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Small caps round-up: Galliford Try, Samuel Heath, Hambledon...

Thu, 08th Jul 2010 12:31

Housebuilder Galliford Try's expansion plan is ahead of target and full-year results should match the upper end of forecasts for adjusted profit before tax of £23m-£25.5m."As the market stabilised during the year, prices firmed and we achieved better than anticipated sales with completions sharply up in the second half of the year to bring the total for the year to 1,705," it said.Average sale prices were up 10% on last year at £190,000, while cancellation rates at 14% remain at historically low levels. Favourable exchange rates helped bathroom accessories maker Samuel Heath lift full-year pre-tax profit to £336,000 from £292,000 in 2009 on sales down 12.6% to £9.5m.But despite its best efforts, the company's "budget shows that it is going to be difficult to repeat even the modest profit reported this year".Hambledon Mining has broken records for gold produced and tonnes milled during the second quarter.Production hit 7,088 recovered gold ounces between 1 April and 30 June, 16% better than the previous best three-month period, with milled tonnes topping 213,000.Software company Innovation's final results will show an exceptional charge of about £5.2m following its decision to exit the two leases in the UK and US mentioned at its interim results. The firm, which has also identified two further leased properties that will be subject to similar consolidation, said the charge included the write-down on fixed assets and cost of seeing out the leases. Operating costs will be cut by £1.2m from 2011.Acquisitive energy services group Green Compliance has paid £1.825m in cash for pest control firm Envirocare GB Limited and may end up paying as much as £4m depending on performance over the next 12 months.Financial adviser Begbies Traynor raised its final dividend by 12% to 1.9 pence after posting a 6% increase in full-year pre-tax profit to £10.4m.Centaur Media, whose specialist publications include Design Week and The Lawyer, said revenues during the six months to 30 June were 10% above the same period in the prior year thanks to strong growth in the marketing and legal sectors.LED sensor specialist Dialight is confident it will exceed its previous expectations for earnings in the current financial year after a strong performance during the first half.DQE, the animation production and distribution company, announced the signing of two exclusive broadcast agreements with The Education Broadcasting System, the Korea based broadcasting company and Canada based Tele-Quebec, for "The Jungle Book".Secure communications products and services provider Vislink dropped after it said it will report an operating loss for the six months to 30 June due to the slow order in-take in the first half and underlying year on year revenue decline.
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