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EARNINGS SUMMARY: Asia Strategic revenue rises; BiON loss narrows

Tue, 31st Jan 2023 19:27

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Asia Strategic Holdings Ltd - Singapore-based developer and operator of consumer businesses located in emerging Asia - Reports revenue of USD17.9 million in the year to September 30, up 19% year-on-year from USD15.0 million. Attributes this to the sharp turnaround of the Education segment's performance in Myanmar during the year. Pretax loss narrows slightly to USD5.9 million from USD6.0 million a year prior. Does not recommend the payment of dividends for the financial year, as the company needs to conserve cash for working capital and future expansion.

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BiON PLC - Kuala Lumpur-based renewable energy services - Pretax loss for the six months to October 31 narrows to GBP99,000 from GBP1.7 million, as administrative expenses fall to GBP99,000 from GBP898,000. Records no revenue in the period, from GBP98,000 the year prior. Costs of sales fall to none from GBP738,000. Explains that it was a cash shell in the half-year period, having disposed of its operating entity on April 19.

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Psych Capital PLC - London-based psychedelic medicines media and investor - Records a pretax loss of GBP929,932 in the half-year to October 31, down from profit GBP136,003 a year before. Administrative expenses widen to GBP439,760 versus GBP279,937 a year before. Fair value gains on fixed asset investments swing to a loss of GBP253,594 from a profit of GBP415,940. Reports revenue of GBP157,021, up from none compared to the same period a year before, due to "the success of hosting the inaugural PSYCH Symposium."

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Nexus Infrastructure PLC - Essex, England-based infrastructure services provider - Pretax loss for the year that ended September 30 narrows to GBP909,000 from GBP1.7 million a year before. Revenue jumps 26% to GBP98.4 million from GBP78.0 million, due to high levels of activity on site. Says that trading in the first quarter of financial 2023 is in line with expectations.

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NWF Group PLC - Cheshire, England-based agricultural feed, food and fuel distributor - Swings to a pretax profit of GBP5.9 million in the half-year to November 30, from a loss of GBP4.4 million a year before. Revenue rises 35% to GBP541.8 million from GBP402.6 million a year before. Says that all divisions traded ahead of its expectations at the end of the first half, continuing to demonstrate the "resilience" of the company. Maintains its interim dividend at 1.0p. "We have delivered a record first half with a good performance from all three divisions in spite of an uncertain economic outlook and inflationary pressures. NWF has continued to demonstrate its resilience as a business and has significant further growth opportunities. The acquisition of Sweetfuels in December highlights delivery of our growth strategy to consolidate the fragmented fuels distribution market. We have started the important winter period well and continue to focus on the long-term growth of the group, with a clear investment strategy, which is supported by a strong financial position," Chief Executive Richard Whiting comments.

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Newmark Security PLC - security services provider - Swings to a pretax profit of GBP371,000 in the six months to October 31 from a loss of GBP879,000 a year before. Administrative expenses decrease by 11% to GBP3.6 million from GBP4.0 million, driven by a number of cost-saving initiatives. Revenue rises 10% to GBP10.6 million from GBP9.7 million. Attributes this to a strong performance in the People and Data Management division with double-digit growth in both HCM and Access Control.

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Gresham House Renewable Energy VCT 1 - investment firm - Net asset value per share as at September 30 stands at 92.3 pence versus 90.2p as at October 1, 2021. Records a NAV total return of 1.4%, up from negative 6.8%. Declares a dividend in respect of the year ended September 30 of 2.0p per share.

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Gresham House Renewable Energy VCT 2 - investment firm - NAV per share as at September 30 amounts to 91.3p versus 89.3p as at October 1, 2021. Records a NAV total return of 1.4%, up from negative 6.7%. Declares a dividend in respect of the year ended September 30 of 2.0p per share.

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Inland ZDP PLC - wholly-owned subsidiary of housing plot developer Inland Homes PLC - Net asset value as at September 30 stands at 186.19p, up from 176.86p on the same date a year before. Share price as at September 30 increases to 174.00p from 168.50p. Notes that the asset value and the accrued capital entitlement will continue to increase as its repayment date approaches.

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Guild Esports PLC - London-based e-sports company - Pretax loss in the year period to September 30 narrows to GBP8.7 million from GBP8.8 million. Revenue jumps to GBP4.4 million from GBP1.9 million a year before. Attributes the revenue growth to a "significant step up" in sponsorship income from 2021. Sponsorship more than doubled to GBP3.2 million from GBP1.2 million.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Oct 2023 11:11

IN BRIEF: Inland ZDP shares suspended as Inland Homes assets sold

Inland ZDP PLC - special purpose vehicle formed to issue zero dividend preference shares and lend the money raised to developer Inland Homes PLC - Shares are suspended from trading on London Main Market from Thursday, after Inland Homes shares were cancelled from AIM on Wednesday. Inland Homes fell into administration last week, following a breach of debt covenants and the departure of its co-founder, Nish Malde. The administrators, David Hudson and Phil Armstrong of FRP Advisory Trading Ltd, have received expressions of interest in assets of Inland Homes, Inland ZDP says, but the amounts and timing of the realisation process cannot be predicted yet. As a result, Inland ZDP requested its shares be suspended from trading.

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30 Aug 2023 11:43

IN BRIEF: Inland Homes notes possible breach in loan with Inland ZDP

Inland Homes PLC - Southern England-focused brownfield developer, housebuilder and partnership housing company - Notes possible breach of loan covenant with Inland ZDP PLC, its wholly-owned subsidiary. Inland ZDP also notes this. Inland Homes says it is considering possible provisions to be made against certain asset values in its accounts with its auditors. Says the mounts of any such provisions, which have not yet been determined, "appear likely to trigger a breach" in the loan covenant between both parties. Inland ZDP says a further announcement will be made "as soon as the asset values (net of any relevant provisions) have been determined".

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30 Jun 2023 18:54

IN BRIEF: Inland ZDP with no profit or loss, unchanged from a year ago

Inland ZDP PLC - wholly-owned subsidiary of housing plot developer Inland Homes PLC - In the six months to March 31, breaks even with no profit or loss, unchanged from a year ago. Revenue completely generated via interest income grows slightly to GBP876,000 from GBP848,000, exactly the same as the increase in finance costs, to GBP876,000 from GBP848,000. Chair Nishith Malde says: "Inland Homes has a business plan for managing its cash flows and meeting its obligations to ZDP shareholders, retaining flexibility to adapt to circumstances rather committing to a fixed source of repayment."

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30 Jun 2022 13:59

EARNINGS UPDATES: UK Oil & Gas and 7digital post widened losses

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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31 Jan 2022 22:07

TRADING UPDATES: MJ Hudson and Tandem see results ahead of views

TRADING UPDATES: MJ Hudson and Tandem see results ahead of views

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30 Jun 2021 20:32

TRADING UPDATES: Inland Homes loss slims; Velocity outlook optimistic

TRADING UPDATES: Inland Homes loss slims; Velocity outlook optimistic

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8 Feb 2021 10:46

AIM WINNERS & LOSERS: Bahamas Petroleum Sinks As Pulls Plug On Well

AIM WINNERS & LOSERS: Bahamas Petroleum Sinks As Pulls Plug On Well

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8 Feb 2021 10:08

Inland Homes Full-Year Profit Drops; Chair Roydon To Step Down

Inland Homes Full-Year Profit Drops; Chair Roydon To Step Down

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1 Feb 2021 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

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31 Jan 2020 10:39

Inland Homes Hails "Significant Progress" In 15 Months To September

Inland Homes Hails "Significant Progress" In 15 Months To September

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7 Nov 2019 18:17

Inland ZDP To Raise GBP2.7 Million For Inland Homes Developments

Inland ZDP To Raise GBP2.7 Million For Inland Homes Developments

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19 Mar 2019 12:17

Inland ZDP Increases Final Entitlement To Owner Inland Homes

LONDON (Alliance News) - Inland ZDP PLC on Tuesday said its shareholders voted to add five years to the redemption date for its loan agreement with owner Inland Homes PLC in the first half, final

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16 Oct 2018 12:24

Inland ZDP To Raise GBP2.3 Million Through Share Placing (ALLISS)

LONDON (Alliance News) - Inland ZDP PLC said Tuesday it will raise up to GBP2.3 million via share placing to fund a loan to its holding company.The company plans to issue 1.5 million zero

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12 Oct 2018 18:16

Inland ZDP Asset Value Increases As Loan Repayment Approaches

LONDON (Alliance News) - Inland ZDP PLC said Friday the asset value of its zero dividend preference shares increased in its financial year as its loan repayment date approaches.The company,

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