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Pin to quick picksWoodbois Share News (WBI)

Share Price Information for Woodbois (WBI)

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EARNINGS: Rockfire interim loss widens due to increased expenses

Fri, 29th Sep 2023 12:21

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

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Galileo Resources PLC - mining company focused on Zambia, Zimbabwe, Botswana, South Africa and the US - Pretax profit increases 14% to GBP1.6 million in its financial year ended March 31, from GBP1.4 million the year prior. Says operating expenses rise to GBP1.3 million, from GBP753,321. Chair Colin Bird says: "I look forward to the coming year, realising one of our projects, any one of which could be transformational for the company and its shareholder."

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Rockfire Resources PLC - Australia and Greece-focused base metal, gold, and critical mineral exploration company - Pretax loss widens to GBP411,145 in the first half of 2023, from GBP302,582 the year prior. Says loss is due to expenses from subsidiary Hellenic Minerals SA. Says interest income was GBP1.00, up from no income. Adds that it is targeting the acquisition of Emirates Gold DMCC and Emperesse Bullion LLC. Says these acquisitions will be "potentially transformational".

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Essentially Group PLC - UAE-based health food company - Posts a 14% revenue increase to GBP593,164 in the first half of 2023, from GBP519,311 the year prior. Says pretax loss widens to GBP400,175, from GBP176,808 a year ago. Adds that retail footprint grew 53% during the first half, with benefit of expansion to "materialise in the coming months". Notes that it listed on Aquis in March.

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Woodbois Ltd - Africa-focused forestry, timber trading and afforestation company - Says revenue decreased 57% to USD4.9 million in the first half of 2023, from USD11.3 million a year ago. Adds that pretax loss was USD3.4 million, widening from USD489,000 the year before. Notes unseasonal weather in the first quarter affected operations, as did a military coup in Gabon in the third quarter. Says it is "optimistic" that the fourth quarter onwards will see an upturn in activity, and aims to deliver positive earnings before interest, tax, depreciation and amortisation and profitability in 2024. Chief Executive David Rothschild says: "2023 has been a very difficult year for the company thus far, but having weathered some pretty severe challenges and having re-built the company's balance sheet, we now are rebuilding production, performance and profitability across the company's divisions."

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Bluejay Mining PLC - Greenland and Finland-focused miner - Says it swung to pretax loss of GBP659,135 in the first half of 2023, from profit of GBP524,724 a year ago. Adds that cost of sales rose to GBP32,033, from nothing a year ago. Notes that it raised GBP600,000 after the period's end, which it says will set it up for a "transformational 2024" by enabling it to develop it projects. Says it will continue to explore and develop its projects, and is aiming to increase their value. Adds that it is still "extremely well positioned" to deliver on its strategy. Does not declare a dividend for the first half, unchanged from a year ago.

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By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Mar 2024 11:46

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8 Feb 2024 12:24

IN BRIEF: Woodbois gets cash to ramp up output as aims for 2024 profit

Woodbois Ltd - Guernsey-based maker of sustainable timber products - Agrees two injections of fresh funds, which it will use to step-up production in Gabon in a drive to profitability this year. Woodbois signs the term sheet for a USD5 million trade finance facility that it first announced late in December. The amount is higher than the USD3.5 million originally announced. Woodbois says the trade facility will be used to start a second shift at the Mouila sawmill in Gabon and to increase veneer production.

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5 Jan 2024 14:05

Woodbois CEO steps down as firm restructures its reporting

(Sharecast News) - Timber specialist Woodbois announced a significant leadership transition on Friday, as well as a fundamental restructuring initiative, in a bid to enhance operational efficiency.

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Woodbois CEO resigns as it integrates chief executive and chair roles

(Alliance News) - Woodbois Ltd on Friday said its chief executive officer has resigned immediately, as it integrates the roles of CEO and chair.

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29 Dec 2023 15:58

Woodbois optimistic for 2024 after appointing Guido Theuns as chair

(Alliance News) - Woodbois Ltd on Friday said it had appointed a new chair amid efforts to reposition itself "as an attractive investment".

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22 Dec 2023 15:50

UK shareholder meetings calendar - next 7 days

Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
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Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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30 Aug 2023 15:57

Europe's Gabon-exposed stocks slide after military coup

MILAN, Aug 30 (Reuters) - Shares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday after a military coup raised concerns over their operations in the resource-rich African country.

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30 Aug 2023 15:56

Europe's Gabon-exposed stocks slide after military coup

MILAN, Aug 30 (Reuters) - Shares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday after a military coup raised concerns over their operations in the resource-rich African country.

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30 Aug 2023 11:53

LONDON MARKET MIDDAY: FTSE 100 outperforms European peers

(Alliance News) - The FTSE 100 was outperforming its European peers around midday on Wednesday, amid news that eurozone economic sentiment deteriorated in August.

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30 Aug 2023 10:19

Woodbois shares drop amid reports of military coup in Gabon

(Alliance News) - Woodbois Ltd on Wednesday noted the movement in its share price as the stock suddenly plunged after a military coup was declared in Gabon.

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30 Aug 2023 09:54

AIM WINNERS & LOSERS: Instem soars on GBP200 million takeover

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Woodbois shares jump on new finance package; CEO to step down

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