The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
----------
Steppe Cement Ltd - Kazakhstan-focused construction materials firm - Sells 281,968 tonnes of cement in first quarter, up from 265,556 tonnes a year prior. Nets KZT6.30 billion, about £10.7 million, in first quarter of 2022, up 29% from KZT4.88 billion. ‘The Kazakh cement market increased by 12% in Q1 2022 over the corresponding quarter last year. Steppe Cement’s market share increased to 13.7% in the first quarter of 2022 from 13.2% in the first quarter of 2021,’ company says.
----------
Atalaya Mining PLC - copper miner in Spain - Copper output in first quarter falls to 11,249 tonnes down 20% from 13,979 tonnes a year prior. ‘The decrease in copper production compared to prior periods is mainly attributable to the temporary plant shutdown following the transport sector strike and lower copper grades processed, partially offset by higher copper recoveries,’ company says. Annual guidance is for 54,000 to 56,000 tonnes. Realised copper prices rise to $4.42 per pound from $4.36 per pound in third quarter. Also outlines new resource estimates at San Dionisio and San Antonio deposits, which form part of Proyecto Riotinto. San Dionisio open pit resource has measured and indicated resource of 56.1 million tonnes at 0.9% copper, 1.1% zinc and 0.2% lead, at a cut-off of 0.2% copper. San Dionisio underground resource has inferred resource of 12.4 million tonnes at 1.0% copper, 2.5% zinc and 0.6% lead. San Antonio underground resource at 11.8 million tonnes at 1.3% copper, 1.8% zinc and 1.0% lead.
----------
Enwell Energy PLC - London-based oil and gas company - Says total first quarter output falls to 3,164 barrels of oil equivalent per day, down from 4,576 boepd a year prior. Enwell adds: ‘In light of the Russian military action in Ukraine, on 24 February 2022, Enwell shut-in and made safe its production and drilling operations at all of its fields. Subsequently, on 11 March 2022, having taken a number of measures to ensure safe operations, Enwell commenced the partial restart of production operations at its MEX-GOL and SV fields.’
----------
eEnergy Group PLC - London-based energy efficiency-as-a-service provider - Enters into €10 million project funding facility with fund manager SUSI Partners AG. Company adds: ‘The facility extends the relationship eEnergy has had with SUSI in Ireland to the UK. In making available financing for up to twelve years and across eEnergy’s range of energy efficiency and onsite generation technologies, the facility enables eEnergy to continue to create innovative, market leading capital free solutions for its customers.’
----------
Billington Holdings PLC - Barnsley, England-based construction company - Says results for 2021 hit by timing of some contracts. ‘Notwithstanding this, the underlying trading position was slightly ahead of market expectations,’ Billington says. Makes exceptional provision of £1.1 million against receivables on a contract. Company says: ‘The company is currently in extensive dialogue with the developer to complete the project and seek recovery of all outstanding monies.’ Says current trading is in line with board expectations.
----------
Distribution Finance Capital Holdings PLC - Manchester-based bank providing personal savings products and working capital to dealers and manufacturers - Says pretax loss in 2021 narrows to £3.7 million from £13.6 million in 2020. Gross revenue rises 19% to £13.6 million from £11.5 million. Loan book expands to £249 million from £113 million.
----------
Octopus Renewables Infrastructure Trust PLC - London-based investment company focused on renewable energy assets in Europe and Australia - Commits to invest €3.5 million to set up and fund Nordic Renewables Ltd, which is targeting a new development platform focused on renewable energy assets in Finland.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
