The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Ferro-Alloy Resources Ltd - Balasausqandiq vanadium deposit in southern Kazakhstan - Says the fourth quarter results are weaker than expected due to concentrate delivery delays. As a result, it expects results for this quarter and the first half of January to be lower than anticipated. Consequently, 2022 revenue is expected at $6.8 million with a net loss to be in the region of $3.3 million, lower than market guidance. In 2021, revenue was $4.7 million. ‘To help avoid repetition of the shortfall, the company has signed a new regular concentrate delivery contract with an additional supplier,’ it says. Looking ahead, expects results for 2023 to be significantly better than 2022.
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Trinity Exploration & Production PLC - Trinidad & Tobago-focused oil production company - Fourth quarter sales volumes average 2,961 barrels of oil per day, down slightly from 2,990 bopd quarter-on-quarter. 2022 sales volumes total 2,975 bopd, down from 3,006 bopd a year ago. Says it has delivered production for the year within guidance and remains on-track to progress our growth agenda in 2023.
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Beximco Pharmaceuticals Ltd - Dhaka-based generic pharmaceutical products and active pharmaceutical ingredients maker - Says net sales are up by 16% for the six months ended on December 31 to BDT19.68 billion, or £164.4 million, up from BDT16.97 billion or £146.7 million a year ago. Pretax profit, however, falls to BDT3.54 billion from BDT4.09 billion, as operating expenses grow to BDT4.78 billion from BDT4.24 billion a year ago. Says it remains focused to deliver progress in the second half of the year.
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Impellam Group PLC - Luton, England-based talent acquisition and workforce management company - Expects to report annual gross profit of £315 million in 2022, up 24% in like-for-like growth compared to 2021. Revenue was £2.26 billion in 2021, and pretax profit amounted to £15.4 million. Expects to report financial performance for 2022 ahead of its original expectations. Additionally, sells its Regional Specialist Staffing businesses and Healthcare Staffing business for £85 million in cash. Expects the transaction with Twenty20 Capital, specialist investment fund focussed in the human capital services sector, to be complete in early March.
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