The following is a round-up of updates by London-listed companies, issued on Friday and Thursday and not separately reported by Alliance News:
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Financials Acquisition Corp - Cayman Islands-based special purpose acquisition company - Records interest income of £153,051 in the period from August 31 to June 30. This is largely due to share-based payment expenses of £5.9 million. Total expenses amount to £6.4 million.
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MiLOC Group Ltd - Hong Kong-based pharmaceutical and beauty product company - Pretax loss in the first half of 2022 narrows to HK$908,874, around £100,909, from HK$5.0 million a year before. Administrative expenses fall to HK$3.9 million versus HK$6.9 million. Revenue grows to HK$7.7 million from HK$4.0 million. This was attributable to increased revenue generated from the sale of CRUSHMETRIC SwitchPen. Cautions that it might continue to face challenges due to Covid-19.
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Zanaga Iron Ore Co Ltd - iron ore miner focused on Republic of Congo - In the six months to June 30, pretax loss narrows to $526,000 from $733,000 a year before. General expenses rise to $160,000 from $383,000. Says it made a number of ‘significant steps’ in advancing solutions to unlock the key logistical challenges associated its Early Production project.
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Panthera Resources PLC - Africa and India-focused gold miner - Pretax loss for the year which ended March 31, widens to $3.1 million from $2.2 million, year-on-year. Exploration costs jump to $1.4 million from $631,131. Records no revenue, unchanged from a year before. Says it focused on advancing its gold projects in West Africa. Continues to focus on its Bhukia project in Rajasthan, India.
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Aura Energy Ltd - uranium projects in Mauritania and Sweden - Pretax loss in the year which ended June 30 widens to $3.1 million versus $3.0 million, year-on-year. Share-based payments jump to $1.2 million from $767,645. Records no revenue, unchanged from the year prior.
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Barryroe Offshore Energy PLC - oil and gas exploration company - Swings to a pretax loss of €2.3 million in the first half of 2022, from a profit of €1.6 million. This is due to finance income of €3.8 million that was absent in this period. ‘As Ireland grapples to define a secure energy transition plan in the face of the West’s economic war with Russia, the Barryroe Field presents a unique opportunity to develop an indigenous source of oil and gas. Successful development of the Field will not only contribute to Ireland’s energy security and transition to a carbon neutral economy, but will also create significant employment opportunities and provide strategic and fiscal value to the Irish economy, at no cost to the Irish taxpayer,’ Interim Chief Executive Alan Curran says.
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nanosynth group PLC - Nottingham, England-based digital monitoring and safeguarding systems manufacturer formerly known as Remote Monitored Systems - In the six months to June 30, pretax loss widens to £1.8 million from £1.2 million. Revenue drops to £133,116 versus £9,988.
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DP Eurasia NV - Amsterdam-based master franchisee of Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia - Pretax profit for the half-year to June 30 rises 77% to ₺140,000, around £6,567, from ₺79,000 a year before. Revenue rises 21% to ₺1.3 million from ₺1.0 million, ‘reflecting healthy growth’. Continues to trade in line with its formal guidance. Anticipates that full-year adjusted earnings before interest, tax, depreciation, and amortization is going to be above current market expectations, due to inflation.
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San Leon Energy PLC - Dublin-based oil & gas exploration company - Swings to a pretax loss of $8.3 million from a profit of $8.5 million a year before. Attributable to a loss of equity accounted investments of $12.5 million. Registers revenue of $116,000 versus nothing in the prior period. Credits this to receipts in relation to royalties received in respect of legacy interests in the Netherlands.
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Immotion Group PLC - Manchester, England-based virtual reality entertainment company - Pretax loss in the first half to June 30 narrows to £328,000 from £1.1 million a year before. Revenue rises 91% year-on-year from £4.4 million versus £2.3 million. Credits this to the strength of its LBE business. Believes that there are ‘substantial untapped growth opportunities.’
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