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EARNINGS SUMMARY: Eagle Eye profit up; Litigation Capital optimistic

Tue, 14th Mar 2023 17:39

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

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Aptamer Group PLC - York, England-based company which develops custom affinity binders through its Optimer platform to enable new approaches in therapeutics, diagnostics and research applications - Half-year pretax loss in the six months to December 31 widens to GBP3.0 million from GBP1.2 million a year prior, as administrative expenses increase to GBP3.0 million from GBP1.2 million. Revenue falls to GBP1.0 million from GBP1.4 million. Loss per share widens to 3.81 pence from 1.83p. Looking ahead, Aptamer anticipates "significantly" higher revenue in the second half of financial 2023 as some of its current contracted development projects near completion or start secondary phases. Aptamer expects revenue in line with market expectations for the full year.

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Berkeley Energia Ltd - clean energy company focused on bringing wholly owned Salamanca project in Spain into production - Turns to interim loss for the six months to December 31 as gain from fair value movements drops. Pretax loss is AUD849,000 - around GBP465,083 - compared to a profit of AUD63.8 million a year ago. Gain from fair value movements drops to AUD633,000 from AUD64.1 million. Looking ahead, company says outlook for nuclear power and uranium market continues to strengthen.

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Croma Security Solutions Group PLC - Fareham, England-based security services provider - Pretax profit in the six months to December 31 grows to GBP254,000 from GBP189,000 a year prior, as revenue climbs to GBP3.8 million from GBP3.0 million. Cost of sales widen to GBP2.1 million from GBP1.8 million. Looking ahead, company says it is trading well with potential for further growth. The planned sale of its subsidiary Croma Vigilant, previously announced in December, continues as Croma hopes for this to resolve by the end of the current financial year ending on June 30.

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Eagle Eye Solutions Group PLC - London-based marketing solutions provider - Reports pretax profit of GBP855,000 in the six months to December 31, up 48% from GBP578,000 a year ago. Revenue grows to GBP20.0 million from GBP15.1 million. Says entered second half of financial 2023 in a "strong position" with continued annual recurring revenue growth. Adds that it expects revenue and adjusted earnings before interest, tax, depreciation and amortisation for financial 2023 ending June 30 to be ahead of current market expectations. Says the expectations are revenue of GBP37.8 million, up 19% from GBP31.7 million a year ago, and adjusted Ebitda of GBP7.5 million, 15% higher than GBP6.5 million a year before.

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Litigation Capital Management Ltd - asset manager specialising in dispute financing solutions - Turns to a pretax loss of USD10.9 million in the six months to December 31, from a profit of USD4.0 million a year ago, as litigation service revenue declines to USD4.7 million from USD19.3 million. Looking ahead, expects more investment opportunities, noting relaxations of moratoriums against insolvency and restructuring disputes. During the Covid pandemic, many governments introduced such moratoriums.

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Sovereign Metals Ltd - Perth, Australia-based, Malawi-focused mining company - Pretax loss in the six months to December 31 widens to AUD8.5 million from AUD7.7 million, as exploration and evaluation expenses widen to AUD5.8 million from AUD4.2 million. Company says it is well advanced with the pre-feasibility study for the Kasiya rutile project in Malawi, with the study on track to be completed in the first half of 2023.

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Tekmar Group PLC - Darlington, England-based technology and services provider for offshore energy markets - Releases figures for financial year to September 30, compared to 18 months to September 30, 2021, as it changed its financial year. Pretax loss narrows to GBP5.2 million from GBP5.8 million. Revenue falls to GBP30.2 million from GBP47.0 million. Looking ahead, company expects breakeven adjusted earnings before interest, tax, depreciation and amortisation for current financial year 2023, compared to an adjusted Ebitda loss of GBP2.1 million in financial 2022. For financial 2024, anticipates positive adjusted Ebitda.

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Thor Energy PLC - US and Australia-focused uranium and energy metals resource company - Pretax loss in the half-year to December 31 narrows to GBP8,000 from GBP783,000 a year ago. Anticipates a positive outlook for gold prices amid the ongoing Russian war in Ukraine. Regarding the Kapunda project, expects approval from South Australia's Department of Energy & Mines in the third quarter of 2023.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
11 Apr 2022 13:57

Director dealings: Litigation Capital chair invests, Redrow director moves shares to ISA

(Sharecast News) - Litigation Capital Management was at the top of the list of buys on Monday, after its chairman spent more than a quarter-of-a-million pounds on its shares.

Read more
15 Mar 2022 20:54

TRADING UPDATES: Sancus expects revenue drop; Gresham assets grow

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

Read more
8 Mar 2022 16:07

UK earnings, trading statements calendar - next 7 days

Wednesday 9 March 
888 Holdings PLCFull Year Results
Alfa Financial Software Holdings PLCFull Year Results
Biffa PLCFull Year Results
Breedon Group PLCFull Year Results
Costain PLCFull Year Results
Foresight Solar Fund LtdFull Year Results
Headlam Group PLCFull Year Results
Ibstock PLCFull Year Results
Kier Group PLCFull Year Results
Legal & General Group PLCFull Year Results
Network International Holdings PLCFull Year Results
Prudential PLCFull Year Results (at 0400 GMT)
Quilter PLCFull Year Results
Somero Enterprises IncFull Year Results
STV Group PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
Thursday 10 March 
AMTE Power PLCHalf Year Results
Balfour Beatty PLCFull Year Results
Boohoo Group PLCTrading Statement
Brooks Macdonald Group PLCHalf Year Results
Capital LtdFull Year Results
DS Smith PLCQ3 Results
Forterra PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Hill & Smith Holdings PLCFull Year Results
IG Group Holdings PLCFull Year Results
James Fisher & Sons PLCFull Year Results
Just Group PLCFull Year Results
National Express Group PLCFull Year Results
Oakley Capital Investments LtdFull Year Results
Savills PLCFull Year Results
Secure Income REIT PLCFull Year Results
Spirax-Sarco Engineering PLCFull Year Results
Spirent Communications PLCFull Year Results
Volution Group PLCHalf Year Results
Friday 11 March  
Berkeley Group Holdings PLCTrading Statement
SIG PLCFull Year Results
Monday 14 March  
Abcam PLCFull Year Results
Bodycote PLCFull Year Results
Craneware PLCHalf Year Results
Fonix Mobile PLCHalf Year Results
Hostmore PLCFull Year Results
Phoenix Group Holdings PLCFull Year Results
Stelrad Group PLCFull Year Results
Tuesday 15 March  
Aptitude Software Group PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Ferguson PLCHalf Year Results
Genel Energy PLCFull Year Results
Genuit Group PLCFull Year Results
Informa PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Malin Corp PLCFull Year Results
Petrofac LtdFull Year Results
Smart Metering Systems PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
TI Fluid Systems PLCFull Year Results
TP ICAP PLCFull Year Results
Ultra Electronics Holdings PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
14 Feb 2022 12:08

Litigation Capital finance chief appointed to board

(Sharecast News) - Dispute financier Litigation Capital Management announced the appointment of its chief financial officer Mary Gangemi to its board on Monday, with immediate effect.

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7 Feb 2022 13:26

Director dealings: Litigation Capital chair makes £0.54m purchase

(Sharecast News) - Litigation Capital Management disclosed a share purchase made by its chairman on Monday, worth more than £0.54m.

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6 Jul 2021 10:40

Litigation Capital to fund competition action against GTR

(Sharecast News) - Dispute financing provider Litigation Capital Management has entered into a new litigation finance agreement with Edward Vermeer and David Boyle, it announced on Friday.

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23 Jun 2021 09:01

Litigation Capital to finance additional Comet liquidator

(Sharecast News) - Dispute financial specialist Litigation Capital Management has entered an agreement to provide a finance facility to Geoffrey Carton-Kelly, a partner of FRP Advisory, as additional liquidator of CGL Realisations, which until 21 October 2019 was known as Comet Group.

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19 May 2021 14:07

Litigation Capital agrees to finance Carillion dispute

(Sharecast News) - Dispute finance provider Litigation Capital Management has entered into a new litigation finance agreement with certain Carillion entities, in liquidation, it announced on Wednesday.

Read more
23 Mar 2021 13:12

Tuesday broker round-up

(Sharecast News) - Fevertree: Barclays upgrades to buy with a target price of 2,500p.

Read more
22 Feb 2021 14:29

Litigation Capital secures new $50m credit facility

(Sharecast News) - Alternate asset manager and dispute financier Litigation Capital Management announced on Monday that it has secured a $50m credit facility with Northleaf Capital Partners, to provide it with additional investment capital.

Read more
24 Aug 2020 11:21

Litigation Capital executes finance agreement with building contractor

(Sharecast News) - Dispute financing company Litigation Capital Management (LCM) has executed a portfolio finance agreement, it announced on Monday, to provide a "significant" finance facility to a subsidiary of a global building and infrastructure contractor, to fund a portfolio of its construction claims.

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10 Jul 2020 08:51

Litigation Capital Management flags delays in court proceedings

(Sharecast News) - Dispute financing specialist Litigation Capital Management updated the market on its recent trading on Friday, reporting "consistent performance" since its half-year results, which it said was reflected in its nine-year portfolio return on invested capital of 134%, and its cumulative portfolio internal rate of return of 78%.

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26 May 2020 12:54

Litigation Capital prepared for new Australian regulations

(Sharecast News) - Dispute financing company Litigation Capital Management responded to an announcement from Australia's federal treasurer Josh Frydenberg on Tuesday, that litigation funders operating in the country would be subject to new regulation requiring them to obtain and maintain an Australian Financial Services License (AFSL).

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20 Apr 2020 12:13

Litigation Capital Management concludes joint venture with Vannin

(Sharecast News) - Disputes financing company Litigation Capital Management announced the conclusion of its joint venture arrangement with Vannin Capital, and associated profit of AUD 2.45m (?1.25m) on Monday.

Read more
3 Sep 2019 16:17

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 4 September Oxford BiomedicaHalf Year ResultsDunelm GroupFull Year Year Income

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