The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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East Star Resources PLC - gold and copper exploration company focused on Kazakhstan - Announces results for the period from incorporation on November 17, 2020 to November 30, 2021. Company generates no revenue during the year but says it is focusing on its Discovery Ventures Kazakhstan assets and other acquisition targets which are expected to be revenue generating in the future. Records a pretax loss of £421,212. At November 30, company has assets of £1.9 million.
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Surgical Innovations Group PLC - Leeds, England-based surgical and medical instrument manufacturer - Reports revenue of £9.1 million in 2021, up 44% from £6.3 million the previous year. Company explains this amounts to 85% of pre-pandemic revenue. Narrows pretax loss to £585,000 from loss of £3.3 million in 2020. Revenue in first two months of 2022 is approximately 40% higher than the corresponding period of 2021 and slightly ahead of pre-pandemic levels, company adds. Chair Nigel Rogers says: ‘Despite the Omicron Covid-19 variant causing healthcare staff shortages in some markets, the impact has been less severe than anticipated. The UK market continues to be strong and is trending ahead of pre-pandemic levels and, as patient waiting lists continue to rise, it is likely that this momentum will continue.’
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KRM22 PLC - London-based closed-ended investment company - Narrows pretax loss in 2021 to £3.3 million from a loss of £5.5 million a year prior. Revenue drops 10% to £4.1 million from £4.6 million. 96% of 2021’s revenue was generated from recurring customer contracts. Chair Keith Todd calls the year ‘challenging’ but says the company has entered 2022 in a good position for its next phase of growth.
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SigmaRoc PLC - London-based investment company focused on construction - Swings to a pretax loss from continuing operations of £2.3 million in 2021 from a profit of £7.1 million. Revenue more than doubles to £272 million from £124.2 million in 2020. In line with the previous year, it does not pay a dividend. SigmaRoc says second half of the year was hit by supply chain challenges and cost inflation. Company says 2022 has started well despite some issues from Covid-19 restrictions.
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Henderson Eurotrust PLC - focused on European, excluding the UK, investments - Net asset value return for the six months to January 31 is minus 6.7% compared to a total return from the benchmark index, the FTSE World Europe, excluding the UK, Index, of minus 1.2%. NAV per share at January 31 stood at 154.6 pence, up from 152.8p at the same time a year ago. Revenue return per share increases to 0.65p from 0.07p at January 31 year-on-year. Affirms that portfolio is not directly invested in Russia or Ukraine. Company maintains a dividend of 0.8p.
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Kakuzi PLC - Nairobi-based agricultural company - Reports sales of KES3.3 million in 2021, around $28,752, and down 8.7% from KES3.6 million the previous year. Pretax profit falls 44% to KES471,556 from KES847,532. Explains the reduced earnings were due to lower avocado production and prices in the year. Adds it experienced greater earnings from macadamia sales during the year as a result of increased yields from its young orchards. Company increases dividend to KES22.0 from KES18.0 year-on-year.
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