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TRADING UPDATES: Staffline revenue rises, Petra Diamonds sees momentum

Tue, 14th Sep 2021 14:44

(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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Staffline Group PLC - Nottingham-based recruitment agency - Revenue in the first half of 2021 increases 4.7% to GBP450.7 million from GBP430.3 million. Pretax loss narrows to GBP800,000 from GBP46.8 million. Continues to benefit from increased client activity in the UK and Ireland. Trading is currently in line with full-year forecasts announced in July. "Whilst we expect to see continued sector-specific labour shortages, we believe Staffline is well placed to capitalise on its position as the clear leader in many markets," Chief Executive Albert Ellis says.

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Petra Diamonds Ltd - London-based diamond miner - Revenue in the financial year ended June 30 rises 65% to USD402.3 million from USD243.4 million the previous year. Adjusted loss before tax narrows to USD8.9 million from USD74.0 million. Production falls to 3.2 million carats from 3.3 million carats. Expects to produce between 3.3 million and 3.6 million carats in financial 2022. Capital expenditure guidance USD78 million 92 million. "We enter FY 2022 with some momentum from a considerably strengthened balance sheet, ongoing optimisation of our asset base and a positive outlook for the diamond market," Chief Executive Richard Duffy says.

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CloudCall Group PLC - Leicester-based customer management software - Revenue rises 10% year-on-year in the first half of 2021, to GBP6.4 million from GBP5.8 million. Pretax loss widens to GBP4.1 million from GBP2.6 million. Remains confident for 2021 and 2022 revenue forecasts, although revenue will be hit by the stronger pound. Expenditure has been carefully controlled, meaning 2021 loss before interest, tax, depreciation and amortisation will be narrower than previously guided.

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Pathfinder Minerals PLC - mineral sands explorer in Mozambique - Pretax loss in first half of 2021 narrows to GBP298,000 from GBP430,000 a year ago. Continues to prepare for legal claim against Mozambique government over the loss of a licence in 2011. "At the same time, we will continue to assess other project opportunities to provide additional avenues for value creation."

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VR Education Holdings PLC - Waterford, Ireland-based virtual reality software - Revenue in the first half of 2021 increases 83% year-on-year to EUR1.2 million from EUR681,152. Pretax loss widens to EUR1.3 million from EUR1.1 million. Reports accelerated demand for the Engage software platform, which now has over 130 commercial customers. Strengthening sales team in the US ahead of the launch of Engage Oasis. Stays on track for medium-term targets announced in January.

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Ocean Outdoor Ltd - outdoor media and billboard advertising operator - Revenue in the first half of 2021 increases 11% year-on-year to GBP40.5 million from GBP36.5 million. Pretax loss narrows to GBP24.8 million from GBP29.5 million. Positive momentum has continued into the second half. Company separately announces it has been appointed media partner of Westfield Copenhagen shopping centre, a seven-year contract worth a total of GBP7 million.

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Tandem Group PLC - Birmingham-based sports equipment - Revenue in the first half of 2021 increases 14% year-on-year to GBP19.3 million from GBP16.9 million. Pretax profit rises 35% to GBP1.9 million from GBP1.4 million. High supply chain costs have continued, but company is "managing these challenges well". "The outlook for the remainder of 2021 remains positive and the board are confident that with revenue to 31 August 14% ahead of the prior year...the group will deliver another strong year." Interim dividend raised to 3.43 pence per share from 3.12p per share last year.

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Corero Network Security PLC - London-based cybersecurity - Revenue in the first half of 2021 increases 34% year-on-year to USD8.3 million from USD6.2 million. Pretax loss narrows to USD1.2 million from USD2.7 million. Remains confident for full-year forecasts, with a promising order pipeline in the second half. Continues to monitor supply chain uncertainty.

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Bonhill Group PLC - London-based media and live events - Revenue in the first half of 2021 falls 13% to GBP6.7 million from GBP7.8 million, reflecting a lack of live events. Pretax loss narrows to GBP2.6 million from GBP11.1 million. Expects 5% revenue growth in 2021 and earnings before interest, tax, depreciation and amortisation of GBP1.2 million. "We are cautiously optimistic about H2 and the important fourth quarter and believe the promising start we have made to the year positions us well for future growth," Chief Executive Simon Stilwell says.

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STM Group PLC - Isle of Man-based pensions and insurance administrator - Revenue in the first half of 2021 falls 3.4% to GBP11.4 million from GBP11.8 million. Pretax profit falls 5.3% to GBP947,000 from GBP1.0 million. Declares interim dividend of 0.60p per share, up from 0.55p per share last year.

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Bluejay Mining PLC - precious and base metals explorer in Greenland and Finland - Pretax loss widens in first half of 2021, to GBP1.4 million from GBP1.2 million, on increased administrative expenses. "We now have two fully financed exploration programmes totalling USD35 million at our Enonkoski and Disko projects. These achievments over the last six months have positioned Bluejay well to capitalise on the next 12 to 18 months as we transition into a revenue generator once Dundas is operational," company says.

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British Honey Co PLC - Buckinghamshire-based spirits and honey maker - Revenue in the first half of 2021 triples year-on-year to GBP3.0 million from GBP1.0 million. Pretax loss widens to GBP1.4 million from GBP992,953. The figures include four months' earnings from Union Distillers Ltd, which was acquired in the period. "As the hospitality and leisure sectors are emerging from lockdown restrictions...BHC is very well placed to take full advantage of the opportunities presented by the significant shift in consumer purchasing and lifestyle habits," Chief Executive Michael Williams says.

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Standard Life Investments Property Income Trust Ltd - commercial property investor - Net asset value per share increases 7.7% to 88.3p on June 30 from 82.0p on December 31. Swings to pretax profit of GBP30.0 million in the first half of 2021, from a loss of GBP30.4 million year-on-year. Expects industrial property to perform well in the next three years, while offices and retail face falling rents and rising income risk.

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By Ivan Edwards; ivanedwards@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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