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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Avation PLC - Singapore-based commercial passenger aircraft leasing company - For the six months ended December 31, pretax loss narrows to $15.9 million from $60.5 million, due to a much lower impairment loss on aircraft and credit losses. Revenue drops 6% year-on-year to $57.9 million from $61.3 million. Avation’s aircraft fleet stands at 42, however fleet assets declines 7.0% year-on-year to $1.00 billion as at December 31 from $1.08 billion at the end of June.
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Franchise Brands PLC - Manchester-based owner of ChipsAway, Willow Pumps and Metro Rod brands - For 2021, pretax profit rises 57% year-on-year to £5.8 million from £3.7 million the year before, on revenue which grows 17% year-on-year to £57.7 million from £49.3 million, with double digit sales from Metro Rod and Metro Plumb, as well as a strong recovery from the B2C division. Declares final dividend of 0.9 pence per share, bringing total payout to 1.5p, up 36% from 1.1p. Looking ahead, reports strong start to 2022, with continued sales growth in B2B.
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Poolbeg Pharma PLC - London-based pharmaceutical company - For the period from incorporation on March 19 to December 31, posts pretax loss of £2.3 million and no revenue as the company continues to develop its severe influenza treatment POLB 001.
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Crystal Amber Fund Ltd - Guernsey-based investment company - As at December 31, net asset value per share increases 11% year-on-year to 143.19 pence from 128.99p. For the six month period, delivered NAV negative return of 0.8%, compared to a 4.7% positive return from the Numis Small Cap Index.
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JPMorgan Global Growth & Income PLC - invests in companies around the world - As at December 31, net asset value per share increases 6.1% year-on-year to 459.1 pence from 432.3p, while for the six month period, NAV total return is 8.2%, compared to a 7.7% return from the MSCI AC World Index.
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t42 IoT Tracking Solutions PLC - Jersey-based provider of tracking, security and monitoring solutions for containers and freight - For 2021, operating loss widens to $2.7 million from $1.8 million, on revenue which declines 16% year-on-year to $4.2 million from $5.0 million due to supply chain issues and a performance turnaround only taking place near the end of 2021.
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Allergy Therapeutics PLC - Sussex-based biotechnology firm focused on allergy vaccines - For the six months ended December 31, pretax profit drops 54% to £7.3 million from £15.8 million a year before, due to a rise in costs and a 10% year-on-year decline in revenue to £48.7 million from £54.0 million, due to the strategic streamlining of older products. Looking ahead, company has a strong outlook for the full financial year with operating profit on track to meet consensus expectations.
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Power Metal Resources PLC - London-based metals exploration company focused in North America, Africa and Australia - For the year ended September 30, pretax loss narrows to £623,000 from £1.4 million the year before, due to smaller impairment charges, and a slight rise in revenue to £37,000 from £9,000
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