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Pin to quick picksConcurrent Technologies Share News (CNC)

Share Price Information for Concurrent Technologies (CNC)

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Share Price: 95.00
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EARNINGS UPDATES: Parsley Box loss deepens on expenses; Boku profit up

Tue, 07th Sep 2021 11:10

(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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Parsley Box Group PLC - Edinburgh, Scotland-based cupboard stored meals firm - Pretax loss widens in first half of 2021 to GBP5.4 million from GBP1.0 million a year prior. Revenue increases to GBP14.0 million from GBP11.1 million. Marketing expenses rose to GBP4.9 million from GBP2.4 million, while IPO expenses knocked off GBP1.1 million in a ounce-off payment. No dividend was declared, unchanged from last year. "Higher price point and new product range expected to deliver further growth in second half 2021," says company.

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Boku Inc - San Francisco, California-based mobile payments - Sees pretax profit in first half of 2021 soar to USD1.9 million from USD87,000 a year ago. Revenue rises to USD34.2 million from USD24.7 million. Says both the Payments and Identity divisions are performing strongly, adding there is "substantial opportunity" to expand its Payments division. "Our short run performance has been strong, we think our long-term future is brighter still. With positive momentum in both the Payments and Identity businesses, I am confident in our ability to meet the revised, increased expectations over the full year," says Chief Executive Kon Prideaux.

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Trian Investors 1 Ltd - offers exposure to investment activity of Trian Investors Management LLC - Reports net asset value per share at June 30 of 170.42 pence, rising from 150.57 pence on December 31. Does not declare an interim dividend after paying out a total of GBP1.4 million last year. "The investment manager has a high degree of conviction in the company's trajectory, especially in light of the recent revisions to the company's policies and guidelines, which is why Trian's partners and their affiliates recently invested significantly more of their capital into Shares of the company through Trian Subscriber," says company.

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Flowtech Fluidpower PLC - supplier of technical fluid power products - Reports pretax profit of GBP2.3 million in six months to end-June, swinging from a GBP929,000 loss a year before. Revenue increases to GBP55.3 million from GBP46.6 million. "We remain encouraged by the way the fluid power distribution market continues to recover. The volatility of global supply chains will continue to be a challenge in the short-term, however we expect our FY2021 result to be in line with current market guidance," says company. "The board remains determined to reintroduce a final dividend payment for the financial year 2021," company adds.

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Concurrent Technologies PLC - Colchester, Essex-based maker of embedded computer boards - Reports rise in pretax profit to GBP1.6 million in first half of 2021, up from GBP1.2 million a year ago. Net operating expenses fall to GBP3.4 million from GBP3.6 million. Revenue increases to GBP9.3 million from GBP9.2 million. Increases interim dividend to 1.15 pence per share from 1.10p a year prior. "Even in the face of unprecedented worldwide supply chain disruption, the first half performance has been robust with sales at 2020 levels, improved margins, a strengthened balance sheet, and a record order book ensuring the pipeline of future profitability. There remains uncertainty on the timing of some shipments in Q4 2021 and into 2022, driven by component availability, which may slip revenues into 2022 but there is no evidence yet of cancellations from customers," says company.

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Midwich Group PLC - Diss, England-based AV technology distributor - Swings to pretax profit in six months to June 30 of GBP7.1 million from GBP2.5 million loss a year ago. Revenue soars to GBP390.1 million from GBP302.0 million. Brings back interim dividend of 3.3 pence per share. "The board believes that the group's markets and business should continue to improve steadily across the remainder of 2021 and into 2022, although there remains a risk of negative impact due to further lockdowns," says company. Trading since the end of the first halfhas been in line with Board expectations, company adds.

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Michelmersh Brick Holdings PLC - West Sussex-based brick maker - Pretax profit more-than-doubles in first half of 2021 to GBP5.0 million from GBP2.0 million a year prior. Revenue jumps to GBP29.9 million from GBP22.5 million. Declares interim dividend of 1.15 pence per share, compared to nothing a year prior. Notes commitment to a progressive dividend policy going ahead. "Following a very strong first half in 2021, and with a robust and balanced forward order book, Michelmersh can look forward to continued positive trading for the remainder of the current financial year," says company.

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Pebble Group PLC - Manchester-based technology and services for promotional products industry - Pretax profit for six months to June 30 rises to GBP1.9 million from GBP593,000 a year prior. Revenue increases to GBP46.8 million from GBP33.6 million. "On admission to AIM in December 2019, the Group's stated intention was to make dividend payments of c.30% of profit after tax. This policy remains in place. However, as we believe the opportunities ahead of us are significant, in particular investment in Facilisgroup, we have taken the decision to retain cash in the business and not to pay an interim dividend in 2021," says company. Expects financial 2021 to "be at least in line with market expectations".

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Maintel Holdings PLC - London-based cloud and managed service provider - Swings to pretax profit in first half of 2021 of GBP3.8 million from a GBP799,000 loss a year prior. Revenue rises marginally to GBP53.5 million from GBP53.4 million. Administrative expenses fall to GBP10.9 million from GBP16.5 million. Does not declare an interim dividend, unchanged from last year. "Maintel had a solid first half and has continued its transition to a cloud and managed services business," says company. On track to hitting guidance targets issued in January.

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By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
24 Apr 2024 13:12

Concurrent Technologies wins $1.57m contract with US client

(Sharecast News) - Concurrent Technologies announced a $1.57m contract with a major global US prime contractor on Wednesday, for the supply of commercial-off-the-shelf (COTS) products and testing services as part of the contractor's technology upgrade programme.

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24 Apr 2024 12:05

Concurrent awarded USD1.8 million contract from US defence company

(Alliance News) - Concurrent Technologies PLC on Wednesday announced it had signed a new contract with an undisclosed major US-based aerospace and defence company.

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9 Apr 2024 15:37

Concurrent Technologies launches VME single board computer Rhea

(Alliance News) - Concurrent Technologies PLC on Tuesday launched virtual machine environment single board computer Rhea, which it described as a further addition to its VME range of embedded processor boards.

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9 Apr 2024 12:47

Concurrent Technologies unveils new VME processor board

(Sharecast News) - Concurrent Technologies unveiled the latest addition to its VME range of embedded processor boards on Tuesday, dubbed 'Rhea'.

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4 Feb 2024 17:11

Sunday share tips: Concurrent Technologies, Mpac

(Sharecast News) - The Financial Mail on Sunday's Midas column touted shares of Concurrent Technologies to readers, arguing that the company was in the right spot and at the right time.

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17 Jan 2024 12:56

IN BRIEF: Concurrent expects revenue hike in "outstanding year"

Concurrent Technologies PLC - Essex, England-based computer board manufacturer - Expects revenue for 2023 to be 5% ahead of Cavendish Capital Markets Ltd expectations of GBP29.5 million, based on its unaudited management accounts. Says adjusted pretax profit will also come up "slightly ahead" of Cavendish's GBP3.5 million expectations. This would make 2023 a "record year" for Concurrent, with revenue increasing from GBP18.3 million in 2022.

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21 Dec 2023 15:37

Concurrent Technolgies secures £2.2m air defence contract

(Sharecast News) - Concurrent Technologies announced a contract worth £2.2m on Thursday for supplying VME processor boards to a significant multinational European defence prime contractor for integration into air defence systems.

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21 Dec 2023 12:22

IN BRIEF: Concurrent Technologies wins GBP2 million contract

Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards - Secures a GBP2.2 million contract to supply an unnamed "major multi-national European defence prime contractor" with VME Processor Boards for deployment in air-defence systems. Says the contract will be fulfilled over the next five years. "The multi-year contract with a flagship client highlights the potential of the company's current generation VME boards in a substantial market," it adds.

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27 Nov 2023 14:00

EARNINGS AND TRADING: Celebrus swings to profit; Aquila revenue flat

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

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9 Nov 2023 13:47

EARNINGS AND TRADING: MetalNRG hails Gold Ridge findings

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

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28 Sep 2023 13:07

TRADING UPDATES: Zoo Digital expects revenue drop on Hollywood strikes

(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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19 Sep 2023 16:26

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

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

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12 Sep 2023 15:44

UK earnings, trading statements calendar - next 7 days

Wednesday 13 September 
abrdn Smaller Companies Income Trust PLCHalf Year Results
Argentex Group PLCHalf Year Results
Brave Bison Group PLCHalf Year Results
Burford Capital LtdHalf Year Results
CAB Payments Holdings PLCHalf Year Results
Central Asia Metals PLCHalf Year Results
Frontier Developments PLCFull Year Results
Made Tech Group PLCFull Year Results
On The Beach Group PLCTrading Statement
Pan African Resources PLCFull Year Results
Pharos Energy PLCHalf Year Results
Redrow PLCFull Year Results
Ricardo PLCFull Year Results
Star Energy Group PLCHalf Year Results
Tullow Oil PLCHalf Year Results
Thursday 14 September 
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Brooks Macdonald Group PLCFull Year Results
Capricorn Energy PLCHalf Year Results
Checkit PLCHalf Year Results
Churchill China PLCHalf Year Results
Foresight Solar Fund LtdHalf Year Results
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IG Group Holdings PLCTrading Statement
Keystone Law Group PLCHalf Year Results
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MJ Gleeson PLCFull Year Results
Oakley Capital Investments LtdHalf Year Results
Renishaw PLCFull Year Results
Spire Healthcare Group PLCHalf Year Results
THG PLCHalf Year Results
Trainline PLCTrading Statement
Uniphar PLCHalf Year Results
Friday 15 September 
Petra Diamonds LtdFull Year Results
VH Global Sustainable Energy Opportunities PLCHalf Year Results
Monday 18 September 
Artisanal Spirits Co PLCHalf Year Results
City of London Investment Group PLCFull Year Results
Downing Renewables & Infrastructure Trust PLCHalf Year Results
Facilities by ADF PLCHalf Year Results
Futura Medical PLCHalf Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
Phoenix Group Holdings PLCHalf Year Results
S4 Capital PLCHalf Year Results
Tuesday 19 September 
accesso Technology Group PLCHalf Year Results
Billington Holdings PLCHalf Year Results
Big Technologies PLCHalf Year Results
C&C Group PLCTrading Statement
Concurrent Technologies PLCHalf Year Results
CPPGroup PLCHalf Year Results
Eagle Eye Solutions Group PLCFull Year Results
Fintel PLCHalf Year Results
Good Energy Group PLCHalf Year Results
Hargreaves Lansdown PLCFull Year Results
Henry Boot PLCHalf Year Results
Kingfisher PLCHalf Year Results
Litigation Capital Management LtdFull Year Results
Maintel Holdings PLCHalf Year Results
McBride PLCFull Year Results
MyHealthChecked PLCHalf Year Results
Moonpig Group PLCTrading Statement
Naked Wines PLCFull Year Results
Northcoders Group PLCHalf Year Results
Ocado Group PLCTrading Statement
Serica Energy PLCHalf Year Results
SThree PLCTrading Statement
Surgical Innovations Group PLCHalf Year Results
Team17 Group PLCHalf Year Results
Trustpilot Group PLCHalf Year Results
Water Intelligence PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
6 Sep 2023 16:37

Concurrent Technologies sews up USD3.4 million Phillips Aerospace deal

(Alliance News) - Concurrent Technologies PLC on Wednesday said it completed the acquisition of Philips Machine & Welding Company Inc, or Phillips Aerospace, for around USD3.4 million.

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6 Sep 2023 14:19

Concurrent Technologies buys Phillips Aerospace form $3.38m

(Sharecast News) - Concurrent Technologies announced the successful acquisition of Phillips Aerospace on Wednesday, in a deal valued at $3.38m.

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