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Proactive news highlights: ImageScan swings to a profit

Elsewhere, Asiamet Resources raises £2mln; Berkeley Energia adds another piece to the Salmanca puzzle; Tissue Regenix opens another door in the US; plus much more…

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Image Scan Holdings Plc  (LON:IGE), which supplies X-ray technology to the security and industrial markets, saw good growth across the board in its latest full year and swung to a pre-tax profit compared to a loss in 2015.

Profit for the 12 months to end September was £105,000 compared to a loss of £550,000 last year on sales, which were almost doubled to £3.3mln (2015: £1.7mln).

The firm took orders worth £4.3mln against £1.9mln last year, while portable X-ray sales tripled compared to the previous year.

Elsewhere, Asiamet Resources Ltd (LON:ARS) says it's brought in around £2mln from a private placing to progress the feasibility study at its flagship BKM (Beruang Kanan Main) copper mine project as it continues to advance funding options.

The project is a 25,000tpa (tonnes per annum) heap leach copper mine in Indonesia.

Following on from a recent US$30 mln fundraising, Berkeley Energia Limited (LON:BKY) has now purchased a major parcel of land necessary for the completion of its Salamanca uranium mine in Spain.

The acquisition of this land will allow for the completion of current infrastructure works, as well as allowing space for the construction of a substation, the processing plant, and reagent storage facilities.

Tissue Regenix Group PLC (LON:TRX) has opened another door in the US wound-care market after it signed a contract with a group purchasing organisation, Premier Inc.

Premier is a US-based healthcare improvement group purchasing organisation that has around 3,600 hospitals and 120,000 other healthcare providers on its books.

All of these will now have contracted access to Tissue Regenix’s DermaPure wound care product.

In other news, Galantas Gold Corporation (LON:GAL) has said that, subject to suitable financing, it plans to commence underground development at its Omagh mine in Northern Ireland.

Although development of the Omagh mine is currently the subject of a judicial review, the company does hold a valid consent for development, and given that the judicial review process has now been delayed, has decided to press ahead with development.

Redx Pharma Plc (LON:REDX) has presented pre-clinical data on its new leukaemia treatment at a key US gathering.

Neil Murray, Redx’s chief executive, said the reversible BTK inhibitor RXC005 had a compelling pre-clinical profile and he was delighted to have had the chance to present to the American Society of Hematology.

Food ingredients specialist Real Good Food PLC (LON:RGD) has proposed a maiden interim dividend payment, despite a slightly cloudy outlook for raw material prices.

The diversified food business is proposing to pay its first ever dividend (of 0.04p), it revealed in its interim results. 

The group said total group sales in the six months to the end of September rose 5% to £49.0mln from £46.7mln, primarily as a result of a strong performance by its Premium Bakery Division, which has been boosted by the inclusion of Chantilly Patisserie, the business it acquired in February.

And finally, Myanmar-focused social media group MySQUAR (LON:MYSQ) has upgraded its internet-based voice telephony through a contract with Hong Kong-based group M800. 

MySQUAR plans to start on-net calls (app to app) and off-net calls (app to mobile phones and landlines) by the end of December 2016 using M800’s tech.

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