The following is a round-up of earnings and trading updates for London-listed companies, issued on Friday and not separately reported by Alliance News:
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AdvancedAdvT Ltd - London-based owner of software for business solutions, healthcare compliance, and human capital management businesses that were formerly part of Capita PLC - Expects revenue for the six months to August 31 of £19.5 million, and adjusted earnings before interest, tax, depreciation and amortisation of £4 million. Adds that trading is in line with the board’s expectations. Records net cash and investments on August 31 of £108.3 million. Executive Chair Vin Murria says: ‘We continue to experience positive momentum, with all the acquired units benefiting from the operational and financial actions implemented since acquisition...Whilst we see numerous opportunities for organic business growth, particularly with AI, automation and SaaS offerings, we remain committed to exploring acquisition opportunities to expand the group.’
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abrdn European Logistics Income PLC - investment trust, which backs European warehouse properties - Posts net asset value per share as at June 30 of 89.3 euro cents, down from 93.4 cents as at December 31. Net asset value total return is negative 0.8% for the six months ended June 30, compared to negative 17.1% for the year ended December 31. Declares an interim dividend per share of 1.41 cents, down from 5.64 cents at December 31. Total assets come to €667.4 million, compared to €758.2 million a year prior. Looking ahead, says prospects for the logistics sector have now significantly improved.
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Aquila Energy Efficiency Trust PLC - London-based closed-ended investment company, focusing on small to medium-sized energy efficiency projects - Posts NAV per share as at June 30 of 95.08 pence, up from 94.28p as at December 31. NAV total return is positive 0.9% for the six months to June 30, compared to 0.3% for the second half of 2023. Net assets come to £77.4 million, from £94.3 million. Additionally, Aquila Energy declares a dividend of 6.14p, which it says is in addition to future tender offers. Adds that it intends to continue with future tender offers as soon as sufficient realisation proceeds are received.
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Arkle Resources PLC - lithium, zinc and gold exploration company with projects in Botswana, Zimbabwe and Ireland - For the six months ended June 30 Arkle posts a pretax loss of €158,000, widened from €33,000 a year prior. Company records no revenue, and attributes its wider loss to a decreased profit on the fair value of warrants. The fair value of new warrants granted falls to €106,000 at June 30, compared to €117,000 at December 31.
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