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Pin to quick picksOrient Telecom. Share News (ORNT)

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EARNINGS UPDATES: Kropz annual loss widens on impairments

Mon, 31st Jul 2023 14:36

(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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Kropz PLC - South Africa-focused phosphate producer and developer - Says pretax loss in 2022 widens to USD97.2 million from USD18.3 million a year prior. This is attributed to an impairment loss of USD92.7 million. Posts no revenue for 2022, unchanged from the year before. Looking ahead, says it is "confident in the inherent value contained within each of its core assets." Adds its shares have been restored to trading on AIM after having been suspended at the beginning of July.

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Unicorn Mineral Resources PLC - Irish mineral exploration company, focused on exploration for carbonate-hosted copper, lead, zinc, and silver mineral deposits in the Irish Midlands ore field - For the year ended March 31, says pretax loss narrows to EUR424,579 from GBP515,712, attributed to an 18% drop in administrative expenses to EUR424,579 from the year before. Posts no revenue for the year, unchanged from a year prior. Looking ahead, says its next step is to focus on drilling programme at its Kilmallock project in Ireland.

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Orient Telecoms PLC - Singapore headquartered telecommunication services provider - For the year ended March 31, says pretax profit grows by 16% to GBP40,319 from GBP34,719 a year prior. This was partly driven by a rise in finance income to GBP1,952 and a 36% growth in other income to GBP10,228. Revenue falls by 24% to GBP463,418 from GBP611,544 the year prior, attributed to some terminations of contracts. Looking ahead, says it will focus on artificial intelligence integration and market expansion.

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Hellenic Dynamics SA - London-based cultivator and supplier of tetrahydrocannabinol-dominant strains of medical cannabis flowers - In the 15 months to March 31, says pretax loss widens to GBP4.9 million from GBP349,4000 a year prior. This is driven by administrative expenses of GBP1.2 million and reverse acquisition expenses of GBP3.7 million. Says it recorded no revenue, unchanged from 2021, as it is completing the build and fit-out of its cultivation facilities. Adds it receives a EUR304,425 European Union grant through the Horizon Europe project for its cultivation strategy which uses artificial intelligence to assist with the provision of "consistent medical cannabis products."

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Minoan Group PLC - London-based Greek hotel investor - For the six months ended April 30, says pretax loss narrows to GBP286,000 from USD542,000 a year prior, driven by finance costs falling by 76% to GBP66,000 and operating expenses dropping by 16% to GBP220,000. Posts no revenue for the year.

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Zenith Energy Ltd - Africa, Middle East and Europe-focused energy production and development company - In the year ended March 31, says it swings to a pretax loss of CAD12.2 million, around GBP7.2 million, from a pretax profit of CAD64.7 million a year prior. Adds revenue rises by 61% to CAD13.2 million from CAD8.2 million, driven by contracts with customers. Chief Executive Officer Andrea Cattaneo says: "The results for the 2023 FY represent the highest revenue generation recorded by the company during its history...Zenith has newly embarked on an exciting acquisition campaign, with multiple potential acquisition opportunities currently under review across different geographies. It is the Board's intention to build on the progress achieved during the 2023 to maximise revenue generation and profitability in the interests of the company's successful long-term development."

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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14 Nov 2023 22:00

IN BRIEF: Orient Telecoms swings to first half profit; revenue rises

Orient Telecoms PLC - Singapore headquartered telecommunication services provider - Says revenue rose to GBP212,120 in the first half ended September 30, up from GBP188,039 the year prior. Says operating profit before tax swung to GBP14,870, from a loss of GBP30,681 a year ago. Says it is expected to have a successful financial year.

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19 Sep 2023 15:50

UK shareholder meetings calendar - next 7 days

Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Games Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
Thursday 21 September 
Ascent Resources PLCGM re audited annual accounts
Intercede Group PLCAGM
Kore Potash PLCGM re capital raise
Liontrust Asset Management PLCAGM
Mercia Asset Management PLCAGM
Molecular Energies PLCAGM
Oberon Investments Group PLCAGM
Pelatro PLCGM re AIM cancellation
Sosandar PLCAGM
Thruvision Group PLCAGM
Trakm8 Holdings PLCAGM
Van Elle Holdings PLCAGM
Friday 22 September 
Argos Resources LtdGM re members voluntary liquidation
B&M European Value Retail SAGM re appointing Lasry as director
Faron Pharmaceuticals LtdEGM re election of new board members
Stranger Holdings PLCAGM
SysGroup PLCAGM
TI Fluid Systems PLCGM re waiver resolution
Odyssean Investment Trust PLCAGM
Monday 25 September 
Amte Power PLCGM re share issue to raise GBP2m
Ondo InsurTech PLCAGM
ThomasLloyd Energy Impact Trust PLCGM re appointment of new directors
Tuesday 26 September 
BSF Enterprise PLCGM re placing, subscription and broker warrants
Cohort PLCAGM
Ediston Property Investment Co PLCGM re disposal of the property portfolio
Fulcrum Utility Services LtdGM re AIM cancellation
James Cropper PLCAGM
Knights Group Holdings PLCAGM
Mycelx Technologies CorpAGM
Orient Telecoms PLCAGM
Redde Northgate PLCAGM
Saietta Group PLCAGM
Scholium Group PLCAGM
SulNOx Group PLCAGM
Supreme PLCAGM
Tern PLCGM re management changes
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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22 Nov 2022 20:02

TRADING UPDATES: AfriTin hails drilling finds; Severfield profit rises

(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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22 Sep 2022 15:49

UK shareholder meetings calendar - next 7 days

Friday 23 September 
Accsys Technologies PLCAGM
Biffa PLCAGM
Bradda Head Lithium LtdAGM
Fusion Antibodies PLCAGM
In The Style Group PLCAGM
Safestay PLCAGM
Wise PLCAGM
Monday 26 September 
Babcock International Group PLCAGM
Eastinco Mining & Exploration PLCAGM
Eckoh PLCAGM
ECO Animal Health Group PLCAGM
Great Eastern Energy Corp LtdAGM
Lamprell PLCEGM re delisting
Mediclinic International PLCCourt & GM re takeover by Remgro, SAS
RPS Group PLCGM cash offer agreement
Tuesday 27 September 
Bens Creek Group PLCAGM
Cohort PLCAGM
daVictus PLCAGM
Downing Four VCT PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
GRC International Group PLCAGM
Incanthera PLCAGM
Knights Group Holdings PLCAGM
Miton UK MicroCap Trust PLCAGM
Redde Northgate PLCAGM
Smoove PLCAGM
Spectral MD Holdings LtdAGM
TP Group PLCGM re annual report
Yourgene Health PLCAGM
Wednesday 28 September 
600 Group PLCAGM
Aberdeen New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
AssetCo PLCGM re authority to repurchase shares
Baltic Classifieds Group PLCAGM
DWF Group PLCAGM
Enwell Energy PLCAGM
Intercede Group PLCAGM
Kainos Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Ormonde Mining PLCGM sale of La Zarza Landholding
Oxford Cannabinoid Technologies Holdings PLCAGM
Scholium Group PLCAGM
System1 Group PLCAGM
Thursday 29 September 
ActiveOps PLCAGM
Chill Brands Group PLCAGM
Coral Products PLCAGM
Echo Energy PLCGM re approval of annual report
Jaywing PLCGM re funding
Orient Telecoms PLCAGM
President Energy PLCGM proposed capital reorganization
Samarkand Group PLCAGM
TransGlobe Energy CorpGM re merger with Vaalco Energy Inc
Ted Baker PLCGM re shareholders vote on acquisition by ABG 
Vaalco Energy IncGM re merger with TransGlobe Energy Corp
Van Elle Holdings PLCAGM
Walker Crips Group PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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3 Aug 2022 14:56

EARNINGS UPDATES: Goodwin lifts payout; LSL Property sees profit drop

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

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22 Dec 2021 15:20

IN BRIEF: Orient Telecoms profits multiple due to marketing strategy

IN BRIEF: Orient Telecoms profits multiple due to marketing strategy

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23 Nov 2021 16:06

EXECUTIVE CHANGES: Long-serving FIH Group CEO to retire in April

EXECUTIVE CHANGES: Long-serving FIH Group CEO to retire in April

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16 Nov 2021 16:09

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
10 Sep 2021 18:03

EARNINGS UPDATES: Katoro and Newmark Security report swing to loss

EARNINGS UPDATES: Katoro and Newmark Security report swing to loss

Read more
16 Dec 2020 13:48

IN BRIEF: Orient Telecoms Swings To Profit On Increased Revenue

IN BRIEF: Orient Telecoms Swings To Profit On Increased Revenue

Read more
30 Sep 2020 21:13

UK EARNINGS SUMMARY: Gama Aviation Interim Loss Widens As Revenue Down

UK EARNINGS SUMMARY: Gama Aviation Interim Loss Widens As Revenue Down

Read more
9 Dec 2019 12:51

Orient Telecoms To Continue Investments As Loss Narrows In First Half

Orient Telecoms To Continue Investments As Loss Narrows In First Half

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25 Oct 2019 11:25

Orient Telecoms Fires Founder And Chief Executive Officer Pincock

Orient Telecoms Fires Founder And Chief Executive Officer Pincock

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18 Sep 2019 15:55

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 19 SeptemberPeel Hotels (re cancelling of shares on AIM)DiageoIG Group Animal Health Trader 20

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