Last checked at 
(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
----------
Cloudbreak Discovery PLC - Vancouver, Canada-based natural resource project generator - For year ended June 30, narrows pretax loss to GBP4.0 million from GBP5.6 million the prior year. Company delivers no revenue. Cash and equivalents total GBP244,074 at June 30, down from GBP310,578 at the same time in 2022. Total exploration and evaluation cash expenditures increase 59% to GBP590,845 from GBP370,848. Says that some projects are approaching the royalty payments stage, and that the outlook for the natural resources sector "looks robust". Interim Chief Executive Officer Andrew Male says: "As with most junior resource companies, it has been a challenging year...we have however continued to maintain and advance our projects, complete project advancement with our partners and begun to realise the value of some of the exploration and corporate assets we have."
----------
Crystal Amber Fund Ltd - Guernsey-based activist fund investing in small and mid-cap UK equities - Swings in year ended June 30 to a GBP2.1 million total loss, having delivered income of GBP6.8 million the year before. Net asset value per share as of June 30 is 93.33 pence per share, down from 145.03p at the same time last year. Says this was mainly due to returning GBP37.5 million to shareholders as cash dividends, equivalent to 45p per share. Company is "confident" that its investment manager "is ideally placed to continue to deliver impressive performance and realisations", despite the "deteriorating macroeconomic backdrop". Also says it has amended its management agreement with Crystal Amber Asset Management, with monthly fee now set at GBP57,500. Crystal Amber Fund says new fee structure gives more flexibility, although fee is subject to review on one month's notice.
----------
Bradda Head Lithium Ltd - North America-focused lithium development company - Says pretax loss for the half year ended August 31 widened to USD2.2 million from USD1.2 million for the same period the year before. Company does not generate revenue. It finished the final hole of its third drill programme at the lithium in clay Basin project in Arizona on August 10, and Chair Ian Stalker says the six-month period "has naturally been very busy". General & administrative expenses remain broadly flat at USD2.6 million. Bradda Head's cash & equivalents total USD1.5 million at August 31, down from USD7.7 million at February 28. Stalker adds that it is "well placed financially to continue its planned work programme well into 2024."
----------
Wildcat Petroleum PLC - Uxbridge, London-based investor in petroleum industry's upstream sector - Reports GBP261,997 pretax loss for the year ended June 30, narrowed from GBP305,744. Cash balance at June 30 is GBP135,765, down from GBP153,701 at the same time one year prior. Chair Mandhir Singh says the year was "an eventful but also frustrating one". Says production sharing agreement with the Sudanese government over four onshore blocks is "very unlikely" to be signed by the end of 2023 as intended, due to the attempted coup in Sudan in mid-April. Wildcat adds that it sees opportunity to buy oil and gas assets as an increasing number of traditional oil companies shift activities towards renewables.
----------
Hidong Estate PLC - George Town, Malaysia-headquartered investment company - Pretax profit for the half year ended September 30 decreases to MYR31,738, or GBP5,463.79, from MYR37,981 the previous year. Net income increases 2.6% to MYR127,703 from MYR124,496. Administrative expenses increase 9.7% to MYR95,964 from MYR87,515. Hidong declares no interim dividend, unchanged from financial 2022.
----------
By Emma Curzon, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.