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Pin to quick picksTower Resources Share News (TRP)

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UK EARNINGS SUMMARY: Gama Aviation Interim Loss Widens As Revenue Down

Wed, 30th Sep 2020 21:13

(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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Gama Aviation PLC - Farnborough, Surrey-based aviation service provider - For the first half of 2020, pretax loss widens to USD4.2 million from USD2.0 million the year before, as revenue declines to USD109.2 million from USD121.8 million, as a result of the pandemic's effect on the aviation sector. Looking ahead, third quarter trading to September was stable, in line with management expectations.

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Sensyne Health PLC - clinical artificial intelligence technology company with headquarters in Oxford - For the year to the end of April, pretax loss widened to GBP22.6 million from GBP19.0 million, despite revenue rising sharply to GBP2.1 million from GBP136,000, through pharmaceutical R&D contracts.

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Block Energy PLC - exploration and production in Georgia - For the first half of 2020, pretax loss has remained flat at USD2.7 million, on generation of revenue to USD313,000 through sales of crude oil from its West Rustavi, Norio and Satskhenisi licences. Looking ahead, expects gas sales to start in fourth quarter of 2020 from West Rustavi.

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W Resources PLC - a tungsten, tin and gold mining and exploration company - For the first half of 2020, pretax loss widens to EUR1.7 million from EUR1.0 million on rising operating costs, in spite of revenue nearly rising fivefold to EUR1.0 million from EUR293,000. La Parrilla production comes up to 106.5 tonnes of tungsten concentrate and 64.5 tonnes of tin concentrate.

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M&C Saatchi PLC - London-based advertising firm - For 2019, pretax loss widens to GBP8.6 million from GBP6.3 million, on revenue that grew by 2.4% to GBP256.4 million from GBP250.3 million, on strong growth in the UK and Middle East & Africa more than offsetting a decline in Europe and flat performance in Asia & Australia.

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Tower Resources PLC - Africa-focused oil & gas company - For the first half of 2020, pretax loss narrowed to USD457,687 from USD1.6 million year before on sharply lower costs, despite no revenue being generated. During period, has extended initial period of the exploration phase of the Thali PSC, offshore Cameroon by one year.

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Prairie Mining Ltd - Poland-focused coal development firm - For the year to the end of June, pretax loss narrows to USD3.3 million from USD3.6 million on fall in exploration and evaluation expenses, on revenue that dropped to USD456,726 from USD557,330.

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daVictus PLC - Asia-focused food & beverage sector investor - For the first half of 2020, pretax loss narrowed to GBP116,576 from GBP127,453 the year before, on the generation of GBP3,333 in revenue from a franchisee in Kuala Lumpur, Malaysia.

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Vertu Capital Ltd - acquisition vehicle - For the first half of 2020, pretax loss narrowed to GBP52,536 from GBP65,520 the year before. During period, could not explore any acquisition opportunities due to adverse economic conditions.

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Xtract Resources PLC - miner with projects in Mozambique and Zambia - For the first half of 2020, pretax loss narrows to GBP187,000 from GBP320,000 the year before on lower administrative costs, as revenue from gold sales decline to GBP613,000 from GBP807,000. Total alluvial mining contractor gold production came dropped to 1,033 ounces from 2,138 ounces the prior year.

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European Metals Holdings Ltd - Australian mineral exploration & development company - For the year to the end of June, pretax loss widens to AUD4.6 million from AUD3.0 million the year before on higher costs, despite revenue rising to AUD183,835 from AUD1,461.

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MobilityOne Ltd - e-commerce infrastructure payment solutions and platform provider - For 2019, pretax profit rose sharply to GBP1.1 million from GBP67,491 the ear before, on revenue that grew to GBP169.4 million from GBP125.5 million.

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Secure Property Development & Investment PLC - County Durham, England-based eastern Europe focused property investor - As at December 31, net asset value per share falls by 18% to EUR0.23 from EUR0.28 in 2018. For 2019 as a whole, pretax loss widens to EUR2.3 million from EUR1.7 million the year before, on net operating income that dropped to EUR457.5 million from EUR651.1 million.

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Bezant Resources PLC - copper-gold explorer - For 2019, pretax loss widens to GBP1.1 million from GBP846,000, following a higher impairment charge relating to the Mankayan Copper-Gold project in the Philippines.

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Savannah Resources PLC - energy metals - For first half of 2020, pretax profit swings to USD1.2 million from loss of USD3.0 million, on the generation of USD91.7 million in revenue from gas and liquids sales from Nigerian assets.

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Orient Telecoms PLC - telecommunication services provider - For the year to the end of March, pretax loss narrows to GBP13,915 from GBP212,980 the year before, on revenue that nearly tripled to GBP600,596 from GBP218,822 on high demand for cloud-based services.

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Thor Mining PLC - vanadium and gold miner in US and Australia - For the year to the end of March, pretax loss widens to GBP922,000 from GBP735,000 the year before as expenses rise.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
8 May 2019 13:49

Tower Resources flags slight delay to drilling on NJOM3

(Sharecast News) - Africa-focussed oil and gas company Tower Resources updated the market on operations on the Thali block in Cameroon on Wednesday, reiterating that it was in the final stages of planning the NJOM3 well, which would be drilled to a total depth of 1,100 metres.

Read more
8 May 2019 10:58

Tower Resources Forced To Delay Cameroon Work After Further Data

LONDON (Alliance News) - Tower Resources PLC is to delay work at the Thali block in Cameroon after getting further data from two other wells, it said Wednesday.Tower had been planning to to

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3 May 2019 18:33

Tower Resources Assigns Half Of Bridging Loan To Joint Broker Clients

LONDON (Alliance News) - Tower Resources PLC on Friday said Pegasus Petroleum Ltd has agreed to assign 50% of a bridging loan to clients of its joint broker.Pegasus Petroleum is owned by to

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16 Apr 2019 12:54

Tower Resources Gets Bridging Loan While Seeking Cameroon Financing

LONDON (Alliance News) - Tower Resources PLC on Tuesday said it has agreed a USD750,000 bridging loan with a single lender as it works to secure funding for its Thali offshore oil project in in at

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8 Feb 2019 10:35

WINNERS & LOSERS SUMMARY: Earthport Up In Visa-Mastercard Bidding War

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - down 2.4%. Citigroup has reduced its rating -

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8 Feb 2019 08:51

Tower Resources Optimistic As Total Finds Gas Next Door

LONDON (Alliance News) - Tower Resources PLC on Friday noted the discovery by Total SA of "significant gas condensate" at the Brulpadda exploration well in South Africa.The well a

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24 Jan 2019 10:38

WINNERS & LOSERS SUMMARY: St James's Place Gains After Resilient 2018

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------St up The

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24 Jan 2019 09:48

Tower Resources Raises GBP1.7 Million Via Share Placing (ALLISS)

LONDON (Alliance News) - Tower Resources PLC on Thursday raised GBP1.7 million via issue of 170.0 million shares at 1 pence each.Shares in the company were trading down 24% at 0.91p oil gas

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7 Dec 2018 14:22

Tower Resources Signs Contract For Thali Licence Drill Rig In Cameroon

LONDON (Alliance News) - Tower Resources PLC said Friday it has signed a contract for a jack-up rig needed to begin drill operations at its Thali licence, offshore Cameroon.The contract was

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7 Dec 2018 08:43

Tower Resources signs contract for jack-up rig in Cameroon

(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced on Friday that its wholly-owned subsidiary, Tower Resources Cameroon, has signed a contract with Vantage Drilling International for the Topaz Driller jack-up rig to provide drilling operations for the NJOM-3 well.

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7 Nov 2018 12:13

Tower Resources Signs New Petroleum Agreement With Namibian Government

LONDON (Alliance News) - Tower Resources PLC said Wednesday that unit Tower Resources (Namibia) Ltd has signed a new petroleum deal with the government of Namibia.The agreement covers an in

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1 Nov 2018 09:18

Tower Resources moving forward after Thali reserves report

(Sharecast News) - Africa-focussed oil and gas company Tower Resources announced the results of an independent reserves report on Thursday, across its Thali licence, offshore Cameroon, in which it held a 100% licence interest.

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23 Oct 2018 12:55

David And Monique Newlands Build 5% Stake In Evgen Pharma (ALLISS)

LONDON (Alliance News) - Evgen Pharma PLC said Tuesday that David and Monique Newlands now own 5.06% stake in the company.The Newlands' holding before the transaction, if any, was not

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28 Sep 2018 13:59

Tower Resources Interim Loss Widens On Exploration Asset Impairment

LONDON (Alliance News) - Tower Resources PLC on Friday reported a significantly wider interim loss on increased impairments during the half.In the six months ended June, the oil and gas to

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21 Sep 2018 11:43

Tower Resources Unit Seeks Partner For Algoa-Gamtoos Licence

LONDON (Alliance News) - Tower Resources PLC said Friday that New Age Energy Algoa Ltd, the operator of the Algoa-Gamtoos licence in South Africa, is seeking a partner for a share of the licence a

Read more

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