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Pin to quick picksCorero Network Share News (CNS)

Share Price Information for Corero Network (CNS)

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Share Price: 14.50
Bid: 14.00
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Change: 0.00 (0.00%)
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EARNINGS UPDATES: Northcoders swings to profit; AB Dynamics ups payout

Tue, 25th Apr 2023 14:54

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

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Iofina PLC - London-based iodine producer - Posts revenue of USD42.2 million for 2022, up from USD39.0 million in 2021. Pretax profit increases by 96% to USD10.0 million from USD5.1 million, as operating profit increases by 85% to USD9.6 million from USD5.2 million. Adjusted earnings before interest, tax, deprecation and amortisation amount to USD11.5 million, up 65% from USD6.9 million. Chief Executive Officer Tom Becker says "2023 has started well in terms of production from our existing plants and corresponding sales, with the market remaining strong and the company on track to meet its H1 production targets".

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Corero Network Security PLC - Amersham, Buckinghamshire-based distributed denial of service cyber defence solutions - Revenue for 2022 is USD20.1 million, down from USD20.9 million in 2021. Pretax profit falls to USD404,000 from USD1.4 million, as operating profit drops to USD676,000 from USD1.1 million a year earlier. Order intake, however, is up 13% to USD23.9 million from USD21.2 million. Looking ahead, says encouraged by the 2022 increase in new order intake, as it expects to grow its sales pipeline and revenue in 2023.

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Northcoders Group PLC - Manchester-based software coding training provider - Posts revenue of GBP5.6 million for 2022, up 86% from GBP3.0 million in 2021. Swings to a pretax profit of GBP346,429 from a loss of GBP523,588. Notes "significant growth in demand with 8,470 applications in 2022 compared to 3,662 in 2021. Cost of sales rises to GBP1.7 million from GBP848,392. Looking ahead, says trading to date has been in line with expectations. "We expect further significant growth in the year ahead with the balance weighted to the second half of the year", the firm says.

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AB Dynamics PLC - Bradford-on-Avon, Wiltshire-based testing systems and measurement products for the automotive market - Records revenue of GBP49.0 million for half-period ended on February 28, up 30% from GBP37.8 million a year before. However, pretax profit is down to GBP1.9 million from GBP2.3 million, as net finance expense is increased to GBP1.0 million from just GBP170,000 a year earlier. Declares an interim dividend of 1.94 pence each, up 10% from 1.76p a year prior. Looking ahead, says order book is solid, and keeps its expectations for 2023.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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21 Jan 2014 13:03

CORRECT: UK MIDDAY BRIEFING: Unilever Kicks Off New Earnings Season

(An item published at 1259 GMT misstated the market prices. The correct version follows.) LONDON (Alliance News) - Anglo-Dutch consumer goods and food giant Unilever Tuesday kicked off the latest UK earnings season, reporting lower revenues for the fourth quarter and who

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21 Jan 2014 12:59

UK MIDDAY BRIEFING: Unilever Kicks Off New Earnings Season

LONDON (Alliance News) - Anglo-Dutch consumer goods and food giant Unilever Tuesday kicked off the latest UK earnings season, reporting lower revenues for the fourth quarter and whole of 2013, but its earnings beat expectations as margins were supported by price increases and

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21 Jan 2014 11:37

UK WINNERS & LOSERS: Unilever Outperforms; SABMiller, PZ Cussons Hit By Sterling

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday. ------- FTSE 100 - WINNERS Unilever, up 3.8%. The consumer goods and food giant reported a drop in revenues for the fourth quarter, as expected, but be

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21 Jan 2014 09:03

Corero Shares Down 19% As It Expects 2013 EBITDA Loss To Widen

LONDON (Alliance News) - Shares in Corero Network Security PLC dropped 19% Tuesday after it said that expects its earnings before interest, tax, depreciation and amortisation loss to widen for the full year ended December 31, 2013. The network security provider expects an EBITDA loss of USD

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1 Nov 2013 12:52

UK WINNERS & LOSERS: Vodafone Up But Meggitt Slides After Warning

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1 Nov 2013 10:32

Corero Repays Loan Notes With Interest Ahead Of Maturity Date

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17 Sep 2013 12:45

UPDATE: Corero Network Security Losses Widen, Expects Benefits From Unit Sale

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17 Sep 2013 08:50

Corero Network Security Losses Widen But Expects Benefits From Unit Sale

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9 Sep 2013 10:07

Corero Network Security Formalises Stephenson As CEO, Miller As CFO

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15 Jul 2013 10:01

Corero Network Security proposes sale of business systems arm

Corero Network Security has entered into a conditional agreement to sell its holding in subsidiary Corero Business Systems (CBS). The company, which provides security for server targeted attacks that easily bypass firewalls, has proposed the sale of its entire legal and beneficial holding in the bu

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20 Mar 2013 16:23

Cairn Energy announces stock purchases by three senior directors

Cairn Energy on Wednesday announced that its Chief Executive, Deputy Chief Executive, and Managing Director / Chief Financial Officer all increased their holdings in the company, showing their faith after the group delivered a decline in full year pre-tax losses. Chief Executive Simon Thomson and

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8 Feb 2013 12:52

Corero proposes placing of 27m shares

Shares in Corero Network Security dropped over 15 per cent on Friday after the network security and business software provider announced plans to place 27m shares at 15p each with both new and existing shareholders. The proposed placing would raise up to £4.05m before expenses, which would provide

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