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TRADING UPDATES: Avation loss narrows; Franchise Brands profit rises

Thu, 03rd Mar 2022 19:32

(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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Avation PLC - Singapore-based commercial passenger aircraft leasing company - For the six months ended December 31, pretax loss narrows to USD15.9 million from USD60.5 million, due to a much lower impairment loss on aircraft and credit losses. Revenue drops 6% year-on-year to USD57.9 million from USD61.3 million. Avation's aircraft fleet stands at 42, however fleet assets declines 7.0% year-on-year to USD1.00 billion as at December 31 from USD1.08 billion at the end of June.

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Franchise Brands PLC - Manchester-based owner of ChipsAway, Willow Pumps and Metro Rod brands - For 2021, pretax profit rises 57% year-on-year to GBP5.8 million from GBP3.7 million the year before, on revenue which grows 17% year-on-year to GBP57.7 million from GBP49.3 million, with double digit sales from Metro Rod and Metro Plumb, as well as a strong recovery from the B2C division. Declares final dividend of 0.9 pence per share, bringing total payout to 1.5p, up 36% from 1.1p. Looking ahead, reports strong start to 2022, with continued sales growth in B2B.

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Poolbeg Pharma PLC - London-based pharmaceutical company - For the period from incorporation on March 19 to December 31, posts pretax loss of GBP2.3 million and no revenue as the company continues to develop its severe influenza treatment POLB 001.

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Crystal Amber Fund Ltd - Guernsey-based investment company - As at December 31, net asset value per share increases 11% year-on-year to 143.19 pence from 128.99p. For the six month period, delivered NAV negative return of 0.8%, compared to a 4.7% positive return from the Numis Small Cap Index.

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JPMorgan Global Growth & Income PLC - invests in companies around the world - As at December 31, net asset value per share increases 6.1% year-on-year to 459.1 pence from 432.3p, while for the six month period, NAV total return is 8.2%, compared to a 7.7% return from the MSCI AC World Index.

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t42 IoT Tracking Solutions PLC - Jersey-based provider of tracking, security and monitoring solutions for containers and freight - For 2021, operating loss widens to USD2.7 million from USD1.8 million, on revenue which declines 16% year-on-year to USD4.2 million from USD5.0 million due to supply chain issues and a performance turnaround only taking place near the end of 2021.

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Allergy Therapeutics PLC - Sussex-based biotechnology firm focused on allergy vaccines - For the six months ended December 31, pretax profit drops 54% to GBP7.3 million from GBP15.8 million a year before, due to a rise in costs and a 10% year-on-year decline in revenue to GBP48.7 million from GBP54.0 million, due to the strategic streamlining of older products. Looking ahead, company has a strong outlook for the full financial year with operating profit on track to meet consensus expectations.

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Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - For the year ended September 30, pretax loss narrows to GBP623,000 from GBP1.4 million the year before, due to smaller impairment charges, and a slight rise in revenue to GBP37,000 from GBP9,000

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
25 Oct 2022 17:24

Power Metal says site survey definitive after superconductor result

(Alliance News) - Power Metal Resources PLC on Tuesday said momentum continues to build at its Molopo project after a geophysical survey revealed "massive sulphides" at the licence.

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20 Oct 2022 21:56

TRADING UPDATES: Fiske swings to loss; Nanoco sees loss widen

(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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14 Oct 2022 10:30

Kavango Resources considers further exploration after system surprise

(Alliance News) - Kavango Resources PLC on Friday said it is considering next steps for drilling after the unexpected confirmation of an iron oxide copper gold system at its Ditau project.

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5 Oct 2022 14:01

Power Metal adds to its uranium portfolio with Badger Lake purchase

(Alliance News) - Power Metal Resources PLC on Wednesday said it has added to its property portfolio with the purchase via claim staking of the Badger Lake uranium property in Canada's Athabasca Basin.

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28 Sep 2022 11:49

IN BRIEF: Power Metal survey at Molopo in Botswana finds new conductor

Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Posts update on Molopo farms complex project in Botswana. Explains surveys covered target areas T1-T4, T1-3 and T2-3. Says "final results have highlighted a large, significant geophysical conductor at target area T2-3". Further, "This conductor has been given a high-priority, A+, ranking by the company, the same priority ranking granted to the conductor at T1-6, where drilling is ongoing."

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26 Sep 2022 08:10

IN BRIEF: Evrima investee says drilling at Molopo Farms has begun

Evrima PLC - mining and exploration investor - On Thursday last week, notes update from partner Power Metal Resources PLC, which says inaugural drilling at Molopo Farms Complex project in Botswana has started. Power Metal says diamond core drilling at drillhole DDH1-6B is now underway and is targeting a "large southerly dipping conductor that was identified by the company's recently completed moving loop electromagnetic geophysics survey over the priority target area 1-6".

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21 Sep 2022 20:02

TRADING UPDATES: AB Dynamics revenue up; SDI Group trades in line

(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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15 Sep 2022 15:49

Power Metal announces Molopo update with drilling to begin soon

(Alliance News) - Power Metal Resources PLC on Thursday said that it has completed surveying and modelling at its Molopo Farms Complex project in Botswana.

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9 Sep 2022 19:11

TRADING UPDATES: BH Macro NAV rises; Rambler warns on balance sheet

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

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7 Sep 2022 21:42

TRADING UPDATES: Zinnwald upbeat; Nanoco-Samsung trial delay

(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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5 Sep 2022 12:36

Power Metal raises GBP1 million for drilling at Molopo Farms

(Alliance News) - Power Metal Resources PLC shares rose on Monday after it announced it has secured funding for its drilling programme in Botswana.

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2 Sep 2022 15:43

IN BRIEF: Power Metal completes Tati project drilling programme

Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Completes drilling programme at the Tati gold project in Botswana, in which 490 metres were drilled across nine holes for an average drill-hole depth of 55 metres.

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2 Sep 2022 11:55

IN BRIEF: Power Metal buys Durrant Lake uranium property in Canada

Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Buys Durrant Lake uranium property, located in the Athabasca Basin area in Saskatchewan, Canada, through claim staking. Says claims have been registered with the Mineral Administration Registry Saskatchewan at a total cost of CAD3,519, about GBP2,315. Claims will remain valid for two years.

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1 Sep 2022 21:55

TRADING UPDATES: Kropz gets more cash; Audioboom releases new podcasts

(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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30 Aug 2022 13:18

IN BRIEF: Power Metal signs drill deal with Mindea at Molopo Farms

Power Metal Resources PLC - metals exploration company focused on North America, Africa and Australia - Signs drill deal with Mindea Exploration and Drilling Services Ltd, a Botswana-based company with drilling experience in-country, for about 2,600 metres of diamond drilling at the Molopo Farms Complex project in southwestern Botswana. Says drilling is scheduled to start in mid-September this year.

Read more

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