Source - Alliance News

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


Jadestone Energy PLC - Perth-based oil & gas development company with assets in Australia, Malaysia, Indonesia, Vietnam and the Philippines - Posts revenue of $225.6 million in the six months to June 30, up 63% from $138.2 million a year ago, as production increases 51% to 15,008 barrels of oil per day from 9,934. Pretax profit surges to $87.3 million from just $11.1 million. Average realised oil price amounts to $109.52 per barrel of oil equivalent, up 62% from just $67.70 boe a year earlier. Declares an interim dividend of 0.65 US cents, up 10% from 0.59 US cents a year prior.


Majestic Corp PLC - Georgia, US-based precious metals recycler - Posts first interim results since the listing on AQSE exchange in March. Revenue amounts to $12.9 million for the six months to June 30, down 17% from $15.5 million a year ago. Pretax profit, however, rises by 28% to $979,777 from $765,817. Net assets increase to $7.0 million from $6.1 million as at December 31. Cost of goods sold decreases to $11.5 million from $14.5 million a year ago. Chief Executive Officer Peter Lai says: ‘Whilst the second half of the year is expected to remain challenging, the board remains cautiously optimistic, despite the difficult conditions for global markets which are unlikely to improve for some time.’


Unbound Group PLC - London-based footwear company, formerly known as Electra Private Equity - Posts revenue of £27.6 million in the six months to July 31, up 10% from £25.0 million the year before, illustrating ‘benefits of multi-channel sales model’. Pretax loss remains flat at £2.1 million. ‘Unbound has delivered an encouraging first half performance that builds on the momentum of 2021, despite the increased challenges of high inflation and a volatile and unpredictable consumer environment,’ says Chief Executive Officer Ian Watson.


Fintel PLC - Huddersfield, England-based technology and support for retail financial services sector - Says revenue climbs by 1.7% to £32.2 million for the six months to June 30 from £31.7 million a year earlier. Pretax profit grows by 18% to £5.9 million from £5.0 million. Adjusted earnings before interest, tax, depreciation and amortisation amounts to £8.7 million, up 5.0% from £8.3 million with adjusted Ebitda margin increasing to 27.0% from 26.1%. Looking ahead, Fintel remains confident of meeting 2022 expectations. Declares an interim dividend of 1.0p per share, unchanged year-on-year.


Good Energy Group PLC - Chippenham, England-based renewable energy supplier - Swings to pretax loss of £750,000 for the six months to June 30, from a profit of £4.8 million a year ago, as cost of sales increase to £95.4 million from £50.6 million. Revenue, however, jumps to £107.6 million from £68.4 million, driven by ‘significant price rises throughout the year in response to rising wholesale costs’. Declares an interim dividend of 0.75 pence per share, unchanged year-on-year.


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