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(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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Hostelworld Group PLC - Dublin-based hostel booking company - Net bookings for 2023 rise 37% to 6.5 million from 4.8 million in 2022, "driven by strong growth across all regions and in particular, Asia". Net revenue rises 34% to a "record" EUR93.3 million from EUR69.7 million. Pretax loss is EUR1.1 million, narrowed from EUR17.9 million. Returns to profit on earnings per share basis. Basic EPS amounts to 4.21 euro cents, swinging from a loss of 14.71 cents. Company starts the current year "with strong momentum". "With our record performance in 2023 and substantial progress in strengthening our balance sheet, I believe we are strongly positioned to deliver against our medium-term financial commitments," adds Chief Executive Officer Gary Morrison.
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Capital Metals PLC - mineral sands exploration company focused on Sri Lankan projects - The Geological Survey & Mines Bureau intends to process the firm's seven outstanding applications for industrial mining licences. Company expects this to facilitate the granting of further IMLs to underpin its mine plan for the EL168 licence area. Is also "in advanced discussions" with the Coast Conservation Department to obtain a mining permit for CCD-managed land within EL168. Final preparations are in progress to start the Aircore and Sonic rig drilling programmes in April; further studies also will be conducted on the potential value from garnet and monazite minerals neglected in historical studies. Finally, work has started on the environmental impact assessment for the EL199 tenement area.
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Gulf Investment Fund PLC - Isle of Man-based investment fund focusing on Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait and Oman - Announces launch of tender offer for up to 100% of each shareholder's interest in the company. Says price will be determined once its assets have been valued and allocated to either the 'continuing pool' or the 'tender pool'. Expects costs associated with the tender offer to be approximately USD100,000. Says realisation of the 'tender pool' should start on April 16.
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Cambridge Cognition Holdings PLC - Cambridgeshire, England-based company developing and marketing digital brain health assessment solutions - Announces formation of Scientific Advisory Board to support the company in capitalising effectively on market trends, and help its technologies and services to keep adapting to the "intricate and changing landscape for life science companies". Says the SAB "will provide scientific guidance and valuable market insights, primarily focusing on addressing emerging trends...It will also review and advise on product strategies, scientific approaches, and evidence-generation for regulatory and data strategies."
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By Emma Curzon, Alliance News reporter
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