EARNINGS UPDATES: Pembridge Resources swings to annual loss

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

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Predator Oil & Gas Holdings PLC - Jersey-based oil and gas company with near-term gas operations focussed on Morocco - Posts loss from operations of GBP2.6 million for 2022, widened from GBP1.5 million a year earlier. Says the increase in operating loss is attributable to share based payments. Finance expenses rise to GBP17,532 from just GBP19,000 a year earlier. Executive Chair says: "We are pleased to have managed operating losses and administrative expenses in 2022, after allowing for share-based payments whilst increasing cash balances at the end of the period and maintaining a debt-free status."

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Pembridge Resources PLC - UK mining company with investments in British Columbia, Canada - Swings to pretax loss of GBP8.0 million for 2022 from GBP20.6 million of profit in 2021, as operating loss amounts to GBP7.1 million, swung from a profit of GBP21.2 million. Equity attributable to shareholders of the company is down to GBP3.2 million from GBP10.9 million in 2021. Chief Executive Gati Al-Jebouri says: "The results of Pembridge for 2022 are affected by the challenges experienced during the year by Minto, in which Pembridge holds a 11.1% investment, which is reflected in the financial statements as the fall in the market value of that investment and deferral of the remaining surety repayments and accrued interest due to Pembridge from Minto."

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Schroder Income Growth Fund PLC - UK-based investment company - net asset value total return per share in the half year to February 28 id 10.7%, outperforming the FTSE All-Share index of 8.7%, NAV per share as at February 28 stands at 317.28 pence, up from 307.08p on the same date a year earlier. Looking ahead, expects inflation to drop slowly.

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By Xindi Wei, Alliance News reporter

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