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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.

More News
15 Jan 2024 10:20

Oracle Power optimistic as projects advance in Pakistan and Australia

(Alliance News) - Oracle Power PLC on Monday said that it is nearing and "extending" its goal to build a portfolio of project development opportunities, as a study in Pakistan neared completion.

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11 Jan 2024 19:51

IN BRIEF: Oracle Power says further drilling planned in Australian jv

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Updates shareholders on the farm-in by Riversgold Ltd on the Northern Zone Intrusive Hosted Gold Project, in Western Australia. Notes Riversgold has spent AUD273,299 to date on the exploratory works undertaken post farm in agreement. A heritage survey assessment is to be completed shortly and a programme of works is ready to be submitted thereafter. Further drilling is planned to expand the target cross section and advance the project towards a targeted maiden mineral resource estimate in 2024. Explains Riversgold now has the option to withdraw as it has spent in excess of AUD200,000 but is not expected to do so. States the planned POW will move RGL towards the aggregate AUD600,000 expenditure trigger, whereby the intended 80:20 joint venture structure between RGL and Oracle will be activated.

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11 Jan 2024 14:15

Oracle Power partner makes progress with Northern Zone exploration

(Sharecast News) - Oracle Power updated the market on the progress of the farm-in agreement by Riversgold for the Northern Zone intrusive-hosted gold project, 25 kilometres east of Kalgoorlie in Western Australia, on Thursday.

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12 Dec 2023 14:24

IN BRIEF: Gold intercepts found at Northern Zone project, says Oracle

Oracle Power PLC - Texas-based computer technology firm - Says farm-in partner Riversgold Ltd receives assay results from diamond drilling programme at the Northern Zone gold project in Western Australia. Says 5.26 grams of gold per tonne from 262 metres found. Chief Executive Officer Naheed Memon says: "With the Australian dollar gold price now pushing through AUD3,100 an ounce, the commerciality of these types of large-scale lower grade gold deposits becomes significantly more viable. The potential scale of this project linked to its good indicative conventional gold recoveries and its great location, being so close to Kalgoorlie, makes Northern Zone a highly attractive project to drill out."

Read more
20 Oct 2023 09:46

IN BRIEF: Oracle Power hails green hydrogen project progress

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Progresses towards commercial viability of its green hydrogen project in Pakistan. Notes completion of 28 kilometres squared topography survey report using advanced drone technology to gather vital mapping data, adding that it revealed no significant obstructions to the development of the green hydrogen project. Says survey's findings will play a "crucial role" in "optimising the planning, design and construction costs for the proposed future 1.2 [gigawatt] hybrid wind and solar plants, along with the intended 400 [megawatt] green hydrogen facility." Says that it now aims for firm offtake agreements with partners and front-end engineering and design work for the planned plant.

Read more
16 Oct 2023 15:46

UK shareholder meetings calendar - next 7 days

Tuesday 17 October 
Diverse Income Trust PLCAGM
Gateley Holdings PLCAGM
Wednesday 18 October 
Ashmore Group PLCAGM
Barratt Developments PLCAGM
Round Hill Music Royalty Fund LtdCourt Meeting and GM re cash offer
Thursday 19 October 
Argo Group LtdAGM
Bridgepoint Group PLCGM re adding Energy Capital to platform
Direct Line Insurance Group PLCGM re sale of brokered commercial insurance business lines to RSA Insurance Ltd
Instem PLCGM re takeover by Archimed
Medtronic PLCAGM
Pantheon International PLCAGM
Rank Group PLCAGM
Friday 20 October 
GSTechnologies LtdAGM
Monday 23 October 
abrdn New Dawn Investment Trust PLCGM re scheme and associated amendments to Company's articles
City of London Investment Group PLCAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Landore Resources LtdEGM re fundraising
Mothercare PLCAGM
Naked Wines PLCGM re annual report and accounts
Oracle Power PLCGM re capital reorganisation
Provexis PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
4 Oct 2023 10:43

AIM WINNERS & LOSERS: Oracle Power raises funds at steep discount

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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4 Oct 2023 10:42

IN BRIEF: Oracle Power shares plunge on fundraise for hydrogen project

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Enters into placing agreement to raise GBP350,000 through the placing of 1.0 billion shares at a price of 0.035 pence each. Notes agreement is conditional on the passing of related resolutions due to be proposed at a general meeting. The proceeds of the placing will primarily be used to support the advancement of the company's green hydrogen project in Pakistan. They will also help provide the company with sufficient working capital to develop its other projects.

Read more
25 Sep 2023 10:18

Oracle Power fist half loss widens on increased overheads

(Alliance News) - Oracle Power PLC on Monday said its loss nearly doubled in the first half as costs rise.

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12 Sep 2023 10:44

AIM WINNERS & LOSERS: Ocean Harvest falls as loss widens

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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12 Sep 2023 10:22

Oracle Power completes feasibility study for green hydrogen project

(Alliance News) - Oracle Power PLC on Tuesday said it completed a technical and commercial feasibility study for its green hydrogen and green ammonia project in Pakistan.

Read more
21 Aug 2023 13:49

Oracle Power reports progress at Northern Zone gold project

(Sharecast News) - International project developer Oracle Power updated the market on the ongoing development of the Northern Zone project by Riversgold on Monday.

Read more
21 Aug 2023 09:51

Oracle Power notes Riversgold completes drilling at Australia project

(Alliance News) - Oracle Power PLC on Monday said that Riversgold Ltd completed its maiden diamond drilling programme at the Northern Zone gold project in Western Australia.

Read more
28 Jul 2023 14:19

IN BRIEF: Oracle Power notes successful survey at green hydrogen plant

Oracle Power PLC - Pakistan-focused energy projects developer - Successfully raises GBP363,000 gross in June via a placing of shares at 0.1p. Says net proceeds will be used to advance its green hydrogen project in Sindh, Pakistan. Adds survey at green hydrogen project has revealed no obstructions, noting that the second quarter of the year has been "extremely productive."

Read more
19 Jul 2023 14:36

UK shareholder meetings calendar - next 7 days

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ACG Acquisition Co LtdEGM re acquisition of the Atlantic Nickel
Big Yellow Group PLCAGM
CT UK High Income Trust PLCAGM
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FD Technologies PLCAGM
Fidelity China Special Situations PLCAGM
Fuller, Smith & Turner PLCAGM
GB Group PLCAGM
Halma PLCAGM
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Kingspan Group PLCEGM re delisting
Pennon Group PLCAGM
Premier Foods PLCAGM
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B&M European Value Retail SAAGM
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JZ Capital Partners LtdAGM
MITIE Group PLCAGM
Molecular Energies PLCAGM
Polymetal International PLCAGM
Safestay PLCAGM
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Blackstone Loan Financing LtdAGM
BP Marsh & Partners PLCAGM
Eurasia Mining PLCAGM
Molten Ventures VCT PLCAGM
Motorpoint Group PLCAGM
NewRiver REIT PLCAGM
Ninety One PLC and LtdAGM
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ProBiotix Health PLCAGM
Seeen PLCAGM
Silverwood Brands PLCAGM
Triad Group PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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