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Share Price: 191.00
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EARNINGS SUMMARY: Asia Strategic revenue rises; BiON loss narrows

Tue, 31st Jan 2023 19:27

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

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Asia Strategic Holdings Ltd - Singapore-based developer and operator of consumer businesses located in emerging Asia - Reports revenue of USD17.9 million in the year to September 30, up 19% year-on-year from USD15.0 million. Attributes this to the sharp turnaround of the Education segment's performance in Myanmar during the year. Pretax loss narrows slightly to USD5.9 million from USD6.0 million a year prior. Does not recommend the payment of dividends for the financial year, as the company needs to conserve cash for working capital and future expansion.

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BiON PLC - Kuala Lumpur-based renewable energy services - Pretax loss for the six months to October 31 narrows to GBP99,000 from GBP1.7 million, as administrative expenses fall to GBP99,000 from GBP898,000. Records no revenue in the period, from GBP98,000 the year prior. Costs of sales fall to none from GBP738,000. Explains that it was a cash shell in the half-year period, having disposed of its operating entity on April 19.

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Psych Capital PLC - London-based psychedelic medicines media and investor - Records a pretax loss of GBP929,932 in the half-year to October 31, down from profit GBP136,003 a year before. Administrative expenses widen to GBP439,760 versus GBP279,937 a year before. Fair value gains on fixed asset investments swing to a loss of GBP253,594 from a profit of GBP415,940. Reports revenue of GBP157,021, up from none compared to the same period a year before, due to "the success of hosting the inaugural PSYCH Symposium."

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Nexus Infrastructure PLC - Essex, England-based infrastructure services provider - Pretax loss for the year that ended September 30 narrows to GBP909,000 from GBP1.7 million a year before. Revenue jumps 26% to GBP98.4 million from GBP78.0 million, due to high levels of activity on site. Says that trading in the first quarter of financial 2023 is in line with expectations.

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NWF Group PLC - Cheshire, England-based agricultural feed, food and fuel distributor - Swings to a pretax profit of GBP5.9 million in the half-year to November 30, from a loss of GBP4.4 million a year before. Revenue rises 35% to GBP541.8 million from GBP402.6 million a year before. Says that all divisions traded ahead of its expectations at the end of the first half, continuing to demonstrate the "resilience" of the company. Maintains its interim dividend at 1.0p. "We have delivered a record first half with a good performance from all three divisions in spite of an uncertain economic outlook and inflationary pressures. NWF has continued to demonstrate its resilience as a business and has significant further growth opportunities. The acquisition of Sweetfuels in December highlights delivery of our growth strategy to consolidate the fragmented fuels distribution market. We have started the important winter period well and continue to focus on the long-term growth of the group, with a clear investment strategy, which is supported by a strong financial position," Chief Executive Richard Whiting comments.

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Newmark Security PLC - security services provider - Swings to a pretax profit of GBP371,000 in the six months to October 31 from a loss of GBP879,000 a year before. Administrative expenses decrease by 11% to GBP3.6 million from GBP4.0 million, driven by a number of cost-saving initiatives. Revenue rises 10% to GBP10.6 million from GBP9.7 million. Attributes this to a strong performance in the People and Data Management division with double-digit growth in both HCM and Access Control.

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Gresham House Renewable Energy VCT 1 - investment firm - Net asset value per share as at September 30 stands at 92.3 pence versus 90.2p as at October 1, 2021. Records a NAV total return of 1.4%, up from negative 6.8%. Declares a dividend in respect of the year ended September 30 of 2.0p per share.

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Gresham House Renewable Energy VCT 2 - investment firm - NAV per share as at September 30 amounts to 91.3p versus 89.3p as at October 1, 2021. Records a NAV total return of 1.4%, up from negative 6.7%. Declares a dividend in respect of the year ended September 30 of 2.0p per share.

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Inland ZDP PLC - wholly-owned subsidiary of housing plot developer Inland Homes PLC - Net asset value as at September 30 stands at 186.19p, up from 176.86p on the same date a year before. Share price as at September 30 increases to 174.00p from 168.50p. Notes that the asset value and the accrued capital entitlement will continue to increase as its repayment date approaches.

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Guild Esports PLC - London-based e-sports company - Pretax loss in the year period to September 30 narrows to GBP8.7 million from GBP8.8 million. Revenue jumps to GBP4.4 million from GBP1.9 million a year before. Attributes the revenue growth to a "significant step up" in sponsorship income from 2021. Sponsorship more than doubled to GBP3.2 million from GBP1.2 million.

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By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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