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Pin to quick picksCondor Gold Share News (CNR)

Share Price Information for Condor Gold (CNR)

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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
23 Aug 2019 11:47

DIRECTOR DEALINGS: Condor Non-Executive Jim Mellon Buys 50,000 Shares

(Alliance News) - Condor Gold PLC said on Friday that Non-Executive Director Jim Mellon purchased 50,000 shares and now has a 16% interest in the company.Mellon bought the shares at 23.00 a

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19 Aug 2019 11:30

DIRECTOR DEALINGS: Condor Non-Executive Jim Mellon Buys 495,000 Shares

(Alliance News) - Condor Gold PLC said on Monday that Non-Executive Director Jim Mellon purchased 495,000 shares across two transactions last week.On Wednesday, Mellon bought 445,000 shares

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14 Aug 2019 13:55

Condor Gold Reduces First Half Loss, Makes La India Project Headway

(Alliance News) - Condor Gold PLC said on Wednesday its interim loss was narrowed by a fall in administrative expenses, and it has made progress in the development of its La India mine in the six

Read more
14 Aug 2019 11:08

Condor Gold narrows losses as it brings La India to fruition

(Sharecast News) - Condor Gold updated the market on its first half on Wednesday, confirming that it was still pre-revenue, but had narrowed its operating loss to £0.65m in the six months ended 30 June, from £1.29m a year earlier.

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26 Jul 2019 12:46

Condor Gold Completes Fundraise For Work At Nicaragua's La India

(Alliance News) - Condor Gold PLC on Friday said it has completed a previously announced GBP4.0 million share placing.The placing was announced earlier in June. Nicaragua Milling Co Ltd has

Read more
23 Jul 2019 12:14

Condor Gold Gets More Time To Buy Land At Nicaragua's La India

(Alliance News) - Condor Gold PLC has been given more time by authorities in Nicaragua to buy land needed for mine infrastructure, it said Tuesday.Condor received an environmental permit a

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8 Jul 2019 12:03

Condor Gold Raises GBP4 Million Via Share Placing To Advance Project

(Alliance News) - Condor Gold PLC said on Monday it will place shares on both London's Alternate Investment Market and Toronto's Stock Exchange in order to fund the mining company's La

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1 Jul 2019 12:07

Nicaragua Grants Condor Gold Further Concession For Exploration

(Alliance News) - Condor Gold PLC has been granted a "major" exploration concession next to its La India project in Nicaragua, the company said on Monday.This means the land at La

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27 Jun 2019 14:55

Condor Gold Seeks Permits To Develop La India Project In Nicaragua

(Alliance News) - Condor Gold PLC on Thursday said it is progressing with the permitting process at La India project, Nicaragua.In August last year, Condor received an environmental permit

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1 Apr 2019 10:10

Condor Gold upbeat on La India metallurgical test work

(Sharecast News) - Condor Gold announced recent metallurgical test work conducted by B2Gold on Monday, from samples taken from an area within the permitted La India open pit.

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22 Mar 2019 10:35

Condor Gold Loss Shrinks As La India Project Progresses In Nicaragua

LONDON (Alliance News) - Condor Gold PLC on Friday said its loss narrowed on administrative expenses in 2018 as it continued to develop its La India gold project in Nicaragua.The 2018 loss

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5 Mar 2019 12:03

Condor Gold Seeks Permits For Two Satellite Feeder Pits At La India

LONDON (Alliance News) - Exploration company Condor Gold PLC on Tuesday said it has begun the permitting process for two high grade satellite feeder pits, America and Mestiza, at its La India gold

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25 Feb 2019 12:45

Condor Gold Raises GBP750,000 In Private Placement Of Shares (ALLISS)

LONDON (Alliance News) - Condor Gold PLC on Monday said it raised further GBP750,000 in the second tranche of a private placement of shares announced at the beginning of February.The second

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1 Feb 2019 12:14

Condor Gold Raises GBP1.8 Million In Private Placing To Fund La India (ALLISS)

LONDON (Alliance News) - Condor Gold PLC on Friday said it has conducted a private placing and raised GBP1.8 million to advance its La India gold project in Nicaragua.The placing consisted

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28 Jan 2019 12:29

Condor Gold La India Resource Update Could Increase Annual Production

LONDON (Alliance News) - Condor Gold PLC said Monday an updated mineral resources update at its La India project in Nicaragua showed the possibility of increased annual production and an extension

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