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Pin to quick picksAtome Plc Share News (ATOM)

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EARNINGS SUMMARY: Christie grows from demand; Likewise bets on autumn

Mon, 26th Sep 2022 12:52

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

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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Expects to make first revenue in 2023 as it continues to make progress on projects in Paraguay. Pretax loss in first half to June 30 widens to USD2.5 million from USD591,000 a year prior. Aims for extended power purchase agreements in Paraguay. In that country, expects final investment decision on Villeta project, which is on track to start main site construction by mid-2023, with a view to commissioning of facility by late 2024 or early 2025. The planned Villeta project aims to produce green hydrogen and ammonia.

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Christie Group PLC - London-based financial, inventory and systems services provider - Citing "strong" demand, interim profit in half-year ended June 30 grows to GBP1.7 million from GBP1.2 million a year prior. Revenue climbs to GBP33.7 million from GBP28.6 million. Ups interim dividend to 1.25p from 1.00p a year ago. "We have strong demand for our services and continue to win notable assignments. Despite the economic clouds gathering, we anticipate a successful full year performance," Chair & Chief Executive Officer David Rugg says.

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Likewise Group PLC - Birmingham-based domestic and commercial floor coverings distributor - Interim profit falls on rising costs but optimistic for "traditionally busy autumn trading". Half-year pretax profit in the six months to June 30 falls to GBP85,882 from GBP302,677 a year prior. Revenue more than doubles to GBP58.4 million from GBP28.0 million. Cost of sales more than double to GBP40.9 million from GBP19.8 million. Administrative expenses widen to GBP8.6 million from GBP4.6 million. Distribution costs increase to GBP8.5 million from GBP3.3 million. "The positive sales revenue trend has continued through July, August and September, which positions the group well for the traditionally busy Autumn trading in the fourth quarter," firm says. Chief Executive Officer Tony Brewer states: "With the extensive logistics, sales and marketing investment, we are confident in progressively building a substantial and profitable floor covering distribution business."

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Microlise Group PLC - Nottingham, England-based transport management software firm - Posts roughly similar interim result as a year ago. Pretax profit in the first half to June 30 falls to GBP1.44 million from GBP1.46 million. Revenue grows 5.2% to GBP30.7 million from GBP29.1 million. Administrative expenses widen to GBP17.1 million from GBP15.8 million. Regarding dividends, firm states: "The board still does not feel that it is an appropriate time to commence paying dividends, as the company continues to invest in its growth strategy". Looking ahead, Microlise expects 2022 profit and revenue to be in line with market expectations. Adds that it made progress in the mergers & acquisitions area. Chief Executive Officer Nadeem Raza anticipates growing demand for its technology.

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SpaceandPeople PLC - Glasgow-based AIM-listed retail, promotional and brand experience specialist - Half-year loss widens as costs in the UK and Germany increase. Pretax loss in the six months to June 30 widens to GBP377,00 from GBP266,000 a year ago. Revenue doubles to GBP2.4 million from GBP1.1 million. Cost of sales widen to GBP869,000 from GBP292,000. Administrative expenses increase to GBP2.0 million from GBP1.8 million. Other operating income falls to GBP132,000 from GBP704,000. Cites issues affecting UK and German economies. Looking ahead, Chief Executive Officer Nancy Cullen says: "We are, however, a resilient business with diverse income streams. We have traded successfully through economically challenging conditions in the past and I have every confidence that we will continue to do so."

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By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
16 Aug 2023 13:04

IN BRIEF: Atome Energy in funding push for Paraguay green fertiliser

Atome Energy PLC - Leeds, England-based green hydrogen, ammonia, and fertiliser project development in Paraguay, Iceland, and Central America - Launches effort to find financing for the first phase of its Villeta green fertiliser project in Paraguay. Natixis Corporate & Investment Banking issues an information pack and opens a virtual data room for the project finance requirement. Says a carbon footprint analysis by a third party indicates the Villeta project will displace about 500,000 tonnes of carbon dioxide equivalent per year, potentially generating a total of 12 million carbon credits over the project's 25-year lifetime.

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19 Jul 2023 11:42

IN BRIEF: Atome increases power purchase deal at Villeta project

Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Increases 120 megawatt power purchase agreement for its Villeta project in Paraguay to 145MW. Adds it has entered into a 300MW pre-PPA agreement alongside Paraguay's national grid for the second phase of the Yguazu project.

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14 Jul 2023 09:21

Molecular Energies sells GBP800,000 worth of Atome Energy shares

(Alliance News) - Molecular Energies PLC on Friday said it sold a stake in Atome Energy PLC to CFT Ventures, a Crandall Family Trust company, with the trust's Mark Crandall being the former head of Glencore PLC's oil trading business before 1993.

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27 Jun 2023 11:37

IN BRIEF: Atome Energy annual loss widens; expects 1st revenue in 2023

Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Reports pretax loss of USD5.6 million in 2022, widened from USD2.2 million in 2021. The company says the annual loss is in line with its expectations and reflects the increased level of activity and fast-track development throughout its portfolio. Total value of assets drops to USD6.6 million as of December 31 - split almost equally between cash and segment assets - from USD8.3 million a year before. ATOME says that its hydrogen transport Mobility Division is expected to start generating revenue this year.

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22 May 2023 12:11

Atome Energy advances green fertiliser plan; Baker Hughes takes stake

(Alliance News) - Atome Energy PLC on Monday announced its expansion into premium green fertiliser production, while saying that the US's Baker Hughes Co will become a 6.6% shareholder.

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4 Apr 2023 10:43

Atome Energy's subsidiary, Green Fuel, signs deals for power supply

(Alliance News) - Atome Energy PLC on Tuesday said that its Icelandic subsidiary, Green Fuel ehf, has signed a non-binding term sheet with HS Orka to supply power.

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1 Mar 2023 15:50

DIRECTOR DEALINGS: Atome CEO buys shares; Lok'n Store non-exec sells

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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2 Feb 2023 19:39

TRADING UPDATES: Lords sells business; Atome wins joint venture 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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11 Jan 2023 21:08

TRADING UPDATES: Blencowe gets ok for samples; Cornish hails results

(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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5 Jan 2023 10:46

Molecular Energies unveils new business in G-volution joint venture

(Alliance News) - Molecular Energies PLC on Thursday said it launched a new joint venture with dual fuel technology business G-volution.

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14 Dec 2022 11:34

Atome Energy raises GBP3.7 million for Villeta project in Paraguay

(Alliance News) - Atome Energy PLC on Wednesday said it has raised GP550,000 through a placing of 517,891 shares.

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12 Dec 2022 21:54

TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

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

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1 Dec 2022 21:42

TRADING UPDATES: Renalytix hails trial results; Kingswood buys JFP

(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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14 Nov 2022 17:32

Atome Energy to start Villeta facility production in early 2025

(Alliance News) - Atome Energy PLC on Monday said it expects to start production in its world-scale Villeta facility in Paraguay at the start of 2025.

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7 Nov 2022 11:35

Atome tips growth opportunities in Paraguay following Puma Energy deal

(Alliance News) - Atome Energy PLC on Monday said it has entered into an understanding with Puma Energy Paraguay SA, with a view to negotiating potential hydrogen projects in Paraguay.

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