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(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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BSF Enterprise PLC - London-based biotechnology investor and owner of UK tissue engineering company 3D Bio-Tissues - Pretax loss for year to September 30 widens to GBP1.6 million, following GBP929,432 the year before. Sales increase to GBP12,942 from zero, incurring GBP71,324 in cost of sales. Administrative expenses increase to GBP1.6 million from GBP927,322. Earnings per share fall to 1.59 pence from 2.06p. Cash and equivalents total GBP2.3 million at end of year, up from GBP1.1 million at the same time one year prior. Cash balance is GBP1.6 million on Wednesday. Managing Director Che Connon says BSF is "making great strides towards our strategic goals", its strategy being "to develop BSF into an ecosystem of industry-leading bio-tech companies that can bring transformative products to healthcare, fashion and cellular agriculture markets".
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Blencowe Resources PLC- Developer of the Orom-Cross graphite project in Uganda - Pretax loss for the year to September 30 widens to GBP1.4 million, from GBP1.1 million the prior year. Administrative expenses increase to GBP1.3 million from GBP681,488. Says it incurred GBP1.2 million in capitalised exploration costs, down from GBP1.4 million and in line with board expectations. Cash balance as of September 30 is GBP129,853, down from GBP346,994 one year previously.
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Intuitive Investments Group PLC - investment company focused on the life sciences and technology sectors - NAV per share as of September 30 is 12.04 pence, down 33% from 17.95p at the same time one year prior. Says it is well positioned to deliver growth in shareholder value over the coming months, following its "transformational" investment in Hui10 Inc, which has interests in two operating business "involved in the digital transformation of the Chinese lottery". Adds that 2023 "was a transformational year for IIG and lays the foundations for further progress in 2024". Loss for the year to September 30 widens to GBP3.2 million from GBP1.2 million the prior year, with deficit increasing to GBP2.5 million from GBP1.1 million. Cash at year end totals GBP1.7 million, up from GBP1.6 million. Earnings per share increase to 4.13p from 2.01p.
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New Energy One Acquisition Corp PLC - London-based special purpose acquisition company seeking target within energy transition sector - Reports GBP3.3 million pretax loss for six months to October 31, narrowed from GBP8.0 million the previous year. Administrative expenses increase to GBP1.9 million from GBP397,254. Finance expenses decrease to GBP989,067 from GBP4.8 million. Loss per share narrows to 0.56p from 1.29p. Company has GBP2.1 million cash and equivalents as of October 31, up from GBP1.2 million on the same day in 2022. Chair Volk Beckers says the half year "saw significant momentum, both legislative and corporate action, in energy transition related businesses". Adds, however, that "UK public equities markets have been challenging and investor appetite for new issuances remains an obstacle to NEOA's ability to effect a business combination."
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Sylvania Platinum Ltd - platinum group metals producer and developer with assets in South Africa - Records no lost-time injuries in the second quarter which ended on December 31. Reports USD20.9 million in net revenue, up from USD19.7 million in the first quarter. Net profit decreases 13% to USD1.6 million from USD1.8 million. Group earnings before interest, tax, depreciation and amortisation increase to USD4.4 million from USD2.8 million. Company says it maintains strong cash reserves to fund its expansion and joint venture initiatives. Thaba JV project is progressing on schedule, with construction of earthworks and civil works package having started in December. Says that Sylvania Dump Operations produced 18,232 4E platinum group metal ounces, down 10% from 20,173 4E ounces in the first quarter but in line with guidance.
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By Emma Curzon, Alliance News reporter
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