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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AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Net asset value at December 31 falls 14% to 104.93 pence per share from 121.88p at September 30. Quarterly NAV return is negative 12% compared to negative 2.1% in the previous quarter, and to positive 5.6% a year ago. AEW declares a 2.00p per share interim dividend, unchanged from a year ago. Says that the medium-term outlook for pressure on tenants is starting to ease ‘with wholesale gas prices now trading roughly 80% down from their March 2022 peak.’
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Capital Ltd - Mauritius-based provider of minerals drilling solutions including exploration and technical drilling - Revenue in 2022 grows by 28% to $290.3 million from $226.8 million in 2021. Says it is confident in demand and notes ‘significant’ growth potential in drilling. ‘The drilling business has a strong outlook entering 2023 with its highest rig count, robust utilisation and strong average monthly revenue per operating rig,’ Capital says.
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Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Revenue in the six months to December 30 jumps 50% to £945,000 from £629,000 a year prior. Loss before interest, tax, depreciation and amortisation narrows by 43% to £721,000 from £1.3 million. Expects a satisfactory cash position for financial year 2023 which started on July 1, 2022. Chair Ian Buddery says: ‘We are pleased by the market’s recognition of our technology advantages and confident we will add new contracts as 2023 progresses.’ Cordel aims to release its half-year report in early February.
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Ilika PLC - Hampshire, England-based solid-state battery technology provider - Pretax loss in the half-year to October 31 widens to £5.0 million from £3.5 million a year prior. Posts no revenue, down from £15,932 a year prior. Administrative expenses widen by 50% to £4.9 million from £3.3 million. Looking ahead, Ilika says it ‘will continue to deploy its resources to maximise shareholder return while it delivers its programmes.’
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Scotgold Resources Ltd - Stirlingshire-based gold and silver explorer and producer in Scotland - Gold production in 2022 rises to 8,564 ounces from 2,623 ounces in 2021. Grade mill feed for processing plant averaged 10.35 grams of gold per tonne in 2022. Expects gold production to rise by between 34% and 58% to between 11,500 and 13,500 ounces in 2023.
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