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Pin to quick picksAriana Share News (AAU)

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UK EARNINGS SUMMARY: Everyman Hurt By Lockdown But Gets Tenet Boost

Wed, 30th Sep 2020 14:54

(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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Everyman Media Group PLC - London-based cinema group - Bruising Covid-19 lockdown sends revenue in six months to July 2 down 48% year-on-year to GBP15.0 million from GBP28.9 million. Swings to pretax loss of GBP13.8 million from GBP445,000 profit. Current estate of 35 sites now all reopened. Admissions since end of lockdown at roughly 40% of levels seen over same period of 2019. "The release of Tenet in August demonstrated continued demand for great content in a cinema setting, with Everyman achieving a 10% market share, and UK box office for the film in line with other similar releases pre-Covid-19," Everyman said.

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Ukrproduct Group Ltd - Ukrainian producer and distributor of dairy goods - Revenue in six months ended June 30 climbs 24% annually to GBP27.5 million from GBP22.2 million but revenue climb not enough to stave off loss. UKrproduct swings to pretax loss of GBP440,000 from GBP723,000 profit. Selling and distribution expenses rise 23% to GBP1.2 million. Also books foreign exchange loss of GBP673,000, swinging from GBP592,000 gain in year prior.

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BigDish PLC - Jersey-based reservations, delivery and pick up platform for restaurants - Sales income in year ended March falls 30% to GBP22.3 million from GBP32.0 million. Pretax loss narrows to GBP1.5 million from GBP4.1 million amid absence of GBP1.8 million impairments.

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Zoetic International PLC - London-based CBD company - Posts revenue of GBP92,606 in financial year that ended March 31, against none year before. Pretax loss widens to GBP1.8 million from GBP634,103 during transitional year from oil and gas firm to a consumer cannabidiol products company.

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Minds + Machines Group Ltd - internet domain firm - Revenue in six months to June 30 down 5.4% year-on-year to USD8.4 million from USD8.9 million. Pretax profit drops 30% to GBP1.2 million from GBP1.7 million a year prior.

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IDE Group Holdings PLC - IT services provider with offices in Croydon - Pretax loss in six months to June 30 widens annually to GBP3.8 million from GBP3.1 million. Revenue falls 16% year-on-year to GBP12.4 million from GBP14.7 million.

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Avingtrans PLC - Cambridgeshire-based provider of systems and services for energy, medical and industrial sectors - Revenue in year to May 31 climbs 9.5% to GBP113.9 million from GBP104.0 million. Pretax profit slips 3.5% to GBP3.0 million from GBP3.1 million. Distribution costs up 7.2% to GBP4.9 million and other administrative costs climb 16% to GBP22.6 million. Suspends dividend due to Covid-19 but plans to reinstate payouts for financial 2021.

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Air Partner PLC - aviation services provider based in West Sussex - Pretax profit in six months to July 31 surges to GBP8.9 million from GBP2.8 million a year earlier. Revenue up 16% to GBP36.6 million from GBP31.7 million. Interim payout trimmed by 56% to 0.80p from 1.80p.

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S&U PLC - Birmingham-based motor finance firm - Revenue in six months ended July 31 down 3.0% to GBP42.8 million from GBP44.2 million. Pretax profit down 63% to GBP6.3 million from GBP17.1 million. Interim dividend sliced by 35% to 22 pence from 34p. Adds Thomas Wheeler to board as executive director with immediate effect. Was formerly UK chief executive of Volkswagen Financial Services.

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Harvest Minerals Ltd - fertiliser producer and operator of Arapua project in Brazil - In six months ended December 31 narrows to GBP910,044 from GBP3.5 million in 12 months ended June 30, 2019. Harvest changed its year end date to December 31 back in October. Revenue over six months to December comes in at USD1.4 million, down 11% from USD1.6 million in year to June 2019. Also updates on more recent trading. In first quarter of 2020, 3,334 tonnes of remineraliser product sold, above the 3,000 tonnes forecast. Second quarter sales at 6,525 tonnes, down on 14,000 tonnes amid virus hit. Third quarter sales at 27,577 tonnes, missing 30,600 tonnes forecast.

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Ariana Resources PLC - mineral exploration and development company with interests in Turkey and Cyprus - Generates no revenue in six months to June 30, like year prior. Pretax profit falls 3.3% to GBP2.2 million from GBP2.3 million as share of profit from joint-venture slips 0.6% to GBP3.0 million. Expects annual Kiziltepe gold production forecast of 18,000 ounces to be met in fourth quarter.

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Bushveld Minerals Ltd - South Africa focused-vanadium producer - Revenue in six months to June 30 plunges 45% year-on-year to USD43.1 million from USD78.0 million. Swings to pretax loss of USD10.7 million from USD44.7 million profit a year earlier. Also reports it has entered into financing agreement with lender Orion Mine Finance of USD30 million, "primarily to finance its expansion plans at Vametco and debt repayment". Also agrees separate USD35 million convertible loan investment agreement. Orion will subscribe to a minimum of USD10 million of loan notes and maximum of USD20 million.

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Victoria Oil & Gas PLC - oil and gas producer with asset in Cameroon - Pretax loss in 2019 deepens to USD112.0 million from USD8.3 million in 2018. Books USD90.3 million in impairment of Logbaba, Cameroon tangible and intangible assets. Net revenue surges 93% to USD20.8 million from USD10.8 million.

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China Nonferrous Gold Ltd - gold producer with asset in Tajikistan - Revenue in first half ended June 30 climbs 17% year-on-year to USD24.3 million from USD20.9 million. Pretax loss narrows to USD6.9 million from USD9.3 million in year prior.

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Fox Marble Holdings PLC - marble quarrying firm focused on Kosovo and the Balkans - Posts results for both 2019 and first half of 2020. Revenue in 2019 stays broadly flat at EUR1.4 million, but pretax loss stretches to EUR2.5 million from EUR2.3 million. Fox Marble posts finance costs of EUR517,638, up sharply from EUR119,507. In six months to June 30, pretax loss narrows year-on-year to EUR799,000 from EUR834,000. Revenue slumps to EUR186,000 from EUR1.0 million a year before.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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9 May 2024 16:33

IN BRIEF: Ariana Resources gets Dokwe revised pre-feasibility study

Ariana Resources PLC - Precious metals exploration company focused on the Eurasian Tethyan metallogenic belt - Gets revised pre-feasibility study for the Dokwe project in Zimbabwe. Says Dokwe PFS shows post-tax net present value of USD160 million and a 13-year mine life at 60,000 ounces of gold per year. Dokwe project is part of Rockover acquisition, it adds. Managing Director Kerim Sener says: "This substantial update to the Dokwe Project PFS further underscores our assessment that the project represents a major value-accretive opportunity for the proposed enlarged Company once we complete our merger with Rockover. Notably, the revised PFS only includes the Dokwe North area and there is significant scope to enhance the economics further if Dokwe Central is included...We anticipate positive developments through further project optimisation studies of the Dokwe project, which require ongoing assessment, along with similar studies being undertaken across the rest of our project portfolio."

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TRADING UPDATES: Norcros sets out strategic aims; Synthomer seals sale

(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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1 May 2024 13:41

Ariana sets out fresh production guidance for Zenit

(Sharecast News) - Mineral explorer and developer Ariana Resources announced its production guidance for 2024 from its stake in the Zenit mining operations on Wednesday.

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Ariana Resources agrees all-share merger with Zimbabwe project owner

(Alliance News) - Ariana Resources PLC on Thursday said it has agreed to buy all of Rockover Holdings Ltd, the owner of the Dowke gold project in Zimbabwe.

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TRADING UPDATES: Develop North net asset value down amid rising rates

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

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12 Mar 2024 17:41

EARNINGS AND TRADING: Ariana strikes gold; Union Jack adds royalties

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

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12 Mar 2024 12:37

Ariana reports latest drilling results from Tavsan

(Sharecast News) - Mineral explorer and developer Ariana Resources unveiled the latest developments at its Tavsan Project on Tuesday, which it operates in partnership with Zenit, Proccea Construction and Ozaltin Holding, with Ariana holding a 23.5% stake.

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22 Feb 2024 16:10

Ariana posts positive drilling results from Kizilcukur

(Sharecast News) - Minerals explorer and developer Ariana Resources reported positive outcomes from its fourth quarter drilling initiative at the Kizilcukur Project in the Kiziltepe Sector on Thursday.

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22 Feb 2024 12:05

EARNINGS AND TRADING: Galliford wins deals; Sylvania profit down

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

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15 Feb 2024 14:22

IN BRIEF: Ariana Resources completes Dokwe due diligence drilling

Ariana Resources PLC - mineral explorer and developer with gold mining interests in Turkey, Cyprus and Kosovo - Anounces completion of 1,222 metres diamond drilling for due diligence purposes at Dokwe Gold Project in Zimbabwe. Says two holes have been drilled at Dokwe North and two at Dokwe Central. Consultant has commenced assessment of metallurgy and potential process routes. Company says mineralisation's geochemical characteristics are being defined through an "extensive" pXRF programme on old and new drill cores. Dokwe is owned by Rockover Holdings Ltd, of which Ariana owns approximately 2.1%. Ariana says the companies are in "exclusive discussions" regarding potential "further collaboration".

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15 Feb 2024 13:38

Ariana Resources reports progress at Zimbabwe's Dokwe project

(Sharecast News) - Mineral explorer and developer Ariana Resources updated the market on the ongoing due diligence programme concerning the Dokwe Gold Project in Zimbabwe on Thursday, owned by Rockover Holdings.

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31 Jan 2024 18:28

EARNINGS AND TRADING: STV raises holding in Two Cities Television

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

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17 Jan 2024 17:24

IN BRIEF: Ariana Resources production at Turkish mine beats forecasts

Ariana Resources PLC - mineral exploration and development company with gold mining interests in Turkey, Cyprus and Kosovo - Announces full-year production results for year ended December 31 for the Kiziltepe mine in Turkey. Kiziltepe is 24% owned by Ariana through its shareholding in Zenit Madencilik San ve Tic AS. Says Kiziltepe produced (and sold) a total of 17,683 ounces of gold during the year, including gold in carbon, exceeding full-year production guidance of 18,000 oz gold for 2023. Reports gross full-year revenue of USD39.2 million at an average realised gold price of USD1,945 per ounce, with an average revenue per gold ounce of USD2,218.

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17 Jan 2024 14:52

Ariana Resources reports solid year of production at Kiziltepe

(Sharecast News) - Mineral explorer and developer Ariana Resources released its full-year production results for the Kiziltepe Mine in Turkey on Wednesday in which it holds a 23.5% stake through its shareholding in Zenit.

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TRADING UPDATES: Guild Esports hails Counter-Strike-focused deal

(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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