The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Beowulf Mining PLC - London-based mining company with iron ore, graphite, gold and base metal projects in Sweden, Finland and Kosovo - Reports consolidated loss of £2.9 million for 2023, widened from £2.0 million in 2022. Says this was due to administrative expenses rising to £2.5 million from £1.8 million. Company had cash balance of £905,555 at December 31, down year-on-year from £1.8 million. Says it is ‘making excellent progress across its three business units’. Company also notes award of the Parkijaure nr 8 exploration permit, situated south of the Kallak project in Sweden. Says permit is prospective for iron ore mineralisation.
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Mineral & Financial Investments Ltd - investment company focused on the natural resources sector - Announces results of recent high-resolution gravity survey completed by Redcorp Empreedimentos Mineros Lda and Ascendant Resources Inc over the Venda Nova North and South deposits at the Lagoa Salgada VMS project in Portugal. Says Ascendant and Redcorp have identified four new high-priority targets near existing deposits. Adds that results indicate possibility of rapidly expanding the mineralisation deposits, and enhance the recent feasibility study.
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Silver Bullet Data Services Group PLC - London-based marketing services provider - Says in trading update for 2023 that total group revenue increases 42% to £8.3 million from £5.8 million, with revenue from 4D AI rising 85% to £2.8 million from £1.5 million. Says an expanding number of global brands are adopting AI-driven marketing models. Chief Executive Officer Ian James says results ‘show strong, sustained growth on the backdrop of a once in a generation shift to data and AI driven marketing transformation’. Also reports strong start to current year, and says it continues to move towards achieving positive adjusted Ebitda. Overall bookings for the year have already surpassed £5 million.
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