The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Alpha Group International PLC - London-based provider of financial solutions to companies - Pretax profit in 2022 grows 42% to £47.2 million from £33.2 million in 2021, citing a ‘successful track record on investment’. Revenue climbs 27% to £98.3 million from £77.5 million. Operating expenses increase 38% to £60.7 million from £44.1 million. Declares a final dividend of 11.0 pence per share, up 38% from 8.0p a year ago. Brings total dividend to 14.4p, 31% higher than 11.0p a year prior. Notes that its operations have been unaffected by uncertainty within the banking sector. Says trading since start of 2023 has been positive and in line with its own expectations. Adds that it is confidence in delivering ‘strong’ revenue and profit growth.
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Atalaya Mining PLC - Cyprus-based copper producer - Pretax profit falls to €32.3 million in 2022 from €159.8 million in 2021, blaming an increase in electricity costs. Revenue declines 11% to €361.8 million from €405.7 million. Operating costs balloon 48% to €306.5 million from €206.6 million. Copper concentrate output falls to 249,543 tonnes from 270,713 tonnes a year prior. All-in sustaining cost per pound of copper increases 36% to $3.37 from $2.48. Trims final dividend by 2.5% to $0.0385 per share from an inaugural payout of $0.0395 a year ago, bringing the total dividend to $0.0745 for 2022. Looking ahead, anticipates improved performance in 2023 amid expected lower electricity prices. Estimates a 2023 copper production of 53,000 to 55,000 tonnes at all-in sustaining cost of $3.00 to $3.20 per pound of copper, compared to 53,323 tonnes at all-in sustaining cost of $3.37 in 2022.
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Genel Energy PLC - Oil company with exploration and production operations in northern Iraq - Pretax loss in 2022 narrows significantly to $7.1 million from $307.8 million in 2021, boosted by higher oil prices as revenue climbs 29% to $432.7 million from $334.9 million. Average Brent oil price increases 42% to $101 per barrel from $71. Declares final dividend of 12 US cents per share, bringing the total to 18 US cents, both unchanged from a year prior. Looking into 2023, Genel continues to see a long-term oil price that is supportive to its business, while ‘remaining resilient to volatility’ faced by the sector.
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Kakuzi PLC - Nairobi-based agricultural company - Pretax profit in 2022
climbs to KES1.22 billion, about £7.6 million, from KES471.6 million a year prior. Sales grow 35% to KES4.43 billion from KES3.30 billion. Proposes dividend of KES24.00 per share, about 15 pence, up from KES22.00 a year ago.
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NAHL Group PLC - Northamptonshire, England-based insurance claims management - Pretax profit in 2022 climbs to £569,000 from £235,000 a year ago, boosted by Personal Injury business. Revenue grows to £41.4 million from £38.9 million. Personal Injury business revenue rises 14% to £24.0 million from £21.0 million. Declares no dividend, unchanged. Says started 2023 with momentum and cautiously optimistic that it is well placed to continue growth and ‘strong’ cash generation. However, notes higher borrowing costs due to increased UK interest rates. Looking ahead, company aims to increase advertising spend on Personal Injury business in 2023, while anticipating strong growth in expert witness services in its Critical Care Unit.
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Tap Global Group PLC - offers regulated crypto app that helps bridge gap between traditional finance and blockchain technology by providing fiat banking and crypto settlement services - Pretax loss in the six months to December 31 narrows to £298,992 from £321,792 a year prior. Turnover remains insubstantial at £40,000, down from £50,000. Administrative expenses decrease to £338,992 from £371,792. Tap Global says it is focused on organic growth of its user base and geographical expansion beyond Europe.
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