Source - Alliance News

The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

----------

Zegona Communications PLC - London-based investment company focused on the European telecommunications, media and technology sector - Widens pretax loss to €34.3 million in 2021 from €5.8 million the previous year. Assets at December 31 drops 95% to €16.0 million from €345.7 million year-on-year. Company says its position changed ‘fundamentally’ in 2021 with the sale of its investment in Euskaltel and its return of capital. Zegona no longer has an investment in an underlying operating business and says it is now solely focussed on identifying another investment opportunity within the European technology, media, and telecommunications sector.

----------

Schroder Asian Total Return Investment Co PLC - invests in equities and equity-related securities of companies trading in the Asia Pacific region, excluding Japan - Posts a lower pretax return of £38.1 million in 2021, down 68% from £117.4 million the year before. Gains on investments also falls 68% to £35.9 million from £11.9 million. Net asset value per share at December 31 rises to 507.24 pence from 479.07p year-on-year. Company says 2021 was a difficult year for Asian stock markets with China performing poorly due to increased regulatory pressure applied to education, technology and healthcare sectors. Schroder Asian recommends a final dividend of 8.50p, up 20% from 7.10p the previous year.

----------

Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - In 2021, reports a widened pretax loss of £4.4 million, up from a loss of £2.8 million the previous year. Revenue rises 21% to £2.4 million from £2 million. Company says this was driven by delivery of original equipment manufacturer parts for Valkyrie which entered production in the year and the delivery of increased volumes of development parts to its existing contracts. In the year Surface Transforms increased its order book by £70 million to £115 million at year-end. Looking forward, Chair David Bundred says 2022’s task is to turn these ‘game-changing orders’ into profitable sales.

----------

Cloudbreak Discovery PLC - Vancouver-based natural resource project generator - In the second half of 2021 swings to a pretax loss of £2.8 million from a profit of £4.6 million the previous year. Assets drop 40% to £3.7 million the in six months to the end of 2021 from £6.2 million the year prior. Chief Executive & President Kyler Hardy says: ‘I am pleased to report an active six months for Cloudbreak, having optioned a number of projects within our diverse portfolio to partners. Other key achievements include the initiation of an exploration programme on the Northwest Portfolio in British Columbia, a region where the Cloudbreak team has extensive experience.’

----------

Copyright 2022 Alliance News Limited. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Zegona Communications PLC (ZEG)

+4.00p (+1.79%)
delayed 08:52AM

Surface Transforms PLC (SCE)

-0.12p (-1.30%)
delayed 10:58AM

Cloudbreak Discovery PLC (CDL)

-0.05p (-14.29%)
delayed 10:25AM