(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Gfinity PLC - London-headquartered e-sports firm - Revenue down 43% in financial year ended June 30 to GBP4.5 million from GBP7.9 million. Pretax loss narrows to GBP8.2 million from GBP12.1 million. Says it is looking towards exploiting the "explosive" growth it has seen through making acquisitions, forming partnerships, separating activities of the group, or a potential sale of the company. Says this strategic growth review, first announced earlier in October, is being overseen by investment bank FinnCap Group PLC and is "progressing as planned".
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Aberdeen Standard Asia Focus PLC - investment trust that aims to identify market leading businesses in Asia - Posts net asset value per share at July 31 of 1,106.45 pence, down 15% from 1,300.56 pence a year prior. NAV total return was negative 14% versus the MSCI AC Asia Pacific ex Japan Index total return benchmark of positive 1.9%. Declares final dividend of 4.5 pence per share, down from 5.0p a year before. Says investments look "undimmed" in the long-run despite the pandemic.
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Sealand Capital Galaxy Ltd - Cayman Islands-based investment company - Revenue more than doubles in the half year ended June 30 to GBP276,648 from GBP119,984 a year prior, despite COVID-19 and major disruption in Hong Kong due to anti-government protests. Reports reduced loss attributable to shareholders of GBP383,625 from GBP496,957. Says it is encouraged by the signs of economic recovery in Asia ahead of much of the world and an increased demand for digital solutions.
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Attis Oil & Gas Ltd - oil and gas exploration and production company - Pretax loss widened in the first half ended June 30 to USD862,000 from USD794,000 a year prior. Made progress with its asset sale programme. Following the disposal of its Austin field assets, Attis became an AIM cash shell and will be required to make an acquisition before February 5, 2021.
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Proactis Holdings PLC - cash management software - Revenue in the financial year ended July 31 down 8.3% to GBP49.6 million from GBP54.1 million a year prior. Pretax loss narrows to GBP19.3 million from GBP25.8 million a year before. Does not declare a final dividend, unchanged from year prior. Says commercial progress was slowed by the global pandemic and demand is still marginally subdued. Expects nonetheless to meet earnings forecast for the 2021 financial year.
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Angle PLC - Guildford-based liquid biopsy company - Revenue for the half year ended June 30 falls 39% to GBP235,000 from GBP384,000 a year prior. Says revenue is depressed as many research customers were shut down in the period as a result of Covid-19 restrictions. Pretax loss narrows to GBP5.8 million from GBP6.1 million a year before. "ANGLE is pursuing the opportunity for multiple revenue streams with the establishment of clinically accredited laboratories for running patient samples, development of a pharma services business with a particular focus on immunotherapy, and the design of clinical utility studies to drive adoption of the Parsortix system in clinical practice," it says.
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Zoltav Resources Inc - Russia-focused oil and gas exploration and production - Contract revenue is down 12% in the first half ended June 30 to RUB552.3 million, or USD 7.0 million, from RUB624.4 million a year prior. Cost of sales is narrowed to RUB380.6 million from RUB533.9 million year-on-year. Swings to a pretax profit of RUB18.7 million from RUB172.6 million a year before. Says it plans on maximising the potential of its fields.
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By Greg Roxburgh; gregroxburgh@alliancenews.com
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Abrdn Asiafocus (AAS)
Gfinity (GFIN)
Sealand Cap (SCGL)
Angle (AGL)