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Pin to quick picksGreatland Gold Share News (GGP)

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TRADING UPDATES: Science Group swings to profit, eEnergy revenue grows

Tue, 09th Mar 2021 17:07

(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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Science Group PLC - Cambridge-based scientific consultancy services firm - For 2020, swings to pretax profit of GBP6.4 million from loss of GBP1.6 million, on revenue that grew 29% year-on-year to record levels of GBP73.7 million from GBP57.2 million, driven by a full year contribution from Frontier Smart Technologies. Declares dividend of 4.0 pence per share. Remains optimistic on its continued progress in 2021, following a good start in spite of economic uncertainty.

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eEnergy Group PLC - energy efficiency services provider based in London - For the six months ended December 31, pretax loss narrows to GBP888,000 from GBP1.1 million the year before, as operating expenses more than doubled to GBP3.2 million from GBP1.5 million, including one-off reverse acquisition costs, while revenue more than tripled to GBP6.8 million from GBP2.0 million. Organic revenue more than doubled to GBP4.0 million. For the year ending June 30, expects to achieve a breakeven net income before exceptional items, with revenue and profit set to be in line with management expectations.

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Orchard Funding Group PLC - Luton-based finance company - For the six months ended January 31, pretax profit down 39% at GBP610,000 from GBP1.0 million, on revenue that declined 19% year-on-year to GBP2.3 million from GBP2.9 million. As at January 31, loan book drops to GBP27.9 million from GBP34.0 million the same date the year before, and lending volumes fell 21% to GBP30.0 million from GBP37.9 million.

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Greatland Gold PLC - precious and base metals exploration and development in Western Australia and Tasmania - For the six months ended December 31, pretax loss widens slightly to GBP2.7 million from GBP2.6 million the year before, on no revenue generated for the current period. During the period, the Haveieron project delivered an initial inferred mineral resources estimate of 52 million tonnes for 3.4 million ounces in gold, 160,000 tonnes of copper and 4.2 million gold equivalent.

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Headlam Group PLC - floor covering firm - For 2020, swings to statutory pretax loss of GBP17.1 million from profit of GBP35.2 million, due to most of its UK operations being closed as a result from late March to the end of June. In addition, there were goodwill impairment charges, mainly in relation to Domus, which suffered considerably from delays and cancellations to projects. In addition, revenue declined 15% year-on-year to GBP609.2 million from GBP719.2 million, following a much weaker first half and a second half recovery. Looking ahead, trading in first two months were soft as non-essential retail businesses remaining closed under lockdown. Plans to resume dividend payments in 2021.

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Brand Architekts Group PLC - Teddington, south west London-based personal care and beauty products - For the six months ended December 31, pretax profit rises to GBP435,000 from GBP302,000 for the 28 weeks ended January 11, 2020. Revenue for the period declined 15% year-on-year to GBP9.0 million from GBP10.6 million, as Covid-19 affected high street sales and consumer footfall. Declared no total dividend per share, down from 0.9 pence the prior year.

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Angus Energy PLC - UK-focused onshore oil and gas development company - For 2020, pretax loss narrows to GBP2.5 million from GBP5.0 million the year before, on smaller impairment charges and administrative costs, and in spite of a drop in revenue to GBP68,000 from GBP200,000. Looking ahead, Angus is planning for an extended well test at Balcombe and intends to resume production at Brockham and Lidsley.

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Gresham Technologies PLC - London-based software and services company - For 2020, pretax profit edges up at GBP308,000 from GBP303,000, while adjusted earnings before interest, tax, depreciation and amortisation rose 10% to GBP4.5 million from GBP4.1 million, due to a slight drop in administrative expenses. However, revenue dipped 1% year-on-year to GBP24.8 million from GBP25.0 million. Declares final dividend of 0.75 pence per share, in line with year before.

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Abingdon Health PLC - developer and manufacturer of rapid tests - For the six months ended December 31, pretax loss widens further to GBP1.6 million from GBP775,000 the year before, due to a sharp rise on the cost of sales and more than doubled administrative expenses. This was in spite of revenue rising significantly to GBP7.7 million from GBP1.6 million, driven mainly by its contract with the UK Department of Health & Social Care for the supply of AbC-19 Covid-19 rapid test. Looking ahead, the tier one order pipeline for the test continue to grow, giving confidence of Abingdon's performing in line with market expectations for the current financial year.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Greatland Gold updates on Newmont acquisition of its Havieron partner

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Greatland reports latest progress at Havieron

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25 Jul 2023 15:13

Greatland Gold completes drilling as Havieron development progresses

(Alliance News) - Greatland Gold PLC on Tuesday said it has completed two drilling programmes at its projects, and is making progress with its Havieron development, and is awaiting assay results.

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25 Jul 2023 10:53

Greatland makes solid progress on exploration, development

(Sharecast News) - Mining exploration company Greatland Gold reported substantial development at the Scallywag and Paterson South projects on Tuesday, as well as advancements on the Havieron decline development.

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7 Jul 2023 09:31

LONDON BROKER RATINGS: HSBC raises ConvaTec; Berenberg cuts BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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26 Jun 2023 11:43

Greatland Gold commences maiden drilling campaign at Paterson South

(Alliance News) - Greatland Gold PLC on Monday said it began a maiden drilling campaign at Paterson South project, while also noting drilling at two targets.

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26 Jun 2023 09:40

Greatland kicks off drilling campaign at Paterson South

(Sharecast News) - Explorer and developer Greatland Gold announced the start of its maiden drilling campaign at the Paterson South Project on Monday.

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19 Jun 2023 12:15

IN BRIEF: Greatland Gold finds high-grade gold and copper at Havieron

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Says it continues to intersect high-grade copper and gold mineralisation at the south east crescent of its 70%-owned Havieron project. Notes intersections of 6.6 grams of gold per tonne and 0.26% copper over 32 metres, as well as 46 metres at 4.2 grams of gold per tonne and 0.16% copper. Adds that it has completed 2,400 metres of drilling so far, including 1,700 metres of advance in the main access decline.

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19 Jun 2023 09:58

Greatland pleased with recent progress at Havieron

(Sharecast News) - Greatland Gold updated the market on its Havieron project in Western Australia on Monday - a joint venture with Newcrest Mining, which holds a 70% stake.

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5 Jun 2023 12:07

IN BRIEF: Greatland Gold soon to complete Tasmanian tenements sale

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Says divestment of Firetower and Warrentina tenements in Tasmania will formally complete on or around this Friday. Company agreed to sell tenements to Flynn Gold Ltd for an initial consideration of AUD200,000, or around GBP106,344, via the issue of 2.0 million shares in Flynn Gold at AUD0.10 per share. Purchase also includes deferred consideration of AUD500,000 upon definition of at least 500,000 ounces of gold within one or both tenements; a further AUD500,000 upon issues of a mining permit for any part of the tenements; and a 1% net smelter royalty payable to Greatland from any production from the tenements.

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1 Jun 2023 14:13

IN BRIEF: Greatland Gold names Newcrest as manager of Juri JV

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Says Newcrest Mining Ltd, its joint venture partner, will become Juri's manager from July 1. The Juri JV is an unincorporated JV between Greatland, which holds 49%, and Newcrest which holds 51%. The JV was formed in November 2020 to accelerate exploration at the Paterson Range East and Black Hills exploration licences.

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Greatland to transfer management of Juri to Newcrest Mining

(Sharecast News) - Greatland Gold announced on Thursday that the management of the Juri Joint Venture would be transferred to its partner Newcrest Mining from 1 July.

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30 May 2023 15:38

Greatland inks farm-in and joint venture with Rio Tinto

(Sharecast News) - Greatland Gold announced the signing of a farm-in and joint venture arrangement with Rio Tinto on Tuesday, which it said would expedite exploration efforts across 1,884 square kilometres of highly prospective tenure within the Paterson Province of Western Australia, known as the Paterson South Project.

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