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Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

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Share Price: 12.50
Bid: 12.00
Ask: 13.00
Change: 1.00 (8.70%)
Spread: 1.00 (8.333%)
Open: 11.50
High: 12.75
Low: 11.75
Prev. Close: 11.50
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TRADING UPDATES: Argo Blockchain, HC Slingsby suffer profit drops

Wed, 18th May 2022 17:57

(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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Argo Blockchain PLC - London-based cryptocurrency miner - For the first quarter of 2022, pretax profit plunges to GBP1.5 million from GBP19.3 million the same period a year before, driven by a change in the fair value of digital currencies, with a loss of GBP4.6 million compared to a gain of GBP13.2 million. Revenue meanwhile grows 9.6% to GBP14.9 million from GBP13.6 million, due to a rise in the hashrate in spite of lower bitcoin prices. Total bitcoin mined increases 21% to 470 bitcoin from 387 a year prior.

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HC Slingsby PLC - Shipley-based industrial and commercial equipment distributor - For 2021, pretax profit drops 25% to GBP822,000 from GBP1.1 million the year before, on revenue which declines 9.2% to GBP19.8 million from GBP21.8 million, due to a decline in demand for Covid-19-related products. Due to continued uncertainty, the company does not recommend a final dividend for 2021, in line with the year before. Looking ahead, for the first quarter of 2022, sales grow 4% year-on-year.

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Science Group PLC - Cambridge-based science-focused product development company - Reports strong start to 2022, with performance in April ahead of management expectations. As a result, for the first half of 2022, company expects adjusted operating profit to be 20% higher year-on-year. As at April 30, gross cash stands at GBP38.4 million.

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ZAIM Credit Systems PLC - Russian focused fintech company - For 2021, reports net interest income at GBP9.4 million up from GBP4.8 million, leading to a swing to pretax profit of GBP801,497 from a loss of GBP614,519.

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EKF Diagnostics Holdings PLC - Cardiff-based diagnostics and central laboratory assay maker - Trading in first quarter of 2022 is strong with revenue in line with the same period in 2021, and is on-track to deliver full-year results in line with current market forecasts.

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Benchmark Holdings PLC - Sheffield, England-based aquaculture genetics, health and nutrition company - For the six months ended March 31, pretax loss widens to GBP5.1 million from GBP3.3 million the same period a year prior, on higher operating costs related to the launch and roll-out of Ectosan Vet and CleanTreat. Meanwhile, revenue grows 32% at GBP79.2 million from GBP59.5 million as a result of a strong performance from all areas, particularly Advanced Nutrition and Genetics. Looking ahead, company is currently trading in line with expectations, and has a strong outlook for salmon egg sales for the rest of the year.

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Cornish Metals Inc - Vancouver, Canada-based investment firm - For the year ended January 31, the company's loss widened to CAD2.9 million from CAD1.6 million the year before, due to total operating expenses rising to GBP3.0 million through professional fees and a widened foreign exchange loss.

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Jersey Electricity PLC - electricity supplier in Jersey - For the six months ended March 31, pretax profit drops 33% to GBP7.0 million from GBP10.5 million the year before, as revenue declines 3% to GBP65.0 million from GBP67.1 million, as a result of lower unit sales of electricity, due to lower domestic consumption associated with less homeworking linked to the pandemic. Declares interim dividend of 7.60 pence per share, up % from 7.20p a year prior.

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Pure Gold Mining Inc - Vancouver-based gold mining company focused on Canada - For the first quarter of 2022, net loss widens to CAD21.5 million from CAD16.8 million the same period a year prior, in spite of revenue more than doubling to CAD18.4 million from CAD6.4 million. While gold produced dipped to 6,653 ounces from 6,796 ounces, however gold sales rise sharply to 7,876 ounces from 2,924 ounces.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 Apr 2019 18:41

Argo Blockchain Shareholder Requisitions General Meeting For May

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17 Apr 2019 15:13

Argo Blockchain Shares Fall As Reports Loss In Maiden Annual Results

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1 Apr 2019 13:38

Argo Blockchain Shareholder Demands Removal Of Chair And Director

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18 Feb 2019 16:34

Vela Technologies Invests Further GBP16,000 In Argo Blockchain (ALLISS)

LONDON (Alliance News) - Vela Technologies PLC said Monday it has invested a further GBP15,553 in Argo Blockchain PLC.Vela purchased 500,000 shares in Argo at a price of 3.07 pence per Vela

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15 Feb 2019 14:19

Argo Blockchain To End Mining-As-A-Service Contracts In Tough Market

LONDON (Alliance News) - Argo Blockchain PLC said on Friday it is planning to terminate all existing cryptocurrency mining-as-a-service contracts by April, and it will not accept any new mining to

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15 Feb 2019 10:10

Crypto volatility forces Argo Blockchain to terminate mining contracts

(Sharecast News) - Cryptocurrency mining service provider Argo Blockchain announced a refocus of its business strategy on Friday, in light of what it described as "continuing difficult trading conditions" in the cryptocurrency market, as digital currencies faced "severe" price pressure and volatility.

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4 Dec 2018 14:16

Argo Blockchain sales exceed supply

(Sharecast News) - British cryptocurrency miner Argo Blockchain has seen strong growth over the last two months as sales of its subscription packages continued to exceed both expectations and supply.

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4 Dec 2018 14:16

Argo Blockchain sales exceed supply

(Sharecast News) - British cryptocurrency miner Argo Blockchain has seen strong growth over the last two months as sales of its subscription packages continued to exceed both expectations and supply.

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4 Dec 2018 10:55

WINNERS & LOSERS SUMMARY: Ferguson Slides On Lacklustre UK Performance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - up 2.9%. Deutsche Bank raised the property a

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4 Dec 2018 10:39

Argo Blockchain Rises With Revenue Run-Rate Expected To Increase

LONDON (Alliance News) - Shares rose in Argo Blockchain PLC on Tuesday it expected to see a hike in its annualised revenue run-rate for to the period to date since its listing on the London Stock

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11 Oct 2018 10:52

Argo Blockchain To Add Bitcoin On Its Platform In November

LONDON (Alliance News) - Argo Blockchain PLC said Thursday it will launch Bitcoin on its cryptocurrency mining platform from November."The move comes in response to consumer demand and

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1 Oct 2018 11:34

Argo Blockchain's Sold Package Number Rises Tenfold Since IPO

LONDON (Alliance News) - Argo Blockchain PLC said Monday that its sold packages rose tenfold to 4,200 after completing an expansion of its cryptomining services ahead of schedule."The

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11 Sep 2018 13:23

Argo Blockchain Adds Komodo And Horizen Coins To Crypto Mining Offer

LONDON (Alliance News) - Argo Blockchain PLC said Tuesday it added Komodo and Horizen coins to its cryptocurrency mining platform.After the addition, the total number of alternatives for to

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10 Sep 2018 14:25

REPEAT (Sep 7): Argo Blockchain Posts Loss But "Strong Start" To H2

LONDON (Alliance News) - Argo Blockchain PLC said Friday it made a "strong start" to the second half of its financial year after posting a loss for its first seven months as a December a

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10 Sep 2018 14:23

REPEAT (Sep 6): Argo Blockchain Expands Crypto Mining Platform

LONDON (Alliance News) - Argo Blockchain PLC said Thursday it has expanded its platform to support the "mass roll-out" of its cryptocurrency-mining-as-a-service offering later in mining

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