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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Hostmore PLC - West Sussex, England-based owner of casual dining brand Fridays and cocktail bar and restaurant brand 63rd+1st - Reports total revenue in the 52 weeks to January 1 rose 23% to £195.7 million from £159.0 million, a year ago, while earnings before interest, tax, depreciation and amortisation fell to £31.1 million from £34.5 million. Basic loss per share was 77.8 pence widened from 1.3p before while loss from operations totalled £91.9 million compared to a profit of £11.0 million. Adds the cost reduction exercise was completed in the first quarter of the new financial year, reducing overheads by £1.8 million on an annualised basis. Adds revenue in the first 16 weeks of the new financial year is 2% higher year-on-year.
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Aminex PLC - Africa-focused oil and gas company - Reports loss for the year to December 31 of $4.1 million halved from a $8.6 million loss a year prior. Says company now debt free following share placement. Highlights further reduction in gross general and administration costs $1.46 million in 2022, a cut of 19% from 2021 and a significant reduction from 2018 levels when cost control measures commenced. Expects 2023 to be a decisive year with significant information flow regarding multiple work streams.
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Hiro Metaverse Acquisitions I SA - special purpose acquisition company sponsored by Hiro Sponsor - Reports pretax loss of £5.3 million in the year to December 31 widened from £152,288 a year prior with loss per share of 0.41 pence compared to 0.04p.
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Financials Acquisition Corp - Cayman Islands-based special purpose acquisition company - Reports interest income in period from incorporation August 31 to December 31 of £1.5 million. Net loss before finance expense was £16.9 million with a basic loss per share of 5.64 pence. Says ‘We remain confident that we will be able to announce a business combination within the time constraints referred to in the prospectus.’
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Pineapple Power Corp PLC - cash shell with a focus on acquisitions in clean and renewable energy sectors - Reports pretax loss in year to December 31 of £367,956 narrowed from £1.0 million a year prior. Loss per share totalled 0.0057 pence compared to 0.0170p.
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Kendrick Resources PLC - London-headquartered mineral exploration and development company - Reports pretax loss of £1.0 million in the 12 months to December 31 widened from £325,000 a year prior while loss per share narrowed to 0.68 pence from 2.90p. Says despite strong global headwinds the company has made significant progress during the period. ‘We feel as we advance our project base, Kendrick will assume a position where its full market potential is realised,’ chair Colin Bird states.
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African Pioneer PLC - Namibia-focused exploration and development company - Reports pretax loss in the year to December 31 of £670,871 compared to restated profit of £273,471 a year prior. Basic loss per share totalled 0.35 pence compared to earnings per share of 0.24p before. Net asset value at December 31 was £5.4 million down from £6.1 million the year before. Says ‘We are confident that African Pioneer has an excellent copper resource base and is well positioned for such corporate activity.’
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