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Pin to quick picksAnglo Asian Share News (AAZ)

Share Price Information for Anglo Asian (AAZ)

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Share Price: 68.50
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Change: 3.40 (5.35%)
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Open: 63.50
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UK EARNINGS SUMMARY: LoopUp Swings To Profit On Work-From-Home Boost

Wed, 23rd Sep 2020 14:02

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

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LoopUp Group PLC - London-based cloud communications provider - Swings to pretax profit of GBP7.8 million for six months to June 30 from a GBP478,000 loss. Revenue surges 43% to GBP31.9 million. First half performance driven primarily by the large-scale migration towards working from home due to Covid-19. Enters second half with major new customer wins set to roll out, a healthy new business pipeline, and a strong balance sheet. Cash of GBP8.3 million and net debt of GBP5.3 million at June 30.

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Ten Entertainment Group PLC - Bedford, England-based bowling centre operator - Swings to a pretax loss of GBP7.0 million in 26 weeks ended June 28 from GBP5.9 million profit a year before. Revenue almost halves to GBP22.5 million from GBP41.4 million. Recovered quickly from lockdown as restrictions were eased. All centres now are fully open. Trading has begun well at 83% of previous levels. Confident to return the business to growth.

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Sigma Capital Group PLC - Manchester, England-based private rented sector specialist - Pretax profit dives 77% to GBP980,000 for six months to June 30 from GBP4.3 million a year ago. Results reflect the impact of coronavirus pandemic and national 'lockdown', which resulted in suspension of construction and lettings activities from late-March to mid-May as well as ongoing restrictions. Revenue falls 14% to GBP5.0 million from GBP5.8 million. Coronavirus crisis is estimated to have reduced activity levels by 40% in first half. Rental performance across all portfolios robust and demand for new homes remains strong, with rental prices steady at pre-pandemic levels. Dividend expected to be proposed with results for the nine-month financial period ending September 30.

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Staffline Group PLC - Nottingham, England-based recruitment and training group - Promotes Non-Executive Director Albert Ellis to chief executive officer role, effective from the start of October. Executive Chair Ian Lawson to move to non-executive chair role on December 31. Posts widened pretax loss of GBP47.7 million for the six months to June 30 versus a GBP12.3 million loss in the prior year period. Revenue falls 17% to GBP434.9 million. Records non-cash impairment charge of GBP35.3 million and amortisation of intangibles of GBP4.8 million. Taking actions to alleviate the probable liquidity pressures in March 2021. Expects to perform in line with expectations for 2020 despite a challenging environment. On track to achieve a positive result for 2020 on an underlying operating profit basis across all three divisions.

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Xeros Technology Group PLC - Rotherham, South Yorkshire-based laundry and garment technology group - Pretax loss for the six months to June 30 narrows year-on-year to GBP3.5 million from GBP8.2 million as administrative cost cut by more than half, but revenue dives to GBP215,000 from GBP1.2 million. To consolidate shares to reduce number of shares in issue. Cash of GBP6.2 million at August 31 and cash burn rate down to less than GBP500,000 per month.

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Anglo Asian Mining PLC - gold, copper and silver producer in Azerbaijan - Pretax profit for six months to June 30 rises 15% year-on-year to USD11.8 million from USD10.3 million. Revenue rises 6% to USD45.8 million from USD43.3 million a year before. First half production falls year-on-year to 32,501 gold equivalent ounces from 39,905 ounces. Gold bullion sales 23,979 ounces, down from 26,589 ounces. Total 2020 production target maintained at between 75,000 and 80,000 gold equivalent ounces. Declares interim dividend of 4.5 US cents per share. To consider special dividend in first-quarter of 2021. Cash of USD29.2 million and no debt at June 30.

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Reabold Resources PLC - oil and gas investor focused on the UK, US and Romania - Pretax loss for the six months to June 30 narrows to GBP138,000 from GBP685,000 a year ago. Revenue rises 46% to GBP570,000 from GBP390,000. Cash and cash equivalents as at June 30 GBP5.5 million. Looks forward to an exciting 2020 and beyond.

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Dillistone Group PLC - Basingstoke, England-based recruitment software provider - Pretax loss for six months to June 30 narrows to GBP110,000 from GBP397,000 a year ago. Revenue declines 20% to GBP3.4 million from GBP4.2 million. Management of cost base and better operational performance led to a narrowed first half loss. Covid-19 will continue to impact revenue. Non-Executive Director Mike Love to retire from the board, in line with long-term plan. Cash balances of GBP1.7 million at June 30.

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Equals Group PLC - London-based payments group - Pretax loss for the six months to June 30 widens year-on-year to GBP3.3 million from GBP178,223. Revenue edges up to GBP13.8 million from GBP13.6 million. Cash GBP7.6 million as of Friday last week. Positive about future prospects and confident about the outlook for the group.

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Warpaint London PLC - Buckinghamshire, England-based colour cosmetics business - Sales reduced 29% to GBP13.5 million in the six months to June 30 from GBP18.9 million as a result of the Covid-19 restrictions in the UK and internationally. First half pretax loss widens year-on-year to GBP1.5 million from GBP210,000 on increased costs. Resumes dividend payments. Declares interim dividend of 2.8 pence per share and one-off additional 1.3p payout. Sales for second half recover after the Covid-19 lockdown. Predicts sales for 2020 of GBP37 million, which should generate adjusted profit from operations in excess of GBP2.0 million.

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Cloudcall Group PLC - cloud-based software business based in Leicester - Pretax loss for the six months to June 30 widens year-on-year to GBP2.6 million from GBP1.8 million. Revenue rises 11% to GBP5.8 million from GBP5.2 million. New sales bookings recovering after initial Covid-19 impact. Resilient trading continuing into second half, with performance since the end of the period in line with management expectations.

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Mission Group PLC - London-based marketing group - Swings to a pretax loss of GBP1.8 million for the six months to June 30 from GBP2.7 million profit. Turnover dives to GBP58.1 million from GBP82.3 million. Net debt reduced to GBP900,000 at June 30 from GBP5.1 million at December 31. Second half of the financial year has started well under the current trading circumstances, with the impact of COVID-19 on revenue easing. Expectations to report a profit for 2020 remain unchanged.

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Mobile Tornado Group PLC - Harrogate, North Yorkshire-based communications company - Pretax loss for six months to June 30 widens year-on-year to GBP835,000 from GBP691,000. Revenue falls 13% to GBP1.3 million from GBP1.5 million. Recurring revenue stream stable despite the highly uncertain global economic environment. Net debt of GBP8.2 million and cash of GBP450,000 at June 30.

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Creo Medical Group PLC - Chepstow, Wales-based medical device company - Pretax loss for six months to June-end widens year-on-year to GBP10.5 million from GBP9.3 million a year ago. Revenue plummets 69% to GBP2.4 million from GBP7.7 million. Strong balance sheet with cash and cash equivalents of GBP70.6 million at June 30. Sees limited long-term impact of Covid-19 on business.

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Allergy Therapeutics PLC - Worthing, West Sussex-based biotechnology company - Pretax profit for the financial year that ended June 30 nearly doubles to GBP8.1 million from GBP4.3 million due to lower research and development costs and revenue rise. Revenue up 6% to GBP78.2 million from GBP73.7 million. Outlook for financial 2021 hard to predict accurately due to Covid-19. Sales for financial 2021 expected to grow at a similar rate to 2020 due to the anticipated reduction of new patients. Research and development expenses anticipated to be 70% higher than in 2020 as research continues with Grass MATA MPL and peanut allergy candidate vaccine. Cash balance of GBP37.0 million at June 30.

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Trackwise Designs PLC - Gloucestershire, England-base printed circuit technology group - Swings to pretax profit of GBP788,000 for the six months to June 30 from GBP87,000 loss a year before. Revenue rises 54% to GBP2.4 million from GBP1.5 million. Trading performance impacted by Covid-19. Annual performance will reflect the difficult economic trading conditions, a EV manufacturing contract win, and progress in two other core target markets, medical and aerospace. Net cash of GBP1.6 million at June-end.

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Strix Group PLC - Isle of Man-based kettle safety controls manufacturer - Pretax profit for six months to June-end broadly flat at GBP7.5 million. Revenue falls 21% to GBP34.7 million. Administrative expenses decline to GBP3.9 million from GBP6.2 million. Sees record sales in third-quarter based on replenishment of pipeline stock and the normal seasonal uplift. Maintains interim dividend payment of 2.6 pence per share. Committed to delivering a full year dividend of 7.7p, in line with 2019.

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ECSC Group PLC - Bradford, West Yorkshire-based cyber security services provider - Pretax loss for six months to June 30 narrows to GBP340,000 from GBP558,000 a year ago. Revenue broadly flat at GBP2.6 million. Adjusted earnings before interest, tax, depreciation and amortisation of GBP52,000 versus GBP184,000 loss. Maintaining breakeven adjusted Ebitda position throughout Covid-19 crisis. Cash of GBP1.3 million at June 30.

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Aseana Properties Ltd - property developer with investments in Malaysia and Vietnam - Pretax loss for six months to June-end widens year-on-year to USD8.2 million from USD5.2 million. No revenue versus GBP5.7 million a year before. Net asset value USD0.50 per share at June 30 versus USD0.55 at December 31. First half results are reflective of the challenging market conditions resulting from Covid-19 and the actions taken by governments to contain the spread of the coronavirus.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
15 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Friday 16 June 
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Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
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North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
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Wednesday 21 June 
Argentex Group PLCAGM
Clean Power Hydrogen PLCAGM
Eqtec PLCAGM
Hydrogen Utopia International PLCAGM
HSS Hire Group PLCAGM
Intelligent Ultrasound Group PLCAGM
JD.com IncAGM
RTW Venture Fund LtdAGM
Schroders Capital Global Innovation Trust PLCAGM
Sivota PLCAGM
Numis Corp PLCGM re acquisition by Deuche Bank AG
THG PLCAGM
UK Commercial Property REIT LtdAGM
Thursday 22 June 
Alphawave IP Group PLCAGM
Angling Direct PLCAGM
Anglo Asian Mining PLCAGM
boohoo Group PLCAGM
Card Factory PLCAGM
Ergomed PLCAGM
Futura Medical PLCAGM
Good Energy Group PLCAGM
Grand Vision Media Holdings PLCAGM
Longboat Energy PLCAGM
MaxRets Ventures PLCAGM
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RBG Holdings PLCAGM
Sanderson Design Group PLCAGM
Team17 Group PLCAGM
Trellus Health PLCAGM
Whitbread PLCAGM

 

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31 May 2023 10:19

Anglo Asian hails extension to mineralisation at Gilar in Azerbaijan

(Alliance News) - Anglo Asian Mining PLC on Wednesday celebrated progress at one of its deposits in Azerbaijan, as drilling results confirmed an extension to previously reported mineralisation.

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16 May 2023 17:00

IN BRIEF: Anglo Asian Mining annual profit falls amid lower production

Anglo Asian Mining PLC - Azerbaijan-focused copper and gold producer - Reports a pretax profit of USD7.5 million in 2022, down 40% from USD12.6 million the year prior. Revenue in the year totals USD84.7 million, down 8.4% from USD92.5 million. Anglo Asian says the drop in revenue was due to lower production and lower gold grades of ore mined at Gedabek. Production totals 57,618 gold equivalent ounces. Gold production falls to 43,114 ounces from 48,680 ounces the year prior. Copper productions drops to 2,516 tonnes from 2,649 tonnes. Silver production, meanwhile, rises to 182,046 ounces from 154,515 ounces year-on-year. Gold bullion sales total 34,918 ounces at an average price of USD1,783 per ounces. This compared to 39,563 ounces at an average price of USD1,799 per ounce the year prior. Looking forward, total production for 2023 is expected between 50,000 to 54,000 gold equivalent ounces. Declares a final dividend of 4 US cents per share, maintaining the full-year payout at the same level as 2021.

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17 Apr 2023 16:34

TRADING UPDATES: Anglo Asian gold output down; Faron hails antibody

(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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30 Mar 2023 19:20

TRADING UPDATES: Centamin targets reduction in greenhouse gases

(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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27 Mar 2023 18:42

TRADING UPDATES: Sabien works with Empiric; Coro sells in Italy

(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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21 Mar 2023 20:18

TRADING UPDATES: React Group optimistic; Cindrigo inks financing

(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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16 Mar 2023 20:21

TRADING UPDATES: Highbridge delays liquidation; Phoenix finds silver

(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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16 Mar 2023 17:02

Anglo Asian completes initial study at Xarxar deposit

(Sharecast News) - Anglo Asian Mining, a gold, copper, and silver producer based in Azerbaijan, announced on Thursday that it has completed an initial geological block model and open pit optimisation study at the Xarxar deposit.

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13 Mar 2023 14:00

Anglo Asian Mining initial exploration indicates copper at Xarxar

(Alliance News) - Anglo Asian Mining PLC on Monday said it has identified significant copper mineralisation at its Xarxar contract area in Azerbaijan.

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13 Mar 2023 09:33

Anglo Asian Mining identifies 'significant' mineralisation at Xarxar asset

(Sharecast News) - Gold and copper producer Anglo Asian Mining said "significant copper mineralisation" had been identified at its Xarxar asset in Azerbaijan.

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9 Mar 2023 15:50

IN BRIEF: Anglo Asian Mining secures seven-year financing agreement

Anglo Asian Mining PLC - Azerbaijan-focused gold, copper and silver producer - Signs agreement for new AZN55 million, about USD32.3 million, revolving credit facility with the International Bank of Azerbaijan. Says the seven-year facility was entered into through Anglo Asian's wholly owned operating subsidiary, Azerbaijan International Mining Co. Adds that the facility will provide both additional finance and operational flexibility for its expansion plans.

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9 Mar 2023 14:00

Anglo Asian signs new credit facility with local bank

(Sharecast News) - Gold, copper and silver producer Anglo Asian Mining has signed a new revolving credit facility agreement with the International Bank of Azerbaijan, it announced on Thursday.

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23 Feb 2023 18:37

TRADING UPDATES: Anglo Asian eyes "pivotal" 2023, Cordel signs 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:

Read more
22 Feb 2023 13:54

Anglo Asian orders equipment for new mines on transition plans

(Alliance News) - Anglo Asian Mining PLC on Wednesday said that it has placed orders for the major items of equipment required for production from its new Zafar and Gilar mines.

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