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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
1 Sep 2022 19:17

IN BRIEF: Oracle Power gains formal approval for power project

Oracle Power PLC - Cambridge, England-based power and natural resource project developer with projects focused on Pakistan - Receives formal approval from the Directorate of Alternative Energy in Sindh, Pakistan for a letter of intent to establish a 1,200 megawatt hybrid solar, wind and green hydrogen power project.

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16 Aug 2022 14:35

IN BRIEF: Oracle Power invests further in green hydrogen project

Oracle Power PLC - Cambridge, England-based power and natural resource project developer with projects focused on Pakistan - Says it has advanced further funds with Kaheel Energy FZE for their joint venture company Oracle Energy Ltd, to be used on the green hydrogen project in Pakistan. On August 15, Oracle and Kaheel Energy subscribed for further equity in the joint venture at a price of 10 Pakistani Rupees per share for a total of about GBP1.5 million. Says the JV is being funded on a 70:30 basis by Kaheel Energy and Oracle respectively. HH Private Office's contribution was about GBP1.0 million and Oracle Power's GBP450,000.

Read more
5 Aug 2022 10:44

Oracle Power raises GBP500,000 in discounted placing; shares drop

(Alliance News) - Oracle Power PLC announced on Friday that it raised GBP500,000 through a placing of 181.8 million shares at a price of 0.275 pence per share.

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3 Aug 2022 14:05

IN BRIEF: Oracle Power shares rise on letter of intent for project

Oracle Power PLC- Cambridge, England-based power and natural resource project developer with projects focused on Pakistan - Confirms a Letter of Intent will be issued from the Directorate of Alternative Energy of the Government of Sindh regarding a hydrogen power project in Pakistan.

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11 Jul 2022 15:28

IN BRIEF: Oracle Power continues to progress with several projects

Oracle Power PLC - Cambridge, England-based power and natural resource project developer with projects focused on Pakistan - Says the second quarter of 2022 has "built on and consolidated" the developments made in the first quarter. Notes further excellent results at the Northern Zone Gold Project in Western Australia, with gold recoveries of up to 95% after 24 hours. Continues to advance projects in Pakistan with the signing of two memoranda of understanding, representing an "important step" towards realising its 400 megawatt green hydrogen project.

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11 Jul 2022 11:49

IN BRIEF: Oracle Power to advance funds to progress hydrogen project

Oracle Power PLC - Cambridge-based power and natural resource project developer with projects focused on Pakistan - Alongside Kaheel Energy FZE, advances a further GBP390,000 to progress the development of its green hydrogen project in Pakistan, run by joint venture company Oracle Energy Ltd.

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27 Jun 2022 12:26

IN BRIEF: Oracle Power signs deal for hydrogen development in Pakistan

Oracle Power PLC - Cambridge-based power and natural resource project developer with projects focused on Pakistan - Signs non-binding memorandum of understanding with Nuvera Fuel Cells LLC to bring green hydrogen fuel cells to the industrial vehicle market in Pakistan.

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24 Jun 2022 10:14

IN BRIEF: Oracle Power annual loss narrows on lower costs

Oracle Power PLC - Cambridge-based power and natural resource project developer with projects focused on Pakistan - Pretax loss in 2021 narrows to GBP881,879 from GBP1.0 million in 2020, as administrative expenses fall 13% to GBP881,973 from GBP1.0 million. Generates no revenue, unchanged from the year before. Remains "committed" to all its projects. Expects to add value through achieving key milestones.

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15 Jun 2022 12:49

IN BRIEF: Oracle Power JV signs deal to support green hydrogen project

Oracle Power PLC - London-based power and natural resource project developer with projects focused on Pakistan - Reports that its joint venture, Oracle Energy Ltd, has signed a non-binding memorandum of understanding with Jiangsu Guofu Hydrogen Energy Equipment Co Ltd. The deal seeks to explore hydrogen storage and hydrogen refuelling infrastructure opportunities. These opportunities will then support the commercialisation of Oracle Energy's 400 megawatt green hydrogen project in Pakistan.

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13 Jun 2022 21:22

IN BRIEF: Oracle Power designs Northern Zone exploration target

Oracle Power PLC - London-based power and natural resource project developer with projects focused on Pakistan - From three samples from its Northern Zone Gold project in Australia, metallurgy results indicate an average gold recovery of 88% over 12 hours and 93% over 24 hours, alongside low copper content of 2.0 parts per million.

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9 Jun 2022 17:37

IN BRIEF: Oracle Power makes Northern Zone gold project a priority

Oracle Power PLC - London-based power and natural resource project developer with projects focused on Pakistan - Reports positive metallurgical results from the first three samples from its 100% owned Northern Zone Gold Project in Western Australia. Results indicate gold recoveries can be achieved within six hours of 83.3% gold and up to 90.4% gold recovery over 72 hours.

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14 Apr 2022 21:36

TRADING UPDATES: Polar Capital assets up; Brooks Macdonald funds fall

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

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1 Apr 2022 12:25

TRADING UPDATES: Yooma, Love Hemp in UK boost; Peel Hunt tops forecast

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

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1 Apr 2022 09:56

AIM WINNERS & LOSERS: Quiz shares in style as sales top expectations

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

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30 Mar 2022 13:19

Oracle Power enters joint venture deal with Emirati sheikh's company

(Sharecast News) - Natural resources project developer Oracle Power has entered a joint venture agreement with the private office of Emirati sheikh Ahmed Dalmook Al Maktoum, represented through Kaheel Energy, aiming to advance its green hydrogen project in Pakistan.

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