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Pin to quick picksSDX Energy Share News (SDX)

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UK EARNINGS SUMMARY: Glantus, Cambria Africa revenue grows; SDX down

Mon, 30th May 2022 17:26

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

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Livermore Investments Group Ltd - investment company focused on fixed income instruments - Net asset value per share rises 14% to USD1.07 as at December 31 from USD0.94 on the same date a year before. Income from investments grows 25% to USD27.5 million from USD22.0 million. Net profit multiplies to USD24.7 million from USD845,000. Attributes results to recovery from Covid-19 pandemic and "milder" disruptions to economic activity throughout the year.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - NAV per share stands at 110.70p as at March 31, up 2.2% from 108.27p as at December 31. Declares dividend of of 1.37p per share. Targets a total dividend of 5.46p for 2022, up 5% from 5.20 in 2021.

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Rockfire Resources PLC - gold and base metal exploration company - Pretax loss widens to GBP744,953 in 2021 from GBP719,987 in 2020, on higher administrative expenses. Records no revenue, unchanged from the year before. Says its delighted with the progress across its portfolio so far.

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Triple Point VCT 2011 PLC - small and medium sized enterprises investor - NAV per A share as at February 28 stands at 13.25p, down 75% from 52.43p on the same date the year before. NAV per B share stands at 57.69p, up slightly 0.6% from 57.36p. NAV per venture share grows 22% to 113.55p from 93.26p. Attributes results to the "good" performance of its portfolio. Total dividends per A share multiply to 36.50p from 6.75p. Declares no dividends per B share in the year, compared to 5.00p the year before. Declares total venture share dividends of 3.00p, unchanged from last year. Believes its venture fund's portfolio remains well-positioned for future growth.

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Glantus Holdings PLC - Dublin, Ireland-based provider of automation and analytics solutions - Pretax loss widens to EUR2.3 million in 2021 from EUR201,000 in 2020, on higher administrative expenses. Revenue rises 28% to EUR10.5 million from EUR8.2 million. Credits revenue growth to its strong organic trading performance and the acquisition of Technology Insights Corp in July. Says trading in 2022 has been in line with expectations so far.

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abrdn Japan Investment Trust plc - investor in listed Japanese companies - Net asset value total return amounts to negative 10% in the year to March 31, underperforming the TOPIX benchmark's negative 2.7% total return. Discount to NAV per ordinary share widens slightly to 11.0% from 9.9%. Revenue return per share grows 59% to 8.5p from 6.6p, year-on-year. Blames weak performance on "fears of rising infections, the initially slow vaccination programme and Tokyo entering its third emergency lockdown" that weighed on markets, especially in the second half. Declares a final dividend of 9.0p, making for a total dividend of 15.0p, unchanged from financial 2021. Believes its strategy will serve its shareholders well "over the long term."

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Cambria Africa PLC - Zimbabwe-focused investment company - Pretax profit rises 79% to USD240,000 in the six months to February 28 from USD134,000 in the same period a year before. Revenue grows 38% to USD724,000 from USD526,000. This was mostly due to increased revenue from Tradanet, the company's 51% owned subsidiary.

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SDX Energy PLC - London-based oil and gas company focused on Egypt and Morocco - Records net revenue of USD11.2 million in the first quarter ended March 31, down 16% from USD13.4 million a year before. Blames this largely on USD2.3 million lower revenue in Morocco due to "the non-renewal of an expired customer contract and slightly lower realised pricing due to adverse [foreign exchange movements]". Says average entitlement production 4,017 barrels of oil equivalent per day was 17% higher than mid-point 2022 market guidance of 3,425 boepd. Says production in Morocco and at South Disouq was above 2022 guidance during the first quarter. Notes production at West Gharib was below guidance as production from the ongoing drilling campaign will contribute "more significantly" in the second half of 2022, and due to fewer wells being drilled in the period.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
3 May 2024 15:50

IN BRIEF: SDX Energy completes drilling operations in Rharb Basin

SDX Energy PLC - London-based energy company with exploration, development and production assets in Egypt and Morocco - Completes drilling operations on the BMK-2 well, located in the Rharb Basin, Morocco. "At 1,265 metres in the Guebbas formation, the well encountered a 9-metre interval, believed to be equivalent to the well's primary target, with strong gas shows up to approximately 100 times background gas readings. The well was drilled to its total depth of 1,412 metres, and has been left temporarily suspended with a plug set to allow the well to be sidetracked, to the target formation at 1,265 metres, once the required equipment has been mobilised," says SDX.

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29 Apr 2024 14:08

SDX Energy says KSR-21 begins producing gas upon government approval

(Alliance News) - SDX Energy PLC on Monday said that that the KSR-21 well in Morocco has received necessary government approvals and gas production has commenced.

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24 Apr 2024 14:26

TRADING UPDATES: 88 Energy firms bookbuild; Gama Aviation inks deal

(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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19 Apr 2024 10:29

SDX Energy signs deal to dispose of West Gharib interests in Egypt

(Alliance News) - SDX Energy PLC on Friday said it has executed a binding sale and purchase agreement for the disposal of its West Gharib interests in Egypt.

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3 Apr 2024 14:27

SDX Energy commences drilling at well in Rharb basin, Morocco

(Alliance News) - SDX Energy PLC on Wednesday said it began drilling the Beni Malek-2 well in the Rharb basin, Morocco.

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3 Apr 2024 13:18

SDX starts drilling BMK-2 well in Morocco

(Sharecast News) - SDX announced the start of drilling operations for the Beni Malek-2 well (BMK-2) in the Rharb Basin of Morocco on Wednesday, situated 1.5 kilometres from the BMK-1 discovery well.

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27 Nov 2023 20:02

TRADING UPDATES: Live Co to cut jobs; SDX Energy in strategy shift

(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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27 Nov 2023 15:58

SDX Energy pivoting away from Egyptian assets

(Sharecast News) - SDX Energy updated the market on its strategic transformation on Monday, shifting its focus from solely an oil and gas business to becoming an integrated, hybrid energy provider in Morocco.

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22 Nov 2023 14:20

EXECUTIVE CHANGES: Ocean Harvest catches new CFO, Titon hires new CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and not separately reported by Alliance News:

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31 Oct 2023 17:58

TRADING UPDATES: Schroders Capital Global investee to be bought out

(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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5 Oct 2023 14:17

SDX Energy receives $1.9m pre-payment from Citic subsidiary

(Sharecast News) - Exploration and production company SDX Energy revealed on Thursday that it has received a payment of roughly $1.9m from a Citic Group subsidiary in relation to a gas pre-payment head of terms agreement.

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5 Oct 2023 10:16

AIM WINNERS & LOSERS: SDX Energy receives gas prepayment from Citic

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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5 Oct 2023 09:56

SDX Energy shares surge on gas prepayment for Morocco well drilling

(Alliance News) - SDX Energy PLC on Thursday said it received around USD1.9 million from Dika Morocco Africa as part of a gas prepayment heads of terms announced in September.

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29 Sep 2023 11:51

EARNINGS: Ebiquity swings to profit; SDX Energy swings to loss

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

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28 Sep 2023 16:05

SDX Energy finds gas-charged sands in new well

(Sharecast News) - SDX Energy announced the successful drilling of the KSR-21 well on Thursday, achieving its target vertical depth of 1,955 metres, or 1,966 metres when considering the measured depth.

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