The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLatham Timber Share News (LTHM)

Share Price Information for Latham Timber (LTHM)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,215.00
Bid: 1,190.00
Ask: 1,240.00
Change: -5.00 (-0.41%)
Spread: 50.00 (4.202%)
Open: 1,220.00
High: 1,220.00
Low: 1,215.00
Prev. Close: 1,220.00
LTHM Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EARNINGS UPDATES: Science in Sport, Ascent Resources losses widen

Thu, 29th Jun 2023 14:30

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

--------

Science in Sport PLC - London-based sports nutrition company - In 2022, pretax loss widens to GBP10.6 million from GBP5.3 million the year prior as its cost of goods increase to GBP36.8 million from GBP31.2 million and it records GBP1.1 million in new facility transition costs compared to GBP125,000 the year prior. Revenue rises to GBP63.8 million from GPB62.5 million. Says this revenue figure was impacted by the closure of its Russian business, port congestion issues in the US and supply chain issues. Looking forward, says it is delivering a return to profitable growth year to date for 2023. Chief Executive Stephen Moon says: "In 2023, we are well set for profitable growth, as evidenced by sales growth over the last four months. Our retail business, domestically and internationally, is delivering profitable growth, and our Amazon business is performing significantly above the same period last year."

---------

James Latham PLC - Hertfordshire-based distributor of timber, panels and decorative surfaces - Posts revenue of GBP408.4 million for the year ended on March 31, up 6.0% from GBP385.4 million the year before. Pretax profit, however, reduces to GBP44.5 million from GBP58.0 million, as gross profit decreases to GBP80.0 million from GBP91.5 million the year before. Selling and distribution costs rise to GBP24.2 million from GBP22.2 million the year before. Declares a final dividend of 20.8 pence per share, up 9.5% from 19.0p a year prior. This takes the total dividend for the year to 36.05p, up 7.6% from 33.5p a year prior. Looking ahead, says its challenge is to "navigate the business towards what is a more normal and realistic profit achievement which takes into account the market conditions we are operating in and the inflationary overhead pressures that all companies are facing".

---------

Ascent Resources PLC - Latin America and Europe-focused energy and natural resources company - Records revenue of GBP581,000 for 2022, compared to none in 2021. Pretax loss widens to GBP41.9 million from just GBP2.0 million a year earlier, as it incurs impairment expenses of GBP39.7 million compared to none in 2021. Looking ahead, says it is well placed to complete its continuing ESG Metals business development activity during the 2023 financial year.

--------

Beacon Energy PLC - Germany-focused upstream oil & gas company - Pretax loss narrows to USD1.1 million for 8 months ended on December 31, from USD27.4 million in financial 2022, as the firm suffered an impairment loss of USD23.9 million in financial 2022. Says in 2022, the firm "worked tirelessly to stabilise company's financial position". Looking ahead, the firm says it is now building material international upstream oil and gas business.

--------

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
20 Mar 2014 10:48

James Latham Says Full-Year Profit To Beat Expectations

LONDON (Alliance News) - James Latham PLC, the joinery and wood distributor, said in a trading statement Thursday that revenues for the year ending March 31 are expected to be broadly in line with expectations, with a pretax profit higher than previously expected. The group said it intends

Read more
20 Mar 2014 09:19

Thursday broker round-up UPDATE

Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target

Read more
20 Mar 2014 08:42

James Latham eyes forecast busting full-year profit

- Full pre-tax profit to come in ahead of targets - Annual revenue expected to reach targets - Shares jump four per cent Shares of timber merchant James Latham rose sharply after it said full-year pre-tax profit is likely to be higher than expected while revenue is expected to be broadly in line wi

Read more
20 Mar 2014 08:34

UK MORNING BRIEFING: Shares Open Lower On Yellen Rates Comment

LONDON (Alliance News) - Shares have opened lower Thursday, as markets around the world react to Fed Chair Janet Yellen's hint of an earlier-than-expected rise in US interest rates. The CEO of handbag firm Mulberry has stepped down after only two years in the job.

Read more
4 Feb 2014 11:34

DIRECTOR DEALINGS: James Latham Executives Acquire Shares

LONDON (Alliance News) - James Latham PLC Tuesday said Chairman Peter Latham, Finance Director David Dunmow and a group of other executives acquired shares at a price of 435 pence per share under the company share plan Monday.

Details are as follows.

Read more
28 Nov 2013 12:35

James Latham First-Half Profit Rises Driven By Higher Sales Volumes

Read more
28 Nov 2013 12:27

CORRECT: AIM IN BRIEF: Herstal Emerges As Favourite To Acquire Manroy

Read more
28 Nov 2013 08:22

AIM IN BRIEF: Beretta Emerges As Favourite To Acquire Manroy

Read more
29 Aug 2013 14:55

DIRECTOR DEALINGS - James Latham Allocates 2.8K Shares

Read more
25 Nov 2010 12:46

Small caps round-up: Europa Oil, Regal Petroleum, Cardiff Property...

Shares in Europa Oil & Gas gushed ahead after it said drilling at the Barchiz-1 exploration well in Romania encountered oligocene sandstone reservoirs similar to those seen in a nearby field. 'Clearly we are extremely encouraged by this result and look forward to seeing the flow test results in the

Read more
29 Jun 2010 11:03

Small caps round-up: Northern Bear, Airsprung, Pursuit Dynamics...

Support services group Northern Bear stretched its strong run Tuesday after claiming a good start to the new financial year, with its order book and pipeline well up on a year ago. "The board is pleased to announce that the new financial year has started well, with strong order books and a healthy

Read more
29 Jun 2010 07:50

James Latham FY Pretax Profit GBP5.59M Vs GBP4.17M

LONDON (Dow Jones)--James Latham PLC (LTHM.LN), said Tuesday that it made pretax profit of GBP5.59 million for the year ended March 31, compared with GBP4.17 million. MAIN FACTS: -Revenue in the financial year to March 31, was GBP115.37 million, 1.3% up on last year's GBP113.90 million -

Read more
20 Aug 2009 15:54

James Latham felled by revenue dip

Timber merchant James Latham says revenue during the first four months of its financial year is down nearly 9% on a year ago as the recession dulls activity. The company, which has seen its share price rally almost 60% since March, blamed the weaker economy and some lower product prices. Although

Read more
25 Jun 2009 17:01

London close: Late rally not enough

A late rally by UK equities was not enough to prevent the blue-chip index closing in negative territory, largely as a result of weak miners, which were weighted down by softer metals prices. Lonmin, Vedanta, Rio Tinto and BHP Billiton were all stuck in the red. Elsewhere in the sector, Anglo Americ

Read more
25 Jun 2009 14:27

London afternoon: Banks and miners retreat

Leading equities drift lower in the afternoon session, led by banks and miners. Asia-focused bank Standard Chartered eases back, despite enjoying record income and operating profit in the first five months of this year. Some of this success has been offset by weakness in consumer banking, however,

Read more

Quickpicks are a member only feature

Login to your account