Company News in Brief

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Bridon, the ropes and nettings maker, has sold its engineering companies to Vector Industries, an investment group, for pounds 13m in cash.

Bisichi Mining, the mining finance and investment firm, revealed a sharp drop in pre-tax income from pounds 161,000 to pounds 40,000 for the year ended 31 December, which led to Lps of 0.04p, down from Eps of 1.2p. The fall followed provisions made against investment interests in South Africa. The total payout rose to 0.68p (0.63p).

Britannia Group, the property developer, deepened taxable losses from pounds 393,000 to pounds 503,000 for the year to 31 December. Lps worsened to 3.9p (3.2p). No dividend.

Centregold, the computer games publishers and distributors, announced a jump in pre-tax profits from pounds 2.1m to pounds 2.6m in the six months to 31 January, helped by a 43 per cent increase in turnover to pounds 52.6m ( pounds 36.6m). Eps 4.7p (4.46p). Interim dividend is 0.8p.

Creston Land & Estates made pounds 14,000 pre-tax profit (loss pounds 65,000) in the six months to 31 December. Eps 0.03p (Lps 0.25p). No dividend.

Harmony Property, which exchanged contracts to buy a property portfolio last week for pounds 7.05m, reduced taxable losses to pounds 323,000 ( pounds 344,000) in the six months to 30 September. Turnover fell from pounds 3.1m to pounds 2.2m. Lps fell to 0.5p (0.95p). No dividend.

London & Associated IT declared a final dividend of 0.59p, making a higher total payout of 0.64p (0.58p), after making pounds 1.5m ( pounds 1.1m) pre-tax profit for the year ended 31 December. Eps rose to 1.48p (0.9p). Net assets grew to pounds 35.6m.