Source - Alliance News

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

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Capital Ltd - African markets-focused mining services provider - In the first quarter of 2023, revenue grows to $77.8 million from $66.9 million a year prior. Average monthly revenue per operating rig rises 10% to $192,000 from $174,000. Reiterates former expectation of 2023 revenue of $320 million to $340 million, up at least 10% from $290.3 million in 2022. Chief Executive Peter Stokes says: ‘Our fleet remains highly utilised, our safety performance world class and we continue to see a strong tender pipeline of opportunities. This provides us a solid platform to achieve another record year milestone for 2023.’

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Clean Power Hydrogen PLC - Doncaster, England-based green hydrogen technology and manufacturing company - Pretax loss widens to £3.6 million in 2022 from £3.5 million in 2021. Posts no revenue, down from £28,000. Administrative costs widen to £4.8 million from £2.1 million. Looking ahead, says is well positioned to use its technology and commercial differentiators to meet its strategic objectives.

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Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Finds 393 grammes of gold per tonne at Rudall project in Paterson province of Western Australia. Managing Director Shaun Day says: ‘These results, together with our continual improvement in understanding of the covered basement geology, stratigraphy and structure, increase our confidence in the prospectivity of the region, and our ability to vector towards intrusion related and other styles of mineralised systems on our extensive ground holdings.’

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Nostra Terra Oil & Gas Co PLC - London-based oil & gas exploration and production company with a portfolio of development and production assets in Texas, US - Sells 11,988 barrels of oil in the fourth quarter of 2022, up 10% from 10,885 a year ago. Yields net revenue of $946,464, 23% higher than $767,000 a year prior. Average realised price for the period per barrel increases 13% to $78.95 from around $70. Further, says Fouke wells produce at rates above the current field allowable.

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Public Policy Holding Co Inc - US-based government relations and public affairs firm - Net loss narrows to $7.2 million in 2022 from $23.8 million in 2021. Revenue climbs to $108.8 million from $99.3 million. Personnel costs increase to $52.3 million from $44.1 million. Declares final dividend of $0.095 per share, bringing the total to $0.14. In 2021, the company had paid a dividend of $0.0065 for the 15 days between December 16, when it had its IPO, to December 31. Looking ahead, expects organic revenue growth of 5% to 10% in 2023 while focuses on building a pipeline of strategic acquisition opportunities in the federal and state advocacy markets and public affairs markets in the US and abroad.

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Savannah Resources PLC - European lithium development company - Notes closure of public consultation period on revised Barroso lithium project environmental report and mine plan. Expects Portugal’s environmental agency Agencia Portuguesa do Ambiente to continue with review and to issue its environmental impact statement at the end of May. Chief Executive Officer Dale Ferguson says: ‘Portugal is fortunate in having high quality lithium resources which could allow it to play a key role in providing a raw material which the European Commission has identified as being critical and strategic for the region’s energy transition, as it looks to combat the effects of climate change and develop new sectors in its economy.’

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Sherborne Investors (Guernsey) C Ltd - closed ended investment company - NAV per share at Dec 31 falls 8.2% to 75.62 pence from 82.38p a year prior. Pays final dividend of 0.5p per share dividend for 2022, bringing the total to 1.0p, compared to no payouts for 2021.

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