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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Zinc Media Group PLC - Edinburgh-based television and multimedia content producer - Wins a £7.3 million two-year contract, its largest ever television commission, from Channel 5. Says the contract is for Zinc’s factual television label Red Sauce to produce 136 hours of the show ’Bargain Loving Brits’, to be broadcast in 2023 and 2024. Expects revenue of £5 million in 2023, with the remainder in 2024. Chief Executive Officer Mark Browning says: ‘This commission represents another milestone for Zinc and is illustrative of the momentum building inside this group.’
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Numis Corp PLC - London-based investment bank - Says continues to deliver a resilient performance through the market cycle with revenue for the first half of financial 2023 expected to be in the region of £64 million, about 14% below the comparative period. Expects Equities division revenue to be lower than the comparative period following a good start to the year. In December, Numis reported that pretax profit fell by 72% to £20.9 million in the financial year that ended September 30 from £74.2 million a year prior. Revenue fell 33% to £144.2 million from £215.6 million last year.
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EnSilica PLC - Oxfordshire, England-based semiconductor designer and supplier with design centres in India and Brazil - Wins a $2.4 million contract with an unnamed existing customer to develop a TSMC 12-nanometre FinFET ASIC using multiple high-speed Ethernet network interfaces. Says the contract revenue spans the current and next financial year of the company ending on May 31. Chief Executive Officer Ian Lankshear says: ‘We are delighted to have been awarded this further contract with a valued EnSilica customer; strengthening our ongoing association with them and demonstrating their continuing confidence in our design and delivery capabilities.’
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Petro Matad Ltd - Isle of Man-based, Mongolia-focused parent company of a group focussed on oil exploration and which owns and operates two production sharing contracts with the Mongolian government - Says the spud date for Velociraptor 1 well is scheduled for June 2023. Starts negotiations with the Mongolian government for a new block in Mongolia’s 2023 exploration tender round. CEO Mike Buck says: ‘As shareholders will know, we have wanted to drill Velociraptor for some time now and so we are very excited to have agreed a firm schedule with the drilling contractor. The necessary preparatory work is already underway and all equipment for the well is in country ensuring we are ready to spud in June.’
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