TRADING UPDATES: Aferian lifts annual dividend on growth from Devices

(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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Aferian PLC - Leeds, England-based media technology company - For the year ended November 30, pretax profit rises 20% to GBP5.3 million from GBP4.4 million the year before, driven by a 12% increase in revenue year-on-year to GBP92.9 million from GBP82.7 million. Revenue growth was helped up by growth in the Devices segment via volume sales and a rise in average selling prices, in spite of supply chain issues. Declares dividend per share of 3.09 pence, up 65% from 1.87p the prior year. Looking ahead, remains confident in achieving its current annual expectations.

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Feedback PLC - medical imaging software company - For the six months ended November 30, pretax loss narrows to GBP1.2 million from GBP918,000, due to increased expenses from investment in product development, and a higher headcount. Revenue, however, grows 8.5% year-on-year to GBP179,000 from GBP165,000, due to the increased commercialisation of Bleepa. Bleepa is the only CE marked medical imaging communications platform on the NHSx clinical communications tools framework that enables remote and secure communications between front-line clinicians and teams. Looking ahead, the strong momentum achieved in the first half means that annual revenue is expected to be ahead of market expectations.

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Atlantic Lithium Ltd - lithium-focused exploration company - Final programme of high-grade infill and extensional resource drilling assay results from the 37,500 metre programme on the Ewoyaa project in Ghana completed in December have confirmed grade and continuity across the deposits, as well as new mineralisation outside of the mineral resource estimate. Looking ahead, exploration and resource reverse circulation and diamond drilling is planned to recommence in March.

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Firering Strategic Minerals PLC - Cyprus-incorporated operator of Atex lithium-tantalum mine project in Ivory Coast - Intends to fast-track diamond drilling programme targeting the hard rock lithium bearing pegmatites within its Atex project in Cote d'Ivoire, following further mapping revealing several new pegmatites, with widths ranging from a few metres to over 100 metres. The drilling programme is expected to commence in the second quarter of 2022.

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Alien Metals Ltd - London-based exploration company focused on Australia, Mexico and Greenland - Has been granted all necessary permissions to start drilling on the Los Campos and San Celso silver projects, as well as the Donovan 2 copper-gold project in Mexico. Los Campos and San Celso drilling will target mineralised vein systems exploited previously for high-grade silver, while Donovan 2 drilling will target potential copper zone.

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PetroTal Corp - Texas-based oil and gas company - Well 10H produces average of 10,050 barrels of oil per day for the last ten days ending Wednesday, setting a new internal daily production record. Looking ahead, final ministry approval for PetroTal's central processing facility is expected on Tuesday next week, to be able to operate to its maximum capacity from 24,000 bopd to 26,000 bopd.

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Artemis Resources Ltd - Perth-based miner with gold, copper and cobalt projects in Pilbara region of Western Australia - At Greater Carlow, drill rig has arrived to start a 6,000 metre reverse circulation drilling programme at the Crosscut Zone, while the drilling programme at Paterson Central is expected to commence in mid-March once the first rig arrives on-site.

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Karelian Diamond Resources PLC - Dublin-based diamond explorer - Notes that final meeting of the National Land Survey in Finland relating to the Lahtojoki diamond deposit is to be held in Spring, and is expected to complete proceedings by June.

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Xtract Resources PLC - London-based metals and minerals producer - Results from drill hold BRDD-21-020 on phase two diamond drilling programme at Bushranger copper-gold exploration project indicates a good correlation to the mineralisation intersected in drill hole BRDD-21-018, leading to both holes confirming the extension on the Racecourse deposit at depth of 150 metres to the north-west of previous drilling. Follow-up drilling in the area will focus on the shallower and higher-grade crown to the mineralisation.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

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