Last checked at 
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
Oxford Technology 2 VCT PLC - venture capital trust investing in quoted and unquoted technology companies - Net asset value was 39.7 pence per share at February 29, down from 45.3 pence at February 28, 2023. Chair says: "In a year when the FTSE AIM All Share Index declined by 14%, your company made a loss of GBP1.75 million with net assets down by 19%" and that this year's results "can only be described as disappointing". Declares 55.0p dividend for the year to February 29, unchanged from the year before. Says it now has "the critical mass we have been seeking for a long time", and that it is currently seeking alternative plans to manage its rump portfolio once its primary assets have been realised.
----------
Petra Diamonds Ltd - Bermuda-based diamond mining group - Says revenue for the third quarter of financial 2024 totalled USD66 million, down from USD90 million in the second quarter. Says the decrease was due to lower production and the timing of receipts from Tender 5. Says this fifth tender cycle yielded USD49 million from the sale of 362,132 carats at an average price of USD136 per carat. This compares with USD48 million from 428,860 carats at USD112 per carat in the fourth tender cycle. Says production for the quarter was consistent with the preceding three months and in line with expectations. Total tonnes treated decreased 1.5% to 2.9 million tonnes from 3.0 million tonnes.
----------
J Smart & Co (Contractors) PLC - Edinburgh-based construction contractor - Pretax profit for the six months to January 31 falls 21% to GBP205,000 from GBP260,000 the year before. Revenue however rises 54% to GBP8.6 million from GBP5.6 million. Company declares 0.96p per share interim dividend, unchanged year-on-year. Cost of sales rises to GBP6.4 million from GBP2.1 million. Company says construction material prices "are still rising, which continues to affect the viability of all types of potential projects". Says there has been a "slight improvement" on limited reservations compared to in late 2023, but continuing economic issues are still affecting consumer sentiment. Says lettings remain "robust" but that in the year to July 31 "there will definitely be profit erosion due to lack of external contracts, the lack of recovery of overhead costs, the continued increase in material costs, prolonged programmes due to utility infrastructure and statutory authority delays and the cost of holding private housing stock".
----------
Tertiary Minerals PLC - mineral development company focused on deposits in the US, Zambia and Northern Europe - Announces that drilling is now underway at the Konkola West Copper Project in Zambia. The project "is targeting projected deep down-dip and along-strike extensions of the contiguous Lubambe-Mingomba-Konkola copper deposits to the east of the licence and which extend north into the Musoshi mining complex in the Democratic Republic of the Congo". The long continuous zone of mineralisation is 15 kilometres total and contained a pre-mining endowment of over 775 million tonnes of copper graded at between 2% and 3%.
----------
PureTech Health PLC - London-based biotherapeutics company - Completes enrolment in the Elevate IPF Phase 2b clinical trial, which will evaluate LYT-100 or deupirfenidone in patients with idiopathic pulmonary fibrosis or IPF. Says LYT-100 is a deuterated form of pirfenidone, one of the two standard-of-care treatments approved to treat IPF. The randomised double-blind trial will measure as primary endpoint the rate of decline in forced vital capacity for the combined LYT-100 arms versus the placebo group over 26 weeks. Says other key endpoints will include tolerability measures, biomarkers and patient-reported outcomes. Expects topline results in the fourth quarter of 2024.
----------
DP Poland PLC - London-based operator of Domino's pizza stores and restaurants in Poland and Croatia - Raises gross GBP1 million pursuant to oversubscribed retail offer, with 10.1 million shares to be issued as a result. Says it has raised around GBP20.5 million in total from subscription, placing and retail offer combined. Fundraise was announced in late March, with placing price of 9.92p per share. This included a GBP11 million investment from Domino's Pizza Group PLC.
----------
Golden Metal Resources PLC - Nevada-focused metals exploration company - Says ground magnetic survey has detected significant anomalies at its Garfield project in Nevada's Walker Lane Mineral Belt. Says two magnetic anomalies were detected within the 'High-Grade' zone, and another was located in the southwestern part of the 'Power-Line' zone. Says it is "very encouraged" by the results, and has commissioned a ground magnetic geophysics survey across some of the main target areas at Pilot Mountain. Results are currently being processed. Adds that drilling preparations for Pilot Mountain are "well underway" and expects to receive permits "imminently". Chief Executive Officer Oliver Friesen says 2024 "is shaping up to be a very exciting year for Golden Metal", which is "positioned perfectly to address" the increasing demand for "important metals such as tungsten".
----------
By Emma Curzon, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.