(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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Judges Scientific PLC - London-based scientific-instrument acquisition company - Pretax profit in the first half of 2022 falls 42% to GBP3.9 million from GBP6.7 million a year before, as operating expenses jump to GBP41.5 million from GBP35.8 million. Revenue grows 8.0% to GBP46.4 million from GBP43.0 million. Attributes this to a large order book available at the start year. Lifts its interim dividend to 22 pence from 19 pence. Remain confident in its "resilience and adaptability" despite the challenging trading environment.
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Panther Securities PLC - property investor - Pretax profit for the six months to June 30 grows to GBP13.3 million from GBP11.6 million a year before, due to finance costs of GBP5.0 million in the prior period that were unrepeated. Revenue remains flat at GBP6.4 million. Declares an interim dividend of 6.0 pence per share, unchanged from a year before.
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Clontarf Energy PLC - Dublin-headquartered oil & gas exploration and production company focused on Ghana, Bolivia and Australia - Pretax loss widens to GBP4.5 million in the first half of 2022 from GBP137,000 a year before, due to a Sasanof project expenditure of GBP4.1 million. Records no revenue in the period, unchanged from a year before. Expects that the Bolivian Lithium Law will soon be updated to ensure the legal basis for joint ventures with the authorities.
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Pantheon Infrastructure PLC - Investment trust managed by Pantheon Ventures and focused on infrastructure assets - In the period to June 30 from September 9 the company records a pretax loss of GBP557,000. NAV per share as at June 30 stands at 97.9p. Declares an interim dividend of 1p and targets a full-year dividend of 2p. Says it has a "robust pipeline of opportunities" within a "supportive" infrastructure investment environment
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Forward Partners Group PLC - London-based investment firm - Swings to a pretax loss of GBP24.9 million in the first half of 2022 from a profit of GBP13.0 million a year before, "predominantly driven by the unrealised GBP28.0 million Venture Portfolio value decline and a GBP7.3 million reversal of the carried Interest charge." Operating expenses jump to GBP4.5 million from GBP1.9 million. Total income grows to GBP27.7 million from GBP19.0 million. Pay no dividend, unchanged from a year before.
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Public Policy Holding Co Inc - Washington, DC-based US government affairs business, admitted to AIM in December - Pretax loss in the first half of 2022 widens to USD2.2 million from USD114,507 a year ago, as general and administrative expenses jump to USD5.1 million from USD3.8 million. Revenue rises 9.6% to USD51.7 million from USD47.2 million. Attributes this to a strong financial performance, "driven by increased activity levels from new and existing clients." Declares an interim dividend of USD0.045 per common share. Expects to maintain its strong organic growth.
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Jade Road Investments Ltd - Hong Kong-based investment vehicle - Swings to a profit of USD1.0 million in the six months to June 30 from a loss of USD271,000 a year before. Records a USD300,000 gain on disposal. Net portfolio income jumps to USD2.3 million from USD1.3 million. Does not recommend the payment of an interim dividend.
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Blackstone Loan Financing Ltd - invests in floating rate senior secured loans and bonds - Net asset value per share as at June 30 stands at EUR0.7469, down from EUR0.9154 as at December 31. Records a negative NAV total return of 14%. Says outlook for the remainder of 2022 remains positive. Cautions that macroeconomic data continues to provide contradicting signals about the health of the economy.
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REA Holdings PLC - London-based crude palm oil producer - Records an increase of 24% in revenue to USD108.6 million in the first half of 2022, from USD87.7 million a year before. Pretax profit more than doubles to USD19.2 million from USD7.6 million. Attributes growth to higher average selling prices for crude palm oil and crude palm kernel oil. Expects that its 2022 crop will be weighted towards the second half, as usual.
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Ten Lifestyle Group PLC - London-based lifestyle and travel services - Expects to report net revenue of GBP46.8 million for the year which ended August 31, up 35% versus GBP34.7 million. Says this is ahead of market expectations of GBP45 million. Expects adjusted earnings before interest, tax, depreciation, and amortisation to be in line with market expectations of GBP5 million and ahead of the GBP4.4 million last year. Explains that revenue and earnings improved "significantly" in the second half of the year after the adverse impacts of Omicron were overcome.
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By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Judges Scientific (JDG)
Panther Securities (PNS)
Clontarf (CLON)
Pantheon Infr (PINT)
Public Policy (PPHC)
Jade Road Inv (JADE)
Blackstone Loan (BGLF)
R.e.a.hldgs. (RE.)
Ten Life (TENG)