Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGem Diamonds Di Share News (GEMD)

Share Price Information for Gem Diamonds Di (GEMD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 13.85
Bid: 12.50
Ask: 13.50
Change: 0.05 (0.39%)
Spread: 1.00 (8.00%)
Open: 13.85
High: 13.85
Low: 13.85
Prev. Close: 12.95
GEMD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS SUMMARY: CloudCoCo revenue multiplies on recurring contracts

Thu, 16th Mar 2023 14:44

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

----------

Gem Diamonds Ltd - diamond producer with diamond mining operations in Lesotho and Botswana - Reports 2022 revenue of USD188.9 million, down 6.4% from USD201.9 million in 2021. Attributes fall to lower volume of carats recovered. Pretax profit falls 29% to USD30.4 million, from USD42.9 million. Declares no dividend, compared to 2.7 US cents per share in 2021, due to volatile economic outlook. Chief Executive Clifford Elphick comments: "Demand for [the Letseng mine's] large, high-value diamonds remains strong. The re-opening of China, the second largest diamond market, is expected to pave the way for a rapid rebound in economic activity, which bodes well for diamond prices in 2023."

----------

CloudCoCo Group PLC - London-based IT and communications for businesses and public sector - Reports 2022 revenue of GBP24.2 million, multiplying from GBP8.1 million in 2021, 67% of which was generated from recurring contracts. Pretax loss widens to GBP2.6 million, from GBP2.0 million a year ago, due to amortisation and depreciation costs. Loss per share 0.32 pence, narrowing from 0.42p loss in 2021. Says it is confident in delivering revenue growth and profitability in 2023.

----------

Eurocell PLC - window, door and roofline PVC products firm - Says 2022 revenue is GBP381.2 million, increasing 12% from GBP339.8 million the year prior. Attributes increase to increased selling price and surcharges. Pretax profit is GBP26.2 million, down 5.4% from GBP27.7 million a year ago, reflecting reduced sales volume. Declares final dividend of 7.2p per share, up from 6.4p in 2021, bringing total dividend to 10.7p per share. Chief Executive Mark Kelly says: "For the current year, the latest construction industry forecasts recognise the currently challenging market conditions and ongoing macroeconomic uncertainty. However, we have acted swiftly on cost to prepare the business for 2023 and we expect our strategy to enable us to optimise performance in our markets."

----------

Capital Ltd - mining services company with operations in Canada, Africa and the Middle East - Reportes 2022 revenue of USD290.3 million, increasing 28% from USD226.8 million in 2021, driven by the ramp up of MSALABS assay business and new drilling contract wins. Pretax profit fell 60% to USD32.6 million, from USD82.0 million a year ago, due to the non-cash investment loss of USD19.8 million. Declares final dividend of 2.6 US cents per share, up 8.3% from 2.4 US cents, bringing the total dividend to 3.9 US cents, from 3.6 US cents in 2021. Says expected revenue for 2023 is between USD320 million and USD340 million. "2022 has been another outstanding year for Capital marking the business's third consecutive year of material growth, but most pleasingly Capital enters 2023 with an even stronger underlying business," Chair Jamie Boyton says.

----------

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
13 Mar 2020 09:32

UK BROKER RATINGS SUMMARY: Citigroup Lifts RBS And Lloyds To Buy

UK BROKER RATINGS SUMMARY: Citigroup Lifts RBS And Lloyds To Buy

Read more
12 Mar 2020 12:55

Thursday broker round-up

(Sharecast News) - AJ Bell: Berenberg downgrades to sell with a target price of 280p.

Read more
11 Mar 2020 11:53

Shine comes off Gem as diamond market falters

(Sharecast News) - Gem Diamonds has reported a slide in full-year earnings and profits as the market battled oversupply, lower prices and weaker demand.

Read more
11 Mar 2020 09:35

Gem Diamonds Profit Falls Amid "Challenging" Diamond Market Conditions

Gem Diamonds Profit Falls Amid "Challenging" Diamond Market Conditions

Read more
4 Mar 2020 16:08

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
13 Feb 2020 10:32

Gem Diamonds Revenue Rises As Diamond Prices Improve

Gem Diamonds Revenue Rises As Diamond Prices Improve

Read more
13 Feb 2020 10:29

Gem Diamonds reports solid final quarter

(Sharecast News) - Gem Diamonds updated the market on its trading for the fourth quarter on Thursday, reporting a 41% improvement in revenue to $51.3m (?39.52m).

Read more
4 Feb 2020 15:36

Gem Diamonds Shares Rise As It Recovers 183 Carat Diamond

Gem Diamonds Shares Rise As It Recovers 183 Carat Diamond

Read more
4 Feb 2020 13:04

Tuesday broker round-up

(Sharecast News) - Keywords Studios: Berenberg upgrades to buy with a target price of 1,400p.

Read more
4 Feb 2020 11:02

Gem Diamonds recovers 183 carat diamond from Letseng

(Sharecast News) - Gem Diamonds said on Tuesday that it has recovered an exceptional 183 carat white Type IIa diamond from its Letseng mine in Lesotho.

Read more
15 Jan 2020 09:32

UK BROKER RATINGS SUMMARY: Goldman Raises Capita To Conviction Buy

UK BROKER RATINGS SUMMARY: Goldman Raises Capita To Conviction Buy

Read more
17 Dec 2019 09:31

UK BROKER RATINGS SUMMARY: JPMorgan Cuts Rio And BHP, Raises Anglo

UK BROKER RATINGS SUMMARY: JPMorgan Cuts Rio And BHP, Raises Anglo

Read more
2 Dec 2019 13:18

Monday broker round-up

(Sharecast News) - Ibstock: Jefferies downgrades to hold with a target price of 268p.

Read more
2 Dec 2019 09:28

UK BROKER RATINGS SUMMARY: RBC Upgrades Rio Tinto And Glencore

UK BROKER RATINGS SUMMARY: RBC Upgrades Rio Tinto And Glencore

Read more
29 Nov 2019 13:39

Gem Diamonds Meets With Shareholders Over Dividend Policy

Gem Diamonds Meets With Shareholders Over Dividend Policy

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.