(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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MP Evans Group PLC - producer of sustainable Indonesian palm oil - Revenue in 2020 jumps 46% to USD174.5 million from USD119.3 million. Pretax profit more than doubles to USD28.4 million from USD12.8 million. Says total crop processed up 21% to 1.2 million tonnes. Crude palm oil output alone up 17% to 272,000 tonnes. "I am pleased to report that 2020 was another record year for production and revenue resulting in a sharp rise in profit," Executive Chair Peter Hadsley-Chaplin says. Raises payout by 24% to 22.00 pence per share from 17.75p. Plans 30p payout for 2021, up 36% from 2020.
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Pebble Group PLC - Manchester-based technology and services for promotional products industry - Revenue in 2020 falls 23% to GBP82.4 million from GBP107.2 million. However, Pebble swings to GBP5.0 million pretax profit from GBP10.3 million loss. Exceptional costs almost wiped out to GBP542,000 from GBP17.3 million. "Given the impact of the pandemic, the focus on cash preservation and the group's use of the UK Job Retention Support Scheme in the year under review, the board considers that a dividend payment in respect of 2020 would be inappropriate. We remain committed to the dividend policy stated at IPO and will review dividend payments in respect of 2021, as the new financial year progresses," Pebble adds.
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AMTE Power PLC - lithium-ion battery cells manufacturer - Newly-floated AMTE says revenue in six months to December 31 up 7.7% to GBP623,536 from GBP578,702 a year earlier. Pretax loss stretches to GBP1.5 million, however, from GBP856,612. Posts just GBP1.2 million in finance income, compared to GBP8.2 million a year earlier.
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Ergomed PLC - pharmaceutical services firm - Revenue in 2020 rises 27% to GBP86.4 million from GBP68.3 million in 2019. Pretax profit more than doubles to GBP12.6 million from GBP5.0 million. "We have been able to adapt our business model to the challenge and are proud to play a role in helping to combat the disease [Covid-19]. We are confident that we will continue to be able to bring our expertise and proven capabilities to bear in advancing drug development in the field and improving outcomes for patients," Ergomed says.
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Judges Scientific PLC - London-based scientific instrument sector investor - Revenue in 2020 down 3.2% to GBP79.9 million from GBP82.5 million. Pretax profit falls 31% to GBP9.5 million from GBP13.6 million, but Judges notes that it secured "significant profit" in every month of year, despite Covid-19 pressure. Ordinary dividend raised by 10% to 55.0 pence per share from 50.0p. However, Judges paid a GBP2 special dividend in 2019.
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Symphony International Holdings Ltd - Hong Kong-based investor - Net asset value per share falls 25% to USD0.7384 at the end of 2020, from USD0.9805 at the end of 2019. "Despite a challenging year, Symphony's portfolio companies were able to weather 2020, albeit with some mixed results. Sectors, such as hospitality and lifestyle, where we have traditionally had a large exposure, have been materially impacted, but most investee companies in other sectors returned to positive growth during the latter half of the year," Symphony says.
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Temple Bar Investment Trust PLC - investment trust - Net asset value per share at end of 2020 down 31% to 1,009.88p from 1,473.13p a year earlier. "The results for the year ended 31 December 2020 overall were very disappointing," Temple Bar says. Cuts total payout by 25% to 38.5p per share from 51.39p.
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Anglo African Agriculture PLC - agriculture investment company - Revenue in year ended October 31 falls 2.5% to GBP1.77 million from GBP1.82 million. Pretax loss widens to GBP1.0 million from GBP284,665. Administrative expenses almost double to GBP1.1 million from GBP621,411.
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By Eric Cunha; ericcunha@alliancenews.com
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