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EARNINGS UPDATES: Attraqt widens annual loss; Chaarat swings to profit

Thu, 07th Apr 2022 18:09

(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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Mobeus Income & Growth 4 VCT PLC - venture capital trust managed by Gresham House Asset Management Ltd - Reports net asset value per share at December 31 of 111.27 pence, up 37% from 81.50p the previous year. NAV return per share stood at 43% for the year, up from 22% in 2020. Pretax profit doubles to GBP29.1 million from GBP14.5 million. Says it deployed GBP6.2 million of investment capital in the year and generated GBP12.2 million in realisation proceeds. Portfolio value at year-end stood at GBP65.6 million, up 57% from GBP41.7 million the previous year. Pays a total dividend of 9.0p for 2021.

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Kistos PLC - energy industry investor with licenses in the Netherlands - From the company's incorporation on October 14, 2020 to December 31, 2021 Kistos reports a pretax loss of EUR73.9 million and revenue of GBP89.6 million. Assets at year-end stand at GBP357.4 million. Production in the year stood at 157 million nanometres cubed and 1.9 million megawatt hours. Expects output to be higher in 2022. Says the year was when the company transitioned from an investing company to an operating business.

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Attraqt Group PLC - London-based provider of online search, merchandising and personalisation solutions for e-commerce - Widens pretax loss to GBP4.2 million in 2021 from GBP2.6 million the previous year. Revenue rises 8.9% to GBP22.9 million from GBP21.0 million. Software-as-a-service revenue rose 8% in the year while services revenue rose 16%. In the first quarter of 2022, company says new bookings stands at GBP1.5 million, up 15% against the previous year. Chief Executive Mark Adams says: "Despite having to once again navigate a turbulent year, I am pleased with the momentum that has been building across the business and is delivering on our expectations. We now have two innovative products, each specifically tailored to its market segment and with a refined go-to-market strategy." Expects to continue its "significant momentum" in 2022.

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Chaarat Gold Holdings Ltd - gold mining company focused on Armenia - Swings to a pretax profit of USD349,000 in 2021 from a loss of USD18.9 million. Revenue rises 22% to USD92.4 million from USD76 million. Chaarat explains that USD72.8 million of this figure relates to its own ore revenue and USD19.6 million relates to third-party ore revenue, with increases driven by more favourable commodity prices and higher third-party ore throughput. Finished the year with production of 63,000 gold equivalent ounces, beating guidance of 57,000 ounces. Chair Martin Andersson says: "The year 2022 started with a good steady operational performance but we are seeing more and more inflationary pressure flowing through due to the strong price environment."

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Merchants Trust PLC - invests mainly in higher-yielding large UK companies - For the year ended January 31, pretax profit totals GBP182.7 million, swinging from a loss of GBP64.8 million. Gains on investments totals GBP154.2 million, also swinging from a loss of GBP86.7 million the previous year. Net asset value at January 31 stands at 578.7 pence, up from 458.5p at the same time the previous year. The company's NAV total return for the period was 35.7% which it says was "comfortably" ahead of its benchmark index, the FTSE All-Share Index, return of 18.9%. Proposes a final dividend of 6.85p, up from 6.8p in 2020.

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North American Income Trust PLC - invests predominantly in S&P500 equities - Net asset value per share at January 31 rises to 318.79 pence from 262.48p at the same time the previous year. Company's NAV total return per share was 25.7%, underperforming the 26.3% total return for the company's reference index, the Russell 1000 Value Index. Swings to a GBP81.8 million gain on investments in the year ended January 31 from a loss of GBP40.1 million a year prior. Pretax return also swings to a profit, totalling GBP96.0 million against a loss of GBP21.6 million the previous year. Proposes a final dividend of 4.00p, down from 4.50p the previous year. However, if paid, the total dividend for the year will increase to 10.30p from 10.0p.

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Deltex Medical Group PLC - Chichester-based medical probes maker - Widens pretax loss to GBP978,000 in 2021, up from a loss of GBP794,000 the previous year. Revenue falls by 5.8% to GBP2.3 million from GBP2.4 million. Probe revenues declined by 9.6% while its Monitor revenue grew by 25%, reflecting improved trading in its International division. Says its principals markets were "effectively closed" during 2021 as elective surgical procedures were cancelled around the world due to the pandemic. Post pandemic, company says there is now a substantial backlog in elective surgical procedures which it says represents a "significant commercial opportunity" for Deltex Medical.

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Dunedin Income Growth Investment Trust PLC - Edinburgh-based UK and overseas companies investor - For the year ended January 31, company reports gains on investments of GBP17.6 million. The previous year Dunedin reported a loss on investments of GBP16.4 million. Swings to a pretax return profit of GBP35.5 million from a loss of GBP2.7 million. Net asset value per share at January 31 rises to 313.56p from 302.56p at the same time the previous year. The company's net asset value increased by 8.1% on a total return basis, underperforming its benchmark index, the FTSE All-Share Index, which produced a total return of 18.9%. Proposes a final dividend of 3.9p per share, making a total dividend of 12.9p which represents a 0.8% increase on the previous year.

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Crimson Tide PLC - Kent, England-based mobile software firm - Swings to a pretax loss of GBP575,000 in 2021 from a profit of GBP532,000 the previous year. Revenue rises 16% to GBP4.1 million from GBP3.5 million. In 2021, 85% of revenue was recurring revenue which increased by 24% in the year as a result of upselling additional modules to existing customers, Crimson Tide explains. Chair Barrie Whipp says: "The year was transformational for Crimson Tide as, for the first time in our history, we completed an institutional and private investor fund raise to support the next chapter in our growth. mpro5 continued to perform well with strong revenue growth, and we reached annualised recurring revenue of GBP4 million just after year-end. Our focus is now on sector and international growth, particularly in the United States and Northern Europe."

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Tracsis PLC - Leeds-based provider of software, hardware, data analysis, and services for the transport industries - In the six months to January 31, Tracsis reports a pretax profit of GBP1.3 million, up 16% from GBP1.1 million in the same half the previous year. First half revenue rises to GBP29.2 million, representing a 31% increase on the previous year's figure of GBP22.2 million. Notes "significant" revenue growth in the Data, Analytics, Consultancy & Events division but adds that the Rail Technology & Services division's revenue was at a similar level to the prior year. Says that third quarter trading has had an "encouraging" start with high activity levels. Declares an interim dividend of 0.9 pence per share. Expectations for the year ended July 31 remain unchanged.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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