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Pin to quick picksMaintel Share News (MAI)

Share Price Information for Maintel (MAI)

London Stock Exchange
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Share Price: 230.00
Bid: 220.00
Ask: 240.00
Change: 5.00 (2.22%)
Spread: 20.00 (9.091%)
Open: 225.00
High: 230.00
Low: 225.00
Prev. Close: 225.00
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Maintel shares fall as profit declines

Mon, 10th Sep 2012 12:27

Maintel, a telecoms and data services company, increased its revenues by six per cent in the first half of 2012, boosted by a significant contribution from its acquisition of Totility in October the previous year. Revenue for the period rose to £13.5m (H1 2011 - £12.7m), delivering adjusted profit before tax up 38% at £2.35m (H1 2011 - £1.71m) which equates to adjusted earnings per share of 16.6p (H1 2011 - 11.9p), an increase of 39%.Cost of sales remained stable, edging up slightly from £8.3m to £8.4m. Gross profit came in at £5.1m compared to £4.3m. Actual pre-tax profit was £0.2m compared to £1.6m the same half the previous year. Totility generated gross profit of £0.86m, while the Network services business put in a "robust performance", with revenues up 10% at slightly improved margins. The firm said: "These two businesses made up for the anticipated slowing in our Maintenance and Equipment division where the winding down of two fixed term contracts and other attrition were only offset towards the end of the period by a significant new business win. Equipment sales returned to historically more normal proportions after an exceptional year in 2011."The second half has begun quietly but we have a good maintenance and equipment pipeline to close which with mobile and network services prospects gives us cautious optimism for the full year."Cash at the mid-year point was £2.12m (31 December 2011 - £2.95m). The company has proposed a dividend payment of 6.3p per share (H1 2011: 4.6p), to be paid on October 5th. The share price fell 1.95% to 377.50p by 12:50.NR
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4 Aug 2023 11:14

CORRECT: Maintel says earnings and revenue up after restructuring

(Correcting the full name of client company IDH.)

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Maintel says earnings and revenue up after successful restructuring

(Alliance News) - Maintel Holdings PLC on Thursday said its recent reorganisation supported an improved performance in the first half year.

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23 May 2023 15:46

UK shareholder meetings calendar - next 7 days

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EARNINGS UPDATES: HSS Hire profit multiplies; Maintel swings to loss

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IN BRIEF: Maintel shares plunge as CEO Ioan MacRae resigns immediately

Maintel Holdings PLC - London-based cloud and managed service specialist - Chief Executive Officer Ioan MacRae resigns with immediate effect. Executive Chair Carol Thompson will assume day-to-day responsibility while Maintel searches for a new CEO.

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19 Jan 2023 21:55

TRADING UPDATES: Maintel earnings take hit; Arecor meets expectations

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TRADING UPDATES: Impellam and Maintel in profit; Curtis Banks prospers

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

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25 Mar 2022 17:34

IN BRIEF: Maintel Holdings signs new GBP26 million facility with HSBC

Maintel Holdings PLC - London-based cloud and managed service specialist - Agrees new refinancing agreement with HSBC UK for a GBP26 million facility over a three-year term at least. The new facility with HSBC UK replaces a six-year partnership with NatWest Bank.

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25 Mar 2022 10:32

Maintel replaces NatWest facility with 'more favourable' HSBC deal

(Sharecast News) - Cloud, network and security service provider Maintel announced a new refinancing agreement with HSBC UK on Friday, for a £26m facility over a minimum three-year term.

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31 Jan 2022 14:55

IN BRIEF: Maintel expects annual revenue in line with expectations

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UK earnings, trading statements calendar - next 7 days

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