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UK EARNINGS SUMMARY: Glantus, Cambria Africa revenue grows; SDX down

Mon, 30th May 2022 17:26

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Livermore Investments Group Ltd - investment company focused on fixed income instruments - Net asset value per share rises 14% to USD1.07 as at December 31 from USD0.94 on the same date a year before. Income from investments grows 25% to USD27.5 million from USD22.0 million. Net profit multiplies to USD24.7 million from USD845,000. Attributes results to recovery from Covid-19 pandemic and "milder" disruptions to economic activity throughout the year.

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Triple Point Social Housing REIT PLC - London-based real estate investment trust - NAV per share stands at 110.70p as at March 31, up 2.2% from 108.27p as at December 31. Declares dividend of of 1.37p per share. Targets a total dividend of 5.46p for 2022, up 5% from 5.20 in 2021.

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Rockfire Resources PLC - gold and base metal exploration company - Pretax loss widens to GBP744,953 in 2021 from GBP719,987 in 2020, on higher administrative expenses. Records no revenue, unchanged from the year before. Says its delighted with the progress across its portfolio so far.

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Triple Point VCT 2011 PLC - small and medium sized enterprises investor - NAV per A share as at February 28 stands at 13.25p, down 75% from 52.43p on the same date the year before. NAV per B share stands at 57.69p, up slightly 0.6% from 57.36p. NAV per venture share grows 22% to 113.55p from 93.26p. Attributes results to the "good" performance of its portfolio. Total dividends per A share multiply to 36.50p from 6.75p. Declares no dividends per B share in the year, compared to 5.00p the year before. Declares total venture share dividends of 3.00p, unchanged from last year. Believes its venture fund's portfolio remains well-positioned for future growth.

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Glantus Holdings PLC - Dublin, Ireland-based provider of automation and analytics solutions - Pretax loss widens to EUR2.3 million in 2021 from EUR201,000 in 2020, on higher administrative expenses. Revenue rises 28% to EUR10.5 million from EUR8.2 million. Credits revenue growth to its strong organic trading performance and the acquisition of Technology Insights Corp in July. Says trading in 2022 has been in line with expectations so far.

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abrdn Japan Investment Trust plc - investor in listed Japanese companies - Net asset value total return amounts to negative 10% in the year to March 31, underperforming the TOPIX benchmark's negative 2.7% total return. Discount to NAV per ordinary share widens slightly to 11.0% from 9.9%. Revenue return per share grows 59% to 8.5p from 6.6p, year-on-year. Blames weak performance on "fears of rising infections, the initially slow vaccination programme and Tokyo entering its third emergency lockdown" that weighed on markets, especially in the second half. Declares a final dividend of 9.0p, making for a total dividend of 15.0p, unchanged from financial 2021. Believes its strategy will serve its shareholders well "over the long term."

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Cambria Africa PLC - Zimbabwe-focused investment company - Pretax profit rises 79% to USD240,000 in the six months to February 28 from USD134,000 in the same period a year before. Revenue grows 38% to USD724,000 from USD526,000. This was mostly due to increased revenue from Tradanet, the company's 51% owned subsidiary.

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SDX Energy PLC - London-based oil and gas company focused on Egypt and Morocco - Records net revenue of USD11.2 million in the first quarter ended March 31, down 16% from USD13.4 million a year before. Blames this largely on USD2.3 million lower revenue in Morocco due to "the non-renewal of an expired customer contract and slightly lower realised pricing due to adverse [foreign exchange movements]". Says average entitlement production 4,017 barrels of oil equivalent per day was 17% higher than mid-point 2022 market guidance of 3,425 boepd. Says production in Morocco and at South Disouq was above 2022 guidance during the first quarter. Notes production at West Gharib was below guidance as production from the ongoing drilling campaign will contribute "more significantly" in the second half of 2022, and due to fewer wells being drilled in the period.

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By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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