30th Jun 2022 21:21
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Grand Vision Media Holdings PLC - Hong Kong-based digital media company - Total revenue for 2021 drops 48% year-on-year to HKD3.0 million from HKD5.8 million, due to Covid restrictions and cinema closures in the region. Total loss for the year was HKD6.2 million, narrowed year-on-year from HKD10.1 million. "This was as a direct result of the reduction is revenues across the group. The group continued its cost savings through space consolidation and headcount reductions, and has taken advantage of government fiscal support aimed at helping businesses through the pandemic," the firm explains. Has seen challenges since period-end due to strict lockdowns, but hopes for resumption of cross border travel in the third quarter.
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BWA Group PLC - London-based minerals exploration investment company - Revenue in 2021 jumps to GBP747,430 from GBP242,788 the year before. Swings to pretax profit of GBP79,690 from loss of GBP3.6 million. Declares no dividend, unchanged from the prior year.
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Evrima PLC - mining and exploration investor - Swings to pretax profit in 2021 of GBP927,646 from loss of GBP213,966 a year prior. Assets at year-end jump to GBP1.8 million from GBP344,976, as total equity multiplies to GBP2.1 million from GBP458,738. "The activity of the company to the year end reflected one of strategic positioning and accumulation of investment positions," the firm says.
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KR1 PLC - investor in companies in the blockchain industry - Net asset value at December 31 multiplies year-on-year to 122.68 pence per share from 28.97p. Gain on disposal of intangible assets rises to GBP20.8 million from GBP3.0 million, and income from digital assets increases to GBP21.0 million from GBP978,639. Does not declare dividend for the period. "Despite the current bear market for crypto, we believe that the interest in and adoption of blockchain technology will continue and are firm believers in the transformational opportunities that it will bring. As one of the first digital asset investment firms, we have already experienced previous crypto winters, and are well positioned to weather the current volatility," say Managing Directors George McDonaugh and Keld van Schreven.
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Rogue Baron PLC - London-based distiller - Revenue in 2021 increases to USD299,000 from USD15,000, as pretax loss widens to GBP1.4 million from GBP330,000. This reflects one-off costs of listing and significant non cash loss on the conversion of loan notes, the company says. "In 2022 the company plans to make a big marketing push to increase the velocity and turnover in its current markets, while also expanding into new markets. New distribution deals have already been announced in the UK and Spain," says Chair Hamish Harris.
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Clean Invest Africa PLC - London-based renewable energy investor - Revenue in 2021 rises to GBP68,602 from GBP444 in 2020, as pretax loss narrows slightly to GBP1.16 million from GBP1.17 million. Does not recommend dividend payments for the period. "The Directors are pleased with the progress made in this initial period, notwithstanding the continuous impacts on the group's business of the Covid-19 pandemic and look forward to continuing to update shareholders on the progress of the group and the exciting prospects ahead, some of which are developing reasonably fast. We continue to seek new investment opportunities," the company says.
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By Elizabeth Winter; [email protected]
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