20th Sep 2022 14:38
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Jadestone Energy PLC - Perth-based oil & gas development company with assets in Australia, Malaysia, Indonesia, Vietnam and the Philippines - Posts revenue of USD225.6 million in the six months to June 30, up 63% from USD138.2 million a year ago, as production increases 51% to 15,008 barrels of oil per day from 9,934. Pretax profit surges to USD87.3 million from just USD11.1 million. Average realised oil price amounts to USD109.52 per barrel of oil equivalent, up 62% from just USD67.70 boe a year earlier. Declares an interim dividend of 0.65 US cents, up 10% from 0.59 US cents a year prior.
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Majestic Corp PLC - Georgia, US-based precious metals recycler - Posts first interim results since the listing on AQSE exchange in March. Revenue amounts to USD12.9 million for the six months to June 30, down 17% from USD15.5 million a year ago. Pretax profit, however, rises by 28% to USD979,777 from USD765,817. Net assets increase to USD7.0 million from USD6.1 million as at December 31. Cost of goods sold decreases to USD11.5 million from USD14.5 million a year ago. Chief Executive Officer Peter Lai says: "Whilst the second half of the year is expected to remain challenging, the board remains cautiously optimistic, despite the difficult conditions for global markets which are unlikely to improve for some time."
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Unbound Group PLC - London-based footwear company, formerly known as Electra Private Equity - Posts revenue of GBP27.6 million in the six months to July 31, up 10% from GBP25.0 million the year before, illustrating "benefits of multi-channel sales model". Pretax loss remains flat at GBP2.1 million. "Unbound has delivered an encouraging first half performance that builds on the momentum of 2021, despite the increased challenges of high inflation and a volatile and unpredictable consumer environment," says Chief Executive Officer Ian Watson.
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Fintel PLC - Huddersfield, England-based technology and support for retail financial services sector - Says revenue climbs by 1.7% to GBP32.2 million for the six months to June 30 from GBP31.7 million a year earlier. Pretax profit grows by 18% to GBP5.9 million from GBP5.0 million. Adjusted earnings before interest, tax, depreciation and amortisation amounts to GBP8.7 million, up 5.0% from GBP8.3 million with adjusted Ebitda margin increasing to 27.0% from 26.1%. Looking ahead, Fintel remains confident of meeting 2022 expectations. Declares an interim dividend of 1.0p per share, unchanged year-on-year.
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Good Energy Group PLC - Chippenham, England-based renewable energy supplier - Swings to pretax loss of GBP750,000 for the six months to June 30, from a profit of GBP4.8 million a year ago, as cost of sales increase to GBP95.4 million from GBP50.6 million. Revenue, however, jumps to GBP107.6 million from GBP68.4 million, driven by "significant price rises throughout the year in response to rising wholesale costs". Declares an interim dividend of 0.75 pence per share, unchanged year-on-year.
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By Xindi Wei; [email protected]
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