The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
CML Microsystems PLC - Essex, England-based developer of mixed-signal, radio frequency and microwave semiconductors for communications markets - In the financial year to March 31, pretax profit falls 22% to £2.5 million from £3.2 million a year prior. Revenue, however, rises 11% to £22.9 million from £20.6 million. ‘Macro headwinds and over-stocked inventory levels within some customers subdued profitability for the year,’ says Managing Director Chris Gurry. CML recommends unchanged final dividend of 6.0 pence per share, leaving total payout unaltered at 11p per share. Says revenue contribution from MwT has been very positive and above management expectations. ‘Although the mixed demand environment is expected to continue in the current financial year, the strength of our balance sheet and deep customer relationships enables us to confidently invest, delivering the optimal return for all stakeholders in both the medium and long term,’ Gurry adds.
----------
Central Asia Metals PLC - copper, zinc and lead explorer, which operates in both Kazakhstan and North Macedonia - Announces the release of its public disclosure document with respect to management of the tailings storage facilities at the Sasa zinc-lead mine in North Macedonia. Publication brings CAML in conformance with the global industry standard on tailings management. Adoption of GISTM is not a legal requirement but is required of members of the International Council on Mining & Metals.
----------
BATM Advanced Communications Ltd - Israel-based provider of technology for networking solutions and medical laboratory systems - Signs strategic partnership and cooperation agreement with a global technology, engineering and defence group to deliver the group’s cybersecurity solution to commercial markets. Notes the unnamed partner generated revenue of over $10 billion in 2023 and serves customers in more than 100 countries. Over the next two years, BATM says it will receive a minimum of $2.1 million from the partner for the product customisation phase and provision of an initial quantity of units, which will be delivered in three phases over the two years. The group is due to commence delivering the units by the end of the first half of 2025. BATM calls the deal a ‘fantastic endorsement of our solution’.
----------
CleanTech Lithium PLC - Chile-focused lithium exploration and development company - Announces results of a plant location study completed as part of the ongoing pre-feasibility study for the Laguna Verde Project, which is due to complete later this year. The study evaluated the optimal plant location configuration for the project. It provided a trade-off analysis between locating the entire plant at Laguna Verde versus splitting plant facilities between Laguna Verde and the nearby mining centre of Copiapo. The option of locating the DLE plant and eluate concentration stages at the Laguna Verde site, and the carbonation plant at Copiapo is highly favourable, resulting in the decision to proceed with this option, CleanTech says. The PFS, now due for completion before the end of the fourth quarter, will include updated capex and opex estimates and will further determine the optimal production development strategy.
----------
Impact Healthcare REIT PLC - London-based owner of care homes and other healthcare properties - Exchanges contracts for the sale of five non-core care homes for £8.8 million, in line with the latest valuation of these homes as at March 31. Three of the care homes are in East Yorkshire, one in Llandudno and one in Wrexham. Impact acquired the five care homes as part of its initial public offer seed portfolio in May 2017. ‘The homes have either had a history of relative under-performance, have low [energy performance certificate] scores or are smaller than the ideal size for a care home,’ Impact says. Following the sales, Impact will own 135 properties.
----------
Ilika PLC - Romsey, England-based solid-state battery technology company - Ships first batch of prototype Goliath batteries for customer testing by a tier 1 automotive company. In May, Ilika announced it had commenced in-house testing of its P1 Goliath prototype batteries in a customer-sponsored programme. The first batch have now been shipped for their external validation.
----------
Caspian Sunrise PLC - Kazakhstan-focused oil and gas exploration and production company - Updates with news of well testing and preparations for the Caspian Explorer’s imminent charter. At Well 155, drilling has been completed and oil detected over a 22 meter interval. At Well 803, oil has been detected over a 60 meter interval between 3,360 meters and 3,420 meters, above expectations and also above the main salt layer. Testing is underway across an 11 meter interval. Well 815 has been spudded, Caspian says. Further, says final preparations for the charter for a consortium led by ENI are underway and the Caspian Explorer is expected to leave the port of Aktau later this week to allow drilling to commence as planned in early July. Drilling is expected to take two months to complete.
----------
Bezant Resources PLC - copper and gold exploration company with projects in Africa, South America and the Philippines - IDM International Ltd, to which Bezant sold its interest in the Mankayan Copper Gold project in the Philippines, provides update. IDM says prefeasibility drilling at Mankayan is complete. Bezant Chair Colin Bird says update demonstrates the ‘professional and diligent manner in which management in the Philippines supported by IDM are developing the Mankayan project’.
----------
Gem Diamonds Ltd - diamond miner in Lesotho and Botswana - recovers a 123.20 carat type II white diamond from its Letseng mine in Lesotho. ‘This is the eighth greater than 100 carat diamond recovered in 2024,’ it says.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
