30th Sep 2020 12:18
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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City Pub Group PLC - London-based pub owner and operator - Results in 26 weeks to June 28 hit by Covid-19 lockdown. Revenue slumps 55% to GBP12.1 million from GBP27.1 million in the year prior. Swings to pretax loss of GBP4.2 million from GBP946,000 profit. Says revenue since reopening at around 80% of previous levels.
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Time Out Group PLC - London-based media and events firm - Posts widened pretax loss of GBP18.0 million in six months ended June, from GBP12.0 million loss. Revenue during first half falls 24% to GBP20.3 million from GBP26.9 million. Notes its market locations were closed on March 16 and company added its media arm faced delays to advertising spend.
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Pittards PLC - leather goods manufacturer - Swings to pretax loss of GBP2.3 million in six months to June 30, from GBP224,000 profit a year earlier. Revenue down 45% year-on-year to GBP6.6 million from GBP12.1 million.
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InnovaDerma PLC - London-based beauty, personal care and life science products firm - InnovaDerma's revenue in year ended June 30 climbed 3.2% to GBP13.3 million from GBP12.9 million. Swings to pretax loss of GBP376,994 from GBP1.4 million. Marketing expenses rise 15% to GBP4.2 million, wages & salary costs climb 21% to GBP1.8 million and administrative expenses up 15% to GBP1.8 million.
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Polarean Imaging PLC - medical imaging products developer - Pretax loss in six months to June 30 narrows to USD3.2 million from USD3.4 million in year prior. Revenue down 18% to USD327,896 from USD399,639. Posts USD267,155 in finance income, up sharply from USD274.
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Tiziana Life Sciences PLC - London-headquartered biotechnology company - Posts no revenue in six months ended June 30, unchanged year-on-year. Pretax loss stretches to GBP3.9 million from GBP3.7 million in year prior. Operating expenses up 48% to GBP3.2 million from GBP2.1 million.
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Northbridge Industrial Services PLC - Burton-based industrial services firm - Sees revenue fall 4.5% year-on-year to GBP16.0 million in six months ended June, from GBP16.8 million. Swings to pretax loss of GBP7.7 million from GBP22,000 profit as Northbridge books GBP7.8 million in exceptional impairments.
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Andrews Sykes Group PLC - Wolverhampton-based heating and cooling rental company - Revenue in six months to June down 4.3% to GBP33.5 million from GBP35.0 million. Pretax profit climbs 7.0% to GBP7.2 million from GBP6.8 million. Keeps ordinary interim dividend at 11.90 pence per share but proposes special payout of 23.70p.
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1Spatial PLC - Cambridge-based location master data management software provider - Revenue in first half ended July 31 inches up 8.0% to GBP11.7 million from GBP10.9 million but pretax loss widens to GBP862,000 from GBP666,000. Administrative expenses up 7.8% year-on-year to GBP6.9 million.
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Yu Group PLC - supplier of gas, electricity and water to the UK business sector - Revenue in first half ended June 30 down 19% to GBP45.9 million from GBP56.6 million. Despite year-on-year revenue fall, pretax loss narrows to GBP2.1 million from GBP3.3 million. Total operating costs down 6.9% to GBP4.7 million.
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Bluejay Mining PLC - exploration and development resource company with projects in Greenland and Finland - Pretax loss in six months to June 30 widens to GBP1.2 million from GBP203,059 a year earlier. Posts no revenue, compared to GBP1,048 a year earlier. Administrative expenses up 22% annually to GBP1.2 million.
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Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas explorer - Reports no revenue in six months to June 30, as in prior year. Pretax loss widens to GBP195,000 from GBP98,000. Administration expenses more than double to GBP163,000 from GBP71,000.
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Panther Metals PLC - mineral exploration company focused on Canada and Australia - Posts no revenue in six months to June 30, like in year prior. Pretax loss stretches year-on-year to GBP388,126 from GBP91,458. Posts share-based payment charge of GBP135,806, swinging from credit of GBP42,814 in year prior.
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Ferro-Alloy Resources Ltd - vanadium mining and processing company operating in Kazakhstan - Revenue in six months to June 30 flat at USD1.1 million but pretax loss widens to USD1.7 million from USD1.3 million. Sales costs up 44% year-on-year to USD1.9 million.
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Volga Gas PLC - Russia-focused gas producer - Revenue in six months to June 30 shrinks 49% annually to USD13.4 million from USD26.3 million and pretax loss widens to USD7.9 million from USD3.0 million. Total output averaged 3,593 barrels of oil equivalent per day, down 36% year-on-year.
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Distribution Finance Capital Holdings PLC - Manchester-based capital provider to dealers and manufacturers - Revenue in six months to June 30 up 37% annually to GBP7.4 million from GBP5.4 million. Pretax loss narrows slightly to USD7.2 million from USD7.3 million. Loans and advances to customers down 2.6% to GBP163.7 million from GBP168.0 million in year prior. Also notes UK's Prudential Regulation Authority confirming Distribution Finance Capital Ltd unit authorised as a bank.
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Symphony International Holdings Ltd - Hong Kong-based investor - Net asset value per share at June 30 falls 43% year-on-year to USD0.62, down 37% from USD0.98 in December year end. Quarter-on-quarter, first half NAV per share rises from USD0.6043 in March, Symphony notes, amid 20% share price surge in Minor International Pcl. Symphony adds it leads jewellery firm's Melorra's USD12.5 million funding round.
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Manchester & London Investment Trust PLC - technology-focused growth-stock investor - Net asset value per share at July 31 year end down 10% to 625.23 pence, from 568.66p a year earlier. Posts NAV total return of 13%, beating MSCI UK Investable Market Index benchmark which lost 20%. Manchester & London holds payout at 14.00p.
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BMO Commercial Property Trust Ltd - London-based investment company - EPRA Net asset value per share at June 30, end of first half, down 7.8% to 120.7p from 131.0p at the end of December. Posts total return of negative 6.7%, outperformed by MSCI UK Quarterly Property Index which lost just 3.1% but fares better than FTSE All-Share Index which shed 18%. Halves dividend to 1.5p from 3.0p.
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Drumz PLC - investment company focused on software sector - Pretax loss in six months to June 30 widens year-on-year to GBP450,000 from GBP172,000. Like in prior year, Drumz posts no revenue. "This has been a productive period for your new board, with the introduction of the new investment policy, finalisation of the placing and completion of the company's first technology Investment," Drumz said.
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Metal Tiger - natural resources focused investor - Net asset value per share at June 30, end of first half, falls 13% to 15.1 pence from 17.4p at the end of December.
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By Eric Cunha; [email protected]
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