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Small caps round-up: Aminex, Helesi, Powerflute...

Fri, 04th Feb 2011 11:31

Aminex has proposed to up its interest in the Nyuni Production sharing agreement in Tanzania from 50% to 65% through a farm-in agreement with Key Petroleum. "A further acquisition of interest in the Nyuni PSA is a logical expansion of our activities and confirms our strong commitment not only to the Nyuni PSA itself but to Tanzania and the East African margin generally, now a focus of high oil industry interest," says Aminex chairman Brian Hall.2010 revenues for Helesi - the Greece-, Italy- and Cyprus-based waste management group - were 32% lower than the previous year at €50.5m due to reduced activity "and the implementation of fundamental reforms to local municipalities and communities."Earnings before interest, tax, depreciation and amortisation were €4m, compared with €12.7m previously. "The second half of 2010 has continued to be challenging, although we are seeing an improvement in the political situation in Greece," the group said.Shares in Nordic packaging and paper group Powerflute fell after its Graphic Papers business was hit by lower order intake and the rising price of pulp. While its Packaging Papers business had a strong final quarter with strong demand and improved operating margins, the group says that full year results will be "comparable with the underlying trading performance achieved in the prior year."Indian film group DQ Entertainment's revenue for the third quarter was 432.42m rupees (YTD Rs. 1,297.81m) and the profit for the quarter Rs31.49m (YTD Rs117m), which is as per the company's plan for financial year 2010-11. During the quarter the Rupee's adverse fluctuations with other currencies impacted the financials resulting in an exchange loss of Rs5.12m. The current order book stands at Rs6300m, which is to be executed over the next 30 months.KEFI Minerals has conditionally raised £1.3m by way of a placing at 5p per share.John Kennair, who paid £3.97m into a subsidiary of specialist glass group Romag without telling the rest of the board, has stepped down as chairman and will leave when it finds a replacement as chief executive. Non-executive director, David Gray takes over as chairman. David Banks, stays on as finance director, as he was unaware of the transactions of Mr Kennair. Romag shares remain suspended while refinancing talks are underway.
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2 Jun 2014 13:01

DQ Entertainment in refinancing talks amid bad debts

Cartoon producer and distributor DQ Entertainment is in talks to refinance the business after earmarking 230m Indian rupees (£2.3m) for bad debts, undermining its shares. Hyderabad, India-based DQ said debtors were not repaying money owed as quickly as expected, which had put pressure on its cash f

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UK WINNERS & LOSERS: Miners Jump On Upbeat Chinese Data

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FTSE 100 - WINNERS
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Anglo American, up 1.9%, Rio Tinto, up 1.7%, Glencore, up 1.4

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2 Jun 2014 08:50

DQ Entertainment Profit Up, But Order Book Drops

LONDON (Alliance News) - DQ Entertainment PLC Monday reported higher profit for its last financial year as revenue was lifted by distribution deals as the company tapped new markets in Latin America, Africa, South East Asia and the Middle East. However, the company also reported provisions

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6 May 2014 11:14

DQ Entertainment Rises After It Wins Deals At Key Industry Event

LONDON (Alliance News) - DQ Entertainment PLC Tuesday said it had won TV co-production and licensing deals worth about USD48 million at the MIPTV industry event in April. In a statement, the company said about USD12.8 million of the total won is expected to be booked this year and next, sub

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17 Feb 2014 12:59

DQ's Indian Subsidiary Sees Pretax Profit Rise Despite Revenue Decline

LONDON (Alliance News) - DQ Entertainment PLC's Indian subsidiary Monday saw pretax profit rise despite declines in revenue in the nine months ended December 31 2013. DQE India, which is 75% owned by DQ Entertainment, posted revenue of USD23.03 million, down from USD23.53 million in the pre

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DQ Entertainment Investment Combines With Two Other Production Companies

LONDON (Alliance News) - DQ Entertainment PLC Monday said Method Animation, in which it has a 20% equity stake, is reorganising, joining with two other French entertainment companies under a single holding company. Under the reorganisation, animation and film production company Method has j

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