The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:
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ProBiotix Health PLC - Wakefield, England-based developer of probiotics to tackle cardiovascular disease and other lifestyle conditions - In 2023, pretax loss widens to £762,000 from £221,000 the previous year. Revenue rises 28% to £1.7 million from £1.3 million. Total administrative expenses increases 60% to £1.6 million from £1.0 million. Company has begun testing its proposition in the Chinese and South Korean markets, where there is ‘positive interest’. Chief Executive Officer Steen Andersen says: ‘We have continued to develop a business on becoming a solutions provider of finished probiotic products in consumer formats, both under our own brands and partner private labels, with the objective of building ProBiotix into a £10 million turnover company in the years ahead.’
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Oakley Capital Investments Ltd - Bermuda-registered pan-European private equity investor - Announces that its Fund IV will sell stake in idealista SAU, an online real estate classifieds platform, to Cinven Ltd. Based on March 31 valuations, expects proceeds to be £70 million.
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Kistos Holdings PLC - UK-based energy company focused on low carbon-assets - Trials which started in May confirm the ability to increase working gas capacity at the Hill Top Farm gas storage facility by 24% to 22 million therms from 17.8 million therms. Findings likely to increase revenue.
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Phoenix Digital Assets PLC - London-based investor in blockchain assets - In 2023, company swings to pretax profit £20.1 million from £9.4 million pretax loss a year prior. Fair value movements in digital assets and tokens move up to £25.6 million from £5.5 million loss previously. Total assets under management rises 84% to £46.1 million from £25.1 million.
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Proton Motor Power Systems PLC - London-based maker of fuel cells and electric hybrid systems - In 2023, pretax loss narrows to £14.5 million from £18.9 million the year before. Revenue largely unchanged at £2.1 million. Cost of sales falls 21% to £1.7 million from £2.1 million. Company today announces new €12 million loan facility with Falih Nahab. Chief Executive Officer Faiz Nahab says: ‘The group’s principal objective is to expand volume manufacturing, initially through the investment in new premises, and beyond that with industrial partners based on licence agreements and mutually beneficial cooperations, such as joint ventures.’
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Altona Rare Earths PLC - Africa-focused resource exploration and development company - Raises approximately £1.3 million. £390,000 raised through subscription of 39.0 million shares at one pence each. Raises £900,000 in debt through two new loan agreements of £600,000 and £300,000. Tracarta Ltd contributes £300,000 to the subscription and £600,000 as loan.
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