PINN.L Share News (PINN)

Peru-focused Maple Energy's net loss for 2008 widened to $7.1m from $2m the year before, largely due to $3.9m of administrative costs and a loss on the Aguaytia investment.But chairman Jack Hanks reported an 18% increase in revenue to $95.3m and said Maple is "on the cusp of company-changing results".Platinum producer Braemore Resources is looking for funding for a hydrometallurgical refining plant as it seeks to produce purer, more expensive platinum amid depressed prices for the precious metal.Oil and gas explorer Leed Petroleum has agreed to acquire the Ship Shoal 202 platform in the Gulf of Mexico for no more than $2m.Hightex has raised £861,915 via a placing with existing shareholders and new investors to put towards the planned expansion of its membrane business. The firm, which placed 28.7m shares at 3p each, said back in February it was cutting back on commitment to its solar cooling and heating unit, SolarNext, because it had insufficient funds to take the unit's products to the commercialisation phase.AIM pair Pentagon Protection and Eruma have formed a strategic alliance to grow business within the counter terrorism and environmental protection markets.Origo Sino-India, a private equity investment firm, fell into pre-tax losses of £4.7m from £11.3m profit last year. Revenues reached £2.8m against £0.9m last year, while net asset value per share rose to 39p (2007: 37p).Engineering group Kentz said following a strong performance in 2008, it has continued to go from strength to strength this year. "Our balance sheet, global footprint and diversity of sectors position us well to capitalise on the opportunities that exist in our areas of operation for the remainder of 2009 and into 2010," it said. Lamprell said since its interim results last month, it has continued to perform in line with the revised budget. It sad it is also encouraged to see high levels of enquiries for our services in most sectors of its business. "Whilst the operating environment today presents significant challenges to the Group, given our long term prospects, I look to the future with confidence," it said.Personal security and training group Red24 boasted of 'improvements in all of our key performance indicators' as it moved firmly into the black in the year to 31 March 2009. Profit before tax was £0.54m, compared to a loss of £0.34m the year before. Revenue grew to £3.32m from £2.76m.Scottish IT solutions provider Pinnacle Telecoms has acquired Accent Telecom UK (ATUK), a telecommunications reseller based in Northampton, for £0.66m, to be satisfied through the issue of 509m Pinnacle shares valued at 0.13p each. In the year to 31 March 2009 ATUK had a turnover of £3.5m, an operating profit of £17,484 and a retained profit £9,922. At the end of March 2009 ATUK had net assets of £0.33m and debt of £42,189.Software Radio Technology, which saw its terrestrial trunked radio (TETRA) and professional mobile radio (PMR) division go into administration last December, has signed two licensed agreements in respect of its TETRA technology portfolio.The company is actively seeking licensing agreements for its TETRA technology on the basis of upfront fees followed by royalty payments. 'We believe that our technology, which enables companies to enter the market quickly with a low level of risk, will prove to be an attractive proposition. This would generate an additional income stream for SRT without any significant associated cost,' said Software Radio's group managing director, Simon Tucker.