(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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Trackwise Designs PLC - company which produces products using circuit technology - Reports revenue growth to GBP6.1 million for 2020 from GBP2.9 million posted the year before. The company notes its resilient response to the pandemic, with progress made against all elements of its strategy. The company swings to pretax profit of GBP406,000 from GBP129,000 loss posted the year before. "What has become clear during the early part of 2021 is evidence of increasing supply chain stress, with increased prices and lengthening delivery timescales for a number of key raw materials. Sales have not been lost but this is impacting our ability to complete some orders on a timely basis," notes Chief Executive Philip Johnston.
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Accsys Technologies PLC - London-based chemical technology company - Generates revenue of EUR99.8 million for the financial year to March 31 versus EUR94.1 million the year before. The company notes that its sales volumes were up 4.5% for the year with a rapid recovery after the initial impact of Covid-19 in the first quarter. Pretax profit, however, falls to EUR340,000 from EUR1.5 million year-on-year, as finance expenses increase to EUR4.2 million form EUR2.9 million. Other operating costs also came in higher, at EUR28.5 million versus EUR26.3 million the year before. "I remain confident in the significant long-term growth opportunities ahead and in our ability to execute our strategy in pursuit of sustainable growth for our world-leading high performance, sustainable construction products," says CEO Robert Harris.
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Value & Indexed Property Income Trust PLC - investment company - Reports net asset value total return and share price total return of 12% and 39%, respectively. This compares with the FTSE All-Share Index total return of 27%. The total return from the equity portfolio was 27% and from the property portfolio was 2.3%. The trust declares a final dividend of 3.6p per share, making total dividends of 12.3p per share for the year to the end of March compared to 12.1p per share in the previous year. NAV per share, meanwhile, rose to 271.10p from 253.14p year-on-year.
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JPMorgan Japan Small Cap Growth & Income PLC - investment company - Reports the return to shareholders of 48% for the financial year to March 31, while the company's total return on NAV was 42%. The trust's benchmark, the S&P Japan SmallCap Net Return Index (in sterling terms), returned 22% over the same period. The company declares quarterly dividends totalling 21.9p per share for the year, up form 17.7p paid the year prior. NAV per share, meanwhile, improved to 550.0p from 401.8p year-on-year.
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Petro Matad Ltd - Mongolia-based production company - says it focused on progressing the block XX exploitation licence application during 2020, working closely with the relevant Mongolian government authorities. The company generates revenue of USD64,000 in the year versus USD769,000 the year prior, resulting in pretax loss of USD3.3 million form USD16.8 million. Petro Matad explained that its employee benefits expenses were reduced to USD1.6 million form uSD4.1 million year-on-year, while exploration and evaluation expenditure dropped to USD433,000 from USD10.9 million.
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Schroder UK Mid Cap Fund PLC - investment company - Reports NAV total return for the six months to the end of March of 24% compared to the 29% from the company's benchmark, the FTSE 250 ex Investment Trusts Index. NAV per share as at March 31 was 696.11p versus 435.01p posted the year before. "In the absence of a further serious wave of Covid-19 infections in the UK, the board remains optimistic about the prospects for the second half of the company's financial year," says Chair Robert Talbut.
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ICG Enterprise Trust PLC - investment firm - Reports NAV per share of 1,402p as at April 30 and NAV per share total return during the quarter to April-end of 1.6%. ICG says portfolio return on a local currency basis during the quarter was 3.4%. The company proposes first quarter dividend of 6p per share, an increase of 1p compared to the quarter ended April 2020. "Looking ahead, we believe the quality and breadth of investment opportunities we are seeing will lead to a very strong year of deployment for our high conviction investments," says Oliver Gardey, head of Private Equity Fund Investments at ICG.
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Hargreave Hale AIM VCT PLC - investment firm - Reports NAV per share as at the end of March of 95.71p versus 56.70 posted the year prior. Says share price on March 31 stood at 90.00p, representing a 6.0% discount to NAV. The company cuts its dividend per share to 2.65p from 4.00p paid the year before.
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Providence Resources PLC - Irish oil and gas exploration company - Reports loss for 2020 of EUR10.4 million versus EUR26.9 million in 2019. Providence says its primary focus is properly on Barryroe, however, its licenses in the North Celtic Sea hold significant near field appraisal and exploration potential and will be incorporated into future plans.
Separately, Providence Resources says Non-Executive Chair Pat Plunkett is stepping down following the annual general meeting to be held on July 22. James Menton, currently senior independent non-executive director, will assume the role of chair following the AGM.
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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