Check out our new Timeline feature to give you the latest updates on all the stocks you follow. Clickhere to set up your Timeline.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksFiltronic Share News (FTC)

Share Price Information for Filtronic (FTC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 111.50
Bid: 111.00
Ask: 112.00
Change: 5.00 (4.67%)
Spread: 1.00 (0.901%)
Open: 109.00
High: 112.00
Low: 107.00
Prev. Close: 107.00
FTC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS SUMMARY: Robert Walters interim profit down, LMS NAV falls

Tue, 01st Aug 2023 14:06

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

----------

LMS Capital - London-based investment company - Net asset value per share on June 30 was down 4.3% at 55.2 pence from 57.7p on December 31. The company declares an interim dividend for the six months ended June 30 of 0.3 pence per share and final dividend payment of 0.625 pence per share for the year ended December 31, both unchanged year-on-year. Chair Robert Rayne says: "We remain focused on the prudent deployment of our capital and during the period, our team has been engaged in active negotiations in the retirement living space... Good progress is being made streamlining the cost base, but equipment failures leading to interruptions in production are continuing to delay progress with the business plan, although these are being worked through. We hope to report progress on all fronts in the second half of the year."

----------

Filtronic PLC - Sedgefield, England-based designer and manufacturer of products and sub-systems for the aerospace, defence, telecoms infrastructure, space, and critical communications markets - Revenue for financial year ended May 31 falls 4.7% to GBP16.3 million from GBP17.1 million the prior year. Pretax profit is GBP100,000, down from GBP1.9 million the prior year. Net cash falls 48% to GBP1.6 million from GBP3.1 million year-on-year. "We are encouraged by the increase in market activity and the rate of requests for quotations in important complex products demanding world class capability. Strengthening our business development and engineering teams has been critical to be able to respond quickly," says Chair Jonathan Neale.

----------

System1 Group PLC - Revenue in financial year ended March 31 falls 3.0% to GBP24.3 million, from GBP24.1 million the previous year. Pretax profit falls 23% to GBP700,000 from GBP900,000. Net cash at March 31 was GBP5.7 million, down 34% from GBP8.7 million the year before. System1 expects overall revenue growth in financial 2024. "The business delivered a strong second half year and created momentum that has carried through into [financial] 2024 with profitable growth across our platform offering. We are relentlessly executing the plan outlined in the strategic review with a go-to-market strategy aimed at winning with the world's largest businesses," says Chief Executive Officer James Gregory.

----------

NWF Group PLC - Nantwich, England-based agricultural feed, food and fuel distributor - Pretax profit increases 58% to GBP18.9 million from GBP12.0 million. Revenue rises 20% to GBP1.05 billion from GBP878.6 million the year before, which the company says is a set of "very strong results" despite "inflationary" challenges. Declares a total dividend per share of 7.8 pence, up 4.0% from 7.5p year-on-year. "I am pleased to report another year of significant progress for the group, exceeding the market expectations that were established at the start of the financial year. In a year with significant challenges from inflationary pressures and the cost-of-living crisis, it has been particularly positive to deliver strong performances from all three divisions," says Chair Philip Acton.

----------

Robert Walters PLC - London-based recruitment firm - Says revenue in first six months ended June 30 is up 2.0% to GBP548.3 million from GBP538.6 million. Pretax profit falls 70% to GBP8.1 million from GBP26.4 million. Net cash in the first half falls to GBP69.8 million, down 15% from GBP81.8 million year-on-year. Chief Executive Officer Toby Folwston says: "The reduced client and candidate confidence levels that the group first signalled during the second half of last year have yet to show sustained signs of improvement across many of the group's markets and specialist disciplines... In the face of current trading pressures, we intend to protect the group's strategic core, focus on consultant productivity and sensibly manage our cost base whilst continuing to prudently invest in attracting and developing our people and our global infrastructure for the long-term." Robert Walters declares an interim dividend of 6.5 pence per share, unchanged from the year before. The company says it is trading in line with board expectations.

----------

Sutton Harbour Group PLC - Plymouth, England-based harbour operator - Net asset value per share falls to 43.1 pence down 0.5% from 43.3p year-on-year. Sutton Harbour swings to a pretax loss of GBP2.0 million from a profit of GBP561,000 the year before. Revenue increases 12.5% to GBP8.1 million from GBP7.2 million the year prior. Net debt widens 20% to GBP29.3 million from GBP24.4 million. "The board is pleased with the successful delivery of new developments to meet objectives of sustaining and enhancing the attractiveness and amenity of the Sutton Harbour area and to create long term value growth from the assets. The investments made in the past year are proof that sustainable success is achievable with improvements to the Harbour environment for the benefit of visitors, workers and residents," says Executive Chair Philip Beinhaker

----------

By Will Neill, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved

More News
10 Feb 2025 12:10

LONDON MARKET MIDDAY: Stocks perk up despite latest batch of tariffs

(Alliance News) - Stock prices in London were higher heading into Monday afternoon, shaking off some US tariff nerves, with BP and gold miners among the stocks shining.

Read more
10 Feb 2025 10:26

AIM WINNERS & LOSERS: Filtronic wins SpaceX deal; Dekel rises

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.

Read more
10 Feb 2025 09:33

Filtronic secures 'significant new contract' with SpaceX

(Sharecast News) - Shares in aerospace products manufacturer Filtronic rallied to a 52-week high early on Monday after announcing a "significant new contract" win with SpaceX.

Read more
10 Feb 2025 08:56

Filtronic to beat market expectations as signs contract with SpaceX

(Alliance News) - Filtronic PLC on Monday said it landed a "significant new contract win" with SpaceX.

Read more
10 Feb 2025 07:46

LONDON BRIEFING: Johnson Matthey names new CFO; Filtronic-SpaceX deal

(Alliance News) - London's FTSE 100 is called to open slightly higher at the start of the week, despite US tariff worries coming to the fore again.

Read more
4 Feb 2025 10:19

Filtronic swings to half-year profit amid SpaceX order boost

(Alliance News) - Filtronic PLC on Tuesday said it swung to profit in the first half of its current financial year, driven by "strong" order intake from SpaceX.

Read more
4 Feb 2025 07:25

Filtronic reports sharp increase in revenue, profits

(Sharecast News) - Filtronic reported a sharp increase in revenue and profitability for the six months ended 30 November on Tuesday, driven by strong order inflow and expanded manufacturing capacity.

Read more
28 Jan 2025 11:29

UK earnings, trading statements calendar - next 7 days

Read more
13 Jan 2025 10:46

IN BRIEF: Filtronic trading ahead of upgraded market expectations

Filtronic PLC - Sedgefield, England-based designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets - Notes order intake for delivery in the current financial year ending May 31 is at a higher rate than expected. The company anticipates to deliver stronger annual results than the recently upgraded market expectations.

Read more
13 Jan 2025 07:21

Filtronic set to end year ahead of market forecasts

(Sharecast News) - Filtronic, a designer and manufacturer of advanced products for the aerospace, defence, space, and telecoms infrastructure markets, announced on Monday that its order intake for the current financial year had exceeded expectations.

Read more
6 Jan 2025 11:26

IN BRIEF: Filtronic names Antonino Spatola as chief commercial officer

Filtronic PLC - Sedgefield, England-based manufacturer of aerospace, defence and telecoms infrastructure product - Appoints Antonino Spatola as new chief commercial officer. The company says he will focus on "driving growth and expanding market presence". Spatola previously held senior roles at Teledyne E2V and Leonardo Spa.

Read more
6 Jan 2025 11:18

Filtronic appoints new chief commercial officer

(Sharecast News) - Filtronic, a designer and manufacturer of products for the aerospace, defence, space, and telecoms infrastructure markets, announced the appointment of Antonino Spatola as its new chief commercial officer on Monday.

Read more
16 Dec 2024 12:46

Filtronic shares jump as it expects to beat market expectations

(Alliance News) - Filtronic PLC shares surged on Monday as it said it expects to beat market expectations and deliver "significant growth" in earnings.

Read more
16 Dec 2024 10:00

Filtronic expects to report 'strong set of results' for H1

(Sharecast News) - Radiofrequency components manufacturer Filtronic said on Monday that it expects to report "a strong set of results" for the six months ended 30 November, with significant growth in both revenue and profits.

Read more
31 Oct 2024 10:16

Filtronic manufacturing output hits targets

(Sharecast News) - Mission-critical communication network components business Filtronic said on Thursday that manufacturing output has reached planned customer volume and quality requirements following strong order flow from SpaceX in H1.

Read more

Track Your Investments

Register for FREE

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.