The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Team PLC - wealth, asset management and complementary financial services group - Revenue in the year ended September 30 rises to £5.3 million from £2.1 million a year earlier. Pretax loss narrows to £443,000 from £1.6 million. Chair Mark Clubb says: ‘This has been another active period for Team. We are picking up the pace and the shape of the business is emerging with Jersey as the central fund management engine operating out of a highly regulated jurisdiction with a strong international reputation for fiduciary responsibility. Alongside this in Jersey, our financial planning advisory hub is combining well and is positioned to deliver dependable organic growth going forward.’
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Versarien PLC - Cheltenham, England-based engineering technology company - Revenue in year ended September 30 falls to £5.5 million from £11.1 million a year earlier. Pretax loss narrows to £14.3 million from £8.3 million. Looking ahead, says its pipeline of opportunities ‘continues to strengthen.’ Chief Executive Steve Hodge says: ‘The period was a challenging one for Versarien, but I believe the restructuring and other actions we have undertaken have resulted in a more efficient business, which maintains the skilled people and technology to enable commercial success. It is encouraging to report that our pipeline of potential income opportunities is growing , albeit development opportunities are still the largest part, but we are beginning to see signs of more commercial interest, including licensing.’
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Altona Rare Earth PLC - Mining exploration company focused on the evaluation, acquisition and development of projects in Africa - Publishes results for six months ended December 31. Operating loss widens to £616,000 from £387,000. Pretax loss widens to £690,000 from £412,000. CEO Cedric Simonet says: ‘2024 will also be a year of transformation for Altona, as we are currently expanding and diversifying its portfolio, with a focus on projects having a low-entry cost with a clear pathway to early results and to majority ownership. The acquisition of the exciting Kabompo South copper project in Zambia marks a first step in this direction.’
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TomCo Energy PLC - oil development group operating in the US - Reports results for year ended September 30. Posts no revenue, unchanged annually. Pretax loss widens to £2.3 million from £690,000. Looking ahead, TomCo says 2024 is set to be a ‘defining year’ for the company.
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Caledonian Trust PLC - Edinburgh-based property company - Revenue in the six months ended December 31 falls to £833,000 from a £2.2 million a year earlier. Swings to pretax loss of £415,000 from a profit of £353,000.
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