Thor Energy Share News (THR)

(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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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - In the year ended March 31, swings to a pretax profit before adjusting items of USD767,000 from a loss of GBP1.3 million the previous year. Revenue before adjusting items jumps to GBP32 million from GBP21.3 million. Notes strong post-pandemic recovery, with high activity levels across its Industrial Laser systems businesses, with its Laser division seeing revenue growth of 50%. Sees "heightened demand" in financial 2023 and looks to the future "with confidence."

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Thor Mining PLC - Australia-focused exploration and development company - Narrows pretax loss to GBP1.3 million in the year ended June 30, from GBP2.1 million the previous year. The previous year, Thor recorded a GBP1.5 million impairment on its exploration assets, unlike this year. On June 30, assets total GBP14.9 million, up from GBP12.6 million at the same time a year prior. Adds Covid-19 continues to disrupt its supply chains and services.

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Xtract Resources PLC - Australia, Mozambique and Zambia-focused gold producer, exploration and development company - In the six months ended June 30, reports a significantly narrowed pretax loss of GBP28,000 from a loss of GBP2.2 million the previous year. This comes as administration & operating expenses fall to GBP1.3 million from GBP2.2 million the previous year, and revenue from gold sales jumps to GBP970,000 from GBP160,000. Net assets at June 30 rises to GBP21.3 million from GBP20.7 million at the same time a year prior.

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By Heather Rydings; heatherrydings@alliancenews.com

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