The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Dekel Agri-Vision PLC - West Africa-focused agriculture company, with portfolio of projects in the Ivory Coast at various stages of development - Reports fresh fruit bunch volumes processed in February fall 31% to 9,418 tonnes from 13,683 tonnes a year prior. Crude palm oil sales reduce 43% to 2,102 tonnes from 3,660 tonnes. CPO production falls by 28% to 2,198 tonnes from 3,057 tonnes. However looking ahead, company says that fresh fruit bunches have ‘improved materially over the past 2 weeks’. It adds that CPO prices remain close to record levels of €984 per tonne.
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DX Group PLC - Slough, England-based logistics company - Opens two new depots in Berkshire and Wiltshire, which DX says will serve its Express division, particularly Parcels operations. Explains that the new site openings are part of its ongoing £20 million to £25 million investment programme planned, with the sites planned to open during the current financial year ending July 1. Chief Executive Officer Paul Ibbetson says: ‘Our parcels activity has grown significantly in the last two years, and these new depots will increase capacity, improve efficiency and enhance the division’s customer service levels.’
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Molecular Energies PLC - Argentina and US-focused oil and gas production company, with additional exploration assets in both Argentina and Paraguay - Notes Argentinian subsidiary President Petroleum SA posts annual pretax profit of over $19 million for 2022. Meanwhile, Molecular’s exploration well in Paraguay remains on track to spud in May.
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Neometals Ltd - minerals and materials project development company - Pretax loss in the first half of financial year 2023 to December 31 balloons to A$13.7 million from A$3.5 million a year prior. Basic interim loss per share widens to 2.34 Australian cents from 0.52 cents a year ago.
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Symphony Environmental Technologies PLC - Hertfordshire-based developer of sustainable plastics and rubber - Expects 2022 revenue at £6.2 million, downgraded from its previous expectation of £6.5 million. Meanwhile, receives a £1 million loan from Sea Pearl Ventures Ltd. Company adds that the hearing date at the general court of the EU in Luxembourg has been set for next week Monday. The hearing is in regards to Symphony’s case over the EU’s single use plastics directive. In December 2020, Symphony said that it ‘has been advised by three barristers, all experts in EU law, that this part of the directive is confusing and illegal’. The legal action is for financial damages against the Commission, Parliament and Council of the EU, Symphony explains.
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Tern PLC - Investor focused on the internet of things - Receives SEK9.2 million order, about £700,000, from a South African company for the Wyld Data service, of which it holds 40% equity. The customer is a company focused on deploying soil moisture sensors to optimise irrigation and automate scheduling systems for agriculture. Further, Tern notes it has no exposure to or relationship with Silicon Valley Bank or SVB UK. It adds that it does not expect the exposure of portfolio companies to SVB to have a significant impact on its net asset value.
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