The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:
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St Mark Homes PLC - London-based residential and mixed-use property developer - Reports no revenue in six months ended June 30, against £21,600 a year earlier. Pretax loss widens to £1.2 million from £170,503. Reports a £1.0 million share of operating loss in joint-venture, compared to a £11,498 profit a year earlier. ‘The construction industry is experiencing continuing supply chain delays and cost increases over recent times. Our projects have also been delayed as a consequence of subcontractor insolvency. This had a significant impact on progress on our Uxbridge Road and High Road Finchley projects,’ it adds.
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abrdn Property Income Trust Ltd - investing in a portfolio of UK commercial properties in the industrial, office, retail and other sectors - Net asset value per share at June 30 half-year end falls 1.2% to 83.8 pence from 84.8p at end of December. Reports net asset value total return of 1.2%, beating FTSE All-Share Real Estate Investment Trusts Index which falls 7.6%, but shy of FTSE All-Share Index which rises 2.6%. Maintains dividend at 2.00 pence per share. The company adds: ‘With a marginally positive total return during the six-months to 30 June 2023 we have seen the beginnings of a stabilisation in the UK property market. This remains a relatively fragile position, with inflation still running well ahead of UK government targets, and therefore the threat of further interest rate increases continues to linger.’
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AltynGold PLC - mining, exploration and development company, with assets in Kazakhstan - Revenue in six months to June 30 declines 14% to $27.7 million from $32.1 million a year prior. Pretax profit drops 61% to $4.5 million from $11.6 million.
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Startup Giants PLC - invests in internet technology start-up businesses - Revenue in six months to June 30 declines 59% to £100,396 from £243,399 a year prior. Pretax profit, however, jumps £70,700 from £5,135. Gain on investments held at fair value totals £76,750, compared to no such gain a year prior.
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Marula Mining PLC - Africa-focused mining and development company - Pretax loss in half-year ended June 30 widens to £1.5 million from £169,000 a year prior. Operating expenses total £439,000, against none a year earlier. Administrative expenses jump to £983,000 from £169,000. Reports no revenue, unchanged on-year. Chief Executive Jason Brewer says: ‘The first half of the 2023 year has further demonstrated what Marula is capable of delivering, as demonstrated by the progress that has been made at the Blesberg lithium and Tantalum Mine and also at the Kinusi mine which has the potential to be our second producing asset by the end of the year. Our strategy is clear and it remains one of continuing to invest in rapid growth opportunities in the battery metals sector here in East and South Africa.’ On Thursday, Marula said it entered into a deal with Tanzanian mining company NyoriGreen Mining Ltd to secure a 75% interest in 10 granted graphite licences that form the NyoriGreen graphite project. An initial £125,000 worth of project acquisition costs will be met through issue of 1.0 million new shares at 12.5 pence each. Further share-based payments based on milestones, are also subject to deal.
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