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Pin to quick picksThor Energy Share News (THR)

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EARNINGS: Supply@Me loss narrows; notes strong pipeline

Fri, 29th Sep 2023 14:35

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

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Thor Energy PLC - London-based uranium and vanadium explorer - Says pretax loss narrows to GBP520,000 in its financial year ended June 30, from GBP1.3 million the year prior. Declares no dividend for the year.

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Pineapple Power Corp - cash shell with a focus on acquisitions in clean and renewable energy sectors - Says pretax loss widens to GBP238,797 in the first half of 2023, from GBP186,763 the year prior. Posts no revenue for the period, unchanged from a year ago. Director Claudio Morandi says financial 2023 was "solely focused on the search and identification of a suitable acquisition in the renewable or clean energy sector."

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Orosur Mining Inc - South America-focused minerals explorer and developer - Says net loss for continuing operations widens to USD1.7 million in the year ended May 31, from USD1.4 million a year ago. Says total comprehensive loss widened to USD2.4 million, from USD1.4 million. Chair Louis Castro says: "During the period, the company focused on exploration at El Pantano and at Ariquemes which have both produced positive results, whilst progressing at Anza with negotiations of its joint venture agreement with MMA and with the formation of the new mining company."

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Hostmore PLC - West Sussex, England-based owner of casual dining brand Fridays - Says pretax loss narrowed to GBP10.8 million in the first half ended July 2, from GBP17.1 million a year ago. Revenue fell 5.0% to GBP93.6 million from GBP98.5 million but Hostmore takes a much smaller impairment of property, plant and equipment. Chief Executive Julie McEwan says: "The initiatives taken in the first half of 2023 have built a leaner and more focused organisation. As we move through the second half of our financial year, it is encouraging to see the effects of our strategic and operational actions coming through in our results." Chair Stephen Walker says: "We are pleased that the actions taken have dramatically improved the financial outlook of the business, thereby keeping us on the path to repaying all of our borrowings and initiating shareholder distributions."

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TruFin PLC - London-based financial technology holding company for niche lenders and early payment providers - Reports that revenue rose to GBP5.9 million in the first half ended June 30, from GBP4.3 million the previous year, partially as a result of growth in its subsidiary Oxygen Finance's core UK early payments market. Says revenue also increased in its Satago, Playstack and Vertus subsidiaries. Says pretax loss widened to GBP6.2 million, from GBP4.8 million due to a one-off impairment loss of GBP1.3 million on its expected sale of its Vertus stake. Chief Executive James van den Bergh says: "We have made positive progress during 2023, with growth across the Group. It was pleasing to successfully conclude TruFin's fundraise in June 2023... The proceeds allowed Playstack to enter into an agreement to develop and licence further games in the Mortal Shell franchise - an exceptional series that the whole team is excited to work on. Playstack's signing of a further multi-million-dollar, multi-year partnership to develop a series of sequel games based on existing published IP is further testament to the momentum within the business."

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Supply@Me Capital PLC - fintech platform - Says total loss narrows to GBP2.6 million in the first half of 2023, from GBP6.2 million the year prior. Reports revenue of GBP100,000, compared with no revenue previously. Notes that the revenue is from due diligence fees and platform usage and servicing fees. Says pretax loss from continuing operations narrows to GBP2.4 million, from GBP3.6 million. Chief Executive Alessandro Zamboni says: "The past six months have been productive for Supply@ME, with our team working tirelessly on several key development workstreams. I am delighted with the progress we have made. We've started to build our track record on IMs which have unlocked a significant increase in engagement and interest in the Supply@ME Platform, both in our core markets and further afield. Our pipeline is strong and the experience we have gained continues to streamline the onboarding process."

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Nov 2022 15:48

UK shareholder meetings calendar - next 7 days

Friday 11 November 
88 Energy LtdGM proposed resolutions vote
Abcam PLCGM re approval to leave AIM on 14 December
Galliford Try Holdings PLCAGM
Ingenta PLCGM capital allocation
Redrow PLCAGM
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Tuesday 15 November 
Berkeley Energia LtdAGM
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Unicorn AIM VCT PLCAGM
Unicorn Mineral Resources PLCAGM
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European Opportunities Trust PLCAGM
Finsbury Food Group PLCAGM
GreenX Metals LtdAGM
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Marble Point Loan Financing LtdAGM
McBride PLCAGM
Petra Diamonds LtdAGM
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Close Brothers Group PLCAGM
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Thor Mining PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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4 Nov 2022 11:04

AIM WINNERS & LOSERS: Enwell loses Ukraine license; Thor strikes gold

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

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4 Nov 2022 10:28

Thor Mining celebrates best gold intercept yet at Pilbara project

(Alliance News) - Thor Mining PLC said it anticipates positive returns from Kelly's Ridge, after initial drilling revealed high-grade intercepts.

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4 Nov 2022 09:01

LONDON MARKET OPEN: FTSE 100 boosted by miners as commodities rise

(Alliance News) - Stocks were higher in London early Friday, as mining stocks lifted the FTSE 100, buoyed by rumours of an end to China's zero-tolerance Covid policies.

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4 Nov 2022 07:49

LONDON BRIEFING: Stocks called higher; US job growth expected to slow

(Alliance News) - Stock prices in London were called higher on Friday in the wake of US Federal Reserve and Bank of England rate hikes, as markets now await a key US jobs report, expected to show a softening in the labour market.

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26 Oct 2022 14:35

TRADING UPDATES: Solid State expects to top annual expectations

(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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10 Oct 2022 17:28

IN BRIEF: Thor Mining begins drilling at Kelly's prospect in Australia

Thor Mining PLC - Australia-focused exploration and development company - Begins drilling at Kelly's prospect in the Ragged Range project in Eastern Pilbara. Drilling targets the sheared contact of Euro Basalts and Boobina Porphyry that forms a silicified ridge extending over 1 kilometre. Drilling follows up on rock chip samples returning up to 16 grams per tonne of gold and 55 grams per tonne of silver.

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10 Oct 2022 17:26

IN BRIEF: Thor Mining begin drilling at Kelly's prospect in Australia

Thor Mining PLC - Australia-focused exploration and development company - Begins drilling at Kelly's prospect in the Ragged Range project in Eastern Pilbara. Drilling targets the sheared contact of Euro Basalts and Boobina Porphyry that forms a silicified ridge extending over 1 kilometre. Drilling follows up on rock chip samples returning up to 16 grams per tonne of gold and 55 grams per tonne of silver.

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30 Sep 2022 18:24

EARNINGS UPDATES: 600 Group swings to profit; Thor Mining narrows loss

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

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26 Sep 2022 12:43

Thor Mining begins drilling in region historically low in uranium

(Alliance News) - Thor Mining PLC said that it has begun drilling at the Wedding Bell and Radium Mountain projects in the Uravan Mineral Belt in south-west Colorado, US.

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26 Sep 2022 12:34

Thor Mining launches drilling programme at Colorado assets

(Sharecast News) - Diversified resource company Thor Mining has commenced drilling at its 100% owned Wedding Bell and Radium Mountain projects, located in the historic uranium-vanadium mining district of southwest Colorado.

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(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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9 Aug 2022 16:50

IN BRIEF: Thor Mining shares jump on Kapunda study funding

Thor Mining PLC - Australia-focused exploration and development company - Says OZ Minerals Ltd agrees to provide AUD2.5 million, around GBP1.4 million, funding support for technical investigations into in situ recovery technology at EnviroCopper Ltd, Kapunda copper-gold ISR project in South Australia. Thor holds a 30% stake in ECL, and the funding will be non-dilutive to its holding. The funds will be used to continue studies into the potential economic extraction of copper resources via ISR, Thor says.

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1 Aug 2022 17:58

IN BRIEF: Thor Mining starts airborne survey over Ragged Range project

Thor Mining PLC - Australia-focused exploration and development company - Commences close spaced airborne survey over the north eastern part of the Ragged Range project in Pilbara, Western Australia.

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28 Jul 2022 20:54

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(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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