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Share Price: 2.90
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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.

More News
2 Sep 2022 13:35

IN BRIEF: Ariana Resources provides GBP500,000 loan for Apliki project

Ariana Resources PLC - exploration firm with interests in Turkey, Cyprus and Kosovo - Provides convertible loan to Venus Minerals Ltd of GBP500,000 with a 10% coupon. Says loan will be used to progress the Apliki copper project in Cyprus. The firm recently provided an updated mineral resource estimate for the project. Venus holds management control of the project.

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18 Aug 2022 11:51

IN BRIEF: Ariana Resources shares rise with upgraded resource estimate

Ariana Resources PLC - exploration firm with interests in Turkey - Says the updated mineral resource estimate for its Apliki copper project in Cyprus shows a global measured, indicated, and inferred resource of roughly 17 million tonnes at a grade of 0.3% to 0.7% copper. Says the project represents a developed open-pit with significant unmined resources available for modern extraction.

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3 Aug 2022 15:57

TRADING UPDATES: Ensilica expects annual profit ahead of expectations

(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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26 Jul 2022 14:47

IN BRIEF: Ariana Resources expands exploration footprint in Kosovo

Ariana Resources PLC - gold producer in Turkey and explorer Kosovo and Cyprus - Says 75%-owned Western Tethyan Resources Ltd is granted a further exploration license in Kosovo. The new Hertica license covers 58 square kilometres in north east Kosovo. It is prospective for copper and gold. Notes that Western Tethyan Resources has three other license applications in Kosovo awaiting approval by the Independent Commission for Mines & Minerals.

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29 Jun 2022 12:45

IN BRIEF: Ariana Resources annual profit gets boost from disposals

Ariana Resources PLC - exploration firm with interests in Turkey - Posts a pretax profit of GBP7.7 million in 2021, up 51% from GBP5.1 million the previous year. Company says the main driver of this increase was the partial disposal of its interest in Turkey in February. Ariana reduced its 50% interest in the Kiziltepe mine and 100% interest in the Salinbas project to a collective 24%. Looking forward, company aims to advance its long-term interest in south-eastern Europe and to start investing in "high-impact early-stage exploration opportunities".

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23 Jun 2022 21:28

TRADING UPDATES: FirstGroup extends takeover date; Tasty repays debt

(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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23 Jun 2022 12:33

Ariana reports progress across its operations

(Sharecast News) - Europe-focussed gold explorer and developer Ariana Resources updated the market on its operations on Thursday, reporting that the Tavsan project development was being transitioned into the construction stage.

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16 Jun 2022 11:53

IN BRIEF: Ariana Resources seals 12 drill holes at Tavsan in Turkey

Ariana Resources PLC - exploration firm with interests in Turkey - Says it has completed 12 geotechnical drill-holes at the Tavsan gold project in Western Turkey. 96 new holes have been drilled within the mineral resource area. Results received include 55 holes which intercepted gold mineralisation. Ariana says the primary objective of the 2021/2022 drilling programme at Tavsan was to provide infill drilling data, primarily into the measured and indicated categories.

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3 May 2022 21:55

TRADING UPDATES: Vela, Standard Life Investments up portfolio value

(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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6 Apr 2022 12:22

IN BRIEF: Ariana Resources shares rise on progress at Tavsan mine

Ariana Resources PLC - exploration firm with interests in Turkey - Says its Tavsan gold and silver mine located in western Turkey is targeting production of up to 30,000 ounces of gold per annum over the next eight years. Notes it completed over 3,900 meters of resource drilling at Tavsan between December and March. To conduct a new mapping and exploration project at Tavsan to identify new zones of mineralisation.

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6 Apr 2022 11:33

Ariana reports progress at Tavsan gold and silver mine

(Sharecast News) - Exploration and development company Ariana Resources updated the market on the mine development programme underway at Tavsan on Wednesday.

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21 Mar 2022 19:11

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(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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17 Mar 2022 19:43

TRADING UPDATES: 4Global to top forecasts; Nanoco wins 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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17 Feb 2022 14:59

IN BRIEF: Ariana Resources shares rise with significant gold findings

Ariana Resources PLC - exploration firm with interests in Turkey - Says recent drilling results from the Klirou sector of its Magellan project in Cyprus confirmed the presence of "significant" gold.

Read more
17 Feb 2022 12:26

Ariana upbeat on drilling at Magellan Project

(Sharecast News) - Europe-focussed mineral exploration and development company Ariana Resources announced recent drilling results from the Klirou Sector of the Magellan Project on Thursday, which is wholly owned by Venus Minerals.

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