(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Helios Underwriting PLC - London-based investment vehicle which acquires and consolidates underwriting capacity at Lloyd's - Gross written premiums more than double in the first half of 2022 to GBP124.1 million from GBP53.4 million a year before. Says this reflects an increase in the capacity portfolio. Revenue jumps to GBP55.3 million versus GBP27.4 million. Pretax loss widens to GBP3.4 million from GBP480,000, as administrative expenses surge to GBP24.0 million from GBP11.4 million. Combined ratio stands at 94.5% versus 93.5%.
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Africa Opportunity Fund Ltd - investment firm - Net asset value as at June 30 stands at USD1.00, down from USD1.05 as at December 31. Generates a total return of negative 4.7%. Blames this on sharp market declines to due "the Russian invasion of Ukraine, rising global inflation, an appreciating US dollar, and the spate of China Covid-19 lockdowns".
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APQ Global Ltd - Guernsey-based emerging markets investor - Pretax loss in the first half widens to USD11.1 million from USD4.7 million a year ago. Net loss on financial assets at fair value jumps to USD16.7 million from USD4.1 million. Turnover rises to USD5.5 million from USD3.2 million. Declares no dividend, unchanged from a year before.
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Pires Investments PLC - London-based technology-focused investor - Pretax loss in the six months to June 30 widens to GBP992,000 from GBP1.5 million a year ago. Gains on investments held at fair value falls to GBP1.4 million from GBP1.8 million. Operating expenses jump to GBP430,00 from GBP270,000. Records no revenue, unchanged from a year before.
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Real Estate Investors PLC - Midlands, UK-focused real estate investment trust - Pretax profit in the first half of 2022 slips to GBP8.3 million from GBP9.0 million year-on-year, as revenue falls to GBP7.2 million from GBP7.8 million. Attributes this on its focus on achieving debt reduction and cash generation. Remains focused on delivering maximum value to its shareholders.
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Secure Property Development & Investment PLC - London-headquartered commercial property investor focused on southeastern Europe - In the first half of 2022, it swings to a pretax loss of EUR680,706 from a profit of EUR287,631. Records a fair value loss on financial assets of EUR446,674. Income falls to EUR509,750 from EUR657,443, due to a drop in third party management fees.
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By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Helios Underw (HUW)
Africa Opp. (AOF)
Apq Global (APQ)
REI (RLE)
Secure Prop (SPDI)