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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
28 Sep 2023 10:26

IN BRIEF: SDX Energy says Morocco well confirms presence of gas

SDX Energy PLC - London-based energy company, which currently has a portfolio of exploration, development and production assets in Egypt and Morocco - Says KSR-21 well in Morocco reaches a total vertical depth of 1,955 metres. Notes well drilling data confirms the presence of gas-charged sands in the targeted reservoir section. Earlier this month, SDX agreed to a non-binding gas prepayment heads of terms with Dika Morocco Africa for a drawdown of around USD2 million by the end of the month, which intends to use towards drilling costs of KSR-21.

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13 Sep 2023 11:53

SDX Energy signs accord for gas prepayment to support fourth quarter

(Alliance News) - SDX Energy PLC on Wednesday said it agreed on a non-binding gas prepayment heads of terms with Dika Morocco Africa, which it intends to use towards gas supplies in the fourth quarter.

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11 Sep 2023 14:08

IN BRIEF: SDX Energy operations unaffected by earthquake in Morocco

SDX Energy PLC - London-based energy company, which currently has a portfolio of exploration, development and production assets in Egypt and Morocco - Confirms that its operations have not been affected by an earthquake in Morocco last Friday. "SDX expresses its condolences to all those affected and will look to offer support in country," it says.

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4 Sep 2023 09:33

SDX Energy spuds Ksiri-21 well in Sebou Central of the Gharb Basin

(Alliance News) - SDX Energy PLC on Monday said it has commenced drilling the Ksiri-21 well in Sebou Central of the Gharb Basin, Morocco.

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30 Aug 2023 10:59

SDX Energy agrees to sell Egyptian assets to multinational buyer

(Alliance News) - SDX Energy PLC on Wednesday said it entered a non-binding heads of terms agreement to divest of all its Egyptian assets, as it prepares to diversify into supporting Morocco's energy transition.

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27 Jul 2023 21:53

TRADING UPDATES: Ormonde eyes AIM exit; Online Blockchain tests AI app

(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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10 Jul 2023 10:51

IN BRIEF: SDX Energy says senior employee in Egypt fired after probe

SDX Energy PLC - Egypt and Morocco-focused oil and gas - Fires senior employee in Egypt after an investigation into conduct. SDX had announced the probe back in May without naming the employee. At the time, SDX said the suspended employee had emailed SDX stakeholders raising concerns about local tax compliance. SDX had rejected the allegations, saying they were "without merit". "The company has received tax advice from local tax compliance specialists, including a 'big four' accounting firm, in relation to the alleged matters and the company strongly believes it complies with all local tax requirements," it said in May.

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13 Jun 2023 15:54

UK shareholder meetings calendar - next 7 days

Wednesday 14 June 
abrdn Property Income Trust LtdAGM
abrdn Smaller Companies Income Trust PLCAGM
Andrews Sykes Group PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurrigo International PLCAGM
Brave Bison Group PLCAGM
Christie Group PLCAGM
Foresight Solar Fund LtdAGM
IGas Energy PLCAGM
International Consolidated Airlines Group SAAGM
Iofina PLCAGM
James Fisher & Sons PLCAGM
Liberty Global PLCAGM
M&C Saatchi PLCAGM
Octopus Titan VCT PLCAGM
Petards Group PLCAGM
Thursday 15 June 
Amaroq Minerals LtdAGM
Anexo Group PLCAGM
ASA International Group PLCAGM
Baillie Gifford China Growth Trust PLCAGM
Chapel Down Group PLCAGM
Directa Plus PLCAGM
Everyman Media Group PLCAGM
HC Slingsby PLCAGM
Inspecs Group PLCAGM
Informa PLCAGM
IP Group PLCAGM
LBG Media PLCAGM
M&G Credit Income Investment Trust PLCGM re amendment to the company's articles of association
Novacyt SAAGM
OTAQ PLCAGM
Parity Group PLCAGM
PetroTal CorpAGM
Pollen Street PLCAGM
Shaftesbury Capital PLCAGM
Southern Energy CorpAGM
Friday 16 June 
Alpha Growth PLCAGM
Anglo-Eastern Plantations PLCAGM
Gulf Keystone Petroleum LtdAGM
John Lewis of Hungerford PLCGM re proposed cancellation of admission to trading on AIM
Tesco PLCAGM
Woodbois LtdAGM
Monday 19 June 
All ThingsConsidered Group PLCAGM
Blackbird PLCAGM
Finsbury Food Group PLCAGM
Globalworth Real Estate Investments LtdAGM
Marlowe PLCGM re proposed capital reduction
Metals Exploration PLCAGM
Red Rock Resources PLCGM re security conversion into shares for cash
Savannah Resources PLCAGM
Tuesday 20 June 
Acceler8 Ventures PLCAGM
Afentra PLCAGM
Armadale Capital PLCAGM
Bay Capital PLCAGM
Blackrock Smaller Companies Trust PLCAGM
Block Energy PLCAGM
Corero Network Security PLCAGM
Coro Energy PLCAGM
Crimson Tide PLCAGM
Curtis Banks Group PLCAGM
EPE Special Opportunities LtdAGM
ICG-Longbow Senior Secured UK Property Debt Investments LtdAGM
Jersey Oil & Gas PLCAGM
Kore Potash PLCAGM
Lords Group Trading PLCAGM
Mission Group PLCAGM
North Atlantic Smaller Cos Investment Trust PLCAGM
Red Capital PLCAGM
Saga PLCAGM
SDX Energy PLCAGM
Skillcast Group PLCAGM
Zegona Communications PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jun 2023 13:23

SDX Energy mulling sale of its Egyptian assets

(Sharecast News) - SDX Energy responded to, and confirmed, rumours over the potential sale of its Egyptian business on Monday.

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12 Jun 2023 10:32

SDX Energy shares up as it mulls Egyptian assets sale, receives offers

(Alliance News) - SDX Energy PLC on Monday said it has received multiple offers regarding its Egyptian assets and is evaluating them.

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5 Jun 2023 10:50

SDX Energy jumps on renegotiation of gas sales agreement in Morocco

(Alliance News) - SDX Energy PLC on Monday said it has renegotiated a gas sales agreement with one of its key customers in Morocco, resulting in it receiving a higher gas price for production from May 1.

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24 May 2023 12:33

UPDATE: SDX Energy says allegations from suspended employee baseless

SDX Energy PLC - Middle East and Africa-focused oil and gas company - Says recently suspended employee emailed SDX stakeholders raising concerns about in-country financial operations related to local tax compliance. Says allegations are "without merit" and are being dealt with.

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24 May 2023 12:15

IN BRIEF: Former Goldman Sachs executive director joins SDX Energy

SDX Energy PLC - Middle East and Africa-focused oil and gas company - Appoints former Goldman Sachs executive director Daniel Gould as managing director. This appointment comes as SDX Energy has undergone several executive changes over the last few months to implement a "new vision". Earlier this month, William McAvock was appointed chief financial officer following the announced departure of Daan Hanssen at the end of May.

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9 May 2023 14:39

TRADING UPDATES: Cohort hails subsidiary's deal; Treatt profit down

(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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2 May 2023 20:16

TRADING UPDATES: Knights Group buys St James Law and Baines Wilson

(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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