Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says. Watch here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksINS.L Share News (INS)

  • There is currently no data for INS

EARNINGS UPDATES: tinyBuild interim profit jumps despite challenges

Tue, 27th Sep 2022 13:18

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

----------

Instem PLC - Staffordshire, England-based life science software company - In the six months ended June 30, posts a pretax profit of GBP1.9 million, up 63% from GBP1.2 million the previous year. Revenue increases by 39% year-on-year to GBP27.6 million from GBP19.8 million, while recurring revenue jumped 62% to GBP16.0 million from GBP9.9 million. Instem explains this was the first reporting period with a full contribution from Edge Software Consultancy, d-Wise Technologies, and PDS Pathology Data Systems, which helped increase recurring revenue and visibility. Looking forward, the firm says the market backdrop remains "favourable". It expects to see continued "high" demand for its products.

----------

Mission Group PLC - Devon-based creative and marketing technology agency - In the first half of 2022, records a pretax profit of GBP1.5 million, up 8.7% from GBP1.4 million the previous year. Turnover jumps 17% to GBP81.2 million from GBP69.5 million. The firm says the performance was in line with expectations and achieved despite "considerable" macro-economic headwinds. Looking forward, Mission expects the majority of its profit to be generated in the second half of the year, as in previous years. Adds it is currently on track to deliver in line with its board expectations. Declares an interim dividend of 0.83 pence per share, up from 0.80p the previous year. Also, appoints Non-Executive Director Mark Lund as deputy chair.

----------

Panther Metals PLC - Canada-focused mineral exploration firm - Pretax loss widens to GBP174,632 in the six months ended June 30, from a loss of GBP88,465 the previous year. Posts no revenue, unchanged from a year prior. Net assets at June 30 total GBP2.6 million, up from GBP1.7 million at the same time in 2021. Chair Nicholas O'Reilly says the first half of 2022 was an "exciting time" for the firm and one of "very significant development". Adds the company is fully funded to continue to drive through its workstreams ahead.

----------

tinyBuild Inc - Washington, US-based indie games publisher - Reports interim results "slightly ahead of expectations". In the six months to June 30, posts a pretax profit of USD6.8 million, up sharply from USD689,000 the previous year. Revenue jumps 54% to USD28.8 million from USD18.6 million - reflecting a strong catalogue performance and a solid performance from its acquired businesses, the company adds. Chief Executive Alex Nichiporchik says: "If H1 2022 was a game, we would have been playing it on the "Very Difficult" setting. We faced unprecedented challenges, including the war in Ukraine, having to extract staff out of Russia, a sharp increase in the cost of living and supply chain issues. Still, against all odds, the team pulled through and won." Looking forward, the firm says it is confident that it is on track to deliver results "at least in line with expectations".

----------

NAHL Group PLC - Northamptonshire, England-based consumer legal services provider - In the six months ended June 30, posts a pretax profit of GBP50,000, down sharply from GBP581,000 the previous year but in line with expectations. Explains operating profit was lower due to planned investment in scaling the group's integrated law firm, NAL. Revenue, however, rises to GBP20.7 million from GBP19.5 million, with growth seen in both its divisions. Based on its first half performance, NAHL says it believes it can navigate the second half of the year and macroeconomic uncertainty to deliver a full-year outturn in line with expectations.

----------

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Related News

TRADING UPDATES: Time Finance earnings up; Aptitude Software wins deal
12 hours ago

TRADING UPDATES: Time Finance earnings up; Aptitude Software wins deal

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

WINNERS & LOSERS: Ramsdens accepts GBP206 million Firstcash offer
2 days ago

WINNERS & LOSERS: Ramsdens accepts GBP206 million Firstcash offer

(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Tuesday.

Panther Metals raises GBP2.5 million to accelerate Obonga drilling
18 Jun 2026

Panther Metals raises GBP2.5 million to accelerate Obonga drilling

(Alliance News) - Panther Metals PLC on Thursday announced that it has raised gross GBP2.5 million through a "significantly oversubscribed" placing.

INS.L News

TRADING UPDATES: Instem acquisition by Ichor sanctioned by UK court
16 Nov 2023

TRADING UPDATES: Instem acquisition by Ichor sanctioned by UK court

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

TRADING UPDATES: Actual Experience appoints administrators
7 Nov 2023

TRADING UPDATES: Actual Experience appoints administrators

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

IN BRIEF: Instem shareholders back motions relating to Archimed offer
3 Nov 2023

IN BRIEF: Instem shareholders back motions relating to Archimed offer

Instem PLC - Staffordshire, England-based provider of IT services to life sciences market - On Thursday, reports required majority of shareholders bac...

IN BRIEF: Instem adjourns meeting after disclosing further approaches
18 Oct 2023

IN BRIEF: Instem adjourns meeting after disclosing further approaches

Instem PLC - Staffordshire, England-based provider of IT services to life sciences market - Intends to adjourn the court meeting and the general meeti...

IN BRIEF: Instem shares fall back as Archimed says offer is final
13 Oct 2023

IN BRIEF: Instem shares fall back as Archimed says offer is final

Instem PLC - Staffordshire, England-based provider of IT services to life sciences market - Takeover offer from funds managed by Archimed SAS is decla...

AIM WINNERS & LOSERS: TomCo raises funds; Instem bid "final"
13 Oct 2023

AIM WINNERS & LOSERS: TomCo raises funds; Instem bid "final"

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

Instem swings to loss in first half but posts revenue growth
15 Sep 2023

Instem swings to loss in first half but posts revenue growth

(Alliance News) - Instem PLC on Friday said it swung to a pretax loss in the six months ended June 30 on higher employee costs, but reported topline g...