as revenue soared in 2021.

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17 Mar 2022 14:38

IN BRIEF: 88 Energy shares rise as it drills Merlin-2 surface hole

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says it successfully drilled the Merlin-2 surface hole to 2,005 feet, installed and cemented the surface casting and tested the blowout preventer system.

Read more
8 Mar 2022 20:24

IN BRIEF: 88 Energy commences drilling of Merlin-2 appraisal well

88 Energy Ltd - Australia-based oil explorer in US state of Alaska - Says the Arctic Fox rig drilling the Merlin-2 appraisal well, located in project Peregrine in the NPR-A region of the North Slope of Alaska, has commenced. The Merlin-2 appraisal well is planned for a total depth of about 8,000 feet, and is targeting 652 million barrels of oil.

Read more
4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

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

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1 Mar 2022 20:32

TRADING UPDATES: Hutchmed in Macau boost; UP Global success in Germany

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

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21 Feb 2022 18:12

TRADING UPDATES: Panther Securities wins lease; NightCap opens new bar

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

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