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Pin to quick picksGoldstone Resources Share News (GRL)

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Share Price Information for Goldstone Resources (GRL)

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EARNINGS AND TRADING: Integrated Diagnostics returns to profit

Thu, 16th Nov 2023 17:53

(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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Value and Indexed Prop Income Trust PLC - investor in UK commercial property - Reports net asset value at September 30 was 228.0 pence, down 7.7% from 246.9p at March 31. Posts total return of negative 1.8% over the six months period compared to negative 0.5% for the MSCI UK Quarterly Property Index. Notes a first interim dividend of 3.2p was paid on October 27. A second dividend of 3.2p will be paid on January 26 with a targeted total dividend of 13.2p.

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Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Further to statement of November 13, company says that yesterday it received a letter from its principal secured creditor, Asian Investment Management Services Ltd, which contains the formal default notice regarding the outstanding Gold Loan. As a result, the company has 14 business days from the date of the letter, ending on December 4, to pay the amount due, following which the secured creditor will be entitled to enforce its security on the terms of the pledge agreement dated June 19 2020, the date on which the Gold Loan facility was made available. The letter states it is the creditor's preference to resolve the matter without enforcement action. Talks are ongoing to achieve such a resolution. Shares remain suspended.

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Golden Metal Resources PLC - Nevada, US-focused tungsten, gold, copper, silver and zinc exploration company - Reports pretax loss in the year ended June 30 of USD848,000, widened from USD821,000 the year prior. Income totalled USD30,000 compared to zero last year. Says it has positioned itself to be an important player in the western world's need to reduce its reliance from "unfriendly" countries for several key input metals. As the world continues to recognise the importance of secure metal supply chains, Golden Metal is uniquely well positioned, company says.

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Integrated Diagnostics Holdings PLC - consumer healthcare firm with operations in Egypt, Jordan, Sudan and Nigeria - Reports revenue in the third quarter rose 40% to EGP1.18 billion from EGP846 million the year before. Net profit totalled EGP176 million, swinging from a loss of EGP36 million.

Points out this was the strongest quarterly performance since the start of the year, capitalising on strong momentum seen during May and carrying on throughout the summer period. The quarter recorded a noticeable pickup in patient footfall and testing volumes, specifically in its two largest markets, Egypt and Jordan. Books record test volumes in the quarter, surpassing the 10.0 million test mark for a single quarter for the first time.

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Manolete Partners PLC - London-based insolvency litigation financing firm - Reports revenue in the six months ended September of GBP11.2 million, more than double last year's GBP5.5 million. Pretax profit totalled GBP920,000 swinging from a pretax loss of GBP5.5 million. Basic earnings per share was GBP0.01 compared to LPS of GBP0.10. Chief Executive Steven Cooklin says: "It is pleasing to report another six months of strong growth in the business. A 21% increase in case completions and a 116% increase in new case investments has translated into a 104% increase in total revenues and positive profitability and EPS in the first half of the current trading year." Points out the prior period was negatively impacted by fair value write downs. Ends the current half year with 417 live cases in-progress, 58% higher than at the same time last year. No dividend was paid.

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Aurrigo International PLC - Coventry, England-based autonomous and semi-autonomous vehicle technology provider - Announces retail offer to existing retail shareholders via the BookBuild Platform to raise up to around GBP0.3 million through the issue of up to 325,000 new shares at a price of 100 pence each. Fund raise is in addition to placing announced on Wednesday.

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Origin Enterprises PLC - Dublin-based agronomy services firm - Issues first quarter trading update. Reports solid growth in underlying group volumes of 1.3% compared to prior year. But says continued correction in global feed and fertiliser raw material pricing which led to a decrease in revenue of 26% to EUR532.5 million in the quarter compared to EUR716.2 million the year before. Explains while planting in parts of the UK has been delayed following a later harvest and adverse weather in recent weeks, it is reasonably well advanced with 1.4 million hectares of winter wheat drilled. Current expectation is that around 1.5 million will be drilled compared to last year's 1.8 million hectares. Autumn and winter cropping is expected to decrease marginally in Continental Europe with drought conditions delaying planting in Romania. Announces GBP20 million share buyback.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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