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Pin to quick picksArgo Blockchai. Share News (ARB)

Share Price Information for Argo Blockchai. (ARB)

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Share Price: 12.00
Bid: 11.50
Ask: 12.50
Change: 0.00 (0.00%)
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TRADING UPDATES: Sanderson Design profit doubles on revenue growth

Thu, 28th Apr 2022 16:59

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

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Sanderson Design Group PLC - Buckinghamshire-based interior furnishings company - For the year ended January 31, pretax profit more than doubles to GBP10.4 million from GBP4.9 million the year before, on revenue which grows 20% to GBP112.2 million from GBP93.8 million, and edging above pre-virus figure of GBP111.5 million. Revenue growth is driven by the receding effect of Covid-19 and double digit growth in brand product and manufacturing sales. Reinstates dividend with final payout of 2.75 pence per share, giving total dividend of 3.50p. "Trading in the first three months of the current financial year has performed in line with our expectations, with continued demand for manufacturing and strong brand sales," says Chair Dianne Thompson.

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HSS Hire Group PLC - Manchester-based equipment rental firm - For the year ended January 1, swings to pretax profit of GBP6.1 million from loss of GBP29.6 million the year before, as revenue climbs 21% year-on-year to GBP303.3 million from GBP250.1 million, on strong growth from Rental and Services. Looking ahead, for the first quarter of the 2022 financial year, revenue rises 13% while earnings before interest, tax, depreciation and amortisation is in line with management expectations.

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Schroder Japan Growth Fund PLC - seeks growth via investing in Japanese stocks - For the six months ended January 31, reports net asset value total return of 1.0%, outperforming the benchmark index which made a negative return of 0.6%. As at January 31, net asset value per share increases 4.6% at 230.61 pence, from 221.61p the same date the year before. Declares no interim dividend, in line with prior year.

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Argo Blockchain PLC - London-based cryptocurrency miner - For 2021, pretax profit hikes to GBP39.3 million from GBP1.4 million, on revenue which rose sharply to GBP74.2 million from GBP19.0 million, attributed to a significant increase in the company's hashrate to 1,605 petahash from 645 petahash, and higher Bitcoin prices in 2021. Despite a pullback in the equity market across most sectors due to the Ukraine war and inflation concerns in the first quarter of 2022, bitcoin prices remain flat over the period.

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Keystone Law Group PLC - London-headquartered law firm - For the year ended January 31, pretax profit rises 55% to GBP8.4 million from GBP5.4 million, driven by a 27% year-on-year increase in revenue to GBP69.6 million from GBP55.0 million, due to a bounce bank in the legal market, with strong activity levels and increased demand. Declares final ordinary dividend of 11.2 pence per share, bringing the total payout to 15.7p, up 51% from 10.4p the prior year. Also declares special payout of 10p. Looking ahead, current financial year has started well, and the company says it is well placed for another strong annual performance.

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Braime Group PLC - Leeds-based manufacture of metal presswork and material handling components - For 2021, pretax profit dips to GBP1.1 million from GBP1.2 million the year before, mainly as a result of exceptional costs, derived from extensive repairs to the chain cell area of its Hunslet Road property. This is in spite of revenue growing 11% to GBP36.4 million from GBP32.8 million on higher demand from customers for commercial vehicle components, and material handling components. Declares second dividend of 8.20 pence per share, bringing total payout to 12.45p, up from 11.8p the prior year. Looking ahead, first quarter of 2022 has started positively, with sales running well ahead of the same period a year before.

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Beximco Pharmaceuticals Ltd - Bangladesh-based generic pharmaceutical products and active pharmaceutical ingredients maker - For the third quarter ended March 31, post tax profit drops 27% to BDT1.07 billion, around GBP9.4 million, from BDT1.47 billion the same period a year prior, as a result of non-recurring vaccine income derived from the third quarter of 2021. This is in spite of a 22% rise in revenue to BDT8.96 billion from BDT7.36 billion. For the nine month period, post tax profit rises 14% to BDT4.20 billion, on revenue which grows 19% year-on-year to BDT25.93 billion. "This has been underpinned by positive operational developments such as the receipt of sublicenses to produce generic versions of molnupiravir and Paxlovid from the United Nations-backed Medicines Patent Pool and the ongoing integration of Sanofi Bangladesh, which has now been renamed Synovia Pharma PLC," says Managing Director Nazmul Hassan.

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Checkit PLC - Cambridge-based workflow management firm - For the year ended January 31, pretax loss widens to GBP7.1 million from GBP5.3 million, as revenue edges upward to GBP13.3 million from GBP13.2 million, driven by a 43% rise in annual recurring revenue run rate at GBP8.2 million, on new customers wins. Looking ahead, Checkit's trading since the start of the new financial year has progressed in line with management expectations.

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Novacyt SA - Surrey-based biotechnology group focused on clinical diagnostics - For 2021, sinks to pretax loss of GBP9.8 million from profit of GBP165.2 million the year before, on revenue which declines 65% to GBP95.8 million from GBP277.2 million, as during the year the company shifted sharply from large, centralised contracts and more into independent testing, as Covid products continue to form a large section of total revenue. Looking ahead, should Covid revenue decline continue, company expects revenue for 2022 to range from GBP35 million to GBP45 million, but the company believes it can reach annual revenue in excess of GBP100 million in five years.

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DP Aircraft I Ltd - Guernsey-based aircraft leasing company - For 2021, pretax loss narrows to USD21.9 million from USD155.1 million the year before, due to the lack of impairment charges on aircraft, more than offsetting a 79% plunge in total income to USD18.3 million from USD88.6 million. Net asset value per share as at December 31 is 17.37 US cents, down from 27.81 cents the prior year.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
18 Apr 2024 14:17

UK earnings, trading statements calendar - next 7 days

Friday 19 April 
888 Holdings PLCTrading Statement
Man Group PLCTrading Statement
Monday 22 April 
Brave Bison Group PLCFull Year Results
Elixirr International PLCFull Year Results
Frenkel Topping Group PLCFull Year Results
Mobico Group PLCFull Year Results
South32 LtdQ3 Results
Ten Lifestyle Group PLCHalf Year Results
Tuesday 23 April 
Alliance Pharma PLCFull Year Results
Alphawave IP Group PLCFull Year Results
Anglo American PLCTrading Statement
ASA International Group PLCFull Year Results
Associated British Foods PLCHalf Year Results
Eleco PLCFull Year Results
GB Group PLCTrading Statement
Jupiter Fund Management PLCTrading Statement
Maintel Holdings PLCFull Year Results
Property Franchise Group PLCFull Year Results
Taylor Wimpey PLCTrading Statement
tinyBuild IncFull Year Results
Trellus Health PLCFull Year Results
Wednesday 24 April 
1Spatial PLCFull Year Results
abrdn PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Lloyds Banking Group PLCQ1 Results
Nichols PLCTrading Statement
PensionBee Group PLCFirst Quarter Results
PZ Cussons PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
Sanderson Design Group PLCFull Year Results
Serica Energy PLCFull Year Results
Star Energy Group PLCFull Year Results
Tortilla Mexican Grill PLCFull Year Results
Tracsis PLCHalf Year Results
Warpaint London PLCFull Year Results
Thursday 25 April 
Aquila European Renewables PLCFull Year Results
Argo Blockchain PLCFull Year Results
AstraZeneca PLCQ1 Results
Barclays PLCQ1 Results
Checkit PLCFull Year Results
Coca-Cola Europacific Partners PLCTrading Statement
Destiny Pharma PLCFull Year Results
Hikma Pharmaceuticals PLCTrading Statement
Focusrite PLCHalf Year Results
Ibstock PLCTrading Statement
Inchcape PLCTrading Statement
J Sainsbury PLCFull Year Results
London Stock Exchange Group PLCQ1 Results
Persimmon PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
PureTech Health PLCFull Year Results
Relx PLCTrading Statement
Renewi PLCTrading Statement
Schroders PLCQ1 Results
Skillcast Group PLCFull Year Results
Travis Perkins PLCTrading Statement
Trifast PLCTrading Statement
Unilever PLCQ1 Results
WAG Payment Solutions PLCTrading Statement
Weir Group PLCTrading Statement
WH Smith PLCHalf Year Results
WPP PLCTrading Statement
Zinc Media Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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5 Apr 2024 10:54

Argo Blockchain ups Bitcoin mining production in March amid relocation

(Alliance News) - Argo Blockchain PLC on Friday said it mined more Bitcoin in March than a month earlier, despite network difficulties.

Read more
5 Mar 2024 17:09

EARNINGS AND TRADING: Harland & Wolff wins major Falklands contract

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

Read more
5 Feb 2024 09:18

Argo Blockchain shares drop on Bitcoin production falling in January

(Alliance News) - Argo Blockchain PLC on Monday said Bitcoin production fell in January, blaming a fall in hashprice and weather affecting its facilities.

Read more
8 Jan 2024 12:39

IN BRIEF: Cellular Goods interim CEO Darcy Taylor resigns on Monday

Cellular Goods PLC - London-based cannabinoid skincare manufacturer and carbon sequestration service developer - Announces resignation of Darcy Taylor from position as chair and interim chief executive officer. Appoints Michael Edwards as executive director with immediate effect. Edwards has over 20 years of technology investment experience, and was co-founder of the Argo Blockchain PLC and NFT Investments PLC digital asset companies.

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8 Jan 2024 08:43

Argo Blockchain raises GBP7.8 million in placing; December revenue up

(Alliance News) - Argo Blockchain PLC on Monday said that funds raised through the share placing would be used to repay debts, after closing out 2023 with a "strong performance".

Read more
4 Dec 2023 10:50

Argo Blockchain mining revenue up in November as mines more bitcoin

(Alliance News) - Argo Blockchain PLC on Monday reported an increase in bitcoin mined as well as revenue growth.

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27 Nov 2023 12:54

IN BRIEF: Argo Blockchain hires former CBOE Digital chief to be CEO

Argo Blockchain PLC - London-based cryptocurrency miner - Hires Thomas Chippas as chief executive officer and board member, starting immediately. New York-based Chippas most recently was CEO of CBOE Digital, a crypto trading and clearing firm that is part of Cboe Global Markets Group. He also was CEO of Citadel Technology LLC and worked at financial firms Citigroup Inc, Barclays PLC and Deutsche Bank AG. "The pace of innovation in the bitcoin mining industry continues to increase as miners seek ever greater efficiency and capacity in preparation for the bitcoin halving and beyond," Chippas says.

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14 Nov 2023 14:21

TRADING UPDATES: Byotrol interim sales flat; Argo loss narrows

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

Read more
3 Nov 2023 09:59

IN BRIEF: Argo Blockchain mines more bitcoin in October than September

Argo Blockchain PLC - London-headquartered cryptocurrency mining company - Mines 143 Bitcoin or Bitcoin equivalents, or 4.6 Bitcoins per day, in October. This compares to mining 136 Bitcoin or Bitcoin equivalents or 4.5 Bitcoins per day in September. Says daily production up 2% in October from September, despite a 7% increase in the monthly average network difficulty in October to September. Says this is primarily due to fewer hours of economic curtailment at Helios in October. October mining revenue is USD4.3 million, up 19% from USD3.6 million in September.

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5 Oct 2023 11:09

Argo Blockchain mines more bitcoin in September on power credits

(Alliance News) - Argo Blockchain PLC on Thursday reported an increase in bitcoin mined during September, which it attributed to significant power credits from economic curtailment.

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8 Sep 2023 13:56

Argo Blockchain mines less bitcoin in August on economic curtailment

(Alliance News) - Argo Blockchain PLC on Friday reported a reduction in bitcoin mined during August, which it attributed to economic curtailment at its mine in Texas.

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29 Aug 2023 10:10

Argo Blockchain reduces debt but Bitcoin decline hits revenue

(Alliance News) - Argo Blockchain PLC on Tuesday said it reduced its debt during the first half year as its interim loss narrowed, but that various cryptocurrency headwinds caused revenue to fall.

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4 Aug 2023 09:30

Argo Blockchain hails hashrate capacity while mining falls in July

(Alliance News) - Argo Blockchain PLC on Friday celebrated a return to growth in its total hashrate capacity in July, despite mining less bitcoin compared to June.

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19 Jul 2023 09:52

IN BRIEF: Argo Blockchain raises GBP6 million to pursue growth ideas

Argo Blockchain PLC - London-based cryptocurrency miner - Raises GBP5.1 million in placing of 51.3 million shares at 10 pence per share with institutional investors by Tennyson Securities. Retail investors subscribe through PrimaryBid platform for a further 6.2 million shares at the same price, adding GBP616,000. Total raise brings in around GBP5.8 million. The placing price represents a discount of 26% to Tuesday's closing price and 14% to the stock's 30-day average. The new shares are equal to about 12% of the company's total prior to the offer.

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