TRADING UPDATES: UK Oil & Gas annual loss widens on impairments
Fri, 16th Apr 2021 19:37
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
UK Oil & Gas PLC - London-headquartered exploration and production company - Posts pretax loss for the year ended September 30 last year of GBP20.9 million, widening from GBP5.4 million a year prior. Revenue increases to GBP908,000 from GBP213,000. Books GBP10.7 million impairment expense, up from GBP2,000 the year before. Does not declare a dividend, unchanged from the year prior. I have experienced many oil price downturns in my career, but none have been as unexpected or severe as 2020. Fortunately, the company and industry have been resilient enough to survive and adapt and to witness the hoped for bounce back in oil price. We all hope this will be long lived, says Chief Executive Stephen Sanderson.
TRADING UPDATES: OnTheMarket And Solid State Lift Profit Outlook
Mon, 22nd Feb 2021 11:34
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
OnTheMarket PLC - UK property search portal - Says trading for financial year ended January 31 ahead of expectations, with revenue seen at GBP23 million - versus GBP18.8 million in the 2020 financial year - and adjusted operating profit expected at GBP2.3 million, swinging from a loss of GBP9.2 million. These expected results reflect the measures taken during the year to support agents through customer discounts, whilst at the same time reducing costs and conserving cash, particularly through a reduction in marketing expenditure, company says. Back in December, OnTheMarket said it expected to report revenue of at least GBP22.5 million for its 2021 financial year and adjusted operating profit of at least GBP1.5 million.