(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
----------
Griffin Mining Ltd - operator of the Caijiaying zinc-gold mine in China - For 2020, pretax profit rises to USD14.5 million from USD11.7 million the year before, due to reduced costs and higher zinc metal prices. However, revenue declined 8.3% year-on-year to USD75.4 million from USD82.3 million, due to lower sales in zinc, gold and silver.
----------
Jersey Electricity PLC - Jersey-focused electricity supply - For the six months ended March 31, pretax profit edged upwards to GBP10.5 million from GBP10.0 million same period a year before, on revenue which grew 5% year-on-year to GBP67.1 million from GBP64.2 million, due to a stronger performance in Retail and Energy, as unit sales of electricity rose 1% to 375 kilowatt hours from 371 kWh.
----------
IGas Energy PLC - oil & gas producer onshore in UK - For 2021, expects net production between 2,150 to 2,350 barrels of oil equivalent per day. As at May 4, company hedges total of 270,400 barrels for the rest of 2021 at an average floor rate of USD44 per barrel. "We will remain firmly focused on cost and capital discipline whilst building our business for the future. We will continue to invest in our existing assets where appropriate, to realise future benefits and are moving ahead purposefully with our geothermal and hydrogen projects," said Chair Cuth McDowell.
----------
Bermele PLC - London-based special purpose acquisition company - For the 11 months ended December 31, posts pretax loss of GBP512,129, narrowed from GBP638,557 the year before, due to lower administrative and share-based costs.
----------
Ideagen PLC - Nottinghamshire, England-based information management software provider for regulated industries - For the year ended April 30, annual recurring revenue is expected to be GBP54.2 million, up from GBP43.1 million the year before. Total revenue is set to be around GBP65.6 million, a rise from GBP56.6 million, while adjusted earnings before interest, tax, depreciation and amortisation is set to be up 24% at GBP22.9 million, driven by customer expansion and new wins across life sciences, healthcare and financial services.
----------
Titon Holdings PLC - Colchester, Essex-based ventilation systems and window & door hardware supplier - For the six months ended March 31, pretax profit is GBP549,000, swinging from a loss of GBP270,000 the same period a year before. This was on net revenue of GBP11.7 million, up 4.1% year-on-year from GBP11.2 million, due to stronger trading conditions as the pandemic's pressure started to ease. Declares interim dividend of 1.5 pence per share. Looking ahead, second half of financial year has started positively, with April trading ahead of management expectations.
----------
DP Aircraft I Ltd - Guernsey-based aircraft leasing company - For 2020, swings to pretax loss of USD155.1 million from profit of USD23.2 million the year before, driven by a USD170.3 million impairment loss on aircraft and related components. Meanwhile, income rose to USD88.6 million from USD57.4 million. As at December 31, net asset value per share plunged to USD0.27808 from USD1.03041 the same date the prior year.
----------
Ten Lifestyle Group PLC - London-based lifestyle and travel service platform company - For six months ended February 28, pretax loss widens to GBP3.6 million from GBP3.3 million a year before, as revenue declines 28% year-on-year to GBP17.2 million from GBP23.8 million, as the pandemic cripples demand for travel and dining, as well as supplier delivering lower revenue. Looking ahead, request volumes and net revenue in the second half to date remain below the prior year as demand remains dim.
----------
Immedia Group PLC - AIM-listed supplier of multi-media content and digital solutions - For 2020, pretax loss narrows to GBP733,181 from GBP991,461 the year before, reflecting an increase in the value of the company investment in Audioboom Group PLC. However, due to pressure from the pandemic, revenue fell 43% year-on-year to GBP2.3 million from GBP4.0 million.
----------
e-Therapeutics PLC - Oxford, England-based computer-based drug discovery - For the year ended January 31, pretax loss widens to GBP4.5 million from GBP2.9 million the year before, driven by administrative costs rising to GBP2.1 million from GBP1.2 million, with a management restructure in February 2020 resulting in one-off redundancy costs of GBP400,000. In addition, revenue declined to GBP317,000 from GBP456,000, due to the recognition of upfront and milestone payments achieved from its collaboration agreement with Galapagos.
----------
Serinus Energy PLC - oil and gas exploration and production in Tunisia and Romania - For the three months ended March 31, average production was 2,097 barrels of oil equivalent per day, down 9% from 2,317 boepd, due to natural well declines. As a result, total revenue declined 4% year-on-year to USD7.6 million from USD7.9 million, in spite of an 8% increase in the average realised price to USD40.16 per barrel. However, lower costs led to a narrowed pretax loss of USD600,000 from USD1.6 million.
----------
Pure Gold Mining Inc - mine in Red Lake, Ontario, Canada - During the six weeks of the second quarter of 2021, production totals 18,546 tonnes or ore, with 2,855 ounces of gold recovered.
----------
Touchstone Exploration Inc - onshore projects in Trinidad & Tobago - For the three months ended March 31, crude oil sales declined 18% to 1,297 barrels of oil per day from 1,589 barrels a year prior. However, realised crude oil prices averaged USD52.43, up 14% from the first quarter of 2020. Net loss for the period narrowed year-on-year to USD460,000 from USD9.2 million.
----------
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.