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TRADING UPDATES: CentralNic, Mind Gym anticipate growth in revenue

Mon, 25th Apr 2022 17:33

(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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CentralNic Group PLC - London-based online marketing services - For the three months ended March 31, expects to report adjusted Ebitda of USD18 million, and revenue of USD156 million, implying 51% growth from the same period a year before. Performance is attributed to growth in the Online Marketing segment, on increased for privacy-safe online customer acquisition services. Looking ahead, group is confident of beating market expectations for 2022, which has adjusted Ebitda at USD60.4 million and revenue at USD516.6 million.

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Mind Gym PLC - London-based training and management development company - For the year ended March 31, company expects constant currency revenue to reach GBP47.9 million, up 25% from the year before, and a 5% rise on pre-virus levels. Digitally enabled revenue rises 25% year-on-year, leading to expectations of adjusted pretax profit being in line with management expectations.

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Union Jack Oil PLC - Bath, England-based oil and gas company with operations across the UK - Achieves USD5 million in net revenue from Wressle hydrocarbon development within licences PEDL180 and PEDL182 in North Lincolnshire. The well is continuing to produce under natural flow with zero water cut, while site upgrades are ongoing.

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Metals Exploration PLC - mineral resource exploration and development company with assets in the Philippines - Gold sales for three months ended March 31 reach 15,685 ounces at a price of USD1,898 per ounce, down from 18,316 ounces at USD1,788 per ounce the same period a year prior, bringing total revenue to USD29.8 million, down 9.1% from USD32.8 million.

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IXICO PLC - London-based neuroscience data analytics company - For the six months ended March 31, revenue is expected to drop 20% to GBP3.9 million from GBP4.9 million, due to the extended effect of Covid-19 and lost revenue from the halting of creating large client trials over the last 12 months. However, still expects to produce positive earnings before interest, tax, depreciation and amortisation for the period, and still anticipates delivering a stronger second half to meet market expectations for the financial year.

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Impact Healthcare REIT PLC - real estate investment trust focused on healthcare properties - As at March 31, net asset value per share is 114.93 pence per share, up 2.2% from 112.43p at the end of December, with a NAV total return for the three-month period of 3.6%. As at March 31, the group property portfolio comprising 128 healthcare properties. was valued at GBP484.0 million, up 5.3% from GBP459.4 million as at December 31.

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Saietta Group PLC - Bicester, England-based engineering company specialising in electric vehicles - For the year ended March 31, expects revenue to rise fourfold to GBP3.6 million from around GBP870,000 the year before, and anticipates adjusted Ebitda to be in line with market forecasts. Remains confident that the group remains on track to reach its revenue expectations for the current financial year.

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Insig AI PLC - London-based data science and machine learning - For the year ending March 31, expects revenue to be at least GBP1.8 million, with pretax profit to reach GBP170,000, up 48% from pre-pandemic levels due to a strong recovery from the Sport in Schools business. Signs a development contract with an unnamed London-based alternative investment manager with GBP145,000 to deliver a cloud-based data infrastructure. Also, appoints Chief Commercial Officer Colm McVeigh as CEO with immediate effect.

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Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Announces significant resource upgrade in the Lower Basin Floor Fan at Theta West to 17.8 billion barrels of oil in place, a 61% rise from prior estimates. There is also a new discovery of oil in the Slope Fan System at Talitha, which has the potential to contain 2.2 billion barrels of oil in place.

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City of London Group PLC - operates Recognise Bank for UK small and medium enterprises - Agrees in principle with shareholders Max Barney and PV27 to support a capital raise by the company, which is expected to range between GBP8 million and GBP9 million.

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Zoo Digital Group PLC - Sheffield, England-based cloud software-based subtitling, dubbing and media localisation services provider - Upgrades revenue expectations for year ending March 31 to around USD70 million, up from the USD65 million guided to last month, and up 77% from USD39.5 million the year before. In addition, Ebitda is on-track to be materially ahead of previously upgraded expectations at USD8 million, up 78% from USD4.5 million the prior year, and above prior expectations of USD6.5 million.

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Totally PLC - healthcare service provider - For the year ended March 31, expects Ebitda to be ahead of consensus expectations of GBP5.4 million, and the GBP5.0 million figure the year before, driven by enhanced demand attributed to the global pandemic, leading to increased demand for services and sharp growth in waiting lists.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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