The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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DG Innovate PLC - Bingley-England based storage battery manufacturer - Says grant income in the six months ended on June 30 falls to £344,831, from £675,816 a year ago. Pretax loss widens to £6.2 million from just £201,156, as administrative expenses jump to £1.2 million from £777,670 a year ago. ‘The first half of 2022 was transformational for the company, as we completed the reverse takeover of DGI to become DG Innovate PLC’, Chair Nick Tulloch says. Looking ahead, it seeks to commercialise a suite of electric mobility and storage tech.
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Live Co Group PLC - UK-based live events and entertainment company - Posts a surge in revenue to £2.6 million for the six months ended on June 30, from £622,000 a year ago, as pretax loss narrows to £1.4 million from £2.1 million. Cost of sales increase to £1.7 million from £1.4 million a year earlier. Looking ahead, says it remains ‘cautiously optimistic’ for 2023, citing increased demand for live events.
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NetScientific PLC - London-based life sciences and sustainability technology investment firm - Reports a fall in revenue to £391,000 for the six months ended June 30, from £407,000 a year ago. Pretax loss widens to £1.7 million from £1.5 million. Selling and administrative costs amount to £1.4 million, up from £1.2 million ago, mainly due to ‘increased headcount in the subsidiaries and at head office, and increased spending in drives towards commercialisation and eventual liquidity events’.
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TechFinancials Inc - invests in early-stage technology companies - Posts no revenue for the six months ended on June 30. Pretax loss widens to $163,000 from $92,000 a year ago as financing expenses swing to a loss of $89,000 from a profit of $41,000.
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Apollon Formularies PLC - London-based medical cannabis pharmaceutical firm - Posts revenue of £165,053 in the six months ended on June 30, compared to none a year ago. Pretax loss narrows to £212,436 from £1.7 million, despite administrative expenses rising to £535,889 from £335,425 a year ago. No finance costs have incurred this year, compared to £3,799 last year.
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