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Pin to quick picksPoolbeg Pharma Share News (POLB)

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EARNINGS: Frontier Developments turns to loss; Poolbeg optimistic

Wed, 13th Sep 2023 14:41

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

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Frontier Developments PLC - Cambridge-based video games developer and publisher - For the financial year that ended May 31, reports pretax loss of GBP26.5 million, swung from a profit of GBP944,000 a year prior. Revenue falls to GBP104.6 million from GBP114.0 million. Research and development expenses increase 47% to GBP67.9 million from GBP46.2 million. Looking ahead, says financial 2024 started solidly, but notes worse than expected sales for Formula 1-focused video game F1 Manager 2023. Frontier expects revenue to grow 3.3% to GBP108 million in financial 2024, in line with market expectations. Further, it anticipates an adjusted loss before interest, tax, depreciation and amortisation of GBP9 million, widened by 96% from GBP4.6 million in financial 2023. "The big new game release for [financial] 2024 is still to come, with Warhammer Age of Sigmar: Realms of Ruin scheduled for release in November 2023. Our marketing campaign for launch kicked off strongly with our presence at Gamescom at the end of August," the company says.

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Henderson High Income Trust PLC - Pure income trust investing in dividend-paying UK companies - Net asset value per share as at June 30 is at 164.54 pence, virtually unchanged from 164.45p a year prior. Dividends paid or payable for the first half of 2023 are 5.15p per share, up from 5.05p a year ago. NAV total return in the first half of 2023 is 3.0%, outperforming its benchmark, which returns 1.9%. Its benchmark is a composite of 80% of the FTSE All-Share Index and 20% of the ICE BofA Sterling Non-Gilts Index rebalanced annually. Says investors are focused on how much further interest rates will increase, amid high inflation. Notes that UK inflation might take longer to abate, citing a "very tight labour market in the UK". Looking ahead, says UK companies "still appear to be relatively attractively valued in a global context".

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Made Tech Group PLC - London-based provider of digital, data and technology services to the UK public sector - Pretax loss in the financial year that ended on May 31 widens to GBP1.5 million from GBP288,000 a year ago. Revenue grows 37% to GBP40.2 million from GBP29.3 million. However, cost of sales increase 43% to GBP25.8 million from GBP18.0 million, as administrative expenses are 50% higher at GBP12.9 million compared to GBP8.6 million. Expects revenue in financial 2024 to be in line with financial 2023, citing near term political and macro economic challenges.

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Poolbeg Pharma PLC - London-based infectious disease focused biopharmaceutical company - In the six months to June 30, pretax loss widens to GBP1.8 million from GBP1.7 million a year ago. Posts no revenue, unchanged. Looking ahead, says continues to progressing its pipeline of products as it aims to become a one-stop-shop for pharma and biotech companies that seek programmes to in-license. Chief Executive Officer Jeremy Skillington says firm is positioned "to generate strong returns for shareholders over the coming years".

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Public Policy Holding Co Inc - Washington DC-based government and public relations firm - In the first half of 2023, swings to pretax profit of USD291,999 from loss of USD2.2 million a year ago. Revenue grows 27% to USD65.7 million from USD51.7 million. Declares interim dividend of USD0.0460 per share, up 2.2% from USD0.0450 a year prior. Looking ahead, targets organic revenue growth between 5% and 10% in the medium-term, and incremental growth from future mergers and acquisitions. Chief Executive Officer Stewart Hall says: "Our lobbying operations continue to be market leading in the US, consistently at the top of the Lobbying Disclosure Act rankings, while demand for our specialist public affairs advisory work continues to increase".

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RTW Biotech Opportunities Ltd - New York-based investment firm focused on the life sciences sector - Net asset value as at June 30 grows 34% to USD1.68 from USD1.25 a year prior. NAV total return of 9.3% outperforms benchmark Russell 2000 Biotech, which returns 5.3%. Looking ahead, Roderick Wong, managing partner and chief investment officer of RTW Investments LP, the company's manager, says: "With the second longest and deepest bear market for the biotech sector now behind us, this is an exciting time to invest in highly attractive opportunities across our private, core public and other public portfolios. We look ahead to the remainder of 2023 with confidence as we look to add both public and private companies to our portfolio of transformative assets with high growth potential across the biopharma and med-tech sectors. We look forward to updating shareholders with our continued progress throughout the remainder of the year".

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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1 May 2024 16:39

Poolbeg Pharma celebrates full patent approval for Immunomodulator II

(Alliance News) - Poolbeg Pharma PLC on Wednesday said that it has received a fully granted patent from the US Patent Office for its Immunomodulator II patent application.

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30 Apr 2024 16:43

Poolbeg agrees 12-month option over potential Behcet's treatment

(Sharecast News) - Poolbeg Pharma announced an exclusive 12-month option agreement with Silk Road Therapeutics on Tuesday, to potentially acquire a novel topical muco-adherent formulation of Pentoxifylline (tPTX).

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30 Apr 2024 16:30

EARNINGS: Avacta sales jump; Poolbeg loss narrows; Digital 9 NAV down

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

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20 Mar 2024 16:18

EARNINGS AND TRADING: Roadside Real Estate trims Cambridge Sleep stake

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

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20 Mar 2024 11:10

Poolbeg Pharma to be granted US patent

(Sharecast News) - Biopharmaceutical company Poolbeg Pharma announced on Wednesday that it has received a notice of allowance from the US Patent Office regarding its immunomodulator II patent application.

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19 Feb 2024 14:22

Director dealings: Poolbeg Pharma co-founder ups stake

(Sharecast News) - Poolbeg Pharma revealed on Monday that chairman Cathal Friel had acquired 830,000 ordinary shares in the AIM-listed biopharmaceutical company.

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15 Feb 2024 16:02

TRADING UPDATES: Diversified Energy offers dividend alternative

(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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12 Feb 2024 19:44

TRADING UPDATES: Katoro Gold launches fundraising, eyes board shake-up

(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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12 Feb 2024 14:37

Poolbeg upbeat on research into potential drug market

(Sharecast News) - Biopharmaceutical company Poolbeg Pharma announced findings from independent research confirming a substantial market opportunity exceeding $10bn for its drug candidate POLB 001 on Monday, in preventing cancer immunotherapy-induced cytokine release syndrome (CRS) through oral delivery.

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17 Jan 2024 13:58

Poolbeg Pharma hails POLB 001'S potential to treat CRS

(Alliance News) - Poolbeg Pharma PLC on Wednesday noted "promising" results for POLB 001's potential in treating cancer immunotherapy-induced cytokine release syndrome.

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TRADING UPDATES: K3 Business says cash balances ahead of forecast

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

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20 Dec 2023 13:54

Poolbeg makes promising progress with RSV programme

(Sharecast News) - Poolbeg Pharma revealed promising results from the lab-based analysis and prioritisation of respiratory syncytial virus (RSV) drug targets and treatments on Wednesday, driven by its artificial intelligence (AI) programme.

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21 Nov 2023 14:39

TRADING UPDATES: Poolbeg hails approval; EDX links with Thermo Fisher

(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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9 Nov 2023 16:57

IN BRIEF: Poolbeg Pharma appoints former Amryt executives to team

Poolbeg Pharma PLC - Clinical-stage biopharmaceutical company targeting diseases with a high unmet medical need - Appoints a number of former executives of Amryt Pharma PLC to its leadership team. Poolbeg's Chair, Cathal Friel, co-founded both Poolbeg and Amryt Pharma.

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