focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksConcurrent Technologies Share News (CNC)

Share Price Information for Concurrent Technologies (CNC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 103.00
Bid: 102.00
Ask: 104.00
Change: 1.50 (1.48%)
Spread: 2.00 (1.961%)
Open: 101.50
High: 103.00
Low: 101.50
Prev. Close: 101.50
CNC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS: accesso Tech turns to loss on costs; DP Eurasia hails Turkey

Tue, 19th Sep 2023 16:26

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

----------

accesso Technology Group PLC - England-based provider of software for leisure, entertainment and cultural sectors - For the six months to June 30, returns pretax loss of USD839,000, swung from a profit of USD2.9 million a year prior, citing high inflation and acquisition costs. Revenue climbs 3.2% to USD65.8 million from USD63.7 million. However, administrative costs increase 12% to USD49.1 million from USD43.8 million, while cost of sales increase 4.5% to USD17.5 million from USD16.7 million. Says payments of dividends are unlikely in the short to medium term. Looking ahead, firm says: "We move into the second half with optimism about our existing and newly acquired businesses. We will continue to integrate and drive synergies and value from the excellent technologies, people, and expanding markets we have within our enlarged group. We maintain an exceptionally strong balance sheet with low levels of gearing and have no doubt we will continue to capitalise on the exciting market opportunity ahead of us."

----------

Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - In the first half of 2023, pretax profit jumps to GBP973,496 from GBP32,413 a year prior. Revenue surges 64% to GBP12.1 million from GBP7.4 million. Cost of sales increase 66% to GBP6.1 million from GBP3.7 million, while net operating expenses increase to GBP5.0 million from GBP3.7 million. Declares no dividend but considers the re-introduction of a full-year dividend, citing its recovery. Touts optimism in its outlook, seeing itself on a growth path as it cites its acquisition of Philips Machine & Welding Co Inc, or Phillips Aerospace, for around USD3.4 million early this month.

----------

Corre Energy BV - Groningen, Netherlands-based renewable energy storage and green hydrogen company - In the six months to June 30, pretax loss narrows 38% to EUR11.4 million from EUR18.4 million a year ago. Posts no revenue. Eyes itself on a growth path as it "continues to hold and grow the largest pipeline of long-duration energy storage projects in Europe." Further, notes it has agreed a combined total of EUR10 million of new funding to support the build-out of an additional pipeline of development opportunities across Europe and North America, focused on delivering key project milestones on its projects.

----------

CPPGroup PLC - Leeds, England-based technology-driven assistance and insurance provider - For the first half of 2023, reports statutory pretax loss of GBP3.7 million, swung from a profit of GBP1.1 million a year prior. Underlying pretax profit rises 25% GBP2.0 million from GBP1.6 million. Dividends remain suspended due to costs and uncertainties. Looking ahead, Chief Executive Officer Simon Pyper cites confidence about growth prospects of the company's core operations for the second half of 2023. Further, he says: "Operationally, the group is now at the implementation stage of its Change Management Programme which, at its conclusion, will see the group exit from its legacy businesses and focus on growing its core Blink, Indian, and Turkish operations. The key milestones for this year are the implementation of the new IT platform for India, the building of capacity for the Blink

platform, and commencing active closure plans for the Legacy businesses."

----------

DP Eurasia NV - master franchisee for Domino's Pizza Group PLC in Turkey, Azerbaijan and Georgia - In the first half of 2023, pretax profit rises 13% to TRY242 million, about GBP7.2 million, from TRY215 million a year ago. Revenue climbs 25% to TRY1.58 billion from TRY1.27 billion. Cost of sales increase 9.4% to TRY900 million from TRY822 million. Number of Domino's stores in Turkey as at June 30 increase to 675 from 628, while number of stores in Russia decline to 142 from 184. Number of COFFY stores in Turkey in the same period jump to 51 from 15. Amount of total stores as at June 30 increase by 5.0% to 884 from 842. Eyes further "strong" store openings momentum in Turkey for both Domino's and COFFY, driven by "solid" demand. "The group anticipates that [financial 2023] will be another year of strong network expansion as the it seeks to broaden its coverage to cater to demand," firm says. Expects 35-40 Domino's Pizza net store openings for Turkey in 2023, as well as 50-60 COFFY net store openings in the country. Now expects a like-for-like growth rate in the high teens in Turkey, revised upwardly from low teens.

----------

Volvere PLC - Leamington Spa, England-based investor in undervalued or distressed businesses - Pretax profit in the first half of 2023 grows 14% to GBP441,000 from GBP387,000 a year prior, as hails "good" performance from Shire Foods, its savoury products manufacturer. Revenue climbs 21% to GBP19.1 million from GBP15.8 million. Cost of sales increase 20% to GBP16.5 million from GBP13.8 million. Looking ahead, Chair David Buchler says: "We continue to actively seek further investments in both the food and other sectors and will continue to consider other ways to deliver value for shareholders."

----------

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
26 Aug 2020 15:57

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
3 Jul 2020 14:43

Former Concurrent Technologies Chair Collins Retires After 33 Years

Former Concurrent Technologies Chair Collins Retires After 33 Years

Read more
3 Jul 2020 14:14

Former Concurrent Technologies chair retiring from board

(Sharecast News) - Computer board designer and manufacturer Concurrent Technologies announced on Friday that its former chairman, Michael Collins, intends to retire as a director and from the board on 30 September.

Read more
22 May 2020 15:48

UK EXECUTIVE CHANGE SUMMARY: ITV CEO Replaces Sky's On Burberry Board

UK EXECUTIVE CHANGE SUMMARY: ITV CEO Replaces Sky's On Burberry Board

Read more
23 Apr 2020 15:54

Concurrent Technologies Hikes Dividend As Annual Earnings Rise 37%

Concurrent Technologies Hikes Dividend As Annual Earnings Rise 37%

Read more
26 Mar 2020 17:42

EXECUTIVE CHANGE SUMMARY: Shareholder To Become Executive Chair Of NMC

EXECUTIVE CHANGE SUMMARY: Shareholder To Become Executive Chair Of NMC

Read more
10 Mar 2020 17:27

Concurrent Technologies Declares 1.45 Pence Second Interim Dividend

Concurrent Technologies Declares 1.45 Pence Second Interim Dividend

Read more
28 Jan 2020 12:47

Concurrent Tech Rolls Out Artificial Intelligence Accelerator Board

Concurrent Tech Rolls Out Artificial Intelligence Accelerator Board

Read more
21 Jan 2020 10:55

Concurrent Technologies Says 2019 Revenue Will Beat Forecasts

Concurrent Technologies Says 2019 Revenue Will Beat Forecasts

Read more
11 Oct 2019 14:13

DIRECTOR DEALINGS: Concurrent Tech Engineering Director Sells Stock

DIRECTOR DEALINGS: Concurrent Tech Engineering Director Sells Stock

Read more
10 Sep 2019 11:19

Concurrent Technologies Ups Interim Dividend 11% As Earnings Rise

(Alliance News) - Concurrent Technologies PLC on Tuesday said revenue and profit rose in the first half of 2019 after sales increased across all its sectors.In the six months to June 30, by

Read more
3 Sep 2019 16:17

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 4 September Oxford BiomedicaHalf Year ResultsDunelm GroupFull Year Year Income

Read more
21 May 2019 15:54

Concurrent Tech Sees Strong Year-To-Date Trading, Promotes Interim CEO

LONDON (Alliance News) - Concurrent Technologies PLC said Tuesday ahead of its annual general meeting that its trading performance for 2019 so far has continued on from its good 2018 profit and so

Read more
8 May 2019 11:11

Concurrent Technologies Long-Serving Boss Fawcett Unexpectedly Dies

LONDON (Alliance News) - Concurrent Technologies PLC said Wednesday Chief Executive Glen Fawcett died on Tuesday, with Commercial Director Jane Annear taking over as acting Fawcett had been on a a

Read more
4 Apr 2019 14:26

Concurrent Technologies gross profits slip as revenue improves

(Sharecast News) - Embedded computer boards designer and manufacturer Concurrent Technologies announced an increase in its revenues in its final results on Thursday, to £16.6m from £16.2m year-on-year.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.