The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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BSF Enterprise PLC - London-based biotechnology investor and owner of UK tissue engineering company 3D Bio-Tissues - Pretax loss for year to September 30 widens to £1.6 million, following £929,432 the year before. Sales increase to £12,942 from zero, incurring £71,324 in cost of sales. Administrative expenses increase to £1.6 million from £927,322. Earnings per share fall to 1.59 pence from 2.06p. Cash and equivalents total £2.3 million at end of year, up from £1.1 million at the same time one year prior. Cash balance is £1.6 million on Wednesday. Managing Director Che Connon says BSF is ‘making great strides towards our strategic goals’, its strategy being ‘to develop BSF into an ecosystem of industry-leading bio-tech companies that can bring transformative products to healthcare, fashion and cellular agriculture markets’.
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Blencowe Resources PLC- Developer of the Orom-Cross graphite project in Uganda - Pretax loss for the year to September 30 widens to £1.4 million, from £1.1 million the prior year. Administrative expenses increase to £1.3 million from £681,488. Says it incurred £1.2 million in capitalised exploration costs, down from £1.4 million and in line with board expectations. Cash balance as of September 30 is £129,853, down from £346,994 one year previously.
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Intuitive Investments Group PLC - investment company focused on the life sciences and technology sectors - NAV per share as of September 30 is 12.04 pence, down 33% from 17.95p at the same time one year prior. Says it is well positioned to deliver growth in shareholder value over the coming months, following its ‘transformational’ investment in Hui10 Inc, which has interests in two operating business ‘involved in the digital transformation of the Chinese lottery’. Adds that 2023 ‘was a transformational year for IIG and lays the foundations for further progress in 2024’. Loss for the year to September 30 widens to £3.2 million from £1.2 million the prior year, with deficit increasing to £2.5 million from £1.1 million. Cash at year end totals £1.7 million, up from £1.6 million. Earnings per share increase to 4.13p from 2.01p.
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New Energy One Acquisition Corp PLC - London-based special purpose acquisition company seeking target within energy transition sector - Reports £3.3 million pretax loss for six months to October 31, narrowed from £8.0 million the previous year. Administrative expenses increase to £1.9 million from £397,254. Finance expenses decrease to £989,067 from £4.8 million. Loss per share narrows to 0.56p from 1.29p. Company has £2.1 million cash and equivalents as of October 31, up from £1.2 million on the same day in 2022. Chair Volk Beckers says the half year ‘saw significant momentum, both legislative and corporate action, in energy transition related businesses’. Adds, however, that ‘UK public equities markets have been challenging and investor appetite for new issuances remains an obstacle to NEOA’s ability to effect a business combination.’
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Sylvania Platinum Ltd - platinum group metals producer and developer with assets in South Africa - Records no lost-time injuries in the second quarter which ended on December 31. Reports $20.9 million in net revenue, up from $19.7 million in the first quarter. Net profit decreases 13% to $1.6 million from $1.8 million. Group earnings before interest, tax, depreciation and amortisation increase to $4.4 million from $2.8 million. Company says it maintains strong cash reserves to fund its expansion and joint venture initiatives. Thaba JV project is progressing on schedule, with construction of earthworks and civil works package having started in December. Says that Sylvania Dump Operations produced 18,232 4E platinum group metal ounces, down 10% from 20,173 4E ounces in the first quarter but in line with guidance.
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