Small caps news round-up

Veterinary medicine supplier Animalcare said full year revenues rose by 8.6% to £14.70m and underlying operating profits were expected to be broadly in line with last year, exceeding market expectations. Revenue from sales of the Licensed Veterinary Medicines group was up 7.7% to £9.24m, with growth driven by full year sales of new distribution products launched late in the prior period, Animalcare said.

AIM-listed Cyan Holdings said it has signed a strategic partnership agreement with Enzen Global to collaborate to deliver expertise in narrowband mesh technology to the Internet of Things (IoT) market in Ireland. “This agreement will provide combined value to support Smart Energy, Smart Cities and IoT in the Irish market. CyanConnode's communication platform will enable Enzen to deliver Metering as a Service (MaaS), offering utilities an outsourced smart metering solution and reduced costs," Cyan said in a statement.

Digital Globe Services warned that operating profits would miss forecasts even though revenues would beat forecasts thanks to winning clients in new verticals and increased volumes from existing ones. The digital marketing specialist said it expected to deliver revenue for the year of approximately $48.0m (FY15: $40.3m), marginally ahead of market expectation.

Restaurant operator Fulham Shore’s full year profits rose after expanding its portfolio and said the company will prosper despite Brexit because of its price and product value. The company, which was admitted to AIM in October 2014, said revenues for the 12 months ended 27 March were about £29.2m in comparison to revenues in the nine months ended 29 March 2015 of about £8.3m.

Azerbaijan-focused gold, copper and silver producer Anglo Asian Mining posted an operations and production update for its Gedabek mine in western Azerbaijan on Thursday. The AIM-traded firm said that, for the six months to 30 June, gold production totalled 33,837 ounces, down from 35,938 ounces in the first half of the prior year.

Vietnam Infrastructure announced its decision to compulsorily repurchase and cancel all of its outstanding Listed Portfolio Shares on AIM. The purchase would take place on 17 August, the company said in a statement, with trading to be suspended on 15 August and cancellations effective from 18 August.

Almost 300 Co-op convenience stores are looking at a change of faceplate as the Co-operative Group announced agreements to sell them to rival operator McColl’s. The consumer co-operative confirmed around 3,800 employees will also transfer as part of the deal.

Minoan, a resort developer and travel agency, reported a half year wider pretax loss as its revenue grew and said it was cautious about Brexit. For the six months ended 30 April the company’s pre tax loss widened to £1.1m from £759,000 last year due to operating expenses and higher finance costs.