Keywords Studios PLC (LON:KWS) has once again hailed the performance of its recent acquisition after telling investors that it expects its full-year results to beat management and market expectations.
The video games services provider said a stronger-than-expected second half from Synthesis – which it bought back in April – was the main reason that revenues and adjusted profit before tax will be “significantly ahead” of current forecasts.
Keywords now expects profit before tax to not be less than €14mln for the 12 months to 31 December.
Top level internet domain registry business Minds + Machines Group Ltd (LON:MMX) has passed a major milestone in its Chinese business.
The group said it has now performed more than half a million registrations in the People’s Republic for its .vip domain, which is not bad going, as it only went on sale in May of this year.
In the resources sector, Rare Earth Minerals plc’s (LON:REM) Canadian associate Macarthur Minerals (CVE:MMS) has doubled its acreage around its Stonewall lithium project in the Lida Valley in Nevada.
Shares in Diamondcorp Plc (LON:DCP) moved up after the company said that it would now not be selling its major asset, the Lace diamond mine in South Africa.
Patagonia Gold plc (LON:PGD) intercepted gold in eight of the nine holes drilled at its Chamizo prospect in Uruguay, with five described as significant intercepts.
Best of the intercepts were a width of 15.5 metres with1.38 grams per tonne (g/t) gold and 16.2 metres at 1.72 g/t at depths to 150m.
Activity at the Arapua fertiliser project in Brazil, owned by Harvest Minerals Limited (LON:HMI) is proceeding on several fronts.
The application for a trial mining permit is with the mines department and is likely to be granted shortly, pending the outcome of an inspection that Harvest is scheduling to coincide with the completion of civil and infrastructure works.
Meanwhile, exploration drilling continues, with a view to expanding the size of the resource at Arapua, with results expected early in 2017.
Away from resources, Amryt Pharma PLC (LON:AMYT) has been granted orphan drug status in the US for a compound to AP102 to treat patients with the excess growth condition acromegaly.
Meanwhile, mid-range hotels developer and manager Action Hotels PLC (LON:AHCG) has turned a profit on the sale of its undeveloped investment land at Sharq, in Kuwait.
It has agreed to sell the land to Action Real Estate Company for around US$14.6mln, trousering a profit of around US$2.2mln in the process, having purchased the asset for US$12.4mln in June 2014.