(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Anglo Asian Mining PLC - gold, copper and silver producer focused on Azerbaijan - Maintains production guidance of 54,000 to 58,000 gold equivalent ounces for 2022. Says gold price increases 7.0% to USD1,901 at June 30 from USD1,776 a year prior. Half-year gold sales fall 73% to 11,273 ounces from 19,582 a year ago. Says new mine at Zafar in Azerbaijan on track for production in 2023. On Monday, announces interim dividend of 4 US cents for 2022 per share.
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BiON PLC - Kuala Lumpur-based renewable energy services - Starts trading on AIM again as released 16-month report on Wednesday. However, the cash shell expects shares to be suspended on October 20 as "it is highly unlikely it will be able to complete a reverse takeover" since becoming a cash shell nearly six months ago on April 19. Pretax loss in the 16 months to April 30 narrows to MYR86.0 million, about GBP16.4 million, from MYR120.3 million it reported for calendar year 2020. Changes financial year to end on April 30 from December 31. Sixteen-month revenue falls to MYR1.6 million from MYR103.7 million for calendar year 2020.
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Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Expects revenue for financial year ended September 30 to be in line with GBP5.0 million board forecast, rising 39% year-on-year from GBP3.6 million. States lengthened raw material lead times delay projects scheduled for the fourth quarter. Says no orders lost, will now be delivered in new financial year. States it is not experiencing any negative effect from current exchange rates.
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OnTheMarket PLC - Aldershot, Hampshire-based property listing portal - Hails several major contract wins, including with estate agents such as Savills, Chestertons and Knight Frank. Meanwhile, strikes deal with property firm Lomond Group Ltd. "The fast-growing network of sales and lettings businesses encompasses over 60 branches across many well-known agency brands located across England and Scotland," OnTheMarket says. Meanwhile, pretax profit in the half-year ended July 31 surges 67% to GBP75,000 from GBP45,000 a year prior. Revenue climbs 14% to GBP17.0 million from GBP14.9 million. Administrative expenses widen 23% to GBP15.8 million from GBP12.8 million. States confidence in full-year expectations despite current macroeconomic and geopolitical uncertainty. "Despite this, HM Revenue & Customs data shows that the UK housing market has seen normal transactional numbers in the past six months," firm says. Adds that full-year adjusted operating profit is weighted towards the second half of financial year 2023, ending January 31. The second half started on August 1.
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By Tom Budszus; tombudszus@alliancenews.com
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