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Vialogy losses widen, on track for year

Mon, 31st Dec 2012 07:25

ViaLogy, a service provider to global oil and gas exploration and production companies, said half year pre-tax losses widened while revenue more than doubled.The group, which reported a £2.98m loss for the six months ended September 30th 2012, said the figure included a non-cash loss of £1.6m for amortisation and depreciation. A loss of £2.63m was reported the year earlier. The company posted a loss per share of 0.316p compared to a loss of 0.330p before.Revenue surged to £84,691 during the period compared to £40,915 the same time a year earlier.Looking ahead ViaLogy said it expects full year earnings to be in line with market expectations.The group explained that most of the income from its three main contracts will be included in its full year account."At that time we expect to announce financial results consistent with our three year business plan and in line with market expectations," it said in a company statement.Cash and equivalents stood at £1.15m compared to £455,627 before. CJ
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13 Jun 2014 15:11

ViaLogy revenue falls, proposes acquisition of health group

Hydrocarbon technology developer ViaLogy saw its shares dive on Friday after the group posted significantly reduced annual revenue and unveiled proposals to acquire biotechnology group Premaitha Health. In the year ended March 31st, turnover fell to £62.1m from £257.7m, although the impairment of g

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13 Jun 2014 11:29

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13 Jun 2014 10:35

UK WINNERS & LOSERS: Oil And Gas Stocks Rise Alongside Iraq Tensions

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FTSE 100 - WINNERS
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Tullow Oil, up 1.9%, Royal Dutch Shell, up 0.5% BG Gr

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13 Jun 2014 08:16

ViaLogy Buys Molecular Diagnostic Company, But Struggles To Sell Energy Unit

LONDON (Alliance News) - ViaLogy PLC Friday became a molecular diagnostic company after buying Premaitha for GBP10.5 million, although it had to write down the value of the energy services business it is trying to offload because it is taking longer than it hoped to find a "suitable" partner for

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15 Apr 2014 11:39

ViaLogy In Talks For Possible Reverse Takeover Deal; Shares Temporarily Suspended

LONDON (Alliance News) - ViaLogy PLC Tuesday said that it is in discussion regarding a possible reverse takeover deal, and as a result its shares have been temporarily suspended. ViaLogy said that it requested that its shares are temporarily suspended from AIM, with immediate effect, pendin

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21 Mar 2014 09:00

ViaLogy CEO Robert Dean Resigns With Immediate Effect; Reynolds To Be Interim CEO

LONDON (Alliance News) - ViaLogy PLC Friday said that Chief Executive Robert Dean has resigned with immediate effect. The company which is engaged in developing applications for its Quantum Resonance Interferometry technology, said that Adam Reynolds will take on the role as interim chief e

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24 Jan 2014 15:53

Vialogy Meets Funding Target After Oversubscribed Open Offer

LONDON (Alliance News) - ViaLogy PLC said Friday that it had raised GBP519,820 in an oversubscribed open offer, meaning it met its target of raising GBP1.6 million through a placing and open offer and can press ahead with its restructuring and strategy. The technology company said that it h

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7 Jan 2014 09:55

STOCKS NEWS EUROPE-UK small caps rise in line with blue chips

The FTSE small cap index, which hit a record high earlier this week, is up by 0.1 percent in early session trading, broadly in line with a 0.2 percent advance on the blue-chip FTSE 100 index. The FTSE 250 mid-cap index is down by 0.2 percent, as is the small-cap FTSE AIM All Share Index.Read more

2 Dec 2013 14:35

Vialogy to raise cash in share issue, Chairman quits

Oil services company Vialogy unveiled plans for a re-financing and new equity issue as it posted lower half-year losses, hitting its shares. Vialogy, which provides geophysical imaging and mapping services to oil majors, said it was planning to re-capitalise itself to underpin a technical and comme

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29 Oct 2013 10:42

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30 Sep 2013 11:31

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