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UK EARNINGS SUMMARY: Charles Stanley Holds Dividend Amid Weak Interim

Thu, 19th Nov 2020 15:05

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

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Charles Stanley Group PLC - London-based investment manager - For the six months to the end of September, funds under management and administration averaged GBP22.1 billion, down 9.4% from the same period the year before. Pretax profit dropped by 41% to GBP4.8 million from GBP8.1 million, on revenue that declined by 4.1% to GBP81.9 million from GBP85.4 million, due to the disruption cased by Covid-19 on funds, as well as lower interest rates. Kept interim dividend at 3.0 pence per share.

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Sabien Technology Group PLC - AIM-listed energy efficiency technology firm - For the year to the end of June, swings to pretax loss of GBP1.4 million from a profit of GBP182,000 the year before, on rising administrative costs of GBP1.3 million from GBP996,000, and revenue declining by 68% to GBP454,000 from GBP1.4 million. Revenue decline was attributed to an exceptional order made in the prior year and three months of lost sales due to the lockdown period. Enters agreement to acquire Swiss-based health destination firm Ptarmigan Health Destinations SA for GBP44.5 million to be satisfied by the issue of 13.7 million shares at 325 pence each.

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AEX Gold Inc - Greenland-focused gold miner - For the three months to the end of September, net loss widened to CAD4.6 million, around GBP2.7 million, from CAD2.6 million the year before, as a result of higher exploration and administrative costs, related to the start of the 2020 surface drilling programme at the Nalunaq property.

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SDX Energy PLC - the London-based oil & gas explorer - For the nine months to the end of September, earnings before interest, tax, depreciation, amortisation and explorations rose by 58% to USD23.9 million from USD15.1 million the year before, on revenue that grew by 43% to USD33.8 million from USD23.7 million. Total sales volumes nearly doubled to 6,646 barrels of oil equivalent per day from 3,501 barrels per day. Maintains 2020 guidance at 6,000 - 6,250 boe per day, a 49% to 54% increased from 2019's figure.

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Atalaya Mining PLC - Cyprus-based copper producer - For the three months to the end of September, pretax profit rose by 64% to EUR12.5 million from EUR7.6 million the year before, on revenue that grew by 48% year-on-year to EUR65.8 million from EUR44.4 million. Average realised copper price rose to USD2.72 per pound from USD2.68, while copper production increased by 39% to 14,695 tonnes from 10,568 tonnes, leading to higher concentrate sales. Looking ahead, 2020 guidance remains at 55,000 tonnes to 58,000 tonnes.

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SRT Marine Systems PLC - maritime tracking firm - For the six months to the end of September, pretax loss widens to GBP2.7 million from GBP1.5 million the year before, as administrative costs rose to GBP3.9 million from GBP2.7 million. Revenue however, grew by 8.6% to GBP3.8 million from GBP3.5 million, through a robust performance from its transceivers business.

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Integrated Diagnostics Holdings PLC - consumer healthcare firm with operations in Egypt, Jordan, Sudan, and Nigeria - For the nine months to the end of September, earnings before interest, tax, depreciation and amortisation rose by 4% to EGP710 million - around GBP34.4 million - from EGP686 million, on revenue which grew by 1% year-on-year to EGP1.67 billion from EGP1.65 billion, as its recovery was driven by the casing of Covid-19 restrictions across its territories, increased demand for testing in Egypt and Jordan, and the ramp up of house call services.

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JPMorgan Global Core Real Assets Ltd - real estate, transportation and infrastructure investor - As at August 31, net asset value per share was 90.9 pence, down % from 96.8p at the end of February. For the six month period, net asset value negative return was 4.6%. Declares second-quarter dividend of 0.75p, in line with the quarter before.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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