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TRADING UPDATES: Loungers posts record revenue; SigmaRoc solid quarter

Tue, 26th Apr 2022 16:00

(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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Loungers PLC - operator of restaurants across England and Wales - For the 52 weeks ended April 17, achieves a record revenue of GBP237.3 million, in spite of a subdued December due to the Omicron variant. For the 48 weeks ended April 17, three year like-for-like sales grows 22%. Following a strong post-Christmas performance, profitability for the year is set to be slightly ahead of expectations.

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SigmaRoc PLC - London-based investment company focused on construction - For the first quarter of 2022, revenue rises 19% to GBP111.2 million from the same period in 2021, due to strong customer demand across all regions and products, particularly construction materials. Despite the uncertain macroeconomic backdrop, SigmaRoc remains confident about its prospects for the year.

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Trakm8 Holdings PLC - Birmingham-based telematics and data insight provider - For the financial year ended March 31, revenue rises 14% higher year-on-year to GBP18.2 million, and as a result expects to achieve an adjusted pretax profit of around GBP7,000, swinging from a loss of GBP300,000 the year before. Looking ahead, company is experiencing significant salary and component inflationary pressures, and states it is unlikely that the company can mitigate all of these cost measures.

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Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - For 2021, expects to report revenue at GBP363 million, and adjusted earnings before interest, tax, depreciation and amortisation of GBP21.5 million. For the first quarter of 2022, group revenue grew 14% to GBP103.2 million from GBP91.0 million a year prior, driven by strong growth from the Merchanting division. Looking further ahead, for 2022 the company anticipates revenue at GBP438 million, and adjusted pretax profit of GBP16.0 million.

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Franchise Brands PLC - Manchester-based owner of ChipsAway, Willow Pumps and Metro Rod brands - Notes continuation of sales and Ebitda growth seen in 2021 throughout the first quarter of 2022. In addition, reports a positive contribution to the group from the integration of Filta Group Holdings PLC. "Overall, the group is trading well, and the board looks forward to the rest of the year with considerable confidence".

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Bushveld Minerals Ltd - Guernsey-based vanadium producer with assets in South Africa - For the three months ended March 31, total production edges 1% higher at 972 metric tonnes vanadium, from 962 mtV the previous quarter, due to continued operational stability. Meanwhile, total sales grow 9% to 857 mtV from 788 mtV the same period a year prior. Looking ahead, Bushveld remains on track to meet annual production guidance of 4,200 mtV - 4,400 MtV.

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Shanta Gold Ltd - east Africa-focused gold producer, developer and explorer - For the first quarter of 2022, production dips to 11,408 ounces of gold from 12,244 ounces the previous quarter, in line with guidance set in January. The West Kenya project has upgraded its mineral resource estimate, with a 31% increase to 1.55 million ounces and sharp jump in indicated resources to 378,000 ounces grading at 11.7 grams per tonne.

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Manolete Partners PLC - London-based insolvency litigation financing - Receives all expected cash amounting to GBP5.6 million, following the completion of one of its larger case investments for GBP9.5 million, first mentioned in mid-April. Back then, the company says earnings before interest and tax between GBP5 million and GBP6 million to fall below market expectations for year ended March 31.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Shanta Gold swings to half-year loss as gold sales drop

Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Swings to a pretax loss of USD874,000 in the six months to June 30, from USD8.6 million profit a year before, as revenue falls 10% to USD51.9 million from USD57.8 million. Further, cost of sales climb 6.6% to USD41.9 million from USD39.3 million. Attributes the fall in revenue to a decrease in gold ounces sold. Maintains its interim dividend of 0.10 pence per share. Keeps full-year production guidance of 68-76,000 ounces of gold.

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31 Aug 2022 19:13

IN BRIEF: Shanta Gold's Singida project construction 70% complete

Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Announces that Singida gold project in Tanzania remains on-track for first production in early 2023, with overall construction activity at the project being nearly 70% complete.

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5 Aug 2022 17:52

IN BRIEF: Shanta Gold shows high-grade results at West Kenya drilling

Shanta Gold Ltd - Guernsey-based east Africa-focused gold producer, developer and explorer - Phase two drilling programme at West Kenya project is aimed at converting resources to Indicated at Isulu-Bushiangala, and so far 10,082 metres of drilling has been completed across 35 holes.

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IN BRIEF: Shanta Gold wins maiden mining licence at Porcupine South

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IN BRIEF: Shanta Gold's annual profit shrinks as recovers less gold

Shanta Gold Ltd - east Africa-focused gold producer, developer and explorer - Posts fall in profit due to mining lower grades of gold than anticipated. Pretax profit in 2021 falls to USD1.0 million from USD39.0 million in 2020. Revenue falls to USD103.6 million from USD147.4 million. The mining of lower grades at the New Luika gold mine in Tanzania resulted in higher production costs, the firm explains. 2021 gold production stood at 55,280, down from 82,978 ounces in 2020. Expects to produce 68,000 to 76,000 ounces in 2022.

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