Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAltyngold Share News (ALTN)

Share Price Information for Altyngold (ALTN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 125.00
Bid: 118.00
Ask: 129.00
Change: -3.50 (-2.72%)
Spread: 11.00 (9.322%)
Open: 125.00
High: 125.00
Low: 125.00
Prev. Close: 128.50
ALTN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS UPDATES: Fidelity Special NAV up; Ferro-Alloy loss widens

Fri, 28th Apr 2023 18:26

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

----------

Fidelity Special Values PLC - invests in "underappreciated" companies primarily listed in the UK - Net asset value per share at February 28 half-year end amounts to 308.56 pence, up 8.4% from 284.67p at end of August 2022. "UK equities advanced during the period despite an uncertain economic outlook. The positive performance was mostly driven by blue chip stocks, with the FTSE 100 Index reaching an all-time high in February 2023, surpassing its previous record from May 2018. However, returns from medium and smaller companies were more subdued and they continued to lag their larger counterparts," company says. Recommends 2.53p per share interim dividend, up 10% from prior year.

----------

Ferro-Alloy Resources Ltd - Balasausqandiq vanadium deposit in southern Kazakhstan - Revenue in 2022 rises 33% to USD6.3 million, from USD4.7 million in 2021. Pretax loss widens to GBP4.3 million from GBP2.8 million. "Although operations during the year were severely impacted by difficulties importing raw materials, the group has made significant progress with the development of the existing operation," Ferro-Alloy says. In addition, firm receives results from revised mineral resource estimate for ore body at Balasausqandiq deposit. Estimate includes indicated mineral resource of 32.9 million tonnes.

----------

Sylvania Platinum Ltd - South Africa-focused platinum miner - Net revenue in third quarter ended March 31 falls 28% annually to USD26.5 million from USD37.1 million. Net profit falls 55% to USD6.1 million from USD13.6 million. Says Sylvania Dump Operations produce 17,926 4E platinum group metals ounces in third quarter, down from 19,276 in second. Ups annual guidance to 72,000 to 74,000 4E PGM ounces amid "strong production to date".

----------

DG Innovate PLC - electric mobility and energy storage company - Reports revenue of GBP4.3 million in 2022, compared to none in 2021. Pretax loss widens to GBP7.9 million, from GBP700,138. Bottom-line hurt by GBP5.1 million worth of reverse acquisition expenses.

----------

AltynGold PLC - mining, exploration and development company, with assets in Kazakhstan - Revenue in 2022 rises 23% to USD62.0 million from USD50.3 million in 2021. Pretax profit, however, falls 27% to USD13.4 million from USD19.3 million. Administrative expenses rise 67% to USD8.6 million. Results for 2022 are so far unaudited. Company says unable to publish full audited report by April 30 deadline. Auditor PKF Littlejohn LLP requests additional time to complete audit. Shares will be suspended from Tuesday, but company expects to publish report a week from now.

----------

Impellam Group PLC - Luton, England-based staffing firm - Revenue in year ended December 30 increases 12% to GBP2.53 billion from GBP2.26 billion. Pretax profit doubles to GBP13.2 million from GBP5.6 million. Both measures include discontinued operations. Without these, pretax profit jumps 64% to GBP16.1 million from GBP9.8 million. Revenue improves 23% to GBP1.95 billion from GBP1.58 billion.

----------

Non-Standard Finance PLC - Wakefield, West Yorkshire-based consumer lending firm - Revenue in 2022 declines by 25% to GBP98.3 million from GBP131.4 million in 2021. Pretax loss widens to GBP56.4 million from GBP29.6 million. "The group continued to face significant regulatory and financial challenges in 2022, many of which have continued into 2023," Non-Standard says. Net loan book reduced to GBP177 million from GBP208 million, due to administration of the home credit division. "Despite the ongoing uncertain macroeconomic and regulatory environment, the net loan book of the branch-based lending division increased by 6% from GBP157.2 million to GBP167.0 million," company adds. In addition, company says a court grants an order allowing Everyday Lending Ltd to meet with creditors to vote on a scheme of arrangement. The meeting is expected to take place on June 12. Under scheme, announced last month, GBP14 million will be available for payment to customers with valid redress claims.

----------

London & Associated Properties PLC - Investor in shopping centres and other retail properties - Net asset value per share at end of 2022 rises 9.7% to 38.14p from 34.78p. Like-for-like rental income improves 0.4%. "In the continuing difficult trading environment, this is considered positive," it says. Opts against recommencing dividend payments amid "current uncertain economic environment".

----------

World Chess PLC - London-based chess organisation seeking to promote "the mass market appeal of chess" - Revenue in 2022 falls 13% to EUR2.8 million from EUR3.2 million. Swings to pretax loss of EUR2.8 million from EUR5.5 million profit. "The past year has been an incredibly exciting and evolutionary time for the group as it prepared for the London Stock Exchange listing, while also adapting to the prolonged and ongoing impacts ensuing from Covid-19 and the Ukraine conflict. We remain confident that chess as a sport is continuing to grow and that World Chess will continue to facilitate and support this growth by bringing new and engaging products to the market," Chief Executive Officer Ilya Merenzon says.

----------

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
26 Apr 2024 20:59

EARNINGS AND TRADING: Aura confident in Tiris; Cindrigo enters Germany

(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:

Read more
17 Apr 2024 14:25

IN BRIEF: AltynGold shares up as processing plant progresses to plan

AltynGold PLC - London-based exploration and development company with assets in Kazakhstan - Announces expansion of processing plant at Sekisovskoye is progressing as scheduled. Notes that excess mined ore is being added to stock piles. Says infrastructure works are largely completed apart from the installation of the grinding mill. Expects operational start in the third quarter of 2024, which "will be a key milestone" in the company's development and growth strategy, it says.

Read more
12 Apr 2024 16:41

IN BRIEF: AltynGold contract in Kazakhstan extended by two years

AltynGold PLC - London-based exploration and development company - Reports its Teren-sai subsoil exploration contract, based in the Teren-sai deposit in Kazakhstan, has been granted an additional two-year term, to perform exploration works until March 2026. A competent persons report in 2019 estimated 1.5 million ounces of mineral resources in the area, confirmed by drilling. Says original exploration area consequently narrowed to specific target zones. Open-pit production will commence as soon as sufficient data from further exploration activities has been gathered.

Read more
28 Feb 2024 21:18

TRADING UPDATES: AltynGold revenue up on higher gold price

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

Read more
25 Oct 2023 21:55

TRADING UPDATES: Gran Tierra completes offers, Pensana wins grant

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

Read more
29 Sep 2023 17:14

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

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

Read more
19 Jun 2023 11:08

AltynGold gold grades down in first quarter despite production rise

(Alliance News) - AltynGold PLC on Monday said gold grades were down in the first quarter as revenue also fell.

Read more
17 Mar 2023 20:53

TRADING UPDATES: Petra Diamonds sells more diamonds amid price growth

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday, Augmentum Fintech and Tap Global on Monday, and not separately reported by Alliance News:

Read more
5 Dec 2022 11:17

AltynGold secures loan from Kazakh bank to expand mining capacity

(Alliance News) - AltynGold PLC on Monday announced that it has secured an additional credit line from JSC Bank CenterCredit, which will be used to increase production and processing capacity at its Sekisovskoye mine.

Read more
18 Nov 2022 07:56

IN BRIEF: AltynGold posts quarterly revenue fall due to low gold price

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - On November 10 says revenue falls 16% to USD14.7 million in the third quarter of 2022, from USD17.6 million in the second quarter. This is due to a lower average selling price of gold. Expects gold price to fluctuate around the current levels of around USD1,700 an ounce.

Read more
26 Sep 2022 20:22

TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

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

Read more
2 Aug 2022 08:32

IN BRIEF: AltynGold says on track for another strong year

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - On Monday says revenue up 22% to USD17.6 million in the second quarter of 2022 from USD14.4 million in the first quarter, on increased gold production and higher average selling price. Says mined ore production increases 6.3% to 142,937 tonnes from 134,461 tonnes a quarter ago, while milled ore production is up 2.5% to 155,168 tonnes from 151,431 tonnes.

Read more
26 Jul 2022 07:46

IN BRIEF: AltynGold agrees USD40 million bank loan for Sekisovskoye

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - Says application for an a total of USD40 million credit line from Kazakh Bank JSC has been approved. Says the loan is repayable in instalments over six and a half years, and has a 6% interest rate. AltynGold says it will be used to "expand the capacity of the processing plant to 1 [million tonnes per annum] in anticipation of the expected increase in mining production at Sekisovskoye."

Read more
27 Jun 2022 12:17

IN BRIEF: AltynGold annual revenue rises on increase in production

AltynGold PLC - London-based gold mining company with assets in Kazakhstan - Posts surge in profit in 2021. Pretax profit jumps to USD18.3 million from USD3.3 million in 2020. Revenue surges to USD50.3 million from USD30.0 million.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.