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Pin to quick picksVersarien Share News (VRS)

Share Price Information for Versarien (VRS)

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Share Price: 0.098
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EARNINGS: Caledonian swings to loss; Altona Rare Earth loss widens

Thu, 28th Mar 2024 15:48

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

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Team PLC - wealth, asset management and complementary financial services group - Revenue in the year ended September 30 rises to GBP5.3 million from GBP2.1 million a year earlier. Pretax loss narrows to GBP443,000 from GBP1.6 million. Chair Mark Clubb says: "This has been another active period for Team. We are picking up the pace and the shape of the business is emerging with Jersey as the central fund management engine operating out of a highly regulated jurisdiction with a strong international reputation for fiduciary responsibility. Alongside this in Jersey, our financial planning advisory hub is combining well and is positioned to deliver dependable organic growth going forward."

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Versarien PLC - Cheltenham, England-based engineering technology company - Revenue in year ended September 30 falls to GBP5.5 million from GBP11.1 million a year earlier. Pretax loss narrows to GBP14.3 million from GBP8.3 million. Looking ahead, says its pipeline of opportunities "continues to strengthen." Chief Executive Steve Hodge says: "The period was a challenging one for Versarien, but I believe the restructuring and other actions we have undertaken have resulted in a more efficient business, which maintains the skilled people and technology to enable commercial success. It is encouraging to report that our pipeline of potential income opportunities is growing , albeit development opportunities are still the largest part, but we are beginning to see signs of more commercial interest, including licensing."

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Altona Rare Earth PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Publishes results for six months ended December 31. Operating loss widens to GBP616,000 from GBP387,000. Pretax loss widens to GBP690,000 from GBP412,000. CEO Cedric Simonet says: "2024 will also be a year of transformation for Altona, as we are currently expanding and diversifying its portfolio, with a focus on projects having a low-entry cost with a clear pathway to early results and to majority ownership. The acquisition of the exciting Kabompo South copper project in Zambia marks a first step in this direction."

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TomCo Energy PLC - oil development group operating in the US - Reports results for year ended September 30. Posts no revenue, unchanged annually. Pretax loss widens to GBP2.3 million from GBP690,000. Looking ahead, TomCo says 2024 is set to be a "defining year" for the company.

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Caledonian Trust PLC - Edinburgh-based property company - Revenue in the six months ended December 31 falls to GBP833,000 from a GBP2.2 million a year earlier. Swings to pretax loss of GBP415,000 from a profit of GBP353,000.

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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4 Oct 2018 08:54

Versarien Hires Representative In South Korea To Expand Graphene Unit

LONDON (Alliance News) - Versarien PLC on Thursday said it appointed Rachel Yeong-Mee Kim as its local representative in South Korea.Yeong-Mee Kim has a background in research, journalism a

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25 Sep 2018 13:29

Versarien Snaps Up Holding In Spanish Firm Gnanomat For GBP2.6 Million

LONDON (Alliance News) - Versarien PLC on Tuesday said it is to acquire a 62% stake in Spanish firm Gnanomat SL for GBP2.6 million.Madrid-based Gnanomat, the firm said, can use graphene in

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24 Sep 2018 11:52

Versarien Encouraged After Strong Response To Open Offer (ALLISS)

LONDON (Alliance News) - Advanced materials firm Versarien PLC on Monday said its open offer, in which it raised GBP5.2 million, had a "very strong" response from announced the offer on

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21 Sep 2018 17:50

Versarien To Raise GBP3 Million To Fund Stake Buy In Spanish Firm (ALLISS)

LONDON (Alliance News) - Versarien PLC, a engineering materials group, said that it will raise up to GBP2.9 million via issue and allotment of 2 million new ordinary shares at 145 pence per share,

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18 Sep 2018 16:18

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29 Aug 2018 12:31

Versarien To Promote UK Government's "Exporting Is GREAT" Campaign

LONDON (Alliance News) - Advanced materials engineering group Versarien PLC said Wednesday it partnered with the UK department for International Trade to promote a campaign encouraging UK to sell

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24 Aug 2018 09:29

Versarien to collaborate with AECOM on construction materials project

(Sharecast News) - Engineering group Versarien said it had agreed a construction materials collaboration with infrastructure firm AECOM.

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20 Aug 2018 09:30

Versarien inks collaboration agreement with South Korean materials firm

(Sharecast News) - Versarien has entered into a collaboration agreement with material solutions firm AXIA Materials to develop graphene-enhanced composite materials and smart devices using its nanoplatelets and graphene inks.

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15 Aug 2018 11:03

Versarien Hires Another UK Government Executive For China Expansion

LONDON (Alliance News) - Graphene products manufacturer Versarien PLC said Wednesday it has hired a senior UK government employee to oversee the company's planned expansion into Jay, head of a

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15 Aug 2018 09:20

Versarien's China expansion boosted by further govt employee secondment

(Sharecast News) - Advanced materials engineering group Versarien on Wednesday saw a second Department for International Trade (DIT) secondee join its ranks.

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2 Aug 2018 14:18

Versarien signs collaboration with 'prominent' sporting goods brand

(Sharecast News) - Advanced materials engineering group Versarien has signed a collaboration with an unnamed "prominent" global sports and fashion goods manufacturer, it announced on Thursday.

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19 Jul 2018 12:06

Versarien Outlook Optimistic As Annual Loss Narrows On Higher Revenue

LONDON (Alliance News) - Versarien PLC on Thursday reported a narrowed loss in its financial year 2018 as revenue grew on progress made across the company's core divisions.The materials

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2 Jul 2018 11:19

Versarien Makes "Significant Advancement" In Battery Storage Devices

LONDON (Alliance News) - Advanced materials engineering group Versarien PLC said Monday it made "significant advances" through its collaboration with Warwick Manufacturing Group to its a

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12 Jun 2018 13:07

DIRECTOR DEALINGS: Versarien Chief Executive Sells 403,720 Shares

LONDON (Alliance News) - Versarien PLC said Tuesday that Chief Executive Officer Neill Ricketts sold 403,720 shares in the company.Ricketts sold the shares at 121 pence each for an value of

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30 Apr 2018 12:18

Versarien To Develop Graphene-Enhanced Plastics With Luxus

LONDON (Alliance News) - Graphene maker Versarien PLC said Monday it signed a deal to develop a polymer UK supply chain to produce graphene-enhanced plastics with Luxus Ltd.Versarien signed

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