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EARNINGS: dotdigital eyes rosy future; Beeks Financial turns to profit

Tue, 05th Mar 2024 20:43

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

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Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - Swings to pretax profit of GBP158,000 in the six months to December 31, from a loss of GBP762,000 a year prior. Revenue climbs 25% to GBP13.0 million from GBP10.4 million. Cost of sales increase 31% to GBP8.2 million from GBP6.2 million, while admin expenses decrease 4.2% to GBP4.7 million from GBP4.9 million. Looking ahead, Chief Executive Officer Gordon McArthur says the company is confident as it was underlining "the size of the opportunity we are addressing. Financial markets are still only at the start of the journey to the cloud. With our proven offering and growing tier 1 customer base, which includes some of the largest financial organisations in the world, as well as our increasing profit margins and cash generation, we have never been better placed to seize the opportunity. Our focus for the second half remains the conversion of our significant pipeline."

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dotdigital Group PLC - London-based online marketing company - Pretax profit edges down negligibly to GBP7.38 million in the six months to December 31, from GBP7.42 million a year prior. Revenue however grows 15% to GBP38.7 million from GBP33.8 million. Cost of sales increase 14% to GBP8.0 million from GBP7.1 million. Administrative expenses increase 16% to GBP22.4 million from GBP19.2 million. Looking ahead, the company says it enters the second financial half "with good trading momentum and the ability to attract higher value deals, underpinned by continuous product enhancements to drive cross- and up-sells from the existing base." It adds: "We remain confident in the group's ability to continue to execute against its stated strategy and meet market expectations."

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MaxCyte Inc - Maryland, US-based provider of cell engineering platform technologies developing "next-generation cell therapeutics" - Confirms 2023 results it had announced in January. Further, expects core revenue growth of between none and 5% in 2024 compared to 2023. Expects strategic platform license programme-related revenue of around USD3 million for the year, down sharply from USD11.4 million in 2023. CEO Maher Masoud says: "As we continue to expand our SPL portfolio this year, we remain confident in our ability to support our current and prospective clients as new waves of next-generation cell therapies come to market."

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Origin Enterprises PLC - Dublin-based agronomy services firm - Pretax profit dives 96% to EUR5.3 million in the six months to January 31, from EUR13.3 million a year prior. Revenue drops 28% to EUR854.9 million from EUR1.18 billion. Notes an expected correction in global feed and fertiliser raw materials regarding decline in revenue. Despite the results, maintains interim dividend at 3.15 euro cents per share. Looking ahead, says on-farm sentiment remains cautious as growers shift towards spring planting and seek to optimise yields from a reduced autumn/winter planted area. Further, expects financial 2024 earnings per share between 44 and 49 euro cents, reflecting adverse weather. This compares to EPS of 45.24c Origin Enterprises had reported for financial 2023.

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Thor Energy PLC - US and Australia-focused mineral exploration company - Pretax loss widens to GBP2.3 million in the six months to December 31, from GBP8,000 a year prior. Posts no revenue. Notes costs regarding a write off of exploration assets of around GBP1.9 million in the most recent half-year, compared to no such cost a year prior. Managing Director Nicole Warland says: "After ending the year with consistent high-grade uranium results from our 2023 drilling program, we are optimistic about our 2024 drilling programs as we continue to strategically position our portfolio towards advancing our 'green energy' projects in the US." She adds: "With a strong pipeline of news flow expected for the coming months and project milestones across the portfolio, we anticipate 2024 to provide significant progress in our key assets and we will provide further updates in due course."

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Time Out Group PLC - Global media and hospitality business - Pretax loss narrows 63% to GBP4.6 million in the six months to December 31, from GBP12.5 million a year prior. Revenue falls 2.4% to GBP52.5 million from GBP53.8 million. However, like-for-like revenue in constant currency climbs 6.9% to GBP54.9 million from GBP51.4 million. Time Out says it has made "significant" further progress in driving profitability and operational cash generation. It says it has several potential growth avenues, citing collaboration with leading landlords and developers.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Jul 2022 09:48

IN BRIEF: Thor Mining shares up as campaign at Ragged Range completed

Thor Mining PLC - Australia-focused exploration and development company- Says it has drilled 48 reverse circulation holes totalling 3,120 metres at Ragged Range located in Eastern Pilbara, Western Australia, over the last three weeks. It says assay results are expected in August to September.

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30 Jun 2022 21:38

EXECUTIVE CHANGES: SDI hires former Ultra Electronics CFO as new CFO

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

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22 Jun 2022 11:00

IN BRIEF: Thor Mining wins drilling approvals on two projects in US

Thor Mining PLC - London-based exploration and development company focused on Australia - Receives drilling approvals on its 100% owned Wedding Bell and Radium Mountain projects in southwest Colorado, US. The drilling programme will begin once a drill rig has been sourced. It will target the Saltwash horizon. Field sampling by Thor returns high-grade uranium and vanadium within Saltwash.

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21 Jun 2022 10:09

Thor Mining starts 2nd phase of drilling at Ragged Range, Australia

(Alliance News) - Thor Mining PLC on Tuesday said it has entered the next phase of drilling at the Ragged Range project in Western Australia.

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17 Jun 2022 13:37

Thor Mining finds shallow anomaly at Krona Prospect

(Sharecast News) - Thor Mining announced on Friday that the recently-completed electromagnetic geophysics survey over the nickel gossan at the Krona Prospect had identified a conductive anomaly.

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17 Jun 2022 10:14

IN BRIEF: Thor Mining finds electromagnetic conductor at Krona project

Thor Mining PLC - A London-based exploration and development company focused on Australia - Says the electromagnetic geophysics survey over the nickel gossan at the Krona prospect at its Ragged Range project in Australia identified a "shallow conductor". Says the conductor will be drill tested as part of its upcoming reverse circulation drilling programme. It is scheduled to start next week.

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6 May 2022 14:23

IN BRIEF: Thor conducts survey to find nickel sulphide mineralisation

Thor Mining PLC - A London-based exploration and development company focused on Australia - Starts conducting an electromagnetic survey over the nickel gossan, or Krona prospect, of its Ragged Range project in Eastern Pilbara, Western Australia. Says the survey is supposed to detect "conductive anomalies" that could indicate the presence of nickel sulphide mineralisation. Says the survey is being undertaken by Vortex Geophysics Pty Ltd and is expected to take one week to complete. Notes that final preparations are in place to start the second phase of reverse circulation drilling at the Sterling gold prospect.

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6 May 2022 13:13

Thor starts nickel survey on Ragged Range Project

(Sharecast News) - Thor Mining announced the start of a ground-based electromagnetic survey over the nickel gossan now referred to as the Krona Prospect on Friday, at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia.

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4 Apr 2022 10:49

IN BRIEF: Thor Mining wins approval for drilling at Rim Rock, Colorado

Thor Mining PLC - London-based exploration and development company focused on Australia - Wins approval to drill at Rim Rock and Section 23, Groundhog, from San Miguel County, Colorado in the United States.

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30 Mar 2022 10:40

IN BRIEF: Thor Mining rises as work starts on Ragged Range, Australia

Thor Mining PLC - London-based exploration and development company focused on Australia - Says it is currently ground mapping and sampling several lithium targets at its 100% owned Ragged Range project in Western Australia. It adds that a fixed loop electromagnetics ground geophysics survey is scheduled for mid-April over the nickel gossan at the western portion of the area. Final preparations are also in place to commence the second phase of reverse circulation drilling at the Sterling Gold prospect, Thor Mining says.

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15 Mar 2022 20:54

TRADING UPDATES: Sancus expects revenue drop; Gresham assets grow

(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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22 Feb 2022 21:57

TRADING UPDATES: Angling Direct ups revenue; Ceiba takes Omicron hit

(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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27 Jan 2022 14:34

IN BRIEF: Thor Mining shares up by a third on new lithium prospects

IN BRIEF: Thor Mining shares up by a third on new lithium prospects

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27 Jan 2022 11:25

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

AIM WINNERS & LOSERS: Thor Mining, Alien Metals gain on Pilbara finds

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25 Jan 2022 12:42

Mechanical issues see Thor completing only half of planned drilling

(Sharecast News) - Thor Mining updated the market on drilling at its wholly-owned Ragged Range Project in the Eastern Pilbara of Western Australia on Tuesday, reporting that following "mechanical issues", only 50% of the planned maiden reverse circulation drilling programme was complete at the Sterling prospect.

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