Small cap round up

EasyHotel is trading in line with expectations as the market improved in the last two months of December, while the budget hotel operator plans to open further hotels during 2017.The AIM-listed company said for the year ended 30 September the company had made “good progress” and is in line with expectations for both its owned and franchised hotels, and remains on track to deliver its development strategy.

Energy holding company Thalassa announced on Monday that it expects profit for the year ended 31 December 2016 to exceed market expectations.The AIM-traded firm said it estimates that it will report revenue of approximately $14m and profit before tax - excluding consolidation of the holding in The Local Shopping REIT using the equity method - of approximately $2.2m.

Shares soared in HaiKe Chemical Group as the Chinese firm announced that it expects profit to be “considerably” ahead of the previous year, largely driven by a positive performance in the second half of 2016, while it has also a new chief financial officer. The AIM-listed chemical company expects profit for the 2016 calendar year will a be “considerably” ahead of the previous year, largely due to a positive operational performance in the second half of the year driven by a focus on higher margin chemical products, product innovation and cost controls.

LED lighting and electro-mechanical system manufacturer and distributor LPA Group announced record results for the year to 30 September on Monday, with continuing strong performance in the start to the current financial year.The AIM-traded company reported sales up 31.7% during the year, at £21.42m, with operating profit before exceptional items improving 427% to £1.533m.

Ascent Resources, an AIM listed independent energy company, has successfully completed wireline operations at its Pg-10 well. The service team have cleared debris from the well and perforated production tubing at a depth of 3,102m where it is in contact with the reservoir.

Welsh chemical company Revolymer has penned a supply and marketing agreement for its odour removal additive with Yorkshire-based rival Croder. Revolymer’s US subsidiary Itaconix, which it bought for about $7m in June 2016, agreed to a global supply and joint marketing deal with Croda for the company’s polymer-based odour removal additive, Zinador 22L.