30th Jun 2022 14:06
(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Carclo PLC - West Yorkshire-based engineering for medical, optical and aerospace industries - Posts lower profit in financial year ended March 31. Pretax profit falls to GBP5.9 million from GBP6.7 million a year ago. Revenue, however, grows to GBP128.6 million from GBP107.6 million. Cites cost inflation and logistics delays. Says firm counters inflation by passing on price increases.
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Goldstone Resources Ltd - Jersey, UK-based gold development company with projects in West Africa - Pretax loss widens to USD1.5 million in 2021 from USD610,095 in 2020. Says gold production in 2022 has been impacted by diesel availability. Lowers expectation to stack 450,000 tonnes of ore by the end of the year, down from 550,000 it expected in March. Firm reported losing USD350,000 worth of gold in a robbery. Goldstone earlier in June said trading of its shares was suspended following an armed robbery at its Homase site. Around USD350,000 worth of gold was stolen, but the company said that the loss is not expected to have a material impact on the financial performance.
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Harvest Minerals Ltd - London-based fertiliser producer - Posts higher loss in 2021 as sales of its direct application fertiliser surge. Pretax and net loss widen to USD4.2 million from USD3.3 million in 2020. Revenue from fertiliser sales grow to USD4.9 million from USD2.0 million. Impairment exploration expense widens to USD3.3 million from USD956,918. Fertiliser sales surge to 47,339 tonnes the second quarter of 2022, from 17,854 tonnes in the same period a year ago. First-half sales jump to 117,539 tonnes from 26,726 tonnes. "The first half of 2022 has seen the growth of our organic fertiliser business accelerate at an astounding rate, marking one of our most successful periods since operations began," says Chair Brian McMaster. Company sees "continued strong activity of the agricultural sector in Brazil".
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Sealand Capital Galaxy Ltd - Cayman Islands-based Asia-focused digital investor that offers financial and strategic support to entrepreneurs - Pretax loss in 2021 widens to GBP1.0 million from GBP524,973 in 2020. Revenue falls to GBP177,667 from GBP692,410. Administrative expenses increase to GBP1.0 million from GBP786,292. Says Covid continues to have "serious impact on various economies that the group operates".
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SEEEN PLC - London-based social media services firm - Pretax loss narrows in 2021 to USD3.5 million from USD4.0 million in 2020. Revenue shrinks to USD8.5 million from USD10.1 million. Notes impact of the effect of rapidly changing inflation and interest rates on corporate spending on technology. Says entered 2022 positively. "We remain well positioned despite current market volatility as the world continues to increase its dependence on video for information and decision-making," the company says.
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Sivota PLC - London-based investment vehicle focused on later-stage technology companies - Posts maiden pretax loss of GBP365,285 for the period from September 22, 2020 to December 31, 2021. Company's "strategy is to continue to seek investment opportunities predominantly in the Israeli technology sector while supporting and advising Apester and the execution of its growth strategy, is a key focus," says Chief Executive Officer Chief Executive Officer. Apester is an online platform that provides storytelling tools.
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By Tom Budszus; [email protected]
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Related Shares:
CarcloGoldstone ResourcesHarvest Mi (di)SeeenSt. Ives PLCSealand Cap