(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Brickability Group PLC - Bridgend, Wales-based construction materials distributor - Expects revenue for the six months ended September 30 to be about GBP353 million, up 58% from about GBP223 million the year before. On a like-for-like basis, this would represent an increase of about 10% compared to a year prior. Hence, firm anticipates reporting adjusted earnings before interest, tax, depreciation and amortisation of at least GBP25 million, up from GBP18 million a year earlier. Says performance in the period continues to be strong with sales and profit growth across each of the group's four divisions. Adds that order books remain in line with expectations, and it remains confident of delivering guidance for the year ending on March 31 next year.
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Mast Energy Developments PLC - London-based developer of reserve power generations plants - Notes an update for its Pyebridge generation facility. Posts electricity generation sales revenue of about GBP854,000 for the six months ended August 31. Says total electricity generation output for the period is 2,280 megawatts per hour. In August alone its sales revenue amounts to about GBP314,000. Says the average electricity generation sales price per MWh achieved during the period is about GBP370, which is "around 5 times higher than GBP66 at the time of its initial public offering in April last year. Looking ahead, firm expects Pyebridge's annual revenue to be in the range of GBP1.8 million to GBP2.1 million.
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Vaalco Energy Inc - Houston, Texas-based hydrocarbon explorer - Completes the floating storage and offloading vessel installation and field reconfiguration at Etame field. Says third quarter sales volumes amount to 731,000 net barrels of oil, representing 8% above the midpoint of guidance. Chief Executive Officer George Maxwell says production for the third quarter was approximately 9,150 net barrels of oil per day and sales volumes were approximately 7,952 net barrels of oil per day.
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By Xindi Wei; xindiwei@alliancenews.com
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Brickability Group (BRCK)
Mast Energy. (MAST)
Vaalco Energy (EGY)