(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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Real Good Food PLC - Liverpool-based food producer - Reports strong revenue growth and improved underlying performance for half year ended September 30. Revenue from continuing operations increases 30% to GBP19.9 million from GBP15.4 million. Sales are also up on pre-pandemic financial year 2019. Pretax loss narrows to GBP1.2 million from GBP4.7 million. Highlights that revenue has bounced back to pre-covid levels and is projected to exceed last year. Launch of new products will "continue at pace during the second half of the year". Increased revenue and selective price increases are expected to largely mitigate the impact of higher logistics, raw material, packaging, and labour costs, company says.
Executive Chair Mike Holt comments: "We have made a good start to the year and the group is in good shape for the seasonally busier second half of the year. Overall, prospects for the remainder of the year are good and we are confident of being able to report on further progress being made. In addition, the board has committed to spend GBP900,000 this year on capital expenditure to accelerate the progress being achieved."
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Seraphine Group PLC - London-based maternity and nursing wear maker and retailer - Posts interim revenue of GBP20.8 million for half year ended October 3, up 32% on GBP15.8 million year before. Falls to a pretax loss of GBP7.4 million from a GBP1.8 million profit the year before. Beginning of second half has seen a building of momentum, Seraphine states, with constant currency sales growth of 51%. Acknowledges retail store environment remains challenging and footfall still below pre-Covid levels.
"The actions taken to rebuild momentum are having a positive impact on current trading and we are therefore confident in delivering on our updated guidance for the full year," says Chief Executive David Williams.
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Clipper Logistics PLC - e-fulfilment and returns management services provider - Grows revenue in first half ended October 31 to GBP406.1 million from GBP305.2 million year before. Credits growth to continuing momentum within online and the reopening of bricks and mortar retail. Pretax profit rises slightly to GBP16.1 million from GBP14.3 million. Claims to be "well positioned to capitalise on the mega-trend towards online retail, not just in the UK but in mainland Europe and further afield". On back of solid first half, declares interim dividend 4.5 pence per share up from 4.0p last year.
"We remain positive in the group's outlook for the current year and the longer-term and believe the group is well positioned to achieve further growth both in the UK and internationally, with strong tailwinds and significant further M&A activity," Clipper says.
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By Will Paige; willpaige@alliancenews.com
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