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Share Price: 5.25
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TRADING UPDATES: Weaker annual revenue for Tristel and Leeds

Mon, 18th Oct 2021 17:55

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

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Tristel PLC - Cambridgeshire-based maker of infection prevention, contamination control and hygiene products - For the year ended June 30, statutory pretax profit drops 42% to GBP3.8 million from GBP6.6 million, as the margin drops to 12% from 21%, due to impairment charges and increased overheads from a rise in headcount. In addition, revenue declined 2.2% year-on-year to GBP31.0 million from GBP31.7 million, as the Covid-19 pandemic caused a drop in worldwide sales as patient examinations which normally use company products have been curtailed. Dividend per share increases 6.0% to 6.55 pence from 6.18p the prior year. Looking ahead, for the first quarter to date patient examinations have increased, leading to confidence for a return to a more predictable pattern of business.

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Leeds Group PLC - Leeds-based fabrics importer - For the year ended May 31, pretax loss narrows to GBP508,000 from GBP2.0 million, mainly on a drop in distribution costs, even as revenue declined 6.0% year-on-year to GBP33.0 million from GBP35.1 million, as the pandemic continues to hinder sales performances from Hemmers and KMR. Declares no dividend for the period, in line with the year before.

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Metals Exploration PLC - Philippine gold producer - For the three months ended September, from the Runruro project, 19,456 ounces of gold mined, up 29% from 15,705 ounces the same period a year prior, with sales rising 19% to 19,197 ounces from 16,094. This led to 9.3% year-on-year growth in revenue at USD34.2 million from USD31.3 million, despite a lower average gold price of USD1,782 per ounce.

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Distil PLC - London-based owner of premium drinks brands - For the six months ended September 30, swings to loss of GBP45,000 from a profit of GBP154,000 a year before, on revenue which declines 23% year-on-year to GBP1.4 million from GBP1.9 million alongside a decline in volumes following an exceptionally strong period. Looking ahead, Christmas will be Distil's key trading period, however supply chain challenges and uncertainty over resuming normal activity mean it will be difficult to give a forecast for the second half of the financial year.

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CentralNic Group PLC - London-based domain name registry and registrar services firm - For the nine months ended September 30, revenue amounts to USD280 million, up 66% yearly, while adjusted earnings before interest, tax, depreciation and amortisation are 45% higher at USD32 million. It expects to trade "comfortably at or above" market forecasts. Analyst expectations for annual revenue range between USD348.6 million to USD355.3 million, while adjusted Ebitda forecasts stand between USD41.1 million and USD42.0 million. Will publish interim report for nine-month period on November 22.

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Cloudcoco Group PLC - London-based IT and communications for businesses and public sector - For the year ended September 30, expects revenue to marginally beat the GBP8.0 million reported the year before, while trading earnings before interest, tax, depreciation and amortisation to be in excess of GBP700,000, up from GBP261,000 the prior year. Looking ahead, management remains confident that the 2022 financial year will be another year of progress.

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Oracle Power PLC - power and natural resource project developer based in Cambridge, England - Over the third quarter of 2021, has been pursuing power generation in Pakistan and is looking to prove up two gold properties in Western Australia. Most recent development has been the co-operation agreement with PowerChina International Group Ltd, which is signed with the intent of developing a green hydrogen production facility in Pakistan.

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Supreme PLC - maker of fast-moving consumer goods - Pleased with the strong performance for the six months ended September 30, and remains confident in reaching expectations for the financial year as a whole, with positive momentum in the Vaping division as well as growth in the Sports Nutrition and Wellness category. Looking ahead, remains largely unaffected by supply chain issues due to in-house manufacturing.

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daVictus PLC - Asia-focused food & beverage sector investor - For the six months ended June 30, pretax loss narrows to GBP5,404 from GBP216,576 a year before, driven by sharp growth in revenue to GBP75,000 from GBP3,333 due to having a franchisee in Kuala Lumpur, Malaysia.

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Vertu Capital Ltd - Malaysia-based investment firm - For the first half of 2021, pretax loss widens to GBP86,099 from GBP52,536 a year prior due to higher expenses, even as the company continues to pursue the acquisition of Vox Capital PLC.

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Lekoil Ltd - oil and gas exploration and production company with a focus on Nigeria and West Africa - For 2020, pretax loss widens sharply to USD121.9 million from USD4.9 million the year before, driven by a impairment loss of USD111.5 million, related to a lack of interest during the farmout process for OPL 310, as well as the company not raising funds for the last two years to fund the next two wells. Revenue for the year drop 22% year-on-year to USD32.9 million from USD42.0 million. At Otakikpo, gross oil production for the September reaches 5,169 barrels of oil per day.

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JPMorgan Multi-Asset Growth & Income PLC - investment firm - For the six months ended August 31, net asset value total return is 9.2%, compared to the reference index, which returned 6.2%. As at August 31, NAV per share rises to 109.8 pence, up 15% from 95.6p a year prior.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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25 Jan 2019 10:04

Metals Exploration Hires New Interim Chair Following Board Departures

LONDON (Alliance News) - Metals Exploration PLC on Friday said it has appointed a new interim chair, a day after its former chair and finance chief left.Guy Walker, a current non-executive

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24 Jan 2019 14:04

Metals Exploration Non-Exec Chair And Chief Financial Officer Resign

LONDON (Alliance News) - Metals Exploration PLC on Thursday said Non-Executive Chair Ian Holzberger has resigned with immediate effect.Furthermore, Chief Financial Officer Andrew Rodgers He

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4 Jan 2019 14:26

Metals Exploration gets extension to short-term loan conditions

(Sharecast News) - Metals Exploration confirmed it had received an extension to its short term loan with MTL Luxembourg on Friday.

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4 Jan 2019 11:06

Metals Exploration Lenders Agree To Extend Loan Consolidation Deadline

LONDON (Alliance News) - Metals Exploration PLC on Friday said the lenders of a USD6.6 million short term loan have approved an extension of deadline to the end of January, to allow the company to

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3 Jan 2019 10:05

Metals Exploration Appoints CEO From Colombian Gold Miner Minesa

LONDON (Alliance News) - Metals Exploration PLC said Thursday that it has appointed Darren Bowden as chief executive officer, effective immediately.Share price in the natural resources more

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6 Dec 2018 14:26

Metals Exploration Seeks CEO As Executive Chairman Goes Non-Exec

LONDON (Alliance News) - Metals Exploration PLC said Thursday that Ian Holzberger will shift from executive- to non-executive chair, and it has started the search for a chief executive officer as

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22 Nov 2018 13:48

Metals Exploration Agrees Standby Loan With Two Shareholders

LONDON (Alliance News) - Metals Exploration PLC said Thursday it has agreed an unsecured standby loan facility with two of its major shareholders, as the company works towards realigning its and a

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5 Nov 2018 13:07

Metals Exploration Secures Waiver To Extend Debt Repayment

LONDON (Alliance News) - Metals Exploration PLC said Monday it secured a waiver from its senior lenders for the payment of capital amounts of USD35.6 million until the end of January natural said

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2 Nov 2018 10:17

Metals Exploration resumes ops at Runruno after Typhoon Rosita cleanup

(Sharecast News) - Metals Exploration on Friday said mining and processing operations at its Runruno project in the Philippines had resumed after temporary repairs to the site's bridge crossing.

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25 Oct 2018 13:32

Metals Explorations Sells More Gold Quarterly Despite Software Error

LONDON (Alliance News) - Metals Exploration PLC said on Thursday its overall mining operations continued to improve in the third quarter, however ore production was restricted due to an error in

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9 Oct 2018 14:45

Metals Exploration Shares Fall As Runruno Dropped To 80% Capacity

LONDON (Alliance News) - Metals Exploration PLC on Tuesday said it will run its Runruno mining operation in the Philippines at 80% capacity in October and November.Shares in the natural 21%

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28 Sep 2018 12:15

Metals Exploration Interim Loss Deepens On Costs, Gold Output Boosted

LONDON (Alliance News) - Metals Exploration PLC said Friday its interim loss deepened despite revenue rising on higher gold production as costs rose sharply.For the six months ended June, a

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29 Aug 2018 12:34

Metals Exploration Shares Fall As It Asks For New Debt Payment Waiver

LONDON (Alliance News) - Metals Exploration PLC shares fell Wednesday as it said it will not meet to amended deadline for capital payments on its debt on Friday.Metals Exploration was 25% a

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31 Jul 2018 12:31

Metals Exploration To Defer Capital Payment Until August

LONDON (Alliance News) - Metals Exploration PLC said on Tuesday its senior lenders, HSBC Corp Ltd and BNP Paribas SA, have consented to a waiver request to defer three capital payments until debt

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25 Jul 2018 11:42

Metals Exploration Secures USD4 Million Financing To Partly Repay Debt

LONDON (Alliance News) - Metals Exploration PLC on Wednesday said it has agreed a USD4 million loan facility from major shareholders Sarl Ltd and Runruno Holdings Ltd.The stock was trading

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