The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Fadel Partners Inc - New York-based media rights and royalty management software developer - Revenue up 10% to $14.5 million in 2023 from $13.2 million a year earlier. ‘We have had an encouraging start to 2024 with strong bookings in Q1, however in line with an acceleration towards SaaS revenue by virtue of expected growth in the Brand Vision and LicenSee product lines, we now expect that reported revenue for 2024 will be behind previous market expectations. Revenue from our SaaS offerings will be an increasingly important key financial reporting metric for the Company,’ says Chief Executive Tarek Fadel.
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Strip Tinning Holdings PLC - Birmingham, England-based provider of connection systems to automotive sector - Revenue in 2023 rises to £10.8 million from £10.2 million a year earlier. Pretax loss narrows to £1.7 million from £5.5 million. Looking ahead, notes ‘strong momentum already demonstrated in 2024.’ Anticipates securing further major programmes across its Battery Technologies and Glazing product lines throughout 2024, with a significant new Cell Contact System win for the Battery Technologies division expected in the first half of the year. Executive Chair Adam Robson comments: ‘We are delighted with the progress we have made in stabilising our operations during FY23, driven by the improvements and reorganisations implemented in 2022 and into 2023.’
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Amicorp FS (UK) PLC - international specialist fund services group - Revenue increases by 7.6% to $12.8 million in 2023 from $11.9 million a year earlier. Pretax profit falls to $653,000 from $3.1 million. Payroll and remuneration costs increase to $7.2 million from $5.4 million; other operating expenses increase to $1.6 million from $692,000. Looking ahead, says outlook ‘remains positive.’ Non-Executive Chair Toine Knipping says: ‘Following our successful move to the London Stock Exchange in June 2023, I am pleased to report on progress across the business for our maiden set of full year results. During the past twelve months, AMIF achieved a number of important strategic milestones, including continued geographic expansion with new office opened in Brazil, completion of demerger in Luxembourg and application for licences to operate in Dubai and Astana.’
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Sivota PLC - investor in later-stage Israeli technology firms - Revenue in 2023 falls to $5.6 million from $5.9 million a year earlier. Pretax loss widens to $12.3 million from $5.1 million. Looking ahead, Sivota says: ‘Sivota remains well-positioned to capitalise on new and attractive investment opportunities within the Israeli technology marketplace. Although, we remain cognisant of the heightened risk in technology markets in general and the company’s target market.’
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African Pioneer PLC - natural resource explorer and developer focused on Sub-Saharan Africa - Total income in 2023 comes in at £34,799, swinging from a loss of £70,926 a year ago. Pretax loss widens to £689,213 from £670,871. Administrative costs climb to £724,012 from £599,965.
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Kanabo Group PLC - London-based healthcare technology and cannabis company - Revenue increases by 48% to £895,000 in 2023 from £603,000 a year earlier. Pretax loss narrows to £8.0 million from £8.9 million. CEO Avihu Tamir says: ‘Looking ahead, the future of Kanaboo is filled with promise and potential. We believe that our recent achievements position us well and setting the foundations for our growth in 2024 and beyond. We are confident in our ability to build a scalable business that meets our sector’s demand and to seize growth opportunities.’
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Hamak Gold Ltd - mining exploration and development company operating in Liberia - Operating loss narrows to $660,000 in 2023 from $3.7 million a year ago. Pretax loss narrows to £684,000 from £3.7 million. Executive Director Karl Smithson says: ‘The next phases of work will include detailed mapping and further trenching and channel sampling to help prioritise new drill targets aimed at intersecting gold mineralization that is clearly associated with the extensive 3km gold in soil anomaly and progress the Ziatoyah gold discovery towards the objective of resource status.’
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MetalNRG PLC - London-based natural resources and energy-focused investor - Operating loss narrows to £1.6 million in 2023, from £1.7 million a year earlier. Pretax loss narrows to £1.5 million from £2.2 million.
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daVictus PLC - Subang Jaya, Malaysia-based investor, which is focused on Asia’s food and beverage sector - Revenue in 2023 falls to £300,00, from £411,358 a year earlier. Pretax profit falls to £90,396, from £228,628. ‘Following a period of evaluation, we have found that providing restaurant management services represents a viable opportunity for revenue diversification. This strategic shift allows us to leverage our industry expertise and create additional value for our company,’ daVictus says. Looking ahead, says ‘remain cautiously optimistic about the future.’
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Anglo-Eastern Plantations PLC - Indonesia and Malaysia-focused palm oil and rubber producer - Revenue in 2023 falls 17% to $371.0 million from $447.6 million a year earlier. Its pretax profit falls 41% to $77.8 million from $132.9 million. Explained that the fall is due primarily to the lower production and lower CPO prices. Anglo-Eastern lifts its annual dividend to 30.0 cents, from 25.0 cents.
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