(Alliance news) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Sequoia Economic Infrastructure Income Fund Ltd - London-based income fund - Reports a net asset value per share of 93.71 pence each as at December 31, up 0.5% from 93.25 pence each on November 30. "As the company is approximately 100% currency hedged, it does not expect to realise any material FX gains or losses over the life of its investments. However, the company's NAV may include unrealised short-term FX gains or losses, driven by differences in the valuation methodologies of its FX hedges and the underlying investments - such movements will typically reverse over time," it says.

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Revolution Bars Group PLC - Ashton-under-Lyne, England-based bar chain - In the first half of 2022, reports like-for-like sales 9.4% below the same period pre-pandemic. As a result, the board reassess its expectations for financial 2023, which ends in June, assuming that industrial action subsides and energy prices hold at their current levels. It now expects earnings before interest, tax, depreciation and amortisation for the year lower than previously anticipated. Anticipates the figure at the bottom end of market expectations, which it puts between GBP6.7 million to GBP10.5 million. More positively, in the Christmas trading period, sees like-for-like sales rise by double-digits against the previous year thanks to strong corporate party bookings. Like-for-like sales grow by 17% in the five weeks to December 31. The Christmas trading period was hurt by industrial action across the UK, Revolution Bars adds.

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Medica Group PLC - Hastings, England-based company which provides services such as x-ray and MRI scan analysis to hospitals - Says it has had a strong performance for the second half of 2022, driven by UK Elective revenue returning to expected levels due to a "strong recovery in radiologist reporting capacity from September onwards". Overall, group revenue amounts to GBP77.0 million for 2022, in line with market expectations, up 24% year-on-year. Gross margins remain resilient at 48%. Expects underlying operating profit to be in line with market expectations.

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Naked Wines PLC - Norwich-based online wine seller - Expects adjusted earnings before interest and tax for financial 2023 to be in the range of GBP13 million to GBP17 million at the top end of expectations. This is up from previous guidance of GBP9 million to GBP13 million. Reports solid third quarter trading performance with flat reported revenue compared to the prior year.

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National World PLC - Leeds-based multimedia company - Proposes a maiden dividend in conjunction with the release of its full-year results on March 16, thanks to its 2022 performance and a strong outlook. Expects revenue in 2022 to be no less than GBP84.0 million. In 2021, revenue totalled GBP86.0 million. National World says the revenue performance was underpinned by robust digital revenue growth of 25% against the previous year. Full-year adjusted earnings before interest, tax, depreciation and amortisation is expected at no less than GBP9.4 million, which would be down from GBP10.1 million the year prior.

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By Xindi Wei, Alliance News reporter

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