Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks88 Energy Share News (88E)

Share Price Information for 88 Energy (88E)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.16
Bid: 0.155
Ask: 0.165
Change: 0.00 (0.00%)
Spread: 0.01 (6.452%)
Open: 0.16
High: 0.16
Low: 0.16
Prev. Close: 0.16
88E Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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:

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

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.

----------

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
7 Jun 2021 14:34

IN BRIEF: 88 Energy completes deal for 50% Project Peregrine stake

IN BRIEF: 88 Energy completes deal for 50% Project Peregrine stake

Read more
2 Jun 2021 12:07

LONDON MARKET MIDDAY: Stocks lack direction as investors eye US jobs

LONDON MARKET MIDDAY: Stocks lack direction as investors eye US jobs

Read more
2 Jun 2021 11:39

AIM WINNERS & LOSERS: Maintel sinks after loss and pausing dividend

AIM WINNERS & LOSERS: Maintel sinks after loss and pausing dividend

Read more
2 Jun 2021 09:06

LONDON MARKET OPEN: Wizz Air warns extended curbs to threaten recovery

LONDON MARKET OPEN: Wizz Air warns extended curbs to threaten recovery

Read more
25 May 2021 19:40

TRADING UPDATES: Bank of Cyprus outlook hinges on tourism industry

TRADING UPDATES: Bank of Cyprus outlook hinges on tourism industry

Read more
4 May 2021 16:12

EXECUTIVE CHANGES: 88 Energy appoints new managing director

EXECUTIVE CHANGES: 88 Energy appoints new managing director

Read more
27 Apr 2021 14:33

88 Energy reports good progress on North Slope

(Sharecast News) - Alaska-focussed 88 Energy updated the market on operations on the state's North Slope on Tuesday, reporting that sidewall cores, mud gas and fluid samples taken from Merlin-1 were now being tested to determine oil saturation, oil typing, PVT characteristics, porosity, permeability and rock mechanics.

Read more
27 Apr 2021 11:44

88 Energy starts tests at Alaska well after "encouraging" map results

88 Energy starts tests at Alaska well after "encouraging" map results

Read more
27 Apr 2021 10:30

AIM WINNERS & LOSERS: Abingdon Health warns results to miss forecasts

AIM WINNERS & LOSERS: Abingdon Health warns results to miss forecasts

Read more
6 Apr 2021 11:24

AIM WINNERS & LOSERS: Kore Potash rises on plans for project financing

AIM WINNERS & LOSERS: Kore Potash rises on plans for project financing

Read more
6 Apr 2021 10:34

88 Energy shares plunge as Merlin-1 operational issues hinder sampling

88 Energy shares plunge as Merlin-1 operational issues hinder sampling

Read more
31 Mar 2021 11:48

IN BRIEF: 88 Energy completes Umiat purchase condition, shares soar

IN BRIEF: 88 Energy completes Umiat purchase condition, shares soar

Read more
31 Mar 2021 10:30

AIM WINNERS & LOSERS: Touchstone shares tumble on Chinook-1 results

AIM WINNERS & LOSERS: Touchstone shares tumble on Chinook-1 results

Read more
29 Mar 2021 21:37

IN BRIEF: 88 Energy data shows hydrocarbon potential at Merlin-1

IN BRIEF: 88 Energy data shows hydrocarbon potential at Merlin-1

Read more
22 Mar 2021 10:34

88 Energy kicks off drilling at Merlin-1; raises USD6.5 million

88 Energy kicks off drilling at Merlin-1; raises USD6.5 million

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.