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Pin to quick picksEast Star Reso Share News (EST)

Share Price Information for East Star Reso (EST)

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Share Price: 3.60
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EARNINGS UPDATES: Surgical Innovations and KRM22 narrow loss in 2021

Wed, 23rd Mar 2022 18:07

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

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East Star Resources PLC - gold and copper exploration company focused on Kazakhstan - Announces results for the period from incorporation on November 17, 2020 to November 30, 2021. Company generates no revenue during the year but says it is focusing on its Discovery Ventures Kazakhstan assets and other acquisition targets which are expected to be revenue generating in the future. Records a pretax loss of GBP421,212. At November 30, company has assets of GBP1.9 million.

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Surgical Innovations Group PLC - Leeds, England-based surgical and medical instrument manufacturer - Reports revenue of GBP9.1 million in 2021, up 44% from GBP6.3 million the previous year. Company explains this amounts to 85% of pre-pandemic revenue. Narrows pretax loss to GBP585,000 from loss of GBP3.3 million in 2020. Revenue in first two months of 2022 is approximately 40% higher than the corresponding period of 2021 and slightly ahead of pre-pandemic levels, company adds. Chair Nigel Rogers says: "Despite the Omicron Covid-19 variant causing healthcare staff shortages in some markets, the impact has been less severe than anticipated. The UK market continues to be strong and is trending ahead of pre-pandemic levels and, as patient waiting lists continue to rise, it is likely that this momentum will continue."

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KRM22 PLC - London-based closed-ended investment company - Narrows pretax loss in 2021 to GBP3.3 million from a loss of GBP5.5 million a year prior. Revenue drops 10% to GBP4.1 million from GBP4.6 million. 96% of 2021's revenue was generated from recurring customer contracts. Chair Keith Todd calls the year "challenging" but says the company has entered 2022 in a good position for its next phase of growth.

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SigmaRoc PLC - London-based investment company focused on construction - Swings to a pretax loss from continuing operations of GBP2.3 million in 2021 from a profit of GBP7.1 million. Revenue more than doubles to GBP272 million from GBP124.2 million in 2020. In line with the previous year, it does not pay a dividend. SigmaRoc says second half of the year was hit by supply chain challenges and cost inflation. Company says 2022 has started well despite some issues from Covid-19 restrictions.

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Henderson Eurotrust PLC - focused on European, excluding the UK, investments - Net asset value return for the six months to January 31 is minus 6.7% compared to a total return from the benchmark index, the FTSE World Europe, excluding the UK, Index, of minus 1.2%. NAV per share at January 31 stood at 154.6 pence, up from 152.8p at the same time a year ago. Revenue return per share increases to 0.65p from 0.07p at January 31 year-on-year. Affirms that portfolio is not directly invested in Russia or Ukraine. Company maintains a dividend of 0.8p.

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Kakuzi PLC - Nairobi-based agricultural company - Reports sales of KES3.3 million in 2021, around USD28,752, and down 8.7% from KES3.6 million the previous year. Pretax profit falls 44% to KES471,556 from KES847,532. Explains the reduced earnings were due to lower avocado production and prices in the year. Adds it experienced greater earnings from macadamia sales during the year as a result of increased yields from its young orchards. Company increases dividend to KES22.0 from KES18.0 year-on-year.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Apr 2024 13:03

Getech inks deal with East Star to locate porphyry copper deposits

(Alliance News) - Getech Group PLC on Tuesday said it has struck a deal with East Star Resources PLC to locate porphyry copper deposits in Kazakhstan.

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18 Apr 2024 11:50

East Star Resources shares fall despite narrowed loss

(Alliance News) - East Star Resources PLC shares fell slightly on Thursday, after it reported no revenue and a narrowed annual loss.

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3 Apr 2024 12:37

East Star shares soar as company welcomes offers for Verkhuba deposit

(Alliance News) - East Star Resources PLC on Wednesday said it had initiated a formal process for a potential joint venture, sale, or farm-out of the Verkhuba copper deposit after receiving interest from several parties.

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20 Mar 2024 14:05

East Star wins second exploration licence at Kazakh project

(Alliance News) - East Star Resources PLC on Wednesday said it has been awarded its second copper porphyry exploration licence under a new exploration strategy in Kazakhstan.

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11 Mar 2024 14:30

IN BRIEF: East Star Resources remains confident in "attractive" Verkhuba

East Star Resources PLC - Kazakhstan-focused gold and copper exploration and development company - Updates resources model for Verkhuba copper deposit on the Rudny Altai volcanic massive sulphide belt in Kazakhstan. "The results of the remodelling have provided the company with a higher degree of confidence in the historical data and the development potential of the deposit," East Star says. It adds that it instructed AMC Consultants Pty Ltd to undertake work to produce a maiden JORC inferred resources. It expects this to take around one month, and to be ready before the start of the 2024 field season.

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29 Feb 2024 19:42

EARNINGS AND TRADING: East Star, Getech strike Kazakhstan JV

(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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28 Feb 2024 18:13

TRADING UPDATES: AB Dynamics trades in line; Verditek sells solar arm

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

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22 Jan 2024 19:11

IN BRIEF: East Star Resources wins exploration grant from BHP

East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - Wins grant of up to USD500,000 from BHP under the 2024 BHP Xplor programme to initiate a copper porphyry exploration strategy in Kazakhstan. The grant will provide funding to advance East Star's copper porphyry exploration strategy. Chris van Wijk, a geologist who developed the strategy with East Star, will join its board as non-executive director. Chief Executive Alex Walker says: "This is an exciting new strand to our copper strategy as we progress both porphyry and VMS exploration."

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12 Dec 2023 10:48

IN BRIEF: East Star hails open pit potential of Verkuba copper deposit

East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - In an update on the assays from drilling at the Verkhuba copper deposit on the Rudny Altai volcanogenic massive sulfide belt, says it confirms the potential for resource development by way of open pit mining. Finds 92.5 metres of mineralisation recorded above a cut-off grade of 0.38% copper equivalent i.e. copper, lead, zinc and silver. Finds thick and high-grade intersections within the conceptual open pit shell modelled by independent consultants. Says high-grade mineralised zones match well with high-grade zones identified in over 42,000 metres of historical drilling. Finds predominantly copper mineralisation with up to 6.6% zinc identified in some intersections and notes extensive previously unidentified lower-grade mineralised envelopes around higher-grade intersections. Says gold offers potential for additional upside once assays are complete.

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27 Nov 2023 10:07

IN BRIEF: East Star soars on high grade mineralisation at Talovskoye

East Star Resources PLC - London-based Kazakhstan-focused gold and copper exploration and development company - Says sampling at the Talovskoye prospect on the Rudny Altai volcanic massive sulphide belt in Kazakhstan has identified high grade copper-silver mineralisation, about 17 kilometres from the Nikolovskoye processing plant. Samples include 6.3% and 8.4% of copper. Says further exploration will take place on the target, with drilling schedules for 2024. Chief Executive Officer Alex Walker said: "The Talovskoye copper/silver prospect is shaping up to be another very interesting target within our volcanic massive sulphide portfolio. The detailed mapping undertaken this year has informed our geological understanding and strengthened our view that this is a prospect we should be drilling at the nearest opportunity."

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14 Nov 2023 16:23

TRADING UPDATES: Technology Minerals, Beeks Financial hail deal wins

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

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2 Oct 2023 21:43

IN BRIEF: East Star reports interim loss; focused on Verkhuba

East Star Resources PLC - exploring for copper and gold in Kazakhstan - On Friday, reports a pretax loss of GBP260,000 in the six months ended June 30, compared to a loss of GBP2.1 million in the six months ended May 31, 2022. Says the first half of 2023 has seen "intense" operational activity. Awaiting assays from drilling at Verkhuba copper deposit. Says understanding and advancing the opportunity at Verkhuba is "number one priority" in the coming months.

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2 Oct 2023 12:50

East Star Resources raises GBP540,000 via placing of shares at 1.5p

(Alliance News) - East Star Resources PLC on Monday said that it has raised gross proceeds of GBP540,000 via a placing of 36.4 million new shares at 1.5 pence each.

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20 Sep 2023 19:15

TRADING UPDATES: Thor Energy fundraise to support drilling activities

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

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10 Jul 2023 10:31

East Star to begin site works on Verkuba exploration project

(Alliance News) - East Star Resources PLC on Monday said it will begin initial site works at its Verkuba copper deposit this week.

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