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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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