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Pin to quick picksMetalnrg Plc Share News (MNRG)

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EARNINGS: Anglo-Eastern Plantations lifts dividend; profit falls

Tue, 30th Apr 2024 21:56

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

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Fadel Partners Inc - New York-based media rights and royalty management software developer - Revenue up 10% to USD14.5 million in 2023 from USD13.2 million a year earlier. "We have had an encouraging start to 2024 with strong bookings in Q1, however in line with an acceleration towards SaaS revenue by virtue of expected growth in the Brand Vision and LicenSee product lines, we now expect that reported revenue for 2024 will be behind previous market expectations. Revenue from our SaaS offerings will be an increasingly important key financial reporting metric for the Company," says Chief Executive Tarek Fadel.

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Strip Tinning Holdings PLC - Birmingham, England-based provider of connection systems to automotive sector - Revenue in 2023 rises to GBP10.8 million from GBP10.2 million a year earlier. Pretax loss narrows to GBP1.7 million from GBP5.5 million. Looking ahead, notes "strong momentum already demonstrated in 2024." Anticipates securing further major programmes across its Battery Technologies and Glazing product lines throughout 2024, with a significant new Cell Contact System win for the Battery Technologies division expected in the first half of the year. Executive Chair Adam Robson comments: "We are delighted with the progress we have made in stabilising our operations during FY23, driven by the improvements and reorganisations implemented in 2022 and into 2023."

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Amicorp FS (UK) PLC - international specialist fund services group - Revenue increases by 7.6% to USD12.8 million in 2023 from USD11.9 million a year earlier. Pretax profit falls to USD653,000 from USD3.1 million. Payroll and remuneration costs increase to USD7.2 million from USD5.4 million; other operating expenses increase to USD1.6 million from USD692,000. Looking ahead, says outlook "remains positive." Non-Executive Chair Toine Knipping says: "Following our successful move to the London Stock Exchange in June 2023, I am pleased to report on progress across the business for our maiden set of full year results. During the past twelve months, AMIF achieved a number of important strategic milestones, including continued geographic expansion with new office opened in Brazil, completion of demerger in Luxembourg and application for licences to operate in Dubai and Astana."

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Sivota PLC - investor in later-stage Israeli technology firms - Revenue in 2023 falls to USD5.6 million from USD5.9 million a year earlier. Pretax loss widens to USD12.3 million from USD5.1 million. Looking ahead, Sivota says: "Sivota remains well-positioned to capitalise on new and attractive investment opportunities within the Israeli technology marketplace. Although, we remain cognisant of the heightened risk in technology markets in general and the company's target market."

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African Pioneer PLC - natural resource explorer and developer focused on Sub-Saharan Africa - Total income in 2023 comes in at GBP34,799, swinging from a loss of GBP70,926 a year ago. Pretax loss widens to GBP689,213 from GBP670,871. Administrative costs climb to GBP724,012 from GBP599,965.

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Kanabo Group PLC - London-based healthcare technology and cannabis company - Revenue increases by 48% to GBP895,000 in 2023 from GBP603,000 a year earlier. Pretax loss narrows to GBP8.0 million from GBP8.9 million. CEO Avihu Tamir says: "Looking ahead, the future of Kanaboo is filled with promise and potential. We believe that our recent achievements position us well and setting the foundations for our growth in 2024 and beyond. We are confident in our ability to build a scalable business that meets our sector's demand and to seize growth opportunities."

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Hamak Gold Ltd - mining exploration and development company operating in Liberia - Operating loss narrows to USD660,000 in 2023 from USD3.7 million a year ago. Pretax loss narrows to GBP684,000 from GBP3.7 million. Executive Director Karl Smithson says: "The next phases of work will include detailed mapping and further trenching and channel sampling to help prioritise new drill targets aimed at intersecting gold mineralization that is clearly associated with the extensive 3km gold in soil anomaly and progress the Ziatoyah gold discovery towards the objective of resource status."

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MetalNRG PLC - London-based natural resources and energy-focused investor - Operating loss narrows to GBP1.6 million in 2023, from GBP1.7 million a year earlier. Pretax loss narrows to GBP1.5 million from GBP2.2 million.

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daVictus PLC - Subang Jaya, Malaysia-based investor, which is focused on Asia's food and beverage sector - Revenue in 2023 falls to GBP300,00, from GBP411,358 a year earlier. Pretax profit falls to GBP90,396, from GBP228,628. "Following a period of evaluation, we have found that providing restaurant management services represents a viable opportunity for revenue diversification. This strategic shift allows us to leverage our industry expertise and create additional value for our company," daVictus says. Looking ahead, says "remain cautiously optimistic about the future."

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Anglo-Eastern Plantations PLC - Indonesia and Malaysia-focused palm oil and rubber producer - Revenue in 2023 falls 17% to USD371.0 million from USD447.6 million a year earlier. Its pretax profit falls 41% to USD77.8 million from USD132.9 million. Explained that the fall is due primarily to the lower production and lower CPO prices. Anglo-Eastern lifts its annual dividend to 30.0 cents, from 25.0 cents.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
8 May 2024 15:07

IN BRIEF: MetalNRG raises GBP246,341 via subscription

MetalNRG PLC - London-based natural resources and energy-focused investor - Announces a subscription for 246.3 million shares at 0.1 pence each, raising GBP246,341. The price represents a premium of 60% to the closing mid-market price of 0.0625p per share on Tuesday. Net proceeds will be used to further advance potential acquisitions, including due diligence and advisory costs, and for general corporate purposes leading up to and including any proposed reverse takeover transaction.

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9 Feb 2024 09:18

IN BRIEF: MetalNRG raises GBP220,000 via convertible loan notes issue

MetalNRG PLC - London-based natural resources and energy-focused investor - Raises GBP223,000 via issue of convertible loan notes carrying a 15% annual coupon and convertible upon the earlier of the company completing a reverse takeover or two years from today. Says the proceeds raised through the issue, alongside an additional unsecured short-term loan of GBP150,000, will be used to undertake specific due diligence work on projects identified as potential reverse takeover targets and for general corporate purposes.

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24 Jan 2024 17:41

TRADING UPDATES: MetalNRG's legal settlement; Impellam confirms payout

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

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16 Jan 2024 14:03

UPDATE: Eqtec forms joint venture with CompactGTL for sustainable fuel

(Alliance News) - Eqtec PLC on Tuesday said it has entered a joint venture agreement with CompactGTL Ltd for renewable synthetic fuels.

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16 Jan 2024 10:55

Eqtec shares soar as MetalNRG hails loan drawdown for Italy plant

(Alliance News) - MetalNRG PLC on Tuesday congratulated Eqtec PLC as the latter celebrated the pending drawdown of a loan to finance its plant in Tuscany.

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9 Nov 2023 13:47

EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

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

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29 Sep 2023 14:19

EARNINGS AND TRADING: Barkby revenue dips; Ixico hurt by trial delays

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

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29 Sep 2023 11:22

SMALL-CAP WINNERS & LOSERS: Hydrogen Utopia up as taps cannabis market

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

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4 Sep 2023 11:28

MetalNRG eyes reverse takeover amid focus on mining; gets Italy loan

(Alliance News) - MetalNRG PLC on Monday said it has decided to focus on mining gold and copper, alongside other precious and strategic metals required for energy transition and new technology.

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14 Aug 2023 10:14

IN BRIEF: MetalNRG notes Lake Victoria Gold's sale of Imwelo project

MetalNRG PLC - London-headquartered investor in natural resources and energy - Notes Victoria Gold Ltd's proposed sale of its Imwelo Gold project to Vancouver-based mineral exploration company, Tembo Gold Corp under a licence purchase agreement. MetalNRG owns a minority equity interest in the Milton, Australia-based gold and mineral exploration company, Lake Victoria Gold. Says Tembo Gold will acquire Imwelo through its subsidiary Tembo Gold Tanzania Ltd. Says the offer is subject to "a number of conditions." Tembo Gold is a Vancouver-based mineral exploration company with a focus on Tanzania.

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21 Jul 2023 15:38

UK shareholder meetings calendar - next 7 days

Monday 24 July 
Barryroe Offshore Energy PLCEGM re proposed cancellation of admission to trading on AIM
Cranswick PLCAGM
discoverIE Group PLCAGM
MobilityOne LtdAGM
Plus500 LtdEGM to authorise share re-purchase
TClarke PLCGM re necessary resolutions to shareholders for placing of new ordinary shares
WANdisco PLCGM re increase of share capital
Tuesday 25 July 
ADM Energy PLCAGM
Atome Energy PLCAGM
B&M European Value Retail SAAGM
GlobalData PLCGM re capital reorganisation
JZ Capital Partners LtdAGM
MITIE Group PLCAGM
Molecular Energies PLCAGM
Polymetal International PLCAGM
Safestay PLCAGM
Verditek PLCAGM
Vodafone Group PLCAGM
Wednesday 26 July 
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Blackstone Loan Financing LtdAGM
BP Marsh & Partners PLCAGM
Eurasia Mining PLCAGM
Molten VenturesAGM
Motorpoint Group PLCAGM
NewRiver REIT PLCAGM
Ninety One PLC and LtdAGM
Norcros PLCAGM
Oracle Power PLCAGM
Palace Capital PLCAGM
ProBiotix Health PLCAGM
Seeen PLCAGM
Silverwood Brands PLCAGM
Triad Group PLCAGM
Water Intelligence PLCAGM
Zephyr Energy PLCAGM
Thursday 27 July 
Foresight Group Holdings LtdAGM
Marks Electrical Group PLCAGM
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Friday 28 July 
African Pioneer PLCAGM
Bezant Resources PLCAGM
Braveheart Investment Group PLCAGM
Cordiant Digital Infrastructure LtdAGM
DP Poland PLCAGM
Intuitive Investments Group PLCGM re proposals on investment strategy
Jangada Mines PLCAGM
Mercantile Ports & Logistics LtdAGM
MetalNRG PLCAGM
Northern 2 VCT PLCGM re party transaction
Polymetal International PLCGM re delisting
R&Q Insurance Holdings LtdAGM
Science in Sport PLCAGM
Urban Logistics REIT PLCAGM
Xtract Resources PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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3 Jul 2023 10:53

MetalNRG loss widens amid legal troubles and operational optimism

(Alliance News) - MetalNRG PLC on Monday said its pretax loss increased last year alongside "time consuming" legal issues which it said were "a drain on [our] finances," but also reported operational successes during the same period.

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23 Jun 2023 12:11

IN BRIEF: MetalNRG says EQTEC Italy JV completes handover protocols

MetalNRG PLC - investor in natural resources and energy - Confirms EQTEC Italia, its Italy-based waste-to-energy plant joint investment with London-based technology firm EQTEC PLC and two family offices, has completed handover protocols to EQTEC Italia and is transferring plant operations to EQTEC Italia MDC srl.

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5 May 2023 14:41

TRADING UPDATES: Alternative Income quarterly net asset value drops

(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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