(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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Eden Research PLC – biopesticides and plastic-free formulation technology company – Revenue for 2020 expected to be GBP1.6 million, down from GBP2.0 million in 2019, with a pretax loss and statutory operating loss of around GBP2.6 million versus GBP1.4 million in 2019. "Product sales during the period were affected by the impact of the global pandemic on the hospitality industry which, in turn, affected wine grape production methods and, inevitably, the widespread use of crop protection products. In addition, regulatory processes around the world were impacted by wide-scale disruptions to the working practices of government agencies as a direct consequence of the pandemic," company says.
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Gaming Realms PLC – London-based mobile games developer – Expects 2020 revenue and adjusted earnings before interest, taxes, depreciation and amortisation will be GBP11.2 million and GBP3.1 million respectively, reflecting a record month in December due to the company’s content licensing business. This positive momentum has continued into the start of 2021.
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Wheaton Precious Metals Corp – precious metals streaming company – Reports 2020 gold equivalent production of 672,619 ounces, exceeding the midpoint of 655,000 to 685,000 ounces guidance due to stronger than expected production from Penasquito and Antamina, partially offset by weaker production from Salobo, Constancia and Stillwater. For 2021, expects production of 720,000 to 780,000 gold equivalent ounces.
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Checkit PLC – Cambridge-based workflow management software provider – Says business performed ahead of board expectations in the fourth quarter. Reports total revenue of GBP3.4 million for three months to January 31, up 6% on a year ago. Believes that operating results for full-year will be around 15% better than current market estimates.
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Location Sciences Group PLC – London-based location verification company – Says revenue for 2020 expected to be around GBP1.1 million, down 12% on 2019, due to Covid-19’s hit to the location-based advertising industry. Loss before interest, taxes, depreciation and amortisation is expected to be around GBP770,000 for full-year, slimmer than GBP1.7 million loss the year before amid a cost reduction programme which resulted in administrative expenses reducing 41% on 2019. "Verify revenues have continued to be adversely impacted by the significantly reduced advertising spend caused by the pandemic. The anticipated uplift in Verify revenues during Q4 2020 did not materialise and there has been no improvement in the first part of 2021 due […]
