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TRADING UPDATES: Science Group swings to profit, eEnergy revenue grows

Tue, 09th Mar 2021 17:07

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

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Science Group PLC - Cambridge-based scientific consultancy services firm - For 2020, swings to pretax profit of GBP6.4 million from loss of GBP1.6 million, on revenue that grew 29% year-on-year to record levels of GBP73.7 million from GBP57.2 million, driven by a full year contribution from Frontier Smart Technologies. Declares dividend of 4.0 pence per share. Remains optimistic on its continued progress in 2021, following a good start in spite of economic uncertainty.

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eEnergy Group PLC - energy efficiency services provider based in London - For the six months ended December 31, pretax loss narrows to GBP888,000 from GBP1.1 million the year before, as operating expenses more than doubled to GBP3.2 million from GBP1.5 million, including one-off reverse acquisition costs, while revenue more than tripled to GBP6.8 million from GBP2.0 million. Organic revenue more than doubled to GBP4.0 million. For the year ending June 30, expects to achieve a breakeven net income before exceptional items, with revenue and profit set to be in line with management expectations.

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Orchard Funding Group PLC - Luton-based finance company - For the six months ended January 31, pretax profit down 39% at GBP610,000 from GBP1.0 million, on revenue that declined 19% year-on-year to GBP2.3 million from GBP2.9 million. As at January 31, loan book drops to GBP27.9 million from GBP34.0 million the same date the year before, and lending volumes fell 21% to GBP30.0 million from GBP37.9 million.

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Greatland Gold PLC - precious and base metals exploration and development in Western Australia and Tasmania - For the six months ended December 31, pretax loss widens slightly to GBP2.7 million from GBP2.6 million the year before, on no revenue generated for the current period. During the period, the Haveieron project delivered an initial inferred mineral resources estimate of 52 million tonnes for 3.4 million ounces in gold, 160,000 tonnes of copper and 4.2 million gold equivalent.

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Headlam Group PLC - floor covering firm - For 2020, swings to statutory pretax loss of GBP17.1 million from profit of GBP35.2 million, due to most of its UK operations being closed as a result from late March to the end of June. In addition, there were goodwill impairment charges, mainly in relation to Domus, which suffered considerably from delays and cancellations to projects. In addition, revenue declined 15% year-on-year to GBP609.2 million from GBP719.2 million, following a much weaker first half and a second half recovery. Looking ahead, trading in first two months were soft as non-essential retail businesses remaining closed under lockdown. Plans to resume dividend payments in 2021.

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Brand Architekts Group PLC - Teddington, south west London-based personal care and beauty products - For the six months ended December 31, pretax profit rises to GBP435,000 from GBP302,000 for the 28 weeks ended January 11, 2020. Revenue for the period declined 15% year-on-year to GBP9.0 million from GBP10.6 million, as Covid-19 affected high street sales and consumer footfall. Declared no total dividend per share, down from 0.9 pence the prior year.

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Angus Energy PLC - UK-focused onshore oil and gas development company - For 2020, pretax loss narrows to GBP2.5 million from GBP5.0 million the year before, on smaller impairment charges and administrative costs, and in spite of a drop in revenue to GBP68,000 from GBP200,000. Looking ahead, Angus is planning for an extended well test at Balcombe and intends to resume production at Brockham and Lidsley.

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Gresham Technologies PLC - London-based software and services company - For 2020, pretax profit edges up at GBP308,000 from GBP303,000, while adjusted earnings before interest, tax, depreciation and amortisation rose 10% to GBP4.5 million from GBP4.1 million, due to a slight drop in administrative expenses. However, revenue dipped 1% year-on-year to GBP24.8 million from GBP25.0 million. Declares final dividend of 0.75 pence per share, in line with year before.

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Abingdon Health PLC - developer and manufacturer of rapid tests - For the six months ended December 31, pretax loss widens further to GBP1.6 million from GBP775,000 the year before, due to a sharp rise on the cost of sales and more than doubled administrative expenses. This was in spite of revenue rising significantly to GBP7.7 million from GBP1.6 million, driven mainly by its contract with the UK Department of Health & Social Care for the supply of AbC-19 Covid-19 rapid test. Looking ahead, the tier one order pipeline for the test continue to grow, giving confidence of Abingdon's performing in line with market expectations for the current financial year.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
22 Jul 2022 14:20

IN BRIEF: Angus Energy says progress continues at Saltfleetby field

Angus Energy PLC - oil and gas development company focused on UK assets - Says wellhead gas has been introduced into the first section of the facility at the wholly-owned Saltfleetby Gas Field in Lincolnshire, England. Adds that wellhead pressures remain high at 80+ bar. Angus says final commissioning of the compressor, electrical and instrument testing is due over the weekend and early next week, and first sales are planned for next week.

Read more
22 Jul 2022 13:49

Angus Energy nears first sales at Saltfleetby

(Sharecast News) - Angus Energy updated the market on progress at its wholly-owned Saltfleetby project on Friday, reporting that wellhead gas has been introduced into the system, with wellhead pressure remaining high at 80+ bar.

Read more
12 Jul 2022 14:42

IN BRIEF: Angus Energy raises GBP1 million; progresses at Saltfleetby

Angus Energy PLC - oil and gas development company focused on UK assets - Says it is making good progress with the testing and inspection of facilities at the wholly-owned Saltfleetby Gas Field in Lincolnshire, England. Adds that first production is expected during the third quarter of 2022 and is anticipated to "comfortably exceed" the hedge amount advised previously as 3.4 million therms for July to September.

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5 Jul 2022 14:40

IN BRIEF: Angus Energy's export line at Saltfleetby free of nitrogen

Angus Energy PLC - London-based oil & gas development company focused on UK assets - Confirms that a 5 mile export line to Theddlethorpe's National Grid Entry point is now free of nitrogen "and pressured up to 60 barg with grid specification gas."

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4 Jul 2022 13:35

IN BRIEF: Angus Energy raises GBP3 million via direct subscription

Angus Energy PLC - London-based oil & gas development company focused on UK assets - Raises GBP2 million via a subscription of 182.0 million shares, at 1.10 pence each, to a group of family offices and private investors led by Aleph International Holdings (UK) Ltd.

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30 Jun 2022 13:53

EARNINGS UPDATES: Kingswood revenue surges; Shield in loan 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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28 Jun 2022 14:34

IN BRIEF: Angus Energy shares up as Saltfleetby gas field commissioned

Angus Energy PLC - London-based oil and gas development company focused on UK assets - Concludes leak testing and starts to commission the Saltfleetby Gas Field in East Lincolnshire in the East Midlands. Expects the first gas sales between July 7 and July 12. "The hedged volume for July to September inclusive is for 3.4 million therms," it explains.

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10 Jun 2022 13:33

IN BRIEF: Angus Energy to start side-track at Saltfleetby in July

Angus Energy PLC - oil and gas development company focused on UK assets - Says it has concluded all preparatory risk assessment and planning for the upcoming side-track at Saltfleetby. It says contractors are working toward a target date for first flow of well-head gas through the plant during the week commencing June 20. The company says all the necessary equipment to export gas sales are on site. Commissioning specialists will continue with hydrotesting, nitrogen leak testing, final verification and function testing of all pressure equipment and finally live gas testing with well-head gas.

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10 Jun 2022 12:20

Angus Energy reports good progress at Saltfleetby

(Sharecast News) - Angus Energy updated the marker on commissioning progress at Saltfleetby on Friday, reporting that with all necessary equipment to export sales gas now on site, the process had been handed over to commissioning specialists.

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6 Jun 2022 15:58

UK shareholder meetings calendar - next 7 days

Tuesday 7 June  
Animalcare Group PLCAGM
Arix Bioscience PLCAGM
Centrica PLCAGM
Integrated Diagnostics Holdings PLCAGM
Kooth PLCAGM
Ondine Biomedical IncAGM
Osirium Technologies PLCAGM
SpaceandPeople PLCAGM
TruFin PLCAGM
Wednesday 8 June  
Ascent Resources PLCAGM
Cambridge Cognition Holdings PLCAGM
City Pub Group PLCAGM
DP Eurasia NVAGM
Gem Diamonds LtdAGM
Hiro Metaverse Acquisitions I SAAGM
Itaconix PLCAGM
M&G Credit Income Investment Trust PLCAGM
Nostrum Oil & Gas PLCAGM
Parity Group PLCAGM
Petards Group PLCAGM
Safestyle UK PLCAGM
Savannah Resources PLCAGM
Third Point Investors LtdAGM
Woodbois LtdAGM
Thursday 9 June 
4basebio PLCAGM
Northbridge Industrial Services PLCGM re name change to Crestchic
Funding Circle Holdings PLCAGM
Northbridge Industrial Services PLCAGM
Dignity PLCAGM
Corero Network Security PLCAGM
Kosmos Energy PLCAGM
Kistos PLCAGM
Tungsten Corp PLCGM re Kofax Offer
BioPharma Credit PLCAGM
Checkit PLCAGM
Panther Metals PLCAGM
Instem PLCAGM
Kore Potash PLCAGM
Rambler Metals & Mining PLCAGM
Xpediator PLCAGM
Round Hill Music Royalty Fund LtdAGM
REA Holdings PLCAGM
Invesco Perpetual UK Smaller Companies Investment Trust PLCAGM
BlackRock Smaller Companies Trust PLCAGM
Friday 10 June 
Chariot LtdAGM
MP Evans Group PLCAGM
THG PLCAGM
Ergomed PLCAGM
Ultra Electronics Holdings PLCAGM
XLMedia PLCAGM
Monday 13 June 
Angus Energy PLCGM re second tranche of subscription shares and warrants
Elixirr International PLCAGM
Ocean Outdoor LtdGM re takeover by Atairos Group Inc
Jupiter Emerging & Frontier Income Trust PLCGM re voluntary liquidation
Mirriad Advertising PLCAGM
Saga PLCAGM
Spectra Systems CorpAGM
VPC Speciality Lending Investments PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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1 Jun 2022 19:41

TRADING UPDATES: Indivior, Diurnal start trials; Alien Metals tests

(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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24 May 2022 14:43

IN BRIEF: Angus Energy to acquire joint venture partner Saltfleetby

Angus Energy PLC - UK-focused oil and gas development company - Signs a share purchase agreement to buy its current joint venture partner Saltfleetby Energy Ltd for up to GBP14.1 million. Saltfleetby currently owns a 49% working interest in the Saltfleetby project. Following the acquisition, the company would own a 100% working interest in and would continue to be operator of the Saltfleetby Licence. To support the acquisition, Angus has secured a conditional issue of 546,000,000 new shares to raise GBP6.0 million, by way of a direct subscription, with Aleph International Holdings UK Ltd.

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23 May 2022 19:29

TRADING UPDATES: Big Yellow's annual profit surges on occupancy gains

(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
27 Apr 2022 16:41

IN BRIEF: Angus Energy wins UK county council approval for well plans

Angus Energy PLC - oil and gas development company focused on UK assets - Says the Planning Committee of Surrey County Council has passed a resolution to approve its plans to abandon the Kimmeridge layer and re-perforate the Portland layer at well BRX4-Z.

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27 Apr 2022 11:00

Angus Energy on track for commissioning of Saltfleetby

(Sharecast News) - Angus Energy updated the market on installation and commissioning progress at Saltfleetby on Wednesday, with delivery and installation dates "substantially unchanged".

Read more

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