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Pin to quick picksVersarien Share News (VRS)

Share Price Information for Versarien (VRS)

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Share Price: 0.1045
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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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28 Apr 2020 16:20

Versarien subsidiary 2-DTech gets grant from Advanced Propulsion Centre

(Sharecast News) - Advanced materials engineering company Versarien announced on Tuesday that its subsidiary, 2-DTech, has been awarded a grant of up to ?104,000 from the Advanced Propulsion Centre (APC).

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Rolls-Royce Partners With Versarien's 2-DTech On Aerospace Engines

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23 Apr 2020 16:20

Versarien subsidiary chosen for Rolls-Royce collaboration

(Sharecast News) - Advanced materials engineering company Versarien announced on Thursday that, following an open innovation call, multinational engineering company Rolls-Royce had chosen to work with the University of Manchester's 'Graphene Engineering Innovation Centre' (GEIC) and its tier 1 partner, Versarien subsidiary 2-DTech.

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25 Mar 2020 14:59

Versarien Inks China Materials Joint Venture Deal With Young-Graphene

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23 Mar 2020 18:24

Versarien Raises GBP6 Million From US Investor Lanstead Capital

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Versarien enters ?6m subscription agreement with Lanstead Capital

(Sharecast News) - Advanced materials engineering company Versarien has entered into a ?6m subscription agreement with Lanstead Capital Investors, a US managed institutional investor, together with a related sharing agreement, it announced on Monday.

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Versarien Unveils New Shareholder Communication Tool

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10 Feb 2020 12:55

Versarien reassures shareholders after share price fall

(Sharecast News) - Advanced materials engineering company Versarien updated the market on the recent reduction in its share price on Monday, saying it was not aware of any material basis for the decline.

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10 Feb 2020 09:22

Versarien Unaware Of Material Reason Behind Share Price Fall

Versarien Unaware Of Material Reason Behind Share Price Fall

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Versarien Makes Progress On Developing US Graphene Operations

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Versarien Joins Graphene Technology Project Run By Airbus

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