The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Dalata Hotel Group PLC - Dublin-based hotel chain - Revenue in 2020 jumps to €558.3 million from €192.0 million in 2021. Swings to pretax profit of €109.7 million from €11.4 million loss. Revenue per available room, a key metric for hotel companies, surges to €102.23 from €40.02. Revenue, pretax profit and revPAR top 2019 levels of €429.2 million, €89.7 million and €93.43, respectively. ‘The group remains cautiously optimistic on its outlook for 2023. Dalata’s like for like revPAR for January/February is expected to be 17% ahead of 2019 levels in Dublin, 54% in Regional Ireland and 27% in the UK,’ company adds. Plans to reintroduce ‘progressive dividend policy’, starting with interim payout in first-half.
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Karelian Diamond Resources PLC - exploration company focused on Finland and Northern Ireland - Swings to pretax loss of €168,786 for six months ended November 30, from profit of €99,165 a year prior. Previous year’s interim outcome benefitted from €270,496 boost from movement in value of warrants. Highlights received date for proceedings meeting of National Land Survey for Lahtojoki diamond deposit as a key event during the half. ‘We are very pleased that the National Land Survey’s procedures regarding the Lahtojoki diamond deposit in Finland, which were crucial to the development of a mine, have been concluded and that the company now has land possession and that in Northern Ireland prospecting licences have been granted in relation to the company’s highly interesting nickel, copper and platinum exploration,’ Karelian says.
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Conroy Gold & Natural Resources PLC - gold exploration and development company focused on Ireland and Finland - Pretax loss in six months to November 30 narrows to €103,577 from €278,699 a year earlier. Gets €257,050 from value changes in warrants, compared to a €14,750 benefit a year earlier. Hails recent discoveries, including a find of up to 123.0 grammes of gold per tonne in a newly discovered area of gold mineralisation in Longford-Down Massif, Ireland.
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Milton Capital PLC - cash shell looking for targets in field of technology - Pretax loss in year to January 31 amounts to £98,985. Loss stems from administrative expenses of £96,485 and finance expenses of £2,500. Milton Capital listed on London’s Main Market in October, after sealing a £1.0 million fundraise. It raised £1.0 million through the issue of 100,000 shares at £0.01 each.
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