The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:
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Thor Energy PLC - London-based uranium and vanadium explorer - Says pretax loss narrows to £520,000 in its financial year ended June 30, from £1.3 million the year prior. Declares no dividend for the year.
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Pineapple Power Corp - cash shell with a focus on acquisitions in clean and renewable energy sectors - Says pretax loss widens to £238,797 in the first half of 2023, from £186,763 the year prior. Posts no revenue for the period, unchanged from a year ago. Director Claudio Morandi says financial 2023 was ‘solely focused on the search and identification of a suitable acquisition in the renewable or clean energy sector.’
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Orosur Mining Inc - South America-focused minerals explorer and developer - Says net loss for continuing operations widens to $1.7 million in the year ended May 31, from $1.4 million a year ago. Says total comprehensive loss widened to $2.4 million, from $1.4 million. Chair Louis Castro says: ‘During the period, the company focused on exploration at El Pantano and at Ariquemes which have both produced positive results, whilst progressing at Anza with negotiations of its joint venture agreement with MMA and with the formation of the new mining company.’
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Hostmore PLC - West Sussex, England-based owner of casual dining brand Fridays - Says pretax loss narrowed to £10.8 million in the first half ended July 2, from £17.1 million a year ago. Revenue fell 5.0% to £93.6 million from £98.5 million but Hostmore takes a much smaller impairment of property, plant and equipment. Chief Executive Julie McEwan says: ‘The initiatives taken in the first half of 2023 have built a leaner and more focused organisation. As we move through the second half of our financial year, it is encouraging to see the effects of our strategic and operational actions coming through in our results.’ Chair Stephen Walker says: ‘We are pleased that the actions taken have dramatically improved the financial outlook of the business, thereby keeping us on the path to repaying all of our borrowings and initiating shareholder distributions.’
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TruFin PLC - London-based financial technology holding company for niche lenders and early payment providers - Reports that revenue rose to £5.9 million in the first half ended June 30, from £4.3 million the previous year, partially as a result of growth in its subsidiary Oxygen Finance’s core UK early payments market. Says revenue also increased in its Satago, Playstack and Vertus subsidiaries. Says pretax loss widened to £6.2 million, from £4.8 million due to a one-off impairment loss of £1.3 million on its expected sale of its Vertus stake. Chief Executive James van den Bergh says: ‘We have made positive progress during 2023, with growth across the Group. It was pleasing to successfully conclude TruFin’s fundraise in June 2023... The proceeds allowed Playstack to enter into an agreement to develop and licence further games in the Mortal Shell franchise - an exceptional series that the whole team is excited to work on. Playstack’s signing of a further multi-million-dollar, multi-year partnership to develop a series of sequel games based on existing published IP is further testament to the momentum within the business.’
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Supply@Me Capital PLC - fintech platform - Says total loss narrows to £2.6 million in the first half of 2023, from £6.2 million the year prior. Reports revenue of £100,000, compared with no revenue previously. Notes that the revenue is from due diligence fees and platform usage and servicing fees. Says pretax loss from continuing operations narrows to £2.4 million, from £3.6 million. Chief Executive Alessandro Zamboni says: ‘The past six months have been productive for Supply@ME, with our team working tirelessly on several key development workstreams. I am delighted with the progress we have made. We’ve started to build our track record on IMs which have unlocked a significant increase in engagement and interest in the Supply@ME Platform, both in our core markets and further afield. Our pipeline is strong and the experience we have gained continues to streamline the onboarding process.’
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