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UK EARNINGS SUMMARY: CentralNic sales rise, Base Resources ups payout

Tue, 31st Aug 2021 21:35

(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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CentralNic Group PLC - London-based domain name registry and registrar services firm - Pretax loss in six months to June 30 narrows to USD600,000 from USD1.8 million as revenue surges 57% to USD174.4 million from USD111.3 million. Organic revenue growth 20% year on year due to "standout performance" from Online Marketing unit. Chief Executive Ben Crawford says: "CentralNic has enjoyed a very strong first half across both our online presence subscriptions products and our privacy enabled online marketing technologies - achieving record organic growth of 25% in the second quarter, following 16% organic growth for the first quarter 2021 and 9% for the full year 2020. By virtue of our significant investment in resources, restructuring and market-leading products and promotions, we expect full year revenue and profits to be at least at the upper end of market expectations. As our investment levels plateau, we expect future periods to benefit from increasing operational leverage."

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Base Resources Ltd - Perth, Australia-based mineral sands developer with assets in Kenya and Madagascar - Revenue in the financial year ended June 30 falls 4.7% to USD198.2 million from USD208.0 million. Pretax profit falls 36% to USD29.3 million from USD45.6 million. Declares final dividend per share of 4.0 Australian cents, bringing the full-year total to 7.0 cents, up from 3.5 cents in financial 2020. "We enter the 2022 financial year with a high degree of optimism for the future of our company and the value we can create," Chair Keith Spence says.

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Sabien Technology Group PLC - London-based energy saving technology - Pretax loss in year to June 30 narrows to GBP509,000 from GBP1.4 million loss year before. Revenue doubles to GBP971,000 from GBP454,000. Administrative expenses slip to GBP1.2 million from GBP1.3 million. Executive Chair Richard Parris says: "Sabien's strategy has been developed and will evolve further through the evolution of the 'Green Economy'. For example, the UK has committed to achieving a net-zero economy by 2050. The US, across its different markets, is setting similar targets within equivalent timeframes. These ambitious goals demand equally ambitious innovation in products, services, and technology. Sabien is committed to building a portfolio of businesses which are involved directly in the application of emerging and developed technology to the emerging Green Economy. It will do so through organic, partnership and acquisition-led development."

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Galantas Gold Corp - Northern Ireland-focused gold producer - Net loss in six months to June 30 widens to USD3.5 million from USD1.5 million, as general expenses rise to USD3.2 million from USD1.3 million. Did not generate revenue in either period. Chief Executive Mario Stifano says: "The company has made great strides in advancing the Omagh project with the commencement of drilling to increase the confidence of resources for mine planning while also looking to expand known resources. Operationally the company has secured critical new mining equipment to support mining activities while strengthening site management and operations team as we commence a phased restart of operations."

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Immedia Group PLC - AIM-listed supplier of multi-media content and digital solutions - Pretax loss in six months to June 30 widens to GBP427,730 from GBP360,867 year before. Revenue drops to GBP1.1 million from GBP1.3 million. Chief Executive Ross Penney says: "Given continued difficult market conditions we have re-engineered the business to suit the new trading environment. This is evidenced by a substantial improvement on trading Ebitda compared to the prior period as we have benefited from a full six months of reduced cost base." Notes "prospects for HY2 2021 are favourable, and we expect the HY2 trading environment to be significantly more positive than HY1 as Covid-19 restrictions ease."

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Orosur Mining Inc - South American gold exploration and development company - Sinks to loss in twelve months to May 31 of USD171,000 from USD1.9 million profit year before. Corporate & administrative expenses slip to USD1.2 million from USD1.5 million, but share-based payments jump to USD1.0 million from USD40. Chief Executive Brad George says: "Operationally and financially, it has been a good year, albeit a somewhat challenging one in light of the Covid-19 pandemic that has impacted every facet of our business. Uruguay continues to be wound down in an orderly fashion as per our plans and is near the end; Colombia has been a major success story with tremendous results from our drilling and sampling programs, all undertaken while the pandemic raged around us; and our balance sheet was brought back to life with a well-supported capital raising. With work accelerating at Anza and with potential new projects coming on line, this coming year looks to be even better."

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Alba Mineral Resources PLC - exploration company with assets in Greenland, Ireland and the UK - Pretax loss widens to GBP567,828 in the six months ended May 31, from GBP303,921 a year ago. An announcement on the planned spinoff of Greenland assets into a separate company will be made shortly. "Alba remains in a strong position to generate real and sustained growth across the company's portfolio of assets and investments," company says.

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Wameja Ltd - Sydney-based mobile payments - Pretax loss widens to AUD3.4 million in the first half of 2021, about GBP1.8 million, from AUD3.2 million a year ago. Company makes no revenue and declares no dividend. Takeover by MasterCard Inc is expected to complete on September 21.

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Eco Atlantic Oil & Gas Ltd - Toronto-based explorer with assets in Namibia and Guyana - Revenue from interest income falls 84% to USD4,524 in the three months ended June 30, from USD28,409 a year ago. Net loss widens to USD825,624 from USD804,866. Expects to select targets from the Orinduik Block offshore Guyana in the third quarter. Eco and its joint venture partners will reconsider commercialising the Jethro oil discovery following the increase in oil prices. "We are upbeat about the company's prospects for the rest of 2021 and are well-placed to deliver long-term success into next year," Eco says.

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Clarify Pharma PLC - London-based investor in psychedelics companies - Makes pretax loss of GBP472,748 in the six months ended May 31, in its first year of trading. Net cash is GBP1.8 million as of Tuesday. "The deal flow of potential investments remains strong and the directors and advisers continue to evaluate exciting new opportunities that will generate long-term value for investors," company says.

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Yooma Wellness Inc - Toronto-based hemp and cannabinoid products - Makes revenue of USD2.2 million in the three months ended June 30, from zero revenue a year ago. Net loss widens to USD3.2 million from USD431,143. "Yooma has made significant progress since completing its public listing earlier this year, including a number of exciting acquisitions in the CBD and wellness space and a successful capital raise of up to US$17.1 million. Our efforts during the second quarter laid the foundation for the buy-and-build strategy that we recently outlined to investors," Chair Lorne Abony says.

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Thor Explorations Ltd - Vancouver-based mineral explorer with assets in west Africa - Swings to pretax loss of CAD6.8 million in the three months ended June 30, equivalent to GBP3.9 million, from a profit of CAD1.1 million a year ago. Lifts 2021 production guidance for the Segilola gold mine in Nigeria to 35,000 ounces from 30,000 ounces. Company is ramping up commercial production and is on schedule for the third quarter.

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Metal Tiger PLC - investor in mining projects and companies - Net asset value per share falls to 20.1 pence on June 30 from 20.3p on December 31. Pretax loss narrows to GBP567,000 in the period, from GBP3.4 million in the first half of 2020. Administration costs fall to GBP1.2 million from GBP1.4 million, reflecting the board's drive for efficiency.

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Bisichi PLC - London-based owner of coal mines in South Africa and retail properties in the UK - Revenue in the first half of 2021 rises 65% year-on-year, to GBP23.6 million from GBP14.3 million. Pretax loss narrows to GBP686,000 from GBP2.0 million. Production falls 4.7% to 553,000 tonnes from 580,000 tonnes. Second-half production is expected to remain at a similar level to the first half. The effect of the pandemic on Bisichi's property portfolio remains uncertain, but rent collection has improved in 2021.

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London & Associated Properties PLC - investor in UK retail properties - Revenue in the first half of 2021 rises 57% year-on-year, to GBP26.5 million from GBP16.9 million. Pretax loss narrows to GBP903,000 from GBP2.9 million. Net asset value per share falls to 34.22p on June 30 from 34.99p on December 31. Company does not declare a dividend, saying its strategy is to "maximise income over the medium term by moving the emphasis away from retail...This is beginning to show results and our dividend policy will reflect this, once our cash has been reinvested and our income has returned to previous levels.

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Falcon Oil & Gas Ltd - explorer with assets in South Africa, Australia and Hungary - On Friday reports a swing to a total loss of USD693,000 in the three months ended June 30, from income of USD199,000 year-on-year. Company says it is in a strong financial position with cash of USD10 million as of June 30, and it is continuing to focus on cost management and the efficient operation of the portfolio.

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Atlas Mara Ltd - lender with operations in sub-Saharan Africa - Reports net loss of USD58.7 million in the 14 months ended February 28, versus a loss of USD143.2 million in 2019. Atlas Mara is in the process of changing its financial calendar to end in February instead of December. It continues to consider options including delisting. "Despite the challenging macroeconomic environment in Africa, most of our banks generated positive recurring operating profit during the period," Chair Michael Wilkerson says.

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Chill Brands Group PLC - London-based cannabidiol products - Revenue in the financial year ended March 31 rises to GBP320,875 from GBP92,606 the previous year. Pretax loss widens to GBP5.9 million from GBP1.8 million.

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Plaza Centers NV - property investor in India - Reports zero revenue in the first half of 2021, versus EUR1.5 million a year ago. Pretax loss widens to EUR9.0 million from EUR7.3 million, mainly because of finance expenses on bonds. Company says it continues to focus on selling assets, including Casa Radio in Bangalore. The company is unable to serve its entire debt and plans to request delays to bond repayments. If bondholders reject the request, the company would need to further restructure its debt, or it may cease to be a going concern.

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MiLOC Group Ltd - Hong Kong-based pharmaceutical and beauty products - Reports delayed 2020 results, with revenue increasing 33% to HKD20.5 million, about GBP1.9 million, from HKD15.4 million in 2019. Swings to a pretax profit of HKD6.2 million from a loss of HKD40.6 million. Does not recommend a dividend. The company will maintain income in 2021 by providing medical supplies, selling SD Labs and FMCG products, launching a special design crushing pen, and cutting unprofitable product lines.

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By Paul McGowan and Ivan Edwards; paulmcgowan@alliancenews.com, ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
2 Apr 2024 17:39

Plaza Centers focused on Casa Radio as attributable loss widens

(Alliance News) - Plaza Centers NV on Tuesday sad it remained focused on unblocking the current status of the Casa Radio project in Romania.

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25 Mar 2024 13:28

IN BRIEF: Plaza Centers notes positive outcome on India probe in EPIM

Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Following announcement in March last year on the Indian tax authorities conducting search and seizure operation at the offices of Elbit Plaza India Management Services Private Ltd, says EPIM receives a "favourable order". Says the probe for one of the three years under investigation is completed without imposing any liability on EPIM. "Inquiry into the remaining periods of the investigation is continuing and the company will update on any development," Plaza Centers says. EPIM is a private company wholly owned by Elbit Plaza India Real Estate Holdings Ltd.

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4 Dec 2023 19:51

IN BRIEF: Plaza Centers extends long-stop date for proposed disposal

Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Further to previous announcements regarding the pre-sale agreement with AFI Europe NV for the sale of its subsidiary which holds 75% in the Casa Radio Project both parties have agreed to extend to the long stop date to December 31, 2024.

Read more
30 Oct 2023 15:45

UK shareholder meetings calendar - next 7 days

Tuesday 31 October 
Bowen Fintech PLCAGM
City of London Investment Trust PLCAGM
Crimson Tide PLCGM re share consolidation
Indus Gas LtdAGM
New Energy One Acquisition Corp PLCAGM
Newmark Security PLCAGM
Tlou Energy LtdAGM
Walls & Futures REIT PLCAGM
Wednesday 1 November 
BHP Group LtdAGM
Ferro-Alloy Resources LtdAGM
Frontier Developments PLCAGM
JP Morgan Mid Cap Investment Trust PLCAGM
Stranger Holdings PLCGM re reverse takeover of Mayflower Energy
Tavistock Investments PLCAGM
Thursday 2 November 
Instem PLCGM re takeover by Archimed
JPMorgan Global Growth & Income PLCAGM
Tintra PLCAGM
Tintra PLCGM to approve new auditors
Friday 3 November 
Cap-XX LtdAGM
Finsbury Food Group PLCGM re takeover by Frisbee Bidco
Jubilee Metals Group PLCAGM
Monday 6 November 
Plaza Centers NVAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
31 Aug 2023 20:29

IN BRIEF: Plaza Centers loss narrows strongly on finance income surge

Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Pretax loss in the six months to June 30 narrows significantly to EUR601,000 from EUR6.3 million a year prior. Revenue grows 23% to EUR180,000 from EUR146,000. Notably, finance income surges to EUR6.3 million from EUR884,000. Finance costs increase 2.9% to EUR6.0 million from EUR5.8 million. Looking ahead, company says: "The company's priorities are focused on efforts to sign definitive sale agreement of Casa Radio project. The company also intends to seek for bondholders' approval for postponement of the repayment of the bonds. In addition, the company intends to continue the cost-cutting of its operational cost."

Read more
13 Jul 2023 17:16

IN BRIEF: Elbit Imaging reduces Plaza Centers holding to 20%

Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Says since announcement on March 31, Elbit Imaging Ltd has sold about 14,600 shares for an average price of ILS1.578 each for a total ILS23,000 (around GBP4,857). This reduces Elbit Imaging Holdings's interest to around 20%.

Read more
12 Jul 2023 17:20

IN BRIEF: Plaza Centers receives default notice regarding Casa Radio

Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Receives a notice of default from the Ministry of Finance in Romania under the public-private partnership contract governing the Casa Radio Project. Denies all claims formulated by the Ministry of Finance, including any made in the ongoing International Centre for the Settlement of Investment Disputes arbitration with Romania.

Read more
19 Jun 2023 16:00

IN BRIEF: Plaza Centers settles with two lawsuit respondents

Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Announces that Plaza and Elbit Imaging Ltd have reached settlement with two respondents in ongoing lawsuit in Israel. Lawsuit was filed with the District Court in Tel-Aviv by Plaza and Elbit in October 2020 against certain officers of both companies, certain heirs of former controlling shareholder Motti Zisser, who is now dead, and other parties involved in a 2011 sale of US shopping centres. Brokerage fees for this transaction were allegedly illegally transferred to private companies controlled by Zisser. District Court approves the settlement agreement and imposes a publication ban on its details. Provisions indicate that Plaza's portion, after deducting expenses, is "a few hundred thousand euros" and should be received over a period of several months. Plaza and Elbit will continue to handle legal proceeding in District Court; each party shall maintain all claims in main proceeding.

Read more
12 Jun 2023 10:29

Plaza Centers further updates on EUR367.7 million claim over Romania

(Alliance News) - Plaza Centers NV on Monday said that Romania's application has been rejected in a litigation update regarding its Casa Radio project dating back to May 2022.

Read more
1 Jun 2023 14:33

IN BRIEF: Plaza Centers lawsuit appeal granted by Supreme Court

Plaza Centers NV - Amsterdam-headquartered property investor with interests in Europe and India - Says its appeal against dismissal of lawsuit against various entities was accepted yesterday by the Supreme Court of Israel. Lawsuit was filed with the District Court in Tel-Aviv by Plaza and Elbit Imaging Ltd in October 2020 against certain officers of both companies, certain heirs of their former controlling shareholder Motti Zisser, deceased, and other parties involved in a 2011 sale of US real estate properties. Brokerage fees for this transaction were allegedly illegally transferred to private companies controlled by Zisser. District Court approved defendant Philip Meyer's application for dismissal of the lawsuit against him. Plaza and Elbit appealed in November 2021. Both companies will continue handling legal proceedings in the District Court while each party maintains all claims in the main proceeding.

Read more
11 Apr 2023 14:35

IN BRIEF: Plaza Centers updates on EUR367.7 million claim over Romania

Plaza Centers NV - Property investor in India - Provides update on claim against Romania regarding the Casa Radio project, filing its memorial and supporting evidence at the International Centre for the Settlement of Investment Disputes. Says it seeks full compensation for its losses with respect to the project, currently estimated to be up to EUR367.7 million as at March 31. Follows last announcement in May 2022, when it issued a request for arbitration against Romania.

Read more
29 Mar 2023 17:35

TRADING UPDATES: Plaza Centers loss narrows; 450 eyes investments

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

Read more
27 Mar 2023 13:28

IN BRIEF: Plaza Centers notes India tax investigators conduct search

Plaza Centers NV - property investor in India - Notes investigators on behalf of the India state tax authority arrived at the offices of Elbit Plaza India Management Services Private Ltd on Monday, which is a private company wholly owned by Elbit Plaza India Real Estate Holdings Ltd.

Read more
13 Dec 2022 20:38

TRADING UPDATES: Savannah Energy ends deal; Plaza signs addendum

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

Read more
2 Sep 2022 10:56

IN BRIEF: Plaza Centers completes sale of Bangalore site

Plaza Centers NV - property investor in India - Completes the sale of India Real Estate Holdings Ltd rights in a site in Bangalore, India. Sells for a total of EUR14.3 million. The company expects to receive EUR5.2 million from the disposal. The sale follows a lengthy dispute between Elbit and an unnamed local investor. India Real Estate is a subsidiary of the company which is held equally with Elbit Imaging Ltd.

Read more

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