The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:
----------
Uru Metals Ltd - Toronto headquartered, mineral exploration and development company - For the year ended March 31, reports loss for the year of $1.2 million from $1.5 million a year prior. Basic and diluted loss per share was $0.72 from $0.91. Uru adds that the directors don’t recommend the proposal of a final dividend. Chair John Zorbas says: ‘The Zeb Nickel Sulphide Project located on the Northern Limb of the Bushveld Complex remains the primary focus of URU, through its 75% interest in Zeb Nickel Corp. and URU’s continuing role as the technical operator of the project...The recent exploration work conducted by Zeb has continued to demonstrate that the project holds one of the largest undeveloped repositories of nickel globally, and future drilling should demonstrate the continuity of higher grade nickelPGE mineralisation in the footwall of the historical nickel sulphide resource.’
----------
Glantus Holdings PLC - Dublin-based provider of accounts payable automation and analytics services - For the six months to June 30, reports revenue of €6.4 million, up from €6.6 million a year prior. Pretax loss is €949,178, narrowed from €1.6 million the previous year. Loss per share is €2.40, compared to €4.09 year-on-year. On August 14, Genesis Bidco Ltd and the board of directors of Glantus said they had reached agreement on the terms of a recommended all cash offer by Bidco, which has been unanimously recommended by the Glantus Board and pursuant to which Bidco, a newly incorporated private limited company wholly-owned by Basware Oy, will acquire the entire issued and to be issued share capital of Glantus. Shares will have their last day of AIM dealings on October 5, following which they will be cancelled on October 9.
----------
Bens Creek Group PLC - Owner of a metallurgical coal mine in the US state of West Virginia - For the year ended March 31, reports revenue of $42.2 million from $5.4 million a year prior. Pretax loss is $24.7 million from $25.3 million the previous year, while basic loss per share is $6.563 cents from $6.165 cents. Adjusted earnings before interest, tax, depreciation and amortisation is $8.1 million from $3.4 million the previous year. Chief Executive Officer Adam Wilsons reflects that the financial year has been ‘difficult’ with a ‘range of problems, mostly outside of our control, including a state of emergency storm in August 2022.’ Maintains, however, that Bens Creek has successfully passed ‘a number of milestones including the establishment of our underground mine, the commencement of rail deliveries and the introduction of a 2nd high wall miner. In addition, we successfully raised £6 million via a placing at 30p per share to fund our transition from contracted to employed staff and to finance our fleet of earth moving equipment, ’yellow goods’.’ Believes the year ahead will show ‘ a substantial improvement’.
----------
APQ Global Ltd - Guernsey-incorporated emerging markets investor - As at June 30, reports book value of $5.6 million, down from $7.2 million at the start of the period. Says the key drive behind the decrease in book value is the foreign exchange losses on the CULS of $2 million. Book value per share in the period decreased to 7.07 US cents from 9.21 US cents. For the six months ended June 30, reports operating loss before tax of $689,121, from loss of $9.8 million year-on-year. Turnover was $6.4 million, up from $5.5 million. No dividends were paid in the period, unchanged from last year.
----------
Challenger Energy Group PLC - Caribbean and America-focused oil and gas company - For the six months to June 30, reports net petroleum revenue of $1.9 million, down from $2.7 million the previous year. Pretax loss is $4.2 million, swung from profit of $4.3 million a year prior. On August 30, Challenger announced a £3.3 million convertible loan note funding facility of which £550,000 has initially been drawn down, with future drawdown of the remainder at the group’s option, subject to certain drawdown conditions. Challenger says this provides it with the cash resources to cover the funding requirements of the group and bridge any funding gaps over the course of the next 12 months.
----------
Copyright 2023 Alliance News Ltd. All Rights Reserved.
