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Pin to quick picksAminex Share News (AEX)

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Share Price: 1.65
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EARNINGS AND TRADING: Indus Gas full-year profit jumps 19%

Tue, 03rd Oct 2023 14:32

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

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VPC Specialty Lending Investments PLC - investor in asset-backed loans to businesses originated by non-bank lenders - Says net asset value per share at June 30 was 94.18 pence, down from 105.51p at June 30 the year prior. Says NAV total loss is 2.0%, swinging from a total return of 4.1% a year ago. Declares an interim dividend of 4.00p per share, unchanged from 2022. Looking ahead, VPC says it will keep shareholders up to date with the progress of its wind-down process, and to achieve realisations in a "timely and efficient manner".

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Indus Gas Ltd - oil and gas explorer and developer with assets in India - Says revenue increased 17% to USD63.0 million in the year ended March 31, from USD53.7 million a year ago. Adds that pretax profit rose 19% to USD54.9 million, from USD46.0 million in financial 2022. Declares no dividend for financial 2023, unchanged from a year ago. Says it expects further drilling success at both Pariwar and B&B, as well as progress in the commercialisation of its gas reserves.

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Aminex PLC - oil and gas investment company focused on Tanzania - Reports revenue increased to USD81,000 in the first half of 2023, up from USD26,000 the year before. Says pretax loss narrows to USD956,000, from USD1.3 million in 2022. Cahir Charles Santos says: "We are pleased to report that all activities on Ruvuma continue to progress under the efforts of the operator, ARA Petroleum Tanzania Limited. We look forward to receiving a revised CPR based on the high-quality data achieved from the acquisition of the Ruvuma 3D seismic survey that will permit a complete revision of gas reserve and resource potential."

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Alkemy Capital Investments PLC - London-based company focused on acquisitions in the mining and technology metals sectors - Says its subsidiary Tees Valley Lithium has received a joint funding package worth GBP613,000 alongside Weardale Lithium. Says GBP430,000 worth of the funding is from Innovate UK. It says the funding is intended to support innovation in the Net Zero innovation cluster in the Tees Valley, and is part of the UK government's levelling up goals. Says the two firms are looking to achieve synergies in the production and refining of lithium in North East England. Adds that it will pursue the funding for feasibility studies and the development of a battery supply chain hub. TVL Director Sam Quinn comments: "We are delighted to have received this grant from Innovate UK and look forward to our collaboration with Weardale as we seek to bring back high value manufacturing to the North East and help develop a potential UK-based supply chain for the lithium sector."

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Premier African Minerals Ltd - Africa-focused metals and mineral project developer - Says its Zulu Lithium plant has resumed operations following the completion of its new mill. Chief Executive George Roach says: "Subsequent to our update of 21 September 2023, I am pleased to confirm the plant at Zulu resumed operations with material fed through the newly installed and commissioned mill." Previously Premier African said the mill will support production of up to 1,000 tonnes of spodumene per month.

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Financials Acquisition Corp - Cayman Islands-based special purpose acquisition company focused on insurance technology - Reports that total income in the first half of the year rose to GBP3.0 million, up from GBP153,051 between August 31, 2021 and June 30, 2022. Says pretax loss widened to GBP11.6 million, from GBP7.3 million.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Dec 2018 11:37

Aminex Observes Gas At Surface At Kiliwani North Licence In Tanzania

LONDON (Alliance News) - Aminex PLC said Monday it has successfully carried out remediation work on the sub-surface safety valve of its Kiliwani North-1 well in Tanzania.The upstream oil is

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4 Oct 2018 10:35

Aminex, Solo Oil Up Stake In Kiliwani After Bounty Payment Default

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28 Sep 2018 16:33

Aminex Swings To Interim Loss As Revenue Hit By Lower Production

LONDON (Alliance News) - Aminex PLC on Friday said it swung to a loss in the first half of 2018 due to a decline in gas production.The oil & gas company said it swung to a pretax loss a

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29 Aug 2018 11:37

Aminex Eyeing Up 3D Seismic Data Purchase On Tanzania Concessions

LONDON (Alliance News) - Aminex PLC on Wednesday said it has identified areas on two concessions in Tanzania where it can buy 3D seismic data.The data purchase, covering parts of Kiliwani a

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29 Aug 2018 08:12

Solo Oil kicks off remediation work at Tanzanian interest

(Sharecast News) - London-listed forms Solo Oil and Aminex updated investors on their Tanzanian operations on Wednesday morning.

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23 Aug 2018 12:16

UPDATE: Aminex Evaluating Several Bids For Drill Rig At Chikumbi Well

LONDON (Alliance News) - Aminex PLC said Thursday it received "numerous bids" for a rig to drill its Chikumbi-1 well in Tanzania after completing a tender process.Aminex said it a

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23 Aug 2018 11:11

Aminex Evaluating Several Bids For Drill Rig At Chikumbi Well

LONDON (Alliance News) - Aminex PLC said Thursday it received "numerous bids" for a rig to drill its Chikumbi-1 well in Tanzania after completing a tender process.Aminex said it a

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16 Aug 2018 13:26

Aminex Non-Exec Keith Phair Becomes Interim Chairman

LONDON (Alliance News) - Oil and gas firm Aminex PLC confirmed Thursday current Non-Executive Director Keith Phair will become interim chairman at the end of August.In mid-July, Aminex the

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16 Aug 2018 10:27

Aminex founder Hall to leave chair at end of month

(Sharecast News) - Aminex confirmed on Thursday that Brian Hall would step down as chairman with effect from 31 August.

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27 Apr 2018 14:20

Aminex Narrows Pre-Tax Loss Despite Slow Down At Tanzanian Well

LONDON (Alliance News) - Africa-focused oil & gas company Aminex PLC said Friday its revenue increased by 34% in 2017.In 2017, revenue grew to USD6.63 million from USD4.93 million in At

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21 Mar 2018 15:46

Aminex In Farm-Out Talks With Eclipse Investments For Ntorya Area

LONDON (Alliance News) - Aminex PLC said on Wednesday that it is in talks with Zubair Corp's subsidiary Eclipse Investments LLC regarding a possible farm-out of part of in

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16 Feb 2017 08:11

Solo Oil Raises GBP2 Million For Ntorya Appraisal Well (ALLISS)

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21 Dec 2016 15:09

Aminex, Solo Oil Say Ntorya-2 Well Spud At Ruvuma Basin In Tanzania

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5 Dec 2016 09:23

Aminex And Solo Oil To Drill Ntorya-2 Well In Tanzania Before Year-End

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23 Sep 2016 07:02

Aminex, Solo Oil Secure Rig To Drill Ntorya-2 Before End Of 2016

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