The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
Ixico PLC - London-based precision analytics company working to advance investigational therapies for neurological diseases - Revenue for the year that ended on September 30 falls 23% to £6.7 million from £8.6 million the year before. Company swings to £1.4 million pretax loss following a £885,000 profit. Total operating expenses increase to £5.1 million from £5.0 million. Ixico says revenue drop was expected and caused by the now-realised impact of clients ceasing multiple large ‘failed’ trials across 2021 and early 2022. Expects to deliver roughly flat revenue in the current financial year before returning to growth in 2025.
----------
Supply@Me Capital PLC - London-based fintech platform provider - Says it has so far received £1.4 million from The AvantGarde Group SpA as a result of contractual payments. An additional £1.5 million remains outstanding. Also says it has made significant progress in the formalisation of its first White-Label IM agreement with an Italian banking group with a transaction valued at up to €10 million. Company is also working to finalise a framework to issue security tokens up to $100 million to be subscribed in tranches.
----------
Lindsell Train Investment Trust PLC - London-based, rail-focused investment trust - Net asset value at September 30 is £968.75 per share, down from £1,056.95 at March 31. NAV total return for the six months to September 30 is negative 3.6%, underperforming the MSCI World Index with positive 4.5%. Says performance was impacted by high interest rates and inflation, and believes it may have to reduce its dividend. Notes reduced investor risk appetites and increased market volatility.
----------
Marechale Capital PLC - London-based corporate finance adviser - Revenue for the half year that ended on October 31 increased 91% to £320,603 from £168,001. Cost of sales more than doubles to £226,790 from £95,981. Pretax loss narrows to £155,803 from £179,502. Marechale says market is still challenging, especially in the hospitality sector, but that it remains positive about the outlook for its investments.
----------
Anglesey Mining PLC - Base metals miner with operations in North Wales, Sweden and Canada - Says drilling of the NCZ001 hole in the Northern Copper Zone at its Parys Mountain project on the Isle of Anglesey commenced on October 27, and is expected to complete over the next week. Expects results in the first quarter of 2024. Says initial logging suggests sulphide mineralisation commencing at around 350 metres deep. Chief Executive Jo Battershill says initial core is ‘very encouraging’ as ‘we are seeing a significant amount of quartz veins within the system..[which] contain encouraging amounts of chalcopyrite, sphalerite, and galena – the key minerals that host copper, zinc and lead.’
----------
Psych Capital PLC - London-based psychedelic medicines media firm and investor - Oscillate PLC continues to own 46.0 million shares in Psych, representing 12.75% of its issued share capital, following Psych’s acquisition of Short Wave Pharma Inc which completed in November. Oscillate says it will continue to assess the investment to ascertain an exit opportunity. Says it meanwhile remains ‘optimistic at the advances that the Short Wave acquisition represents in the innovative psychedelics space.’ Oscillate also says that trials are due to start in the first quarter of 2024.
----------
Solid State PLC - Redditch, England-based supplier & design-in manufacturer of computing, power, and communications products - Pretax profit for the six months to September 30 is £6.1 million, up 45% from £4.2 million the prior year. Revenue increases 48% to £88.1 million from £59.4 million. Company declares 7.0 pence per share interim dividend, up 8% from 6.5p the year before. Says it is confident in meeting expectations for full-year results thanks to ‘record billings’ and a ‘stable six-month order book’. Open order book at October 31 stood at £108.6 million, slightly down from £112.5 million at September 30, 2022.
----------
Copyright 2023 Alliance News Ltd. All Rights Reserved.
