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Pin to quick picksHarland & Wolff Share News (HARL)

Share Price Information for Harland & Wolff (HARL)

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Share Price: 9.60
Bid: 9.20
Ask: 10.00
Change: -0.42 (-4.19%)
Spread: 0.80 (8.696%)
Open: 10.25
High: 10.25
Low: 8.75
Prev. Close: 10.02
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EARNINGS UPDATES: Harland & Wolff interim revenue climbs

Fri, 30th Sep 2022 17:32

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

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Harland & Wolff Group Holdings PLC - London-based offshore construction company - Revenue in first six months of the year climbs to GBP15.4 million from GBP4.1 million last year. Pretax loss widens to GBP17.6 million from GBP9.3 million last year. Says it will not declare an interim dividend. Continues to maintain full-year revenue guidance of between GBP65 million and GBP75 million by the end of financial year 2022. Says it is seeing a "significant" increase in revenue from key projects that were contracted at the beginning of third quarter, as well as the fourth quarter being the "peak" cruise and ferry repair season. "After a slow start this year, we have now gained significant momentum with the rapid execution of three major contracts. As we announce these interim results, we have a backlog of over GBP100 million, a record level for the company, affording us strong future visibility of revenue.," says Chief Executive John Wood.

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Challenger Energy Group PLC - Caribbean and Atlantic-margin focused oil and gas company - Says net petroleum revenue in first half of 2022 was up to USD2.7m compared to USD2.3 million in the same period in 2021. Swings to pretax profit USD4.3 million, compared to a loss of USD11.8 million last year. Finance costs fall to USD275,000 from USD5.5 million year-on-year.

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IDE Group Holdings PLC - Edinburgh-based network, cloud and IT managed services - Posts revenue for first six months of 2022 of GBP6.7 million compared to GBP7.6 million last year. Pretax loss widens to GBP1.2 million from GBP120,000 in 2021. Says it is pleased with trading as it builds towards a profitable cash year. Expects full-year financial year 2022 results to be in line with financial year 2021 results, on a like for like basis. "The first six months of the year has been a period of laying the foundations for future growth, following the disposal of the Connect division. The group has taken advantage of this period to continue to restructure the operational side of the business and focus on expanding our network of partners," says Non-Executive Chair Andy Parker.

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Mirada PLC - Surrey, England-based broadcasting technology firm - Revenue in financial year to March 31 falls to USD11.0 million, from USD11.1 million last year. Pretax loss narrows to USD2.9 million from USD3.2 million. Financial year 2022 staff costs narrow to USD6.5 million from USD7.1 million, whilst total admin expenses narrow to USD13.0 million from USD13.4 million. Says outlook remains unchanged and that the new financial year will be "one of significant commercial progress". Adds that it has a "record" sales pipeline. "We have invested heavily and developed several strategic initiatives ahead of the curve that position us at the centre of emerging TV and video service trends. Assuming the worst of the pandemic is now behind us, I am confident Mirada is equipped to return to its pre-Covid trajectory and grow in a meaningful and sustainable way," Chief Executive Jose-Luis Vazquez adds.

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By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
15 May 2024 20:26

Harland & Wolff moves to reassure investors after "misleading" article

(Alliance News) - Harland & Wolff Group Holdings PLC on Wednesday moved to reassure investors as it responded to what it considers to be a "misleading and inaccurate article published in the Times" on Wednesday.

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6 Mar 2024 14:12

Harland & Wolff enters five-year deal with global oil company

(Sharecast News) - Harland & Wolff Group announced a major new partnership on Wednesday, having signed a five-year master services agreement with an unnamed global oil services company.

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6 Mar 2024 13:57

Harland & Wolff inks GBP3 million subsea contract with oil firm

(Alliance News) - Harland & Wolff Group Holdings PLC on Wednesday said that it has signed a master services agreement with a global oil services company for the fabrication of large structures.

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5 Mar 2024 17:09

EARNINGS AND TRADING: Harland & Wolff wins major Falklands contract

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

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29 Dec 2023 13:15

Harland & Wolff gets go-ahead to negotiate £200m loan facility

(Sharecast News) - Harland & Wolff Group has received permission from ministers to proceed with negotiations for a proposed £200m guaranteed loan facility with UK Export Finance (UKEF) under the Export Development Guarantee Scheme, it announced on Friday.

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29 Dec 2023 12:45

London close: Stocks mixed after short New Year session

(Sharecast News) - London markets had a mixed performance in a shortened pre-holiday trading session on Friday.

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29 Dec 2023 10:45

AIM WINNERS & LOSERS: Harland & Wolff rises as loan talks progress

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

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29 Dec 2023 10:14

Harland & Wolff gets approval for UKEF GBP200 million credit facility

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday said it had received ministerial approval for a new credit facility with UK Export Finance.

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21 Dec 2023 16:34

Harland & Wollf rules out move for Isles of Scilly shipping operator

(Alliance News) - Harland & Wolff Group Holdings PLC on Thursday said it would not bid for Isles of Scilly Steamship Company Ltd.

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30 Nov 2023 16:45

Harland & Wolff says accounting change could see some revenue deferred

(Alliance News) - Shares in Harland & Wolff Group Holdings PLC on Thursday fell after it warned a different approach to revenue recognition could see some revenue being deferred to a later financial period.

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24 Nov 2023 11:38

Harland & Wolff confirms approach to buy Isles of Scilly Steamship

(Alliance News) - Harland & Wolff Group Holdings PLC on Friday confirmed it made an indicative and preliminary takeover approach for Isles of Scilly Steamship Co Ltd, which the latter rejected on Thursday.

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24 Nov 2023 07:50

LONDON BRIEFING: L&G agrees GBP4.8b buy-in for Boots Pension Scheme

(Alliance News) - Stocks in London are expected to open in the red on Friday, with trading volumes likely to be lighter given the Thanksgiving holiday period in the US.

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23 Nov 2023 18:10

Isles of Scilly Steamship rejects takeover approach by Harland & Wolff

(Alliance News) - Isles of Scilly Steamship Co Ltd on Friday announced that it unequivocally rejected a preliminary approach from Harland & Wolff Group Holdings PLC.

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16 Nov 2023 04:30

TRADING UPDATES: Zephyr Energy sales fall in third quarter

(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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8 Nov 2023 14:04

Harland & Wolff signs technology transfer deal with Austal Ships

(Alliance News) - Harland & Wolff Group Holdings PLC on Wednesday said it has signed a deal with Austal Ships Pty Ltd for technology transfer for the development of next-generation aluminium vessels.

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