The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Marwyn Acquisition Co II Ltd - Acquisition vehicle - For six months ended December 31, reports pretax loss of £1.2 million, widened from £658,746 a year prior. Total assets amount to £10.0 million, from £11.1 million year-on-year.
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Caledonian Trust PLC - Edinburgh-based property investment and development company - For six months to December 31, swings to pretax profit of £353,000 from £196,000 loss year-on-year. Reports total revenue of £2.2 million, up from £167,000 a year prior.
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Tern PLC - Investor focused on the internet of things - Says that Wyld Networks AB, in which it holds 40% of equity, reports total fourth quarter income of SEK2.5 million, around £195,400, from SEK3.2 million a year prior. Earnings per share loss widens to SEK1.17 from SEK0.56 year-on-year. Wyld launched its satellite Internet of Things network after three years of development work, agreements with over 40 launch partners and an order backlog of SEK 35 million by end of the fourth quarter. This has now more than doubled to SEK 76 million by mid-March 2023, ‘demonstrating significant demand’.
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Online Blockchain PLC - London-based blockchain research and development company - Reports first half pretax profit of £501,000, swung from loss of £468,000 the previous year. Sees revaluation gain from ADVFN investment of £932,000, versus none last year. Revenue fell to £14,000 from £24,000. Online Blockchain expects continued turbulence over the next six months, but remains optimistic about strong media and social platform interest in its Rocky Horror non-fungible token, based on The Rocky Horror Show.
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Roebuck Food Group PLC - Newry, Northern Ireland-based protein and product sourcing company - For 2022, reports pretax profit £217,000, swung from loss of £1.1 million. Revenue was £31.4 million, up from £24.3 million, while cost of sales widened to £30.8 million from £24.1 million a year prior. Roebuck expects average farmgate milk prices in 2023 to weaken versus 2022. However, it still anticipates delivering ‘above average returns’ this year.
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Caracal Gold PLC - East Africa-focused gold producer - Posts first half revenue of £2.4 million, down from £4.4 million a year ago. Reports pretax loss of £3.7 million, widened from £8.4 million. Says work is still ongoing to increase production at its flagship Kilimapesa Gold Mine.
After the period end, the firm told investors that previously planned OCIM financing of $10 million would not be proceeding. As a result, the previously announced Philoro funding was put on hold. Negotiation of the $1.5 million Mill End financing is subsequently still ongoing. Caracal is progressing discussions, including technical and legal due diligence, with several potential financiers in order to provide the funding required to complete the Kilimapesa expansion project.
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