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Pin to quick picksNexus Infrastr. Share News (NEXS)

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EARNINGS UPDATES: Nexus Infrastructure swings to annual profit

Thu, 18th May 2023 13:27

(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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Nexus Infrastructure PLC - Braintree, England-based provider of civil engineering infrastructure services to the UK housebuilding sector - Says Tamdown, its operational business, has continued to see improvement in its operational and commercial performance in the six months ended March 31. Company swings to a pretax profit of GBP72.3 million in the half from a loss of GBP378,000 the year prior. Revenue climbs 9.3% to GBP51.0 million from GBP46.7 million year-on-year. Declares an interim dividend of 1.0 pence per share, unchanged from the year prior. Notes that in recent weeks it has seen early indications of improvements in market conditions, with a number of housebuilders commenting on an increase in enquiries and sales conversions. Says that while this is encouraging, it is likely to take "some months" for this to be fully reflect within Tamdown.

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Great Western Mining Corp PLC - Nevada, US-focused gold, silver and copper project developer - Posts a widened annual loss in a year of "intense activity" in which it accelerated its exploration programme on three of its prospects. Reports a loss of EUR792,263 in 2022, widening from a loss of EUR535,960 the year prior. Total assets at year-end fall to EUR9.0 million from EUR9.3 million year-on-year. Currently has no revenue from its operations. Looking ahead, outlines three main aims for 2023. First, to get the process mill online in 2023 and producing the company's first ever revenue from the sale of gold and silver concentrates. Second, to develop a commercial gold and silver play from one or more of its prospects. Third, to see if there is a significant copper prospect on its claims beyond its current indicated and inferred resource.

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Ecofin Global Utilities & Infrastructure Trust PLC - Chelmsford, England-based investment trust focused on utility and infrastructure companies - Reports a net asset value per share of 212.07 pence at March 31, up from 208.14p at September 30. Total NAV per share return in the six months ended March 31 is 3.7%. In contrast, the MSCI World Index returns 6.8% over the same six month period. "The outlook for earnings and growth held up well while there was no further bad news about windfall tax and government policies. The benefits of a balanced portfolio showed through: good performance in continental Europe outweighed dual headwinds of share price weakness in North America and the strengthening of the pound against the dollar," the company says.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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23 Oct 2020 11:41

Nexus Infrastructure expecting smaller loss as markets slowly recover

(Sharecast News) - Infrastructure services company Nexus Infrastructure updated the market on its full-year of trading on Friday, reporting that trading in the second half was "severely impacted" by the Covid-19 pandemic.

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15 Jun 2020 18:27

DIRECTOR DEALINGS: Nexus Infrastructure Directors Buy Shares

DIRECTOR DEALINGS: Nexus Infrastructure Directors Buy Shares

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12 Jun 2020 10:32

Nexus Infrastructure Sees Interim Profit Growth; Raises GBP10 Million

Nexus Infrastructure Sees Interim Profit Growth; Raises GBP10 Million

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12 Jun 2020 09:51

Nexus Infrastructure raises £10m via placing

(Sharecast News) - Infrastructure services provider Nexus revealed on Friday that it has raised gross proceeds of £10m via a placing of 7.14m new ordinary shares.

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21 Apr 2020 13:41

UK TRADING UPDATE SUMMARY: Michelmersh And Titon To Restart Production

UK TRADING UPDATE SUMMARY: Michelmersh And Titon To Restart Production

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21 Apr 2020 08:58

Nexus Infrastructure CEO waives salary as co pulls guidance

(Sharecast News) - Infrastructure services firm Nexus said its chief executive would take no salary and staff furloughed as a result of the Covid-19 pandemic.

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27 Mar 2020 14:22

REPEAT: UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs

REPEAT: UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs

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27 Mar 2020 14:03

UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs Amid Covid-19

UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs Amid Covid-19

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10 Dec 2019 10:59

Nexus Infrastructure In Record Revenue But Profit Lags

Nexus Infrastructure In Record Revenue But Profit Lags

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10 Dec 2019 10:16

Nexus Infrastructure profit dives amid margin pressure

(Sharecast News) - Nexus Infrastructure on Tuesday reported a slump in full year profits as delays and pricing pressure saw higher costs overshadow revenue growth.

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23 Oct 2019 09:48

Nexus on track to meet FY expectations as divisional revenues increase

(Sharecast News) - Infrastructure services provider Nexus said on Wednesday that full-year profits should be in line with market expectations as the underlying demand in the UK housing market looked set to remain strong.

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23 Oct 2019 08:50

Nexus Infrastructure Outlook Confident; Expects Annual Profit In Line

Nexus Infrastructure Outlook Confident; Expects Annual Profit In Line

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8 Aug 2019 15:11

DIRECTOR DEALINGS: Nexus Infrastructure Non-Executive Buys Shares

(Alliance News) - Nexus Infrastructure PLC said Non-Executive Director Alexander Wiseman bought shares in the infrastructure services provider on Thursday.Wiseman acquired 14,000 shares in

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21 Jun 2019 14:52

DIRECTOR DEALINGS: Nexus Infrastructure Finance Chief Buys Shares

(Alliance News) - Nexus Infrastructure PLC said Friday that Chief Financial Officer Alan Martin bought shares in the infrastructure services firm worth GBP13,750 in a transaction on - finance 2015

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21 May 2019 10:41

Nexus Infrastructure Profit Weakens On Costs; Revenue, Orders Rise

LONDON (Alliance News) - Infrastructure services firm Nexus Infrastructure PLC held firm on its interim dividend Tuesday despite profit weakening amid higher costs, as revenue and orders continued

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