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Pin to quick picksUpland Resource Share News (UPL)

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UK EARNINGS SUMMARY: Dev Clever loss unchanged despite revenue rise

Mon, 29th Mar 2021 11:47

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

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Dev Clever Holdings PLC - career guidance and development platform - Posts pretax loss of GBP1.1 million in 2020, flat with the prior year. Says the loss reflects the group's ongoing investment in the productisation of its software platforms, the strengthening of its executive and senior management teams, and the establishing of a dedicated marketing function. Administrative expenses increase to GBP1.6 million from GBP999,660. Revenue jumps to GBP1.3 million, from GBP480,585, thanks to the establishment of sales channels for its core "Educate" platforms. Says "dividends to the company's shareholders are recognised when the dividends are approved for payment". Says the business' overall momentum continues to keep accelerating and management remains highly confident that with a strong product, partner and capital line up combined with "a very focused implementation and delivery program", the business can expand its market share.

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Brighton Pier Group PLC - operator of Brighton Pier - Posts pretax profit for half-year ended December 27 of GBP2.7 million, rising 50% from GBP1.8 million a year prior. Says this was due to the income from business interruption insurance, summer trading, government support by way of furlough, grants, rates and VAT reductions. Operating expenses decrease to GBP7.2 million from GBP12.1 million a year before. Revenue falls to GBP8.2 million from GBP17.3 million in 2019. Says in the short to medium term, the key aim for the business is to focus on reopening as soon as the Group is able, in accordance with the recently announced roadmap, and to return all three divisions to pre-Covid-19 levels of trade. Planning for this is already well advanced.

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RM Secured Direct Lending PLC - closed-ended investment trust - Posts net asset value per share at December 31 of 93.25 pence, down 4.6% from 97.79p a year prior. Declares a 6.5 pence per share dividend for the full year, down from 7.025p a year prior. "The board is pleased to report a resilient year for RMDL amid an unprecedented market environment. This has been demonstrated through our portfolio which has continued to diversify and grow," says Chair Norman Crighton, adding that the company has entered into 2021 in a "strong position". Says it "has every confidence in the long-term future" of the company. Secures new funding to pay GBP12.1 million final capital entitlement for RM ZDP PLC shares, which will come to end of 3-year life on April 6.

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Eleco PLC - London-based construction software developer - Posts pretax profit of GBP3.9 million for 2020, rising 11% from GBP3.5 million a year prior. Other selling & administrative expenses fall to GBP16.7 million from GBP17.4 million. Revenue decreases 0.8% to GBP25.2 million from GBP25.4 million. Proposes final dividend of 0.40 pence per share. Says the start to trading this year has been strong and is confident that the business "will begin to bear the fruit of its new refined vision and strategy over the next 12 months".

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VietNam Holding Ltd - investment firm focussed on high-growth companies in Vietnam - Posts net investment income of USD42.2 million in the first half ended December 31, soaring from USD4.4 million a year prior. Says its overweight position in steel & steel pipe firm HPG was the leading contributor to its results. Basic and diluted earnings per share rises to USD0.83 from USD0.05 a year before. Total assets increases 18% to USD138.5 million on December 31 from USD117.7 million at June 30. Says although the global risks due to Covid-19 still linger, despite the positive news on vaccines, we could not feel more positive about Vietnam moving into 2021.

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Upland Resources Ltd - oil & gas company with operations in Tunisia and south east Asia - Posts pretax loss of GBP367,687 for the six months to December 31, narrowing 29% from GBP516,552 a year prior. Administrative costs fell to GBP367,687 from GBP512,630 the year before. Says the principal reasons for the decreased costs are reduced overhead expenditure and lower costs due to the constraints on activity as a result of coronavirus pandemic restrictions. Says it plans to grow through the identification and closure of significant new business opportunities which should facilitate access to additional finance. Says there is uncertainty on its ability to continue as a going concern as there is no guarantee that additional finance will be found.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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

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

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Upland Resources takeover talks go nowhere, shares slide

(Sharecast News) - Shares in oil and gas investment firm Upland Resources tanked on Monday after it said that a potential takeover bid had turned out not to be "bona fide".

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30 Oct 2023 10:33

Upland Resources shares slump as potential takeover bid falls flat

(Alliance News) - Upland Resources Ltd shares plummeted on Monday, after it announced that sales talks regarding a takeover offer have fallen through.

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Upland Resources surges as rejects "very preliminary" takeover offer

(Alliance News) - Upland Resources shares soared on Monday, after it announced that it had rejected a takeover offer that it said "significantly undervalues" its potential.

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Upland Resources rejects 'very preliminary' bid approach at 14p a share

(Sharecast News) - Shares of Upland Resources rocketed on Monday after the oil and gas company confirmed it had received and rejected an unsolicited, "very preliminary" approach about a possible takeover offer at 14p a share from SEC Capital.

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23 Oct 2023 07:46

LONDON BRIEFING: Keller expects higher profit; Upland rejects approach

(Alliance News) - Stocks in London are set to open slightly higher on Monday, as risk sentiment improves after a difficult period for markets last week.

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20 Oct 2023 09:57

IN BRIEF: Upland Resources says contract work ongoing in "busy" month

Upland Resources Ltd - London-based oil and gas company with assets in Malaysia, Tunisia and the UK North Sea - Expects in early November to complete drafting of a joint technical study technical report, for the production sharing contract regarding onshore Block SK334 in Sarawak, Malaysia. Draft will be sent for review by its state-owned partner Petroleum Sarawak Berhard or Petros. Evaluation of potential drilling targets is ongoing. Upland notes that its proposal for the SK334 PSC was submitted and "received positively" by Petros on September 20.

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IN BRIEF: Upland Resources raises GBP450,000; signs letter of intent

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