(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
----------
Avation PLC - Singapore-based passenger aircraft leasing firm - For the year ended June 30, expects a return to net profit, following a recovery in the company and its sector. For the period, Avation's income stands at USD115 million.
----------
Zinnwald Lithium PLC - High Wycombe, England-based mineral exploration and development company - For the first half of 2022, pretax loss widens to EUR1.5 million from EUR935,488 the same period a year before, due to the lack of a gain on an original joint venture holding, and higher administrative expenses, as well as a one-off share-based payment charge. Looking ahead, company is working on a bankable feasibility study for the Zinnwald lithium project in Germany, and it aims of deliver such by the end of 2023.
----------
NB Global Monthly Income Fund Ltd - invests in traditional credit, such as bonds and loans, and in alternative credit, such as distressed credit, collateralized loan obligations, mezzanine debt, and club loan transactions - Net asset value per share as at June 30 drops to 83.29 pence from 94.29p at the end of December 31. "We believe that the company remains an attractive vehicle for those seeking inflation protected regular income with attractive risk adjusted returns and good capital protection over time. The manager considers, although global growth is slowing, that key buffers remain for corporate issuers with credit metrics such as interest cover starting from a healthy point," says Chair Rupert Dorey.
----------
daVictus PLC - Asia-focused food & beverage sector investor - For the six months ended June 30, swings to pretax profit of GBP64,005 from loss of GBP5,004 the same period a year before, on revenue which more than doubles to GBP150,000 from GBP75,000, which was derived from franchise-related fees from Kuala Lumpur, Malaysia and Bangkok, Thailand.
----------
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Avation (AVAP)
Zinnwald Lithium (ZNWD)
Nb Global (NBMI)
Davictus (DVT)