(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
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Team (TEAM)
Versarien (VRS)
Altona Rare Earths (REE)
Tomco Energy (TOM)
Caledonian Tst. (CNN)