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Nature hit by unresolved Gibraltar claim

Wed, 06th Jun 2012 07:45

Maritime waste treatment company Nature Group said it experienced a year of contrasting experiences as it made progress integrating its two companies while results were hurt by an unresolved insurance claim relating to an accident in GibraltarPre-tax profit rose to £1.52m for the year to 31st December 2011 compared to £1.5m the year before. The small increase was as a result of a rise in administration expenses due to a combination of exceptional costs in respect to the accident and business integration, as well as the enlarged group, Nature said.Revenues, which included 22 days from the acquisition of ISD, more than doubled to £15m from £6.8m previously. Operating profit jumped to £6.1m from £3.2m.Chairman Bernard Muller commented, "2011 was a year of contrasting experiences. We made great progress in the integration of our two companies and in furthering our expansion plans. "However the successes of 2011 were overshadowed by an explosion within its storage tanks in an area of the port shared with the cruise liners in Gibraltar, which resulted in significant repairs and clean-up costs. The costs have been absorbed into results for 2011. Another £0.20m has been written off relating to legal and professional advice arising from the incident. Cash balances at the close of 2011 were £2.91m compared to £5.74m at the end 2010. A total dividend 0.5p per share has been offered for the year compared to 0.7p the year before.CJ
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27 Sep 2018 16:30

Nature Group Swings To Interim Profit But Cancels Trading On AIM (ALLISS)

LONDON (Alliance News) - Nature Group PLC on Thursday said its shares will be cancelled on Friday despite a swing to profit in the first half of 2018.The waste treatment solutions shares on

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20 Jul 2018 15:51

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2 Jul 2018 13:03

Nature Group Progresses Negotiations About Future Financing

LONDON (Alliance News) - Nature Group PLC said Monday it continues to progress negotiations about its future financing, structure and strategic direction and to be supported by DNB Bank in regards

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1 May 2018 13:30

Nature Group Gets Loan Deal From Fairweather & Sons To Cover Payments

LONDON (Alliance News) - Nature Group PLC on Tuesday said that it entered into a GBP400,000 loan agreement with commercial building company Fairweather & Sons Ltd at an interest rate of 5.0% a

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27 Mar 2018 15:01

Nature Group Shares Suspended As Financial Position Weakens (ALLISS)

LONDON (Alliance News) - Nature Group PLC were suspended from trading on AIM on Tuesday at the company's request whilst it seeks to clarify its financial Group shares were

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15 Mar 2018 11:07

Nature Group Discussing Possible Maritime Division Sale, Shares Up

LONDON (Alliance News) - Shares in Nature Group PLC rose on Thursday as the firm said it had received indications of interest for the purchase of its Maritime stock was at per

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15 Mar 2018 10:53

WINNERS & LOSERS SUMMARY: PZ Cussons Shares Plummet On Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - up 1.2%. The heating and plumbing products has

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7 Mar 2018 12:49

Nature Group To Sell Oil & Gas Division To Secure Waiver From Lender

LONDON (Alliance News) - Nature Group PLC shares plunged Wednesday as it said it has secured a waiver from its lender which is conditional on the sale of the company's oil

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17 Jan 2017 08:07

Nature Group sells loss-making Gibraltar subsidiary for £4m

(ShareCast News) - Nature Group, a provider of port reception facilities and waste treatment solutions for the oil, marine and process industries, has brought an end to an "unhappy chapter" in its history by selling its loss-making Gibraltar subsidiary, but warned that its losses for the year would

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22 Dec 2016 12:12

Nature Group rallies on contract win

(ShareCast News) - Nature Group has been awarded a "major contract by an international oil company" worth at least £5m for the provision of containerised slop-treatment units in the Central North Sea. The AIM-listed provider of port reception facilities and waste treatment solutions for the oil, mar

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28 Sep 2016 11:23

Nature Group shares down on disappointing first half

(ShareCast News) - Port reception facilities and waste treatment solutions provider Nature Group announced its interim results for the six months to 30 June on Wednesday, with revenues of £6.2m, down from £8.3m in the first half of last year. The AIM-traded firm underlying pre-tax loss for the perio

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22 Jun 2016 15:05

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27 May 2016 11:45

Nature Group widens FY loss, says more work to be done

(ShareCast News) - Nature Group says it still has work to do as it posted a wider full-year pre-tax loss of £2.41m, from a loss of £1.44m, even as revenue firmed to £16.27m, from £14.33m. Chairman Berend van Straten said that 2015 was a year in which the group has started to transform, both organisa

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27 May 2016 11:04

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