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UK EARNINGS SUMMARY: LoopUp Swings To Profit On Work-From-Home Boost

Wed, 23rd Sep 2020 14:02

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

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LoopUp Group PLC - London-based cloud communications provider - Swings to pretax profit of GBP7.8 million for six months to June 30 from a GBP478,000 loss. Revenue surges 43% to GBP31.9 million. First half performance driven primarily by the large-scale migration towards working from home due to Covid-19. Enters second half with major new customer wins set to roll out, a healthy new business pipeline, and a strong balance sheet. Cash of GBP8.3 million and net debt of GBP5.3 million at June 30.

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Ten Entertainment Group PLC - Bedford, England-based bowling centre operator - Swings to a pretax loss of GBP7.0 million in 26 weeks ended June 28 from GBP5.9 million profit a year before. Revenue almost halves to GBP22.5 million from GBP41.4 million. Recovered quickly from lockdown as restrictions were eased. All centres now are fully open. Trading has begun well at 83% of previous levels. Confident to return the business to growth.

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Sigma Capital Group PLC - Manchester, England-based private rented sector specialist - Pretax profit dives 77% to GBP980,000 for six months to June 30 from GBP4.3 million a year ago. Results reflect the impact of coronavirus pandemic and national 'lockdown', which resulted in suspension of construction and lettings activities from late-March to mid-May as well as ongoing restrictions. Revenue falls 14% to GBP5.0 million from GBP5.8 million. Coronavirus crisis is estimated to have reduced activity levels by 40% in first half. Rental performance across all portfolios robust and demand for new homes remains strong, with rental prices steady at pre-pandemic levels. Dividend expected to be proposed with results for the nine-month financial period ending September 30.

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Staffline Group PLC - Nottingham, England-based recruitment and training group - Promotes Non-Executive Director Albert Ellis to chief executive officer role, effective from the start of October. Executive Chair Ian Lawson to move to non-executive chair role on December 31. Posts widened pretax loss of GBP47.7 million for the six months to June 30 versus a GBP12.3 million loss in the prior year period. Revenue falls 17% to GBP434.9 million. Records non-cash impairment charge of GBP35.3 million and amortisation of intangibles of GBP4.8 million. Taking actions to alleviate the probable liquidity pressures in March 2021. Expects to perform in line with expectations for 2020 despite a challenging environment. On track to achieve a positive result for 2020 on an underlying operating profit basis across all three divisions.

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Xeros Technology Group PLC - Rotherham, South Yorkshire-based laundry and garment technology group - Pretax loss for the six months to June 30 narrows year-on-year to GBP3.5 million from GBP8.2 million as administrative cost cut by more than half, but revenue dives to GBP215,000 from GBP1.2 million. To consolidate shares to reduce number of shares in issue. Cash of GBP6.2 million at August 31 and cash burn rate down to less than GBP500,000 per month.

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Anglo Asian Mining PLC - gold, copper and silver producer in Azerbaijan - Pretax profit for six months to June 30 rises 15% year-on-year to USD11.8 million from USD10.3 million. Revenue rises 6% to USD45.8 million from USD43.3 million a year before. First half production falls year-on-year to 32,501 gold equivalent ounces from 39,905 ounces. Gold bullion sales 23,979 ounces, down from 26,589 ounces. Total 2020 production target maintained at between 75,000 and 80,000 gold equivalent ounces. Declares interim dividend of 4.5 US cents per share. To consider special dividend in first-quarter of 2021. Cash of USD29.2 million and no debt at June 30.

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Reabold Resources PLC - oil and gas investor focused on the UK, US and Romania - Pretax loss for the six months to June 30 narrows to GBP138,000 from GBP685,000 a year ago. Revenue rises 46% to GBP570,000 from GBP390,000. Cash and cash equivalents as at June 30 GBP5.5 million. Looks forward to an exciting 2020 and beyond.

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Dillistone Group PLC - Basingstoke, England-based recruitment software provider - Pretax loss for six months to June 30 narrows to GBP110,000 from GBP397,000 a year ago. Revenue declines 20% to GBP3.4 million from GBP4.2 million. Management of cost base and better operational performance led to a narrowed first half loss. Covid-19 will continue to impact revenue. Non-Executive Director Mike Love to retire from the board, in line with long-term plan. Cash balances of GBP1.7 million at June 30.

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Equals Group PLC - London-based payments group - Pretax loss for the six months to June 30 widens year-on-year to GBP3.3 million from GBP178,223. Revenue edges up to GBP13.8 million from GBP13.6 million. Cash GBP7.6 million as of Friday last week. Positive about future prospects and confident about the outlook for the group.

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Warpaint London PLC - Buckinghamshire, England-based colour cosmetics business - Sales reduced 29% to GBP13.5 million in the six months to June 30 from GBP18.9 million as a result of the Covid-19 restrictions in the UK and internationally. First half pretax loss widens year-on-year to GBP1.5 million from GBP210,000 on increased costs. Resumes dividend payments. Declares interim dividend of 2.8 pence per share and one-off additional 1.3p payout. Sales for second half recover after the Covid-19 lockdown. Predicts sales for 2020 of GBP37 million, which should generate adjusted profit from operations in excess of GBP2.0 million.

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Cloudcall Group PLC - cloud-based software business based in Leicester - Pretax loss for the six months to June 30 widens year-on-year to GBP2.6 million from GBP1.8 million. Revenue rises 11% to GBP5.8 million from GBP5.2 million. New sales bookings recovering after initial Covid-19 impact. Resilient trading continuing into second half, with performance since the end of the period in line with management expectations.

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Mission Group PLC - London-based marketing group - Swings to a pretax loss of GBP1.8 million for the six months to June 30 from GBP2.7 million profit. Turnover dives to GBP58.1 million from GBP82.3 million. Net debt reduced to GBP900,000 at June 30 from GBP5.1 million at December 31. Second half of the financial year has started well under the current trading circumstances, with the impact of COVID-19 on revenue easing. Expectations to report a profit for 2020 remain unchanged.

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Mobile Tornado Group PLC - Harrogate, North Yorkshire-based communications company - Pretax loss for six months to June 30 widens year-on-year to GBP835,000 from GBP691,000. Revenue falls 13% to GBP1.3 million from GBP1.5 million. Recurring revenue stream stable despite the highly uncertain global economic environment. Net debt of GBP8.2 million and cash of GBP450,000 at June 30.

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Creo Medical Group PLC - Chepstow, Wales-based medical device company - Pretax loss for six months to June-end widens year-on-year to GBP10.5 million from GBP9.3 million a year ago. Revenue plummets 69% to GBP2.4 million from GBP7.7 million. Strong balance sheet with cash and cash equivalents of GBP70.6 million at June 30. Sees limited long-term impact of Covid-19 on business.

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Allergy Therapeutics PLC - Worthing, West Sussex-based biotechnology company - Pretax profit for the financial year that ended June 30 nearly doubles to GBP8.1 million from GBP4.3 million due to lower research and development costs and revenue rise. Revenue up 6% to GBP78.2 million from GBP73.7 million. Outlook for financial 2021 hard to predict accurately due to Covid-19. Sales for financial 2021 expected to grow at a similar rate to 2020 due to the anticipated reduction of new patients. Research and development expenses anticipated to be 70% higher than in 2020 as research continues with Grass MATA MPL and peanut allergy candidate vaccine. Cash balance of GBP37.0 million at June 30.

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Trackwise Designs PLC - Gloucestershire, England-base printed circuit technology group - Swings to pretax profit of GBP788,000 for the six months to June 30 from GBP87,000 loss a year before. Revenue rises 54% to GBP2.4 million from GBP1.5 million. Trading performance impacted by Covid-19. Annual performance will reflect the difficult economic trading conditions, a EV manufacturing contract win, and progress in two other core target markets, medical and aerospace. Net cash of GBP1.6 million at June-end.

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Strix Group PLC - Isle of Man-based kettle safety controls manufacturer - Pretax profit for six months to June-end broadly flat at GBP7.5 million. Revenue falls 21% to GBP34.7 million. Administrative expenses decline to GBP3.9 million from GBP6.2 million. Sees record sales in third-quarter based on replenishment of pipeline stock and the normal seasonal uplift. Maintains interim dividend payment of 2.6 pence per share. Committed to delivering a full year dividend of 7.7p, in line with 2019.

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ECSC Group PLC - Bradford, West Yorkshire-based cyber security services provider - Pretax loss for six months to June 30 narrows to GBP340,000 from GBP558,000 a year ago. Revenue broadly flat at GBP2.6 million. Adjusted earnings before interest, tax, depreciation and amortisation of GBP52,000 versus GBP184,000 loss. Maintaining breakeven adjusted Ebitda position throughout Covid-19 crisis. Cash of GBP1.3 million at June 30.

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Aseana Properties Ltd - property developer with investments in Malaysia and Vietnam - Pretax loss for six months to June-end widens year-on-year to USD8.2 million from USD5.2 million. No revenue versus GBP5.7 million a year before. Net asset value USD0.50 per share at June 30 versus USD0.55 at December 31. First half results are reflective of the challenging market conditions resulting from Covid-19 and the actions taken by governments to contain the spread of the coronavirus.

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By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
27 Dec 2023 14:18

IN BRIEF: Equals "remains confident" as acquisition talks continue

Equals Group PLC - London-based payment platform developer - Says current trading is in line with its expectations and "remains confident in the longer-term growth prospects of the business". Strategic review announced on November 1 continues, with discussions ongoing between Equals and Madison Dearborn Partners LLC. Madison Dearborn is now required to announce a firm intention to make or not make an offer for Equals by the evening of January 24. Deadline was originally November 29, and was subsequently extended until December 27.

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21 Dec 2023 18:17

TRADING UPDATES: CAP-XX reports strong product sales to aid first half

(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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21 Dec 2023 13:48

Equals Group issues further shares for acquisition of Oonex

(Sharecast News) - Equals Group updated the market on its acquisition of Oonex on Thursday, which it initially announced on 5 July.

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5 Dec 2023 17:54

TRADING UPDATES: Velocys agrees bid, Helical lets office to Sainsbury

(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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4 Dec 2023 10:21

Equals achieves ISO information management certification

(Sharecast News) - Equals Group has achieved ISO/IEC 27001:2022 certification for information security management, it announced on Monday.

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1 Dec 2023 20:54

TRADING UPDATES: Legal boost for Dialight; VSA in Lush-related claim

(Alliance News) - The following is a round-up of updates by London-listed companies, issued this week not separately reported by Alliance News:

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29 Nov 2023 11:39

Equals extends deadline for possible offer from Madison Dearborn

(Sharecast News) - Equals Group updated the market on its strategic review to explore various strategic options on Wednesday, which it first announced on 1 November.

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1 Nov 2023 16:54

TRADING UPDATES: Premier Miton sizes up Tellworth Investments

(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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1 Nov 2023 16:52

LONDON MARKET CLOSE: Stocks prosper ahead of central bank rate calls

(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US.

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1 Nov 2023 14:25

Equals confirms strategic review but intends to stay independent

(Alliance News) - Equals Group PLC on Wednesday confirmed an ongoing review of its strategic options, saying it has contacted potential counterparties and has not ruled out a future acquisition offer.

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3 Oct 2023 16:34

IN BRIEF: Equals says shareholders approve capital reduction

Equals Group PLC - London-based fintech payments group focused on the Enterprise and SME marketplaces - Says a special resolution put to shareholders regarding the proposed reduction of the company's share premium account in the amount of GBP25.0 million was passed. Says the reduction will create additional distributable reserves to the value of around GBP25.0 million, which it may use to deliver returns to shareholders in the future - whether through dividends, distributions, or purchases in the firm's owns shares. The expected date for the court hearing to confirm the capital reduction is October 24, and the expected date for completion of the capital reduction is October 31. The board intends - should the capital reduction complete - to pay a maiden dividend of 1.5 pence per share in respect of financial 2023.

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26 Sep 2023 15:52

UK shareholder meetings calendar - next 7 days

Wednesday 27 September 
4Global PLCAGM
abrdn New India Investment Trust PLCAGM
Amigo Holdings PLCAGM
AO World PLCAGM
Baltic Classifieds Group PLCAGM
Coral Products PLCAGM
EDX Medical Group PLCAGM
Empyrean Energy PLCAGM
First Property Group PLCAGM
Riverstone Energy LtdEGM re tender offer
Samarkand Group PLCAGM
System1 Group PLCAGM
Schroder British Opportunities Trust PLCAGM
Schroder Real Estate Investment Trust LtdAGM
Voyager Life PLCAGM
Thursday 28 September 
abrdn Japan Investment TrustGM re merger with Nippon Active Value Fund PLC
abrdn Japan Investment TrustAGM
ActiveOps PLCAGM
Babcock International Group PLCAGM
Boussard & Gavaudan Holding LtdEGM re managed wind-dow proposals
CentralNic Group PLCGM re name change to Team Internet Group PLC
CT Global Managed Portfolio Trust PLCAGM
Diageo PLCAGM
FIH Group PLCAGM
FRP Advisory Group PLCAGM
Kromek Group PLCAGM
NWF Group PLCAGM
Oxford Cannabinoid Technologies Holdings PLCAGM
Pembroke VCT PLCAGM
Polar Capital Holdings PLCAGM
Redcentric PLCAGM
Revolution Beauty Group PLCAGM
Roebuck Food Group PLCAGM
SysGroup PLCAGM
TPXimpact Holdings PLCAGM
TruFin PLCAGM
Zoo Digital Group PLCAGM
Friday 29 September 
600 Group PLCAGM
Andrada Mining LtdAGM
Capital Metals PLCAGM
Enteq Technologies PLCAGM
finnCap Group PLCAGM
Goodwin PLCAGM
GRC International Group PLCAGM
Hellenic Dynamics SAAGM
ITM Power PLCAGM
Kodal Minerals PLCAGM
Merit Group PLCAGM
Naked Wines PLCAGM
Shearwater Group PLCAGM
Victoria PLCAGM
Monday 2 October 
no events scheduled 
Tuesday 3 October 
Equals Group PLCGM re capital reduction approval
Haydale Graphene Industries PLCGM re capital reorganisation
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Sep 2023 14:04

IN BRIEF: Equals plans maiden dividend after interim profit surges

Equals Group PLC - London-based fintech payments group focused on the Enterprise and SME marketplaces - Reports pretax profit of GBP5.8 million in the six months ended June 30, multiplied from just GBP900,000 a year prior as revenue rises 43% to GBP45.0 million from GBP31.4 million. Notes underlying transaction values in the half increase to GBP6.0 billion from GBP4.2 million year-on-year.

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5 Sep 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 6 September 
Apax Global Alpha LtdHalf Year Results
Ashmore Group PLCFull Year Results
Bakkavor Group PLCHalf Year Results
Barratt Developments PLCFull Year Results
Darktrace PLCFull Year Results
Gateley Holdings PLCFull Year Results
Halfords Group PLCTrading Statement
Hochschild Mining PLCHalf Year Results
M Winkworth PLCHalf Year Results
Malin Corp PLCHalf Year Results
Nexteq PLCHalf Year Results
Oxford Nanopore Technologies PLCHalf Year Results
Restaurant Group PLCHalf Year Results
WH Smith PLCTrading Statement
Thursday 7 September 
Angle PLCHalf Year Results
Beazley PLCHalf Year Results
Cairn Homes PLCHalf Year Results
Currys PLCTrading Statement
Direct Line Insurance Group PLCHalf Year Results
Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
Hilton Food Group PLCHalf Year Results
Inspecs Group PLCHalf Year Results
International Public Partnerships LtdHalf Year Results
Lords Group Trading PLCHalf Year Results
Melrose Industries PLCHalf Year Results
Mpac Group PLCHalf Year Results
Playtech PLCHalf Year Results
Polarean Imaging PLCHalf Year Results
Safestore Holdings PLCTrading Statement
Synthomer PLCHalf Year Results
WAG Payment Solutions PLCHalf Year Results
Friday 8 September 
Berkeley Group Holdings PLCTrading Statement
Byotrol PLCFull Year Results
Computacenter PLCHalf Year Results
EJF Investments LtdHalf Year Results
Petershill Partners PLCHalf Year Results
Monday 11 September 
Engage XR Holdings PLCHalf Year Results
Inspired PLCHalf Year Results
MP Evans Group PLCHalf Year Results
Vistry Group PLCHalf Year Results
Tuesday 12 September 
Associated British Foods PLCTrading Statement
Cornerstone FS PLCHalf Year Results
Creo Medical Group PLCHalf Year Results
Digital 9 Infrastructure PLCHalf Year Results
Dowlais Group PLCHalf Year Results
Eleco PLCHalf Year Results
Equals Group PLCHalf Year Results
Feedback PLCFull Year Results
Fevertree Drinks PLCHalf Year Results
Gym Group PLCHalf Year Results
Harworth Group PLCHalf Year Results
hVIVO PLCHalf Year Results
IQE PLCHalf Year Results
Itaconix PLCHalf Year Results
JTC PLCHalf Year Results
Keywords Studios PLCHalf Year Results
Mattioli Woods PLCFull Year Results
Petra Diamonds LtdFull Year Results
Property Franchise Group PLCHalf Year Results
Regional REIT LtdHalf Year Results
Smart Metering Systems PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
5 Jul 2023 14:27

Equals Group interim revenue up; completes GBP4.1 million Oonex deal

(Alliance News) - Equals Group PLC on Wednesday said that its revenue in the first half of 2023 climbed as its distribution channels expanded.

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