(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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K3 Capital Group PLC - Bolton, England-based professional advisory services firm - For the year ended May 31, pretax profit rises 19% to GBP7.6 million from GBP6.4 million the year before, on revenue which more than triples to GBP47.2 million from GBP15.0 million, through new acquisitions and the establishment of new service lines. Recommends final dividend of 6.1 pence per share, bringing total payout to 9.1p, up 23% from 7.4p the prior year. Looking ahead, is confident in the outlook for the current financial year due to robust pipelines as growth is set to continue across all group divisions.
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Lok'nStore Group PLC - Farnborough, England-based provider of self storage space - For the year ended July 31, pretax profit rises 36% to GBP6.4 million from GBP4.7 million the year before, on revenue which grew 22% year-on-year to GBP21.9 million from GBP18.0 million. As at January 31, total assets increases 30% to GBP280.3 million from GBP216.3 million, while adjusted net asset value per share rises 32% to 731 pence from 556p. Operationally, occupancy increases to 85.8% from 69.6%, and Lok'nStore has 37 stores trading at the end of the year. Declares final dividend of 10.67 pence per share, bringing total payout to 15p, up 15% from 13p the prior year.
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Dunedin Enterprise Investment Trust PLC - investor in UK mid-market management buyouts - As at September 30, net asset value stands at 546.2 pence, up 10% over the third quarter from 496.5p at June 30. Based on valuations, unlisted investments are valued at GBP59.6 million, with cash balance of GBP41.2 million.
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International Biotechnology Trust PLC - investment trust run by SV Health Managers LLP - As at August 31, net asset value per share stands at 782.4 pence, up 5.9% from 738.6p the same date the year before. NAV per share total return for the 12-month period is 9.8%, outperforming the NASDAQ Biotechnology Index which returned 3.8%. Total portfolio increases to 82 companies, up from 69 the prior year.
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Inland Homes PLC - Beaconsfield, England-based housebuilder - For the year ended September 30, expects to report revenue of GBP195 million, a record figure and up 57% from GBP124 million the year before, driven by strong demand from the housebuilding division, and solid performances from land and asset management. Record 216 private home completions at an average selling price of GBP262,000, up from 96 homes at a price of GBP240,000. Looking ahead, company is continuing work to reduce net gearing, and will resume dividend payouts once the reduction is achieved. As at September 30, net debt falls to GBP118.0 million from GBP148.2 million.
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Ridgecrest PLC - cash shell - For the year ended March 31, swings to profit of GBP37,000 from loss of GBP114,000 the year before, in spite of revenue falling to GBP4.6 million from GBP9.7 million. In October, Ridgecrest had terminated negotiations on the proposed reverse takeover of Blue Air, due to Blue Air being unable to raise the pre-RTO funding, and will look to pursue an alternative transaction.
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Victoria Oil & Gas PLC - London-based domestic energy supplier in Africa - For the first half of 2021, pretax loss narrows to USD2.2 million from USD3.6 million a year prior, even as revenue drops 44% year-on-year to GBP7.1 million from GBP12.6 million, due to the prior year including USD5.9 million related to the ENEO settlement. From the Logbaba project in Cameroon, attributable condensate sales increases 83% to 5,110 barrels from 2,788 barrels a year before. In addition, for the three months ended September 30, gross condensate sales comes up to 3,800 barrels.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
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