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 £5.9 million from £6.7 million a year ago. Revenue, however, grows to £128.6 million from £107.6 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 $1.5 million in 2021 from $610,095 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 $350,000 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 $350,000 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 $4.2 million from $3.3 million in 2020. Revenue from fertiliser sales grow to $4.9 million from $2.0 million. Impairment exploration expense widens to $3.3 million from $956,918. 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 £1.0 million from £524,973 in 2020. Revenue falls to £177,667 from £692,410. Administrative expenses increase to £1.0 million from £786,292. 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 $3.5 million from $4.0 million in 2020. Revenue shrinks to $8.5 million from $10.1 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 £365,285 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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