3 Companies Rising on Good News for Tuesday 23rd May 2023

Episode 1446,   May 23, 2023, 10:57 AM

3 Companies Rising on Good News for Tuesday 23rd May 2023

1. Calnex Solutions #CLX - FY23 Final Results

Revenue growth of 25% to £27.4m (FY22: £22.0m).

Growth in profit before tax of 21% to £7.2m (FY22: £6.0m).

Closing cash position, including fixed term deposits, of £19.1m (31 March 2022: £15.4m).

Proposed final dividend of 0.62 pence per share, making a total of 0.93 pence per share for FY23 (FY22: 0.84 pence).

2. XP Factory #XPF - Final results for the year ended 31 December 2022

FINANCIAL HIGHLIGHTS

£22.8m Group revenue - up 228% vs prior year (2021: £7.0m)

£2.6m adjusted EBITDA pre IFRS16 (2021: loss £0.6m)

£9.8m Escape Hunt™ owner-operated revenue up 62% vs prior year (2021: £6.0m)

£9.5m Boom Battle Bar™ owner-operated revenue of in its first full year of operation

£1.3m Group operating profit (2021: loss of £0.5m)

£3.2m cash at year end (2021: £8.2m) and £4.0m on 30 April 2023

3. Southern Energy Corp #SOUV - GWINVILLE FIELD ACQUISITION

Southern Energy Corp announce that it has entered into a definitive agreement with PetroTX Energy to acquire the remaining producing acreage in the Gwinville Field not already owned by the Company, in Jefferson Davis County, Mississippi for a cash purchase price of $3.2 million.

The Assets are currently producing approximately 400 boe/d (99% natural gas) and include significant redevelopment opportunities in the Selma Chalk formation.

The Assets are expected to increase well inventory in Gwinville by as much as 20%.