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UK EARNINGS SUMMARY: Gama Aviation Interim Loss Widens As Revenue Down

Wed, 30th Sep 2020 21:13

(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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Gama Aviation PLC - Farnborough, Surrey-based aviation service provider - For the first half of 2020, pretax loss widens to USD4.2 million from USD2.0 million the year before, as revenue declines to USD109.2 million from USD121.8 million, as a result of the pandemic's effect on the aviation sector. Looking ahead, third quarter trading to September was stable, in line with management expectations.

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Sensyne Health PLC - clinical artificial intelligence technology company with headquarters in Oxford - For the year to the end of April, pretax loss widened to GBP22.6 million from GBP19.0 million, despite revenue rising sharply to GBP2.1 million from GBP136,000, through pharmaceutical R&D contracts.

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Block Energy PLC - exploration and production in Georgia - For the first half of 2020, pretax loss has remained flat at USD2.7 million, on generation of revenue to USD313,000 through sales of crude oil from its West Rustavi, Norio and Satskhenisi licences. Looking ahead, expects gas sales to start in fourth quarter of 2020 from West Rustavi.

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W Resources PLC - a tungsten, tin and gold mining and exploration company - For the first half of 2020, pretax loss widens to EUR1.7 million from EUR1.0 million on rising operating costs, in spite of revenue nearly rising fivefold to EUR1.0 million from EUR293,000. La Parrilla production comes up to 106.5 tonnes of tungsten concentrate and 64.5 tonnes of tin concentrate.

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M&C Saatchi PLC - London-based advertising firm - For 2019, pretax loss widens to GBP8.6 million from GBP6.3 million, on revenue that grew by 2.4% to GBP256.4 million from GBP250.3 million, on strong growth in the UK and Middle East & Africa more than offsetting a decline in Europe and flat performance in Asia & Australia.

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Tower Resources PLC - Africa-focused oil & gas company - For the first half of 2020, pretax loss narrowed to USD457,687 from USD1.6 million year before on sharply lower costs, despite no revenue being generated. During period, has extended initial period of the exploration phase of the Thali PSC, offshore Cameroon by one year.

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Prairie Mining Ltd - Poland-focused coal development firm - For the year to the end of June, pretax loss narrows to USD3.3 million from USD3.6 million on fall in exploration and evaluation expenses, on revenue that dropped to USD456,726 from USD557,330.

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daVictus PLC - Asia-focused food & beverage sector investor - For the first half of 2020, pretax loss narrowed to GBP116,576 from GBP127,453 the year before, on the generation of GBP3,333 in revenue from a franchisee in Kuala Lumpur, Malaysia.

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Vertu Capital Ltd - acquisition vehicle - For the first half of 2020, pretax loss narrowed to GBP52,536 from GBP65,520 the year before. During period, could not explore any acquisition opportunities due to adverse economic conditions.

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Xtract Resources PLC - miner with projects in Mozambique and Zambia - For the first half of 2020, pretax loss narrows to GBP187,000 from GBP320,000 the year before on lower administrative costs, as revenue from gold sales decline to GBP613,000 from GBP807,000. Total alluvial mining contractor gold production came dropped to 1,033 ounces from 2,138 ounces the prior year.

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European Metals Holdings Ltd - Australian mineral exploration & development company - For the year to the end of June, pretax loss widens to AUD4.6 million from AUD3.0 million the year before on higher costs, despite revenue rising to AUD183,835 from AUD1,461.

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MobilityOne Ltd - e-commerce infrastructure payment solutions and platform provider - For 2019, pretax profit rose sharply to GBP1.1 million from GBP67,491 the ear before, on revenue that grew to GBP169.4 million from GBP125.5 million.

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Secure Property Development & Investment PLC - County Durham, England-based eastern Europe focused property investor - As at December 31, net asset value per share falls by 18% to EUR0.23 from EUR0.28 in 2018. For 2019 as a whole, pretax loss widens to EUR2.3 million from EUR1.7 million the year before, on net operating income that dropped to EUR457.5 million from EUR651.1 million.

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Bezant Resources PLC - copper-gold explorer - For 2019, pretax loss widens to GBP1.1 million from GBP846,000, following a higher impairment charge relating to the Mankayan Copper-Gold project in the Philippines.

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Savannah Resources PLC - energy metals - For first half of 2020, pretax profit swings to USD1.2 million from loss of USD3.0 million, on the generation of USD91.7 million in revenue from gas and liquids sales from Nigerian assets.

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Orient Telecoms PLC - telecommunication services provider - For the year to the end of March, pretax loss narrows to GBP13,915 from GBP212,980 the year before, on revenue that nearly tripled to GBP600,596 from GBP218,822 on high demand for cloud-based services.

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Thor Mining PLC - vanadium and gold miner in US and Australia - For the year to the end of March, pretax loss widens to GBP922,000 from GBP735,000 the year before as expenses rise.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
16 Sep 2019 09:34

Savannah Resources Raises GBP5 Million For Mina Do Barroso Development

(Alliance News) - Savannah Resources PLC on Monday said it has raised GBP5 million cash through a share placing, subscription, and investment from its major shareholder to complete the definitive

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8 Aug 2019 11:50

Savannah Resources To Be Awarded Two New Mining Licences In Oman

LONDON (Alliance News) - Savannah Resources PLC is to be granted two mining licences over "high-grade" copper developments in Oman, it said on Thursday.Oman's Public Authority

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26 Jun 2019 15:29

Savannah Resources expands in Portugal by exercising Aldeia option

(Sharecast News) - Savannah Resources announced on Wednesday that it was adding to its wholly-owned Mina do Barroso Lithium Project portfolio in northern Portugal, with the exercise of the Aldeia option to acquire the Aldeia Mining Lease application areas.

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26 Jun 2019 14:23

Savannah Resources Buys Aldeia Blocks, Adding To Mina Do Barroso

(Alliance News) - Savannah Resources PLC said Wednesday it has added to its Mina do Barroso lithium project in northern Portugal by exercising an option to acquire a nearby mining lease.The

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20 Jun 2019 11:37

Savannah Resources Buys Remaining Stake In Portuguese Lithium Project

(Alliance News) - Savannah Resources PLC on Thursday said it has acquired the remaining 25% stake in Portugal's Mina do Barroso lithium project in an all-share transaction.The deal 100%

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31 May 2019 09:23

Savannah Resources Increases Mina Do Barroso Resource By 15%

LONDON (Alliance News) - Savannah Resources PLC sees room for further expansion of the mineral resource at Mina do Barroso, following a 15% upgrade, it said Friday.The new resource at the a

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21 May 2019 11:23

Savannah Resources Annual Loss Widens As Develops Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC on Tuesday reported a widened annual loss due to higher administrative expenses.For 2018, the resource development company posted pretax loss

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14 May 2019 14:06

Savannah Resources Welcomes European Vehicle Battery Investment

LONDON (Alliance News) - Savannah Resources PLC on Tuesday welcomed a move by France and Germany to work on electric vehicle batteries.The two nations, Savannah said, have set up a battery

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15 Apr 2019 15:30

Savannah Resources to acquire rest of Savannah Lithium

(Sharecast News) - Savannah Resources has entered into a term sheet to acquire the minority 25% shareholding in Savannah Lithium, it announced on Monday, which owns the Mina do Barroso Lithium Project in Portugal.

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15 Apr 2019 12:24

Savannah Resources Takes Full Control Of Flagship Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC on Monday said it has purchased all of the Mina do Barroso lithium project in Portugal is does not already own.Savannah is buying the 25% of

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9 Apr 2019 13:50

Savannah Resources Achieves Another Resource Increase In Portugal

LONDON (Alliance News) - Lithium miner Savannah Resources PLC has increased the mineral resource at its Mina do Barroso project in Portugal by 17%.The resource now stands at 23.5 million of

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11 Feb 2019 16:09

Savannah Resources reveals 'impressive' mineralisation at Portuguese lithium project

(Sharecast News) - Savannah Resources climbed on Monday after confirming the continuity of lithium mineralisation at its Mina do Barroso lithium project in Portugal.

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11 Feb 2019 12:10

Savannah Resources Confirms Lithium Continuity At Portuguese Project

LONDON (Alliance News) - Savannah Resources PLC on Monday said further drilling has confirmed the continuity of lithium mineralisation at its Mina do Barroso lithium project in at the Pinheiro, at

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29 Jan 2019 13:14

Savannah Resources Sees Excellent Test Results At Mina Do Barroso

LONDON (Alliance News) - Savannah Resources PLC said Tuesday further "excellent" test work results from its Mina do Barroso lithium project in Portugal is test work at the project 6.0% a

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18 Dec 2018 16:26

Savannah begins working with Portuguese study partners

(Sharecast News) - Resource development company Savannah Resources announced on Tuesday that it was now working with the Laboratorio Nacional de Energia e Geologia (LNEG) and Faculty of Sciences from the University of Porto, and had concluded a preliminary mineralogy study and a first draft processing flowsheet for the treatment, recovery and concentration of spodumene from samples of Grandao and NOA deposits at the Mina do Barroso Project (MdB) in Portugal.

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