The following is a round-up of earnings for London-listed companies, issued on Friday and not separately reported by Alliance News:
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One Health Group PLC - Sheffield-based provider of NHS-funded medical procedures - Pretax profit increases by 41% to £845,301 during the six months that ended September 30 from £559,608 a year before. Revenue improves 20% to £13.3 million from £10.9 million, while cost of sales rise by the same 20%, to £11.0 million from £9.0 million. Declares an interim dividend of 2.07 pence per share, up 2.0% year-on-year from 2.03p. New patient referrals increased 25% to 7,857 from 6,091 last year. ‘These referrals include a continuation of NHS patients transferring to One Health to local trusts to help them reduce their internal waiting lists,’ CEO Adam Binns says. ‘The trust transfer activity is in addition to patients received through the traditional route by choosing to be referred to One Health through ’Patient Choice’ after visiting their GP. We are very pleased with performance in the first half of the year and expect to achieve our year-end forecasts’. One Health expects to reach a full-year revenue and margin benefit of around £750,000 and £275,000 respectively. Broker Panmure Liberum forecast full-year pretax profit of £1.9 million, which would be up 53% from £1.1 million last year, and revenue of £27 million, up 16% from £23.0 million.
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Mobile Streams PLC - London-based mobile gaming content provider - Pretax loss narrows to £947,000 for the year that ended June 30 from £2.8 million the year before. Revenue falls to £436,000 from £1.8 million, largely due to the loss of Streams Data revenue after the completion of its International Gaming Systems partnership on June 30, 2023. Cost of sales is reduced to £48,000 from £1.8 million, while administrative expenses are cut by 32% to £1.6 million from £2.2 million. The firm reports no impairment of goodwill, compared to a £360,000 such expense last year, though this is mostly cancelled out by a £305,000 charge on impairment of intangibles, compared to none a year before. ‘Looking ahead to 2025, the board has put together a strategy that we believe is both exciting and achievable and therefore we are confident that, subject to the continuing development of the BET business, the level of trade in this new business segment will continue to build significantly,’ says Chair John Barker.
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MOH Nippon PLC - crowdfunding for real estate investment in Japan - Pretax profit plummets to JP¥235.1 million, or £1.2 million, during the six months that ended September 20, from JP¥2.16 billion a year before. This is a result of a one-off JP¥1.34 billion expense related to the group’s readmission to the Official List of the UK Financial Conduct Authority and listing on London Stock Exchange’s Main Market in August. Acquisition costs were JP¥82.9 million, compared to none the year before, after the reverse takeover of Japanese crowdfunding services provider Minnadeooyasan-Hanbai Co Ltd. Revenue falls 21% to JP¥4.00 billion from JP¥4.93 billion last year, while cost of sales inflates to JP¥1.80 billion from JP¥30.3 million. Administration expenses, however, reduce to JP¥546.3 million from JP¥2.80 billion. Chief Executive Officer Hoken Yanase says: ‘We are pleased with the rate of progress we have achieved in the short time since readmission, including the successful launch of Minnadeooyasan Soemon-cho by private Minnadeooyasan brand and platform. During the second half of the year, we are looking to explore new real estate development opportunities in Canada.’
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OPG Power Ventures PLC - Isle of Man-based developer and operator of power plants in India - Pretax profit rises 4.8% in the six months that ended September 30 to £4.3 million from £4.1 million the year before. Revenue surges 22% higher to £86.9 million from £69.9 million, and cost of sales increases 16% to £69.2 million from £59.2 million. Distribution costs multiply to £6.9 million from £853,886 and general & administrative costs inflate 18% to £3.6 million from £3.0 million. Non-Executive Chair N Kumar says: ‘OPG’s business model is robust and strategic to the opportunities in the Indian Power sector. The trend in FY24 continued in GY25 with the supplies to state electricity boards through long-term and short-term contracts. The continued stability in coal prices enabled the company to sustain margins.’
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Indus Gas Ltd - oil and gas explorer and developer with assets in India - Pretax profit plummets to $1.2 million in the six months that ended September 30 from $22.6 million a year before, due to revenue also falling to $2.3 million from $26.2 million. Cost of sales is down to $651,992 from $3.2 million, while administrative expenses rise 13% to $440,812 from $385,179. The group is currently seeing disruption to the quantity of gas supplied to its ultimate customer’s power plant, due to turbine maintenance at the plant. Indus will seek external funding while the disruption continues. Three of Indus’ fields are currently being sold to Gail India Ltd, which has been taking a lesser quantity of gas since February 2024. ‘The group is following up with Gail through the operator for an increase in gas off take,’ says Chair Jonathan Keeling.
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Panthera Resources PLC - gold exploration and development company that owns multiple assets across India and West Africa - Pretax loss for the six months that ended September 30 widens to $1.1 million from $1.0 million the year before, as exploration costs multiply to $520,191 from $167,368. Administrative expenses are up 9.1% to $483,731 from $441,737. Panthera reports no revenue, unchanged from the year before. ‘During the half year, the company has continued its focus on realising value from its investment in the Bhukia gold project in Rajasthan, India. Following unsuccessful negotiations with the government of India, the company has moved quickly to enforce its rights under the Australia-India bilateral investment treaty. In July 2024, the company submitted the notice of arbitration to India and more recently announced that the arbitration tribunal has been constituted as well as details of the first arbitral tribunal hearing. In 2025, the company expects to settle the calendar for the arbitration proceedings, including the lodgement of the statement of claim.’
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Amala Foods PLC - cash shell - Pretax loss widens to £95,254 during the six months that ended September 30, from £39,602 the year before. No revenue is generated, unchanged from last year, and administrative expenses grow 21% to £49,054 from £39,602. Directors continue to seek opportunities for a reverse takeover.
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