The following is a round-up of earnings updates by London-listed companies, issued last week and not separately reported by Alliance News:
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Pacific Assets Trust PLC - Asia Pacific-focused investor - Net asset value per share at July 31 half-year end falls 0.3% to 371.3 pence from 372.6p 12 months earlier. ‘We continue to look through the headlines and market volatility to ensure we own a portfolio of high-quality Asian franchises capable of thriving through periods of macroeconomic uncertainty. An outcome of such a focus is the trust’s track record of outperforming the vast majority of down markets. We believe the combination of protecting capital in times of stress as well as owning companies which can create value from the many attractive tailwinds enjoyed by the Asian region is critical to the generation of attractive long-term returns,’ company says.
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Octopus Apollo VCT PLC - London-based investment firm - NAV per share at July 31 half-year end rises to 51.5p from 51.0p a year earlier. Maintains ordinary interim dividend of 1.3p per share. Does not declare special payout. Had declared a 3.1p special payout a year earlier.
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Foresight VCT PLC - venture capital trust investing in early stage companies - Net asset value per share in six months to June 30 fades to 88.5p, from 90.1p at December year-end. Annually, NAV per share climbs from 80.5p.
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Foresight Enterprise VCT PLC - venture capital trust managed by Foresight Group LLP - Net asset value per share in six months to June 30 falls to 67.5p, from 69.1p in December, but up year-on-year from 63.8p.
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London Finance & Investment Group PLC - London-based investment finance and management company - Net asset value per share at June 30 year end slides to 54.8 pence from 60.5p the year prior. Declares 0.60p per share final payout, taking total dividend to 1.15p per share, unchanged year-on-year.
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KR1 PLC - investor in companies in the blockchain industry - Net asset value per share at June 30 half-year end falls to 30.59 pence each, from 80.30p a year earlier and 122.68p at December 31.
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Startup Giants PLC - London-based investor in UK technology startups - Revenue in six months to June 30 rises to £243,399 from £215,427 a year earlier. Swings to pretax profit of £5,135, from £4,042 loss.
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British & American Investment Trust PLC - investment firm - Decides against interim dividend, having paid 3.5p per share payout a year earlier. Net asset value per share at June 30 half-year end falls to £0.18 from £0.20 a year earlier.
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St Mark Homes PLC - London-based residential and mixed-use property developer - Pretax loss in six months to June 30 widens to £146,510, from £49,420 a year earlier. Revenue falls to £21,600 from £108,000. Company, which has 40% stake in Sutton High Street in London, says developer has exchanged contracts with a ‘FTSE 100 retailer for the letting of the ground floor retail space’. ‘The construction industry is experiencing continuing supply chain delays and cost increases in recent times. Our projects have also been delayed as a consequence of subcontractor insolvency. This had a significant impact on progress on our Uxbridge Road and High Road Finchley projects,’ company adds.
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Arricano Real Estate PLC - Kyiv-based shopping and entertainment centres developer focused on Ukraine - Says ‘war in Ukraine has created significant uncertainty and distress’. It adds: ‘Nevertheless, all of Arricano’s shopping malls have remained open and continue to trade, albeit at reduced volumes.’ Revenue in first half of 2022 falls to £13.2 million from £16.9 million a year earlier. Pretax loss widens to £88.0 million from £1.1 million.
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abrdn Property Income Trust Ltd - commercial property investor - Reports decent interim results, with net asset value per share rising to 110.7p at June 30, from 101.0p at Dec 31. Boasts a 12% NAV return in the first half, compared to a return of minus 19% from the FTSE All-Share Real Estate Investment Trusts Index. Pays 2.0p dividend, unchanged from prior year.
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Helium Ventures PLC - special purpose acquisition vehicle focused on helium - Posts maiden annual results. It had floated on Aquis Stock Exchange Growth Market back in July 2021. In year to April 30, reports pretax loss of £516,174. Reports no revenue.
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China Nonferrous Gold Ltd - mineral exploration and development company operating Pakrut gold project in Tajikistan - Revenue in six months to June 30 falls 0.5% year-on-year to $30.7 million $30.9 million. Pretax loss widens to $946,000 from $644,000.
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Coinsilium Group Ltd - Gibraltar-based blockchain and crypto finance - Revenue in six months ended June 30 rises to £138,888 from £79,677 a year earlier. Swings to pretax loss of £1.3 million, however, from £326,608 profit. Net fair value gains on financial assets falls to £162,784 from £792,516.
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Rogue Baron PLC - London-based distiller - Revenue in half year ended June 30 falls to $90,000 from $165,000. Loss narrows to $325,000 from $974,000. ‘The first quarter was one of very subdued trading due to an inability to get stock from Tokyo to the USA as a result of repeated Chinese lockdowns which threw Asian container shipping into chaos. However, when the company finally was able to get stock into the USA progress was made in key markets. In the second quarter, the group sold 689 cases globally,’ Rogue says.
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4basebio PLC - Heidelberg, Germany-based life sciences company - Revenue in six months ended June 30 falls to £152,000 from £179,000 a year earlier. Pretax loss widens to £2.7 million from £1.8 million. ‘We continue to make excellent progress and are pleased to report our first DNA sales in the period. While revenues will remain modest for 2022, we have now made multiple sales and we are confident in the overall commercial prospects of both our synthetic DNA and non-viral vector technology,’ Chief Executive Heikki Lanckriet says.
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