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Pin to quick picksAukett Swanke Share News (AUK)

Share Price Information for Aukett Swanke (AUK)

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Share Price: 1.40
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Change: -0.15 (-9.68%)
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TRADING UPDATES: EKF Diagnostics swings to loss as revenue drops

Tue, 28th Mar 2023 14:39

(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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Aukett Swanke Group PLC - professional services firm that mainly provides architectural and interior design services - Pretax loss in financial year that ended September 30 widens to GBP1.8 million from GBP595,000 a year ago. Revenue declines 9.1% to GBP24.0 million from GBP26.4 million. Looking ahead, says UK architecture businesses and German investments are high quality operations with strong brands. Anticipates further growth in UK architecture business.

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Condor Gold PLC - gold exploration company with operations focusing on Nicaragua - Pretax loss widens to GBP2.5 million in 2022 from GBP2.3 million in 2021. Hails sales process, which it says is entering the end of its first phase, with three formal expressions of interest, including two non-binding offers, received as of March 13. Chair Jim Mellon says: "Condor is at an important point in its history. It is very close to mining, with substantial proven reserves, and a carefully costed mining plan".

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EKF Diagnostics Holdings PLC - Cardiff-based diagnostics and central laboratory assay maker - Swings to pretax loss GBP8.9 million in 2022 from a profit of GBP21.4 million. Revenue falls 19% to GBP66.6 million, in line with market expectations, from GBP81.8 million. Looking ahead, Executive Chair Julian Baines says: "Cost reduction, restructuring and efficiency measures will further improve our performance in 2023 and onwards. The work to deliver these measures has already begun in earnest and the board remains confident that the performance of the business for the year remains in-line with management expectation, with EKF now well positioned for long-term sustainable growth."

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essensys PLC - London-based software and cloud services for flexible workspace industry - Pretax loss in the six months to January 31 widens to GBP7.7 million from GBP4.7 million a year ago. Revenue grows 18% to GBP12.9 million from GBP10.9 million. Administrative expenses increase 33% to GBP15.0 million from GBP11.2 million. Cost of sales increase 37% to GBP5.6 million from GBP4.1 million. Says trading in second half of financial 2023 in line with management's expectations. Expects to meet financial 2023 market forecasts and notes confidence in longer-term structural growth opportunity.

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Highcroft Investments PLC - England and Wales-focused real estate investor - Net asset value per share as at December 31 falls 15% to 1,081 pence from 1,275p a year prior, blaming high inflation, rises in interest rates and political instability. Swings to a pretax loss of GBP7.1 million in 2022, from a profit of GBP12.2 million. Looking ahead, says portfolio is well-positioned to deliver long-term secure returns for shareholders.

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Regional REIT Ltd - real estate investment trust - Portfolio value fell 12% on a like-for-like basis to GBP789.5 million at the end of 2022, from GBP906.1 million a year before. This was primarily due to macro-factors affecting the property sector, it says. Net asset value per share falls to 78.1 pence from 97.4p. More positively, net rental income increases 12% to GBP62.6 million in 2022. Dividend per share rises to 6.6p from 6.5p. Looking ahead, firm is confident of maintaining high rent collections and cites a momentum on asset management initiatives for the rest of 2023. Chair Kevin McGrath says: "The UK region's economic activity continues to strengthen, and companies continue to require office space in our identified growth areas. Regional REIT remains well positioned to meet the challenges and take the opportunities that will inevitably arise in the coming years."

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Technology Minerals PLC - London-based battery metals developer - Pretax loss for the six months to December 31 narrows to GBP692,000 from GBP1.1 million a year prior, as it has no initial public offering costs compared to GBP314,000 a year ago. Other figures broadly flat, with no revenue. Company touts advancement in exploration assets, with a focus on Ireland and Spain. "The aim remains to increase the value of each project through efficient, targeted exploration work in a capital-light manner, seek out partnerships to inject further capital as required, and creating additional value in the portfolio and for shareholders," Technology Minerals says.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
26 Apr 2024 15:05

Aukett Swanke flags delays to some contracts

(Sharecast News) - Smart buildings, architectural and design services specialist Aukett Swanke said in an update on Friday that, as outlined in its recent financial statements, it maintained a robust pipeline of interest, although a number of projects had been pushed back.

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26 Apr 2024 14:35

Auckett Swanke shares down as half-year loss widens

(Alliance News) - Aukett Swanke Group PLC shares fell on Friday, after it said it expects its loss in the first half of the financial year to widen.

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26 Apr 2024 10:40

AIM WINNERS & LOSERS: Proteome Sciences rises on GBP500,000 contract

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EARNINGS: Capricorn Energy loss narrows; Crystal Amber net assets up

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

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21 Mar 2024 19:05

EARNINGS AND TRADING: Getech confident; Aukett Swanke makes buy

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

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19 Feb 2024 11:55

IN BRIEF: Aukett Swanke joins artificial intelligence consortium

Aukett Swanke Group PLC - London-based architectural and interior design services provider - Says it has participated in a consortium to develop an AI-Based Recommender System for Smart Energy Saving. The lead consortium member is a commercial spin-out from an unnamed UK research university. Other members of the consortium include two further UK universities and five commercial organisations, including engineering and construction companies. The consortium will be awarded around GBP900,000 from Innovate UK towards total project costs of approximately GBP1.2 million. The project has a 12-month duration commencing March.

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2 Feb 2024 16:37

Aukett Swanke records higher full-year profit

(Sharecast News) - Building, architectural and design service provider Aukett Swanke said in an update on Friday that, based on unaudited management accounts, it recorded a small pre-tax profit for the year ended 30 September, excluding exceptional items related to acquisitions.

Read more
2 Feb 2024 11:42

Aukett eyes annual adjusted pretax profit as revenue to hit record

(Alliance News) - Aukett Swanke Group PLC on Friday said it expects to have turned to a small annual adjusted pretax profit as it anticipated to report record revenue.

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18 Oct 2023 14:17

Aukett Swanke buys TR Control Solutions for GBP360,450

(Alliance News) - Aukett Swanke Group PLC on Wednesday said that it has bought TR Control Solutions Ltd, a developer of energy management software and provider of energy efficiency services.

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5 Oct 2023 12:57

Aukett Swanke seeks GBP3.0 million west London factory property sale

(Alliance News) - Aukett Swanke Group PLC on Thursday said it wishes to sell the Old Torpedo Factory property in London as it is "larger than needed" with the site now unoccupied.

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17 Jul 2023 15:12

Aukett Swanke acquires SmartSpace Software's workspace firm A&K

(Alliance News) - Aukett Swanke Group PLC on Monday said it has acquired smart workspace systems distributor Anders & Kern UK Ltd for GBP515,057.

Read more
27 Jun 2023 14:21

UPDATE: Aukett Swanke widens loss but celebrates new acquisition

(Alliance News) - Aukett Swanke Group PLC on Tuesday reported a widened loss for its latest half year, in part due to costs from its acquisition of Torpedo Factory Group Ltd, but appeared optimistic about its prospects and the new executives in place following the purchase.

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27 Jun 2023 12:36

CORRECT: Aukett Swanke promotes recent buy's finance director to COO

(Corrects headline to COO from CFO).

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27 Jun 2023 11:48

IN BRIEF: Aukett Swanke promotes recent buy's finance director to CFO

Aukett Swanke Group PLC - London-based architectural and interior design services provider - Appoints Freddie Jenner to board as chief operating officer, effective immediately. Jenner since 2012 was previously finance director at Torpedo Factory Group Ltd, now Torpedo Factory Ltd, which was acquired by Aukett Swanke in March this year. Aukett Swanke says Jenner was "instrumental" in driving value growth for Torpedo through acquisitions and through system and process upgrades. Jenner also was chief financial officer of Ortana Media Group Ltd from February 2019 to March 2022.

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5 Jun 2023 10:58

IN BRIEF: Haydale Graphene hires former Charteris leader as new CFO

Haydale Graphene Industries PLC - AIM-listed global technology solutions firm - Appoints Patrick Carter as chief financial officer with immediate effect. Carter replaces Mark Chapman, who stepped down in March to pursue a new appointment having joined Haydale as CFO in November 2019. Chapman's resignation now is effective, but he will remain at Haydale "for a short period" to ensure a smooth transition. Carter is a chartered accountant and qualified barrister-at-law. He has served as CFO at Aukett Swanke PLC, Charteris PLC and at multiple private equity backed renewable energy companies.

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