(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Accsys Technologies PLC - London-based wood building products manufacturer - Profit surges in financial year that ended March 31. Pretax profit grows to GBP1.7 million from GBP340,000 a year ago. Revenue rises 21% to EUR120.9 million from EUR99.8 million. Firm aims to nearly double earnings before interest, tax, depreciation, and amortisation in financial year 2023. Ebitda was EUR10.5 million in financial year 2022, largely unchanged from EUR10.4 million the year before. "In the longer term, we expect to achieve improved profitability and operating cash-flow generation," says Chief Executive Officer Robert Harris. He adds that the firm is increasing its capacity fivefold by 2025. Expects to double capacity from Hull and Arnheim in the current financial year to 120,000 cubic metres from 60,000 cubic metres. Proposes no dividend, unchanged from a year ago.
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Advanced Oncotherapy PLC - London-based provider of proton therapy for cancer treatment - Pretax loss widens in 2021 to GBP29.5 million from GBP25.3 million in 2020. Posts no revenue, unchanged from a year ago. Reports GBP4.3 million cash as at December 31, up from GBP2.3 million a year earlier. Raised GBP58 million in 2021. Says 2022 is a significant year for the company as it aims to deliver its "LIGHT" system that operates at 230 million electron volts.
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Ascent Resources PLC - London-based onshore Caribbean, Hispanic American and European-focused natural resources company - Narrows pretax loss in 2021 to GBP2.0 million from GBP2.8 million the year before. Posts no revenue in either years. Administrative expenses reduce to GBP1.6 million from GBP2.3 million.
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Dolphin Capital Investors Ltd - British Virgin Islands-based investor in high-end resort developments in the eastern Mediterranean - Pretax loss in 2021 narrows but net asset value per share falls. NAV falls to EUR0.13 per share as at December 31, from EUR 0.16 a year ago. Pretax loss narrows to GBP21.2 million from EUR24.1 million in 2020. Revenue grows to EUR4.7 million from EUR3.6 million. Gains EUR5.9 million on disposal of investments in subsidiaries, up sharply from EUR336,000 in 2020.
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Hydrogen Utopia International PLC - London-based waste-to-hydrogen company - Posts maiden pretax loss of GBP1.0 million for 2021 since it started trading on the Aquis Stock Exchange in January. Posts no revenue. Investment revenues at GBP184. Firm on Tuesday announced it began its waste plastic to hydrogen testing programme. Referring to a reduction of dependence on primary fossil fuels, Chief Executive Officer Aleksandra Binkowska says: "we believe that this transition represents the future."
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By Tom Budszus; tombudszus@alliancenews.com
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