More positive trading news from internet names wholesaler and online marketing provider CentralNic (LON: CNC) has boosted the share price by 14.1% to 129.5p. First half revenues were $335m – pro forma organic growth is 62% – and adjusted EBITDA $38m. Zeus has edged up its 2022 pre-tax profit forecast from $54.2m to $57.2m. That assumes lower second half revenues than in the first half. The additional payment for KeyDrive SA is $1.14m. Net debt could fall to $51.2m by the end of the year. The online marketing activities are gaining market share. The interims will be reported on 30 August. CentralNic has been included in the FTSE UK 50 and FTSE AIM 100.
Plant Health Care (LON: PHC) revenues increased by 60% to $5.6m in the first half. Sales of products in South America more than quadrupled. Plant Health Care is on course to achieve revenues of $10.3m this year. The higher sales are helping to improve margins, but a loss is expected in 2022 before moving into profit in 2023. Plant Health Care shares were 12.3% higher at 10.05p.
Narrowband radio frequency technology provider CyanConnode (LON: CYAN) says that full year revenues increased from £6.4m to £9.3m, which is better than expected. There was £2.4m of cash in the bank. At the end of March, CyanConnode raised £2m at 14p a share. The share price rose 10.6% to 13p.
Disinfection products supplier Tristel (LON: TSTL) announced a special dividend of 3p a share on top of a final dividend of 3.93p a share. Full year revenues are 4% ahead at £28.4m and adjusted pre-tax profit is 12% higher at £4.5m. The second half was stronger as more patient procedures have been undertaken. FDA approval for the Duo ULT could be achieved next year. A 8.03% rise pushed up the share price to 370p.
Great Western Mining (LON: GWMO) says that drilling at the Olympic gold project in Nevada has shown positive indications. Five holes have been drilled on the known OMCO vein. The shares rose 9.26% to 0.1475p.
Rui Sant’ana Afonso has resigned as chief executive of Agriterra (LON: AGTA). Hamish Rudland, who controls the largest investor in the African agriculture company, becomes interim chief executive. The share price fell 16.2% to 4.02p.
There was a fall in the share price of Northern Bear (LON: NTBR) even though it improved its underlying pre-tax profit in the year to March 2022. Revenues rose from £49.2m to £61.1m, while profit jumped from £1.19m to £2.39m. There was a reported loss in both years after substantial impairment charges. Net cash is £2.2m. A strategic review continues. The shares are 5.22% lower at 54.5p.
Semiconductor wafers supplier IQE (LON: IQE) has fallen 5.04% following the announcement of a patent lawsuit against Tower Semiconductors, which IQE claims used its trade secrets to obtain patents.