Source - Alliance News

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

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Intuitive Investments Group PLC - London-based life sciences investor - For the financial year that ended September 30, net asset value per share falls 11% to 18.00 pence from 20.14p a year ago. Net assets rise 59% to £12.93 million from £8.14 million a year prior. Pretax loss is £1.6 million swinging from a profit of £731,365 the year before. ‘We will look to capitalise on this opportunity around infection prevention, building on the foundation we have in our investment in Sanondaf,’ Intuitive says, noting that Covid-19 ‘highlights the need for effective products and services in hygiene, sanitisation and hospital acquired infection prevention sector.’

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Jersey Electricity PLC - sole supplier of electricity in Jersey, Channel Islands - For the financial year that ended September 30 pretax profit is £10.6 million, down 45% from £19.1 million a year ago. Revenue is down 1.0% at £117.4 million from £118.6 million the year prior. The company declares a final dividend of 10.8 pence per share, up 5.9% from 10.2p a year ago, bringing the total dividend to 18.40p, up 5.7% from 17.40p in financial 2021. Chair Phil Austin says: ‘We have shown resilience, returning a strong group performance and protecting our customers from the huge retail price rises seen elsewhere, without government intervention.’

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Donegal Investment Group PLC - Donegal, Ireland-based agricultural firm - For the financial year that ended August 31 reports pretax profit €600,000, down 60% from €1.5 million a year ago. Revenue was €25.2 million, down 3.4% from €26.1 million the year prior. Declares no dividend for financial 2022, unchanged from a year ago. Chair Geoffrey Vance says: ‘In our core seed potato business, there had been significant disruption to supply chains, particularly in the food-service sector. This resulted in significant carry over of potato stocks in 2021 and the resulting downward price pressure in the market...We are happy to note that markets are more normal at this current time.’ Following the first quarter of financial 2023, the company says its seed potato business is ahead of plan and is confident of ‘robust performance’.

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Great Southern Copper PLC - London-based copper company focused in Chile - For the first half ended September 30 reports pretax loss of £480,577, widening from £84,604 a year ago. The company reports net assets of £4.3 million, multiplying from £1.1 million a year ago, but down from £4.4 million at March 31. The company says it has begun exploration at Especularita and reconnaissance diamond drilling at San Lorenzo, both in Chile. Chief Executive Officer Sam Garrett says: ‘We look forward to advancing our copper-gold exploration activities in 2023 and remain confident in the long-term strong market drivers for copper as an indispensable metal for the clean energy transition.’

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