TRADING UPDATES: Impellam and Everyman Media turn to full-year loss

(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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Impellam Group PLC - recruitment company - For the year ended January 31, posts pretax loss of GBP20.4 million, compared to profit of GBP5.7 million the year before, as revenue dropped 11% year-on-year to GBP2.00 billion from GBP2.25 billion. Closing headcount as at December 31 was down 17% year-on-year to 2,491. This was due to the Covid-19 pandemic hurting demand for temporary and permanent staff.

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Everyman Media Group PLC - UK-based cinema company - For 2020, swings to pretax loss of GBP22.2 million from a profit of GBP2.3 million the year before, while revenue declined 63% to GBP24.2 million from GBP65.0 million the year before, driven by five months of operations being closed due to the Covid-19 pandemic and related restrictions.

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Enteq Upstream PLC - oil & gas drilling technology company based in Buckinghamshire - For the year ended March 31, expects results to be in line with management expectations, with revenue set to be around USD5 million, and adjusted earnings before interest, tax, depreciation and amortisation to be breakeven.

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Schroder Japan Growth Fund PLC - investment trust - For the six months ended January 31, posts net asset value total return of 19.9%, outperforming its benchmark, which returned 17.9%. As at January 31, net asset value per share was 221.61 pence, up from 218.25p the same date the year before.

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Rockfire Resources PLC - Australia-focused gold and base metal exploration company - Scoping study results for the Plateau gold deposit in Australia include a net positive cash flow ranging from AUD6.8 million to AUD19.4 million. Average mined grades range between 1.26 grams per tonne of gold and 1.94 g/t from within the optimised pit outlines. Metallurgical test work will form part of the next drilling phase to provide information regarding the expected metal recovery from processed.

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Tavistock Investments PLC - Bracknell-based fund manager - As at March 31, funds under management remains similar to year before at around GBP1.1 billion. Revenue from the advisory business is also in line with the year before at GBP24 million, of which around 80% is annualised recurring revenue. Still considers takeover offer by Team PLC as an "unwelcome distraction from the company".

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Alpha Financial Markets Consulting PLC - London-based consultancy for asset and wealth management industry - Following firm trading in the second half, expects adjusted Ebitda for the year ended March 31 to be at the upper-end of market expectations.

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Highcroft Investments PLC - real estate investment trust - For 2020, swings to pretax loss of GBP1.1 million from profit of GBP1.5 million the year before, due to widened net losses on investment property at GBP4.7 million from GBP2.9 million. This was on net property income that declined 3.5% to GBP5.46 million from GBP5.66 million. Net asset value per share as at December 31 declines 6.0% to 1,104 pence from 1,175p the prior year. Declares final dividend of 30p per share, bringing the total payout to 57.00p, up 19% from 48.00p.

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Tracsis PLC - Leeds-based traffic data & transportation services firm - For the six months ended January 31, pretax profit drops 54% to GBP1.1 million from GBP2.4 million the year before due to higher costs, including from the acquisition of iBlocks in March 2020. This was on revenue that declined 16% to GBP22.2 million from GBP26.4 million, due to lower sales in Events and Traffic Data due to Covid-19 restrictions. Declares no interim dividend.

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Dekel Agri-Vision PLC - West African-focused agriculture company - For the first quarter of 2021, crude palm oil production rises 27% to 15,327 tonnes from 12,081 tonnes the year before, while sales increase by 26% to 13,921 tonnes. Average crude palm oil price rises 20% to EUR794 per tonne. Palm kernel oil production grows 4.3% year-on-year to 804 tonnes, while sales jump 84% to 967 tonnes from 523 tonnes. Average palm kernel oil price rises 17% to EUR780 per tonne.

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Premier Miton Group PLC - Guildford, Surrey-based asset manager - As at March 31, closing assets under management stands at GBP12.60 billion, up from GBP12.0 billion at the end of December. For the second quarter ended March 31, company reported net inflows of GBP193 million. "It was pleasing to see the continued growth in AuM and to record a second successive quarter of net positive fund flows," says Chief Executive Officer Mike O'Shea.

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Motorpoint Group PLC - Derby, England-based vehicle retailer - For the year ended March 31, sells 68,000 vehicles in total, including 25,000 that were sold via the Auction4Cars.com platform. E-commerce investment prioritised, leading to results exceeding management expectations. Within the fourth quarter, online sales grew by 89% year-on-year. However, due to Covid-19 restrictions, revenue will be 29% lower from GBP1.02 billion the year before. Due to impact of pandemic, has refrained from offering future guidance.

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Altitude Group PLC - Sheffield-based firm operating a marketplace for personalised products - For the year ended March 31, trades positively despite difficult trading conditions, and expects to deliver a performance in line with management expectations. For the third quarter ended December 31, revenue growth led to gross profit of GBP1.4 million.

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M Winkworth PLC - residential real estate agencies franchiser headquartered in London - For 2020, pretax profit drops 6.1% to GBP1.5 million from GBP1.6 million, as revenue remained flat at GBP6.4 million. Meanwhile, total gross revenue from its franchise network edges lower to GBP47.7 million from GBP48.3 million, due to a decline in Lettings & Management. M Winkworth declares dividend of 6.68 pence, down 14% from 7.8p the prior year.

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Chaarat Gold Holdings Ltd - London-based gold miner focused on Armenia and Kyrgyz Republic - For 2020, swings to Ebitda of USD9.3 million, compared to loss of USD12.8 million the year before, on revenue that grew 13% to USD76.0 million from USD68.1 million, driven by increased production and a recovery in prices in the second half of the year. For 2020, output rose 3% to 58,178 ounces of gold equivalent.

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Aberdeen Asian Income Fund Ltd - closed-end fund concentrated on Asian equities - For 2020, net asset value total return was 12.9%, compared to the MSCI AC Asia Pacific ex Japan Index, which returned 19.0%. As at December 31, net asset value per share rose to 245.40 pence from 227.15p the same date the prior year. Declares dividend of 9.30p per share, up from 9.25p the year before.

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Equals Group PLC - London-based payments and e-banking firm - For 2020, pretax loss widens to GBP9.0 million from GBP8.0 million the year before, on revenue which declined 1.9% year-on-year to GBP29.0 million from GBP30.9 million, mainly through a decline from the Business-to-Consumer division. For the first quarter of 2021, revenue reaches GBP8.0 million, at an annual run-rate equivalent of GBP120,000 per employee.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

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