(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Harland & Wolff Group Holdings PLC - London-based offshore construction company - Revenue in first six months of the year climbs to GBP15.4 million from GBP4.1 million last year. Pretax loss widens to GBP17.6 million from GBP9.3 million last year. Says it will not declare an interim dividend. Continues to maintain full-year revenue guidance of between GBP65 million and GBP75 million by the end of financial year 2022. Says it is seeing a "significant" increase in revenue from key projects that were contracted at the beginning of third quarter, as well as the fourth quarter being the "peak" cruise and ferry repair season. "After a slow start this year, we have now gained significant momentum with the rapid execution of three major contracts. As we announce these interim results, we have a backlog of over GBP100 million, a record level for the company, affording us strong future visibility of revenue.," says Chief Executive John Wood.
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Challenger Energy Group PLC - Caribbean and Atlantic-margin focused oil and gas company - Says net petroleum revenue in first half of 2022 was up to USD2.7m compared to USD2.3 million in the same period in 2021. Swings to pretax profit USD4.3 million, compared to a loss of USD11.8 million last year. Finance costs fall to USD275,000 from USD5.5 million year-on-year.
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IDE Group Holdings PLC - Edinburgh-based network, cloud and IT managed services - Posts revenue for first six months of 2022 of GBP6.7 million compared to GBP7.6 million last year. Pretax loss widens to GBP1.2 million from GBP120,000 in 2021. Says it is pleased with trading as it builds towards a profitable cash year. Expects full-year financial year 2022 results to be in line with financial year 2021 results, on a like for like basis. "The first six months of the year has been a period of laying the foundations for future growth, following the disposal of the Connect division. The group has taken advantage of this period to continue to restructure the operational side of the business and focus on expanding our network of partners," says Non-Executive Chair Andy Parker.
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Mirada PLC - Surrey, England-based broadcasting technology firm - Revenue in financial year to March 31 falls to USD11.0 million, from USD11.1 million last year. Pretax loss narrows to USD2.9 million from USD3.2 million. Financial year 2022 staff costs narrow to USD6.5 million from USD7.1 million, whilst total admin expenses narrow to USD13.0 million from USD13.4 million. Says outlook remains unchanged and that the new financial year will be "one of significant commercial progress". Adds that it has a "record" sales pipeline. "We have invested heavily and developed several strategic initiatives ahead of the curve that position us at the centre of emerging TV and video service trends. Assuming the worst of the pandemic is now behind us, I am confident Mirada is equipped to return to its pre-Covid trajectory and grow in a meaningful and sustainable way," Chief Executive Jose-Luis Vazquez adds.
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By Sophie Rose; sophierose@alliancenews.com
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