(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
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SMALL-CAP - WINNERS
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Cloudbreak Discovery PLC, up 3.0% at 1.70 pence, range since June listing 1.43p-4.50p. Looking forward to an "active" year testing results from several of its projects following reports of a narrowed full-year loss. The Vancouver-based company which generates exploration and development projects for the natural resource sector reported a narrowed loss of GBP902,060 in the year ended June 30. This was down 16% from GBP1.1 million in financial 2020. Exploration and evaluation cash expenditures amounted to GBP29,675, up from zero in financial 2020. Likewise, the value of investments were up, rising to GBP4.4 million from GBP28,306.
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Creightons PLC, up 3.4% at 90.75 pence, 12-month range 59.00p-134.00p. Reveals fall in profit and revenue, as one-time sales during the virus pandemic weren't repeated, but it kept its interim payout unchanged, citing strong underlying business momentum in its half year. In the six months to September 30, pretax profit fell by 22% to GBP2.3 million from GBP2.9 million. The Peterborough, England-based consumer goods company reported a 7.3% fall in revenue, dropping to GBP30.0 million from GBP32.4 million in the same period the previous financial year. Revenue from core business - meaning excluding hygiene products and acquisitions - increased by 40% to GBP29.2 million from GBP20.8 million. Had "better than expected" success in replacing the previous year's hygiene sales that had been thanks to the Covid-19 pandemic, offsetting the loss of GBP11.5 million in one-off hygiene sales recording in the same six months a year ago. Despite the drop in revenue and profit, Creightons maintained its interim dividend at 0.15 pence.
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By Paul McGowan; paulmcgowan@alliancenews.com
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Creightons (CRL)
Cloudbreak (CDL)