The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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600 Group PLC - West Yorkshire, England-based manufacturer and distributor of machine tools, precision engineered components and industrial laser systems - In the year ended March 31, swings to a pretax profit before adjusting items of $767,000 from a loss of £1.3 million the previous year. Revenue before adjusting items jumps to £32 million from £21.3 million. Notes strong post-pandemic recovery, with high activity levels across its Industrial Laser systems businesses, with its Laser division seeing revenue growth of 50%. Sees ‘heightened demand’ in financial 2023 and looks to the future ‘with confidence.’
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Thor Mining PLC - Australia-focused exploration and development company - Narrows pretax loss to £1.3 million in the year ended June 30, from £2.1 million the previous year. The previous year, Thor recorded a £1.5 million impairment on its exploration assets, unlike this year. On June 30, assets total £14.9 million, up from £12.6 million at the same time a year prior. Adds Covid-19 continues to disrupt its supply chains and services.
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Xtract Resources PLC - Australia, Mozambique and Zambia-focused gold producer, exploration and development company - In the six months ended June 30, reports a significantly narrowed pretax loss of £28,000 from a loss of £2.2 million the previous year. This comes as administration & operating expenses fall to £1.3 million from £2.2 million the previous year, and revenue from gold sales jumps to £970,000 from £160,000. Net assets at June 30 rises to £21.3 million from £20.7 million at the same time a year prior.
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