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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Airea PLC - West Yorkshire-based flooring company - For the six months ended June 30, reports pretax profit of £620,000, down 5.4% from £656,000 a year prior. Meanwhile, revenue rises 15% to £9.8 million from £8.6 million. This comes as operating costs widen to £9.3 million from £7.9 million the previous year. Earnings per share fall to 1.18 pence from 1.58p year-on-year. Airea says that given its plans to continue investing in the future of the business, ‘coupled with the continued levels of uncertainty in the market and the wider economy’, it will continue to prioritise the preservation of cash. Therefore, it will not pay an interim dividend, unchanged from last year.

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Scholium Group PLC - London-based rare books, arts and collectables - For the year ended March 31, reports pretax profit of £231,000, up 30% from £177,000 year-on-year. Revenue increases 11% to £9.1 million from £8.1 million. Total earnings per share are 1.70p, up from 1.13p a year prior. Does not propose to declare a dividend, unchanged from last year. Chair David Harland says: ‘Trading conditions initially improved in the year under review, particularly for the first eight months. The trading environment then became far more challenging for the last four. However, trading for the first three months of the current year has been profitable, which is encouraging. Although the global outlook continues to be challenging, we remain cautiously optimistic.’

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Sylvania Platinum Ltd - Bermuda-based, South Africa-focused platinum miner - For the fourth quarter ended June 30, reports revenue of $21.8 million, down 13% from $25.0 million in the third quarter, and 38% from $34.9 million for the same period a year prior. Group earnings before interest, tax, depreciation and amortisation are $7.8 million, down from $9.8 million in the third quarter, and from $16.8 million the previous year. Says Sylvania Dump Operations produced 19,072 4E platinum group metals ounces in fourth quarter, up from 17,926 ounces in the third quarter, but down from 18,837 ounces in the same period a year ago.

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Foxtons Group PLC - London-based estate agency - For the six months ended June 30, reports revenue of £70.9 million, up 8.9% from £65.1 million a year prior. Pretax profit surges 42% to £6.1 million from £4.3 million. Says lettings revenue since June has been in line with first-half trends, and sales volumes were ahead of the first half. However, new buyer enquiries softened in July due to the spike in mortgage rates. Chief Executive Officer Guy Gittins says: ‘In the first half of the year, we cemented our position as London’s largest lettings and sales estate agency brand. We not only had the largest market share of instruction volumes in London, but we also grew instruction market share quicker than any of our competitors as recently implemented operational upgrades yielded significant gains.’

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Taylor Maritime Investments Ltd - Guernsey-based vessel investment company - Says net asset value at March 31 was $1.71 per share, down by 1.7% from $1.74 per share a year prior. Reports a NAV total return of 4.7%, down from 81% the year before. Pretax profit plunges by 90% to $26.2 million from $252.8 million in financial 2022, as total income fell by 86% to $36.1 million. Declares a dividend of $10.97 cents, up from $3.50 cents in financial 2022.

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