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UK EARNINGS SUMMARY: Gama Aviation Interim Loss Widens As Revenue Down

Wed, 30th Sep 2020 21:13

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

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Gama Aviation PLC - Farnborough, Surrey-based aviation service provider - For the first half of 2020, pretax loss widens to USD4.2 million from USD2.0 million the year before, as revenue declines to USD109.2 million from USD121.8 million, as a result of the pandemic's effect on the aviation sector. Looking ahead, third quarter trading to September was stable, in line with management expectations.

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Sensyne Health PLC - clinical artificial intelligence technology company with headquarters in Oxford - For the year to the end of April, pretax loss widened to GBP22.6 million from GBP19.0 million, despite revenue rising sharply to GBP2.1 million from GBP136,000, through pharmaceutical R&D contracts.

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Block Energy PLC - exploration and production in Georgia - For the first half of 2020, pretax loss has remained flat at USD2.7 million, on generation of revenue to USD313,000 through sales of crude oil from its West Rustavi, Norio and Satskhenisi licences. Looking ahead, expects gas sales to start in fourth quarter of 2020 from West Rustavi.

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W Resources PLC - a tungsten, tin and gold mining and exploration company - For the first half of 2020, pretax loss widens to EUR1.7 million from EUR1.0 million on rising operating costs, in spite of revenue nearly rising fivefold to EUR1.0 million from EUR293,000. La Parrilla production comes up to 106.5 tonnes of tungsten concentrate and 64.5 tonnes of tin concentrate.

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M&C Saatchi PLC - London-based advertising firm - For 2019, pretax loss widens to GBP8.6 million from GBP6.3 million, on revenue that grew by 2.4% to GBP256.4 million from GBP250.3 million, on strong growth in the UK and Middle East & Africa more than offsetting a decline in Europe and flat performance in Asia & Australia.

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Tower Resources PLC - Africa-focused oil & gas company - For the first half of 2020, pretax loss narrowed to USD457,687 from USD1.6 million year before on sharply lower costs, despite no revenue being generated. During period, has extended initial period of the exploration phase of the Thali PSC, offshore Cameroon by one year.

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Prairie Mining Ltd - Poland-focused coal development firm - For the year to the end of June, pretax loss narrows to USD3.3 million from USD3.6 million on fall in exploration and evaluation expenses, on revenue that dropped to USD456,726 from USD557,330.

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daVictus PLC - Asia-focused food & beverage sector investor - For the first half of 2020, pretax loss narrowed to GBP116,576 from GBP127,453 the year before, on the generation of GBP3,333 in revenue from a franchisee in Kuala Lumpur, Malaysia.

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Vertu Capital Ltd - acquisition vehicle - For the first half of 2020, pretax loss narrowed to GBP52,536 from GBP65,520 the year before. During period, could not explore any acquisition opportunities due to adverse economic conditions.

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Xtract Resources PLC - miner with projects in Mozambique and Zambia - For the first half of 2020, pretax loss narrows to GBP187,000 from GBP320,000 the year before on lower administrative costs, as revenue from gold sales decline to GBP613,000 from GBP807,000. Total alluvial mining contractor gold production came dropped to 1,033 ounces from 2,138 ounces the prior year.

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European Metals Holdings Ltd - Australian mineral exploration & development company - For the year to the end of June, pretax loss widens to AUD4.6 million from AUD3.0 million the year before on higher costs, despite revenue rising to AUD183,835 from AUD1,461.

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MobilityOne Ltd - e-commerce infrastructure payment solutions and platform provider - For 2019, pretax profit rose sharply to GBP1.1 million from GBP67,491 the ear before, on revenue that grew to GBP169.4 million from GBP125.5 million.

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Secure Property Development & Investment PLC - County Durham, England-based eastern Europe focused property investor - As at December 31, net asset value per share falls by 18% to EUR0.23 from EUR0.28 in 2018. For 2019 as a whole, pretax loss widens to EUR2.3 million from EUR1.7 million the year before, on net operating income that dropped to EUR457.5 million from EUR651.1 million.

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Bezant Resources PLC - copper-gold explorer - For 2019, pretax loss widens to GBP1.1 million from GBP846,000, following a higher impairment charge relating to the Mankayan Copper-Gold project in the Philippines.

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Savannah Resources PLC - energy metals - For first half of 2020, pretax profit swings to USD1.2 million from loss of USD3.0 million, on the generation of USD91.7 million in revenue from gas and liquids sales from Nigerian assets.

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Orient Telecoms PLC - telecommunication services provider - For the year to the end of March, pretax loss narrows to GBP13,915 from GBP212,980 the year before, on revenue that nearly tripled to GBP600,596 from GBP218,822 on high demand for cloud-based services.

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Thor Mining PLC - vanadium and gold miner in US and Australia - For the year to the end of March, pretax loss widens to GBP922,000 from GBP735,000 the year before as expenses rise.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
3 Apr 2024 14:36

Xtract Resources enters joint venture for Zambian copper project

(Alliance News) - Xtract Resources PLC said on Wednesday that it has entered into a joint venture with Oval Mining Ltd who are acting in cooperation with mining consultant Cooperlemon Consultancy Ltd.

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16 Feb 2024 14:33

IN BRIEF: Xtract Resources extends longstop date for Manica sale

Xtract Resources PLC - London-based diversified metals and minerals producer - Says the longstop date for the disposal of its stake in the Manica gold project has been extended by a week to February 23. This is to allow for "completion of certain administrative matters". Xtract in January announced an agreement to sell its 23% net profit share interest in the Mozambique asset to partner MMP for USD15 million.

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16 Feb 2024 10:25

AIM WINNERS & LOSERS: Plexus wins deal; Audioboom hails record month

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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13 Feb 2024 14:11

IN BRIEF: Xtract gets shareholder nod to sell Manica interests

Xtract Resources PLC - London-based diversified metals and minerals producer - Says shareholders have approved the resolution, proposed at a general meeting earlier on Tuesday, to dispose of its entire interest in the Manica gold project in western Mozambique. Company expects disposal to occur shortly. Says that following completion of the sale, it will remain an operating minerals company under AIM rules. It plans to focus on its interests in the Bushranger copper/gold project in New South Wales, Australia, and in the Eureka and Kalengwa early-stage copper exploration projects in northeast Zambia.

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8 Feb 2024 17:43

TRADING UPDATES: Golden Metal eyes garnet, Xtract makes JV progress

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

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8 Feb 2024 13:56

Xtract reports progress at Zambia joint venture

(Sharecast News) - Xtract Resources updated the market on its copper exploration joint venture in Zambia with Cooperlemon Consultancy (CL) on Thursday, alongside its broader copper exploration strategy in the region.

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6 Feb 2024 15:48

UK shareholder meetings calendar - next 7 days

Wednesday 7 February 
Asos PLCAGM
eEnergy Group PLCGM re disposal of Energy Management division
Future PLCAGM
Hipgnosis Songs Fund LtdEGM re payment of fee to prospective bidders
Mosman Oil & Gas LtdEGM re director participation in placing
Premier Miton Group PLCAGM
Thursday 8 February 
Benchmark Holdings PLCAGM
Compass Group PLCAGM
easyJet PLCAGM
Hargreave Hale AIM VCT PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
Friday 9 February 
Kibo Energy PLCEGM re pre-emption rights for share issues
Victrex PLCAGM
Monday 12 February 
Arix Bioscience PLCGM re takeover by RTW Biotech Opportunities Ltd
JPMorgan UK Smaller Companies Investment Trust PLCGM re merger with JPMorgan UK Smaller Companies
Mears Group PLCGM re authority to buy back up to 10% of shares
Tuesday 13 February 
Cellular Goods PLCAGM
Iconic Labs PLCAGM
JPMorgan Indian Investment Trust PLCAGM
Tui AGAGM including London Stock Exchange delisting vote
Xtract Resources PLCGM re sale of Manica gold project to MMP
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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24 Jan 2024 20:16

EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation

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

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24 Jan 2024 14:01

Xtract planning disposal of Manica Gold Project

(Sharecast News) - Xtract Resources announced plans to dispose of the Manica Gold Project on Wednesday, reporting that it had entered into conditional agreements with its Mozambique partner MMP and related parties.

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6 Nov 2023 19:52

Xtract Resources testing shows potential of Bushranger project

Xtract Resources PLC - London-based diversified metals and minerals producer - Announces the successful completion of an updated pit optimisation & financial modelling study to examine the economics of open pit extraction on the Bushranger Porphyry copper-gold project in central New South Wales, Australia. The study recognised that optimisation of the processing plant capacity, capital costs, operating costs and metallurgical recoveries could greatly improve the economic outcomes of mining the deposit.

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6 Nov 2023 19:52

Xtract Resources testing shows potential of Bushranger project

Xtract Resources PLC - London-based diversified metals and minerals producer - Announces the successful completion of an updated pit optimisation & financial modelling study to examine the economics of open pit extraction on the Bushranger Porphyry copper-gold project in central New South Wales, Australia. The study recognised that optimisation of the processing plant capacity, capital costs, operating costs and metallurgical recoveries could greatly improve the economic outcomes of mining the deposit.

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24 Oct 2023 14:40

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

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29 Sep 2023 14:32

EARNINGS: Eight Capital swings to profit; Savannah Energy loss widens

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

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24 Aug 2023 11:56

Xtract Resources shares jump on inking of Zambian licences partnership

(Alliance News) - Xtract Resources PLC on Thursday said it entered into a joint venture agreement with Cooperlemon Consultancy Ltd concerning two large scale copper exploration licences in Zambia.

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24 Aug 2023 09:58

Xtract Resources inks deal on new copper JV in Zambia

(Sharecast News) - AIM-listed Xtract Resources has signed a new joint venture to mine copper in a 107,000-hectare area in Northwest Zambia.

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