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Pin to quick picksAltyngold Share News (ALTN)

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EARNINGS: St Mark Homes loss widens; abrdn Property maintains payout

Fri, 29th Sep 2023 17:14

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

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St Mark Homes PLC - London-based residential and mixed-use property developer - Reports no revenue in six months ended June 30, against GBP21,600 a year earlier. Pretax loss widens to GBP1.2 million from GBP170,503. Reports a GBP1.0 million share of operating loss in joint-venture, compared to a GBP11,498 profit a year earlier. "The construction industry is experiencing continuing supply chain delays and cost increases over recent times. Our projects have also been delayed as a consequence of subcontractor insolvency. This had a significant impact on progress on our Uxbridge Road and High Road Finchley projects," it adds.

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abrdn Property Income Trust Ltd - investing in a portfolio of UK commercial properties in the industrial, office, retail and other sectors - Net asset value per share at June 30 half-year end falls 1.2% to 83.8 pence from 84.8p at end of December. Reports net asset value total return of 1.2%, beating FTSE All-Share Real Estate Investment Trusts Index which falls 7.6%, but shy of FTSE All-Share Index which rises 2.6%. Maintains dividend at 2.00 pence per share. The company adds: "With a marginally positive total return during the six-months to 30 June 2023 we have seen the beginnings of a stabilisation in the UK property market. This remains a relatively fragile position, with inflation still running well ahead of UK government targets, and therefore the threat of further interest rate increases continues to linger."

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AltynGold PLC - mining, exploration and development company, with assets in Kazakhstan - Revenue in six months to June 30 declines 14% to USD27.7 million from USD32.1 million a year prior. Pretax profit drops 61% to USD4.5 million from USD11.6 million.

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Startup Giants PLC - invests in internet technology start-up businesses - Revenue in six months to June 30 declines 59% to GBP100,396 from GBP243,399 a year prior. Pretax profit, however, jumps GBP70,700 from GBP5,135. Gain on investments held at fair value totals GBP76,750, compared to no such gain a year prior.

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Marula Mining PLC - Africa-focused mining and development company - Pretax loss in half-year ended June 30 widens to GBP1.5 million from GBP169,000 a year prior. Operating expenses total GBP439,000, against none a year earlier. Administrative expenses jump to GBP983,000 from GBP169,000. Reports no revenue, unchanged on-year. Chief Executive Jason Brewer says: "The first half of the 2023 year has further demonstrated what Marula is capable of delivering, as demonstrated by the progress that has been made at the Blesberg lithium and Tantalum Mine and also at the Kinusi mine which has the potential to be our second producing asset by the end of the year. Our strategy is clear and it remains one of continuing to invest in rapid growth opportunities in the battery metals sector here in East and South Africa." On Thursday, Marula said it entered into a deal with Tanzanian mining company NyoriGreen Mining Ltd to secure a 75% interest in 10 granted graphite licences that form the NyoriGreen graphite project. An initial GBP125,000 worth of project acquisition costs will be met through issue of 1.0 million new shares at 12.5 pence each. Further share-based payments based on milestones, are also subject to deal.

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By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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17 May 2022 05:50

IN BRIEF: AltynGold ups quarterly revenue despite severe weather

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - Revenue in the first quarter of 2022 soars 43% to USD14.4 million from USD10.1 million the previous year. Despite severe weather conditions, company increases mining production by 2.1% to 134,461 tonnes from 131.733 tonnes and ores milled by 14% to 151,431 tonnes from 132,834 tonnes. Contained gold increases 18% to 8,841 ounces from 7,462 ounces. Average gold grade improves to 2.03 grams per tonne from 1.78 grams per tonne. Gold poured leaps 30% to 8,129 ounces from 6,272 ounces.

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31 Jan 2022 11:54

AltynGold notes record revenue in fourth quarter of 2021

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IN BRIEF: AltynGold sees revenue, output rise in third quarter

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AltynGold swings to profit as revenue doubles on mining success

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TRADING UPDATES: Sareum raises GBP1 million; Marlowe buys Core Stream

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SMALL-CAP WINNERS & LOSERS: UK FCA to oppose Amigo scheme's sanction

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TRADING UPDATES: Serabi Plots Fundraise; Panoply In GBP26 Million Buy

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AltynGold Revenue Doubles In Final Quarter As Maintenance Completed

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10 Dec 2020 06:56

IN BRIEF: AltynGold Changes Name And Hires Non-Executive Director

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9 Dec 2020 06:58

IN BRIEF: Altyn Reports Quarterly Revenue Rise On Higher Gold Prices

IN BRIEF: Altyn Reports Quarterly Revenue Rise On Higher Gold Prices

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8 Dec 2020 09:29

Gold output falls but revenue rises at Altyn

(Sharecast News) - Kazakhstan-focussed mining company Altyn poured 3,492 ounces of gold in its third quarter, it announced on Tuesday, yielding revenue of $6.31m.

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21 Oct 2020 16:04

IN BRIEF: Altyn Proposes Name Change And Share Consolidation

IN BRIEF: Altyn Proposes Name Change And Share Consolidation

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Altyn's Sekisovskoye Tailings Expansion Plans Progressing

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