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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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SDI Group PLC - Cambridge-based medical technology firm - Expects to reports strong sales and profit for the six months ended October 31, with revenue set to be GBP24.7 million, up 75% from GBP14.1 million the year before, and more than doubling from the first half of the 2020 financial year. For the year ending April 2022, company expects revenue to be around GBP45 million, ahead of current market expectations at GBP42.1 million, and adjusted pretax profit at GBP9.2 million, ahead of expectations at GBP8.9 million.
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Cornerstone FS PLC - Newry, Northern Ireland-based cloud-based provider of payments - Notes improved gross margins in the first half of 2021, and increase trading momentum for first nine months of year. Revenue growth is driven by expansion of group's direct client bases, as well as the contribution from its new Asia team. Expects revenue for 2021 to be "significantly ahead" of the year before.
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Smiths News PLC - Swindon-based newspaper and magazine distributor - For the year ended August 28, pretax profit more than doubles to GBP30.6 million on improved trading in Smiths News and DMD, as well as a reduction in impairment charges and network costs. This is on revenue which declines 4.7% year-on-year to GBP1.11 billion from GBP1.16 billion, due to a weaker first half more than offsetting one-off sales opportunities in Euro 2020 stickers and Pokemon trading cards. Resumes total dividend at 1.5 pence per share. Trading in the current year to date is in line with internal expectations
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Hansard Global PLC - Douglas, Isle of Man-based specialist long-term savings provider - For the first quarter ended September 20200, assets under administration remains unchanged over the quarter at GBP1.22 billion, while new business for the quarter was GBP31.4 million in present value of new business premiums terms, down 8.2% from the same period a year before.
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Triple Point Social Housing REIT PLC - real estate investment trust - As at September 30, net asset value per share increases 0.2% to 106.63 pence from 106.42p at the end of June. For 2021, company is targeting a total dividend of 5.20p per share.
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Ten Entertainment Group PLC - Bedford, England-based ten pin bowling and family entertainment centres operator - Continues to perform well since announcing interim results in September, with like-for-like sales growth remaining above 30% in September and October, compared to 2019. Due to continuing strong sales performance, Ten Entertainment expects to make a modest pretax profit for the year, ahead of prior expectations where a modest loss was expected.
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Vaalco Energy Inc - Houston-based oil producer in Gabon and Equatorial Guinea - For the three months ended September 30, net income hikes to USD31.7 million from USD7.6 million a year before, on revenue which more than doubles to USD55.9 million from USD18.3 million. This is due to increased sales by 80% year-on-year of 741,000 barrels of oil, while the crude oil price increased 67% to USD73.02. Looking ahead, production for 2021 is expected to be between 7,000 and 7,200 bopd.
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Induction Healthcare Group PLC - healthcare technology company - Notes strong performance in the six months ended September 30, with growing demand for the company's flexible care platforms. Currently has GBP11.2 million in contracted revenue secured for the current financial year, fostering confidence in meeting market expectations.
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Property Franchise Group PLC - Bournemouth, Dorset-based lettings and estate agency franchising firm - For the third quarter ended September 30, revenue more than doubles to GBP17.9 million from GBP7.9 million, as management service fees rise 72% to GBP11.3 million from GBP6.6 million. Based on figures, company continues to trade in line with market expectations for the full year.
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Capital Metals PLC - London-based mineral sands explorer - Expects environmental impact assessment approval process in Sri Lanka to be completed within November as government departments return to office.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
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