RXP.L Share News (RXP)

Pre-tax losses narrowed at Hambledon Mining in the half year to June 30 as the Kazakhstan-focused gold miner ramped up production.Pre-tax losses narrowed to £179,000 from £1.1m over the same six month period the previous year, as revenues rose to £7.22m from £5.67m. Gold production from its Sekisovskoye mine in east Kazakhstan rose to 9,669 ounces from 9,413 ounces, while silver output was up to 21,339 ounces from 20,447 ounces.Profits and revenues were higher at Morson in the six months to June 30 despite the provider of contracted workers to the aerospace, defence, power and rail industries complaining of the continuation of tough economic conditions.Pre-tax profits climbed to £5.3m from £4.9m on revenues that edged up to £221.8m from £219.9m.'Whilst we expect market conditions to remain challenging into 2011, we firmly believe that the prospects for the group and its long term future growth are encouraging,' chairman Gerry Mason said.Shares in Third Quad Capital climbed even after the alternative software vendor and specialist corporate finance broker reported wider losses following a period of restructuring at the company.Losses in the six months to June 30 totalled £351,391, against a deficit of £186,162 the same period the previous year, on sales that fell to £456,925 from £482,925.Revenues soared at ZincOx in the half year to June 30 but so did losses as the zinc, miner, recycler and refiner moves towards bringing its first recycling project into production, in Korea. Pre-tax losses widened to £25.5m from £10.8m over the same period the previous year on revenues that soared to £921,000 from £345,000.Active Energy may have changed its name from Cinpart but that does not seem to have changed its fortunes much. The company remained loss making in the first half of 2010, though the scale of the losses reduced from £0.70m in the first half of last year to £0.63m this time round. Revenue shot up to £2.8m from £0.8m the year before, with the company's venture into the voltage optimisation market generating £1.69m of sales.Better things may be ahead for the company, however. "We continue to see high levels of interest in our voltage optimisation products and our pipeline of new business opportunities is encouraging," said chairman Philip Palmer. "However, the lead times for closing sales are proving longer than originally anticipated, especially when securing major orders," he added.Full year results from All Points North had the share price heading south, as the property development company saw loss before tax more than double to £0.46m from £0.22m the year before. Revenue in the year to 31 March eased to £0.70m from £0.87m a year earlier."Our net assets position was reduced to £1,133,573 (2009 £1,265,834), i.e. 15.3p per share (2009 17.1p) at the year end and this is the key performance indicator used by the company to measure its performance," said chairman Keith Chadwick. Velosi, the oil rig safety consultant, is down at three-month lows following a drop in half-year pre-tax profit to $7.4m from $7.9m a year ago. Turnover rose 6% to $94.5m.Chairman John Hogan also warned that there are "fewer higher margin specialist inspection contracts coming up for tender as the major oil and gas corporations remain cautious".Kazakhstan-focused Roxi Petroleum lost $46.8m in the six months to 30 June compared with $8.9m last time."We believe that BNG and Galaz are our core assets, which will serve Roxi shareholders well as we develop them further and maximise their potential," said CEO David Wilkes. Oesophageal Doppler monitoring equipment group Deltex bumped up sales by 13% to £2.9m during the first six months of 2010 and the loss before tax almost halved to £663,000 from £1.2m."Higher sales at better margins on a reduced cost base meant the company consumed less cash before movements in working capital and is on track to pass the cash break-even point in the second half with only modest further sales growth," claims chairman Nigel Keen.