(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Thursday and not separately reported by Alliance News:
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Financials Acquisition Corp - Cayman Islands-based special purpose acquisition company - Records interest income of GBP153,051 in the period from August 31 to June 30. This is largely due to share-based payment expenses of GBP5.9 million. Total expenses amount to GBP6.4 million.
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MiLOC Group Ltd - Hong Kong-based pharmaceutical and beauty product company - Pretax loss in the first half of 2022 narrows to HKD908,874, around GBP100,909, from HKD5.0 million a year before. Administrative expenses fall to HKD3.9 million versus HKD6.9 million. Revenue grows to HKD7.7 million from HKD4.0 million. This was attributable to increased revenue generated from the sale of CRUSHMETRIC SwitchPen. Cautions that it might continue to face challenges due to Covid-19.
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Zanaga Iron Ore Co Ltd - iron ore miner focused on Republic of Congo - In the six months to June 30, pretax loss narrows to USD526,000 from USD733,000 a year before. General expenses rise to USD160,000 from USD383,000. Says it made a number of "significant steps" in advancing solutions to unlock the key logistical challenges associated its Early Production project.
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Panthera Resources PLC - Africa and India-focused gold miner - Pretax loss for the year which ended March 31, widens to USD3.1 million from USD2.2 million, year-on-year. Exploration costs jump to USD1.4 million from USD631,131. Records no revenue, unchanged from a year before. Says it focused on advancing its gold projects in West Africa. Continues to focus on its Bhukia project in Rajasthan, India.
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Aura Energy Ltd - uranium projects in Mauritania and Sweden - Pretax loss in the year which ended June 30 widens to USD3.1 million versus USD3.0 million, year-on-year. Share-based payments jump to USD1.2 million from USD767,645. Records no revenue, unchanged from the year prior.
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Barryroe Offshore Energy PLC - oil and gas exploration company - Swings to a pretax loss of EUR2.3 million in the first half of 2022, from a profit of EUR1.6 million. This is due to finance income of EUR3.8 million that was absent in this period. "As Ireland grapples to define a secure energy transition plan in the face of the West's economic war with Russia, the Barryroe Field presents a unique opportunity to develop an indigenous source of oil and gas. Successful development of the Field will not only contribute to Ireland's energy security and transition to a carbon neutral economy, but will also create significant employment opportunities and provide strategic and fiscal value to the Irish economy, at no cost to the Irish taxpayer," Interim Chief Executive Alan Curran says.
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nanosynth group PLC - Nottingham, England-based digital monitoring and safeguarding systems manufacturer formerly known as Remote Monitored Systems - In the six months to June 30, pretax loss widens to GBP1.8 million from GBP1.2 million. Revenue drops to GBP133,116 versus GBP9,988.
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DP Eurasia NV - Amsterdam-based master franchisee of Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Pretax profit for the half-year to June 30 rises 77% to TRY140,000, around GBP6,567, from TRY79,000 a year before. Revenue rises 21% to TRY1.3 million from TRY1.0 million, "reflecting healthy growth". Continues to trade in line with its formal guidance. Anticipates that full-year adjusted earnings before interest, tax, depreciation, and amortization is going to be above current market expectations, due to inflation.
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San Leon Energy PLC - Dublin-based oil & gas exploration company - Swings to a pretax loss of USD8.3 million from a profit of USD8.5 million a year before. Attributable to a loss of equity accounted investments of USD12.5 million. Registers revenue of USD116,000 versus nothing in the prior period. Credits this to receipts in relation to royalties received in respect of legacy interests in the Netherlands.
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Immotion Group PLC - Manchester, England-based virtual reality entertainment company - Pretax loss in the first half to June 30 narrows to GBP328,000 from GBP1.1 million a year before. Revenue rises 91% year-on-year from GBP4.4 million versus GBP2.3 million. Credits this to the strength of its LBE business. Believes that there are "substantial untapped growth opportunities."
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By Abby Amoakuh; abbyamoakuh@alliancenews.com
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