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Pin to quick picksMetro Bank Share News (MTRO)

Share Price Information for Metro Bank (MTRO)

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EARNINGS UPDATES: Forterra profits from housing; Metro loss narrows

Thu, 28th Jul 2022 14:30

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

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Seplat Energy PLC - Lagos-based energy company focused on Nigeria - Posts tripled pretax profit in the half-year ended June 30. Pretax profit surges to USD209.9 million from USD62.1 million. Revenue climbs 71% to USD527 million from USD308.8 million. Declares interim dividend of 5 US cents, doubled from 2.5 US cents a year ago. Narrows production guidance to between 50,000 and 54,000 barrels of oil equivalent per day from 50,000 to to 60,000 it posted in April when it posted first quarter results.

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Forterra PLC - Northampton, England-based building product manufacturer - Pretax profit in half-year to June 30 grows 52% to GBP44.2 million from GBP29.1 million a year ago. Forterra revenue jumped 24% to GBP222.8 million from GBP180.3 million the year before. Declares 4.6 pence per share interim dividend, up 44% from 3.2p a year ago. Says first half trading was ahead of same period in pre-pandemic 2019. Brick volumes are up 3% on prior year and in line with 2019. Expects 2022 results to be slightly ahead of board's previous expectations. Adds its new Desford brick factory is progressing to the timetable and on budget, expecting it to commission in late 2022.

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Metro Bank PLC - London-based challenger bank - Posts smaller loss on cost discipline. Pretax loss in half-year to June 30 narrows to GBP60.2 million from GBP106.2 million loss a year ago. Total income increased 6% to GBP236.5 million from GBP222.2 million the prior year while net interest income climbed 36% to GBP180.8 million from GBP133.3 million. Expects to break even during the first quarter of 2023. "The current inflationary environment is the highest we have witnessed in a generation however a tight cost discipline has helped us weather this headwind. A clear example of this is the action we have undertaken over the past couple of years to take advantage of the depressed commercial property market to buy the freeholds to a number of our stores," firm says.

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Restore PLC - Redhill, England-based document management and IT recycling business - Reports profit boosted by substantial growth in Digital and Information Management revenue. Pretax profit in the half-year to June 30 surges 58% to GBP14.1 million from GBP8.9 million a year ago. Revenue rises by 32% to GBP140.3 million from GBP106.1 million. Digital and Information Management division posts GBP24.6 million adjusted operating profit, up 31% from GBP18.8 million. Declares interim dividend of 2.6 pence versus 2.5p. Expects interest costs to be between GBP1.0 million and GBP2.0 million higher than previously thought due to rising interest rates. Expects to deliver "strong growth" for 2022 as it adjusts prices based on inflation, offsetting cost increases.

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By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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30 Apr 2024 11:58

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Deposits push higher at Metro Bank

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13 Mar 2024 17:05

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(Correcting error in article lede.)

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13 Mar 2024 16:54

LONDON MARKET CLOSE: FTSE 100 in green as UK economy rebounds

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13 Mar 2024 10:00

TOP NEWS: Metro Bank to cut jobs as targets further cost savings

(Alliance News) - Metro Bank Holdings PLC on Wednesday said it returned to profit for the first time in five years as deposits ticked higher and costs declined.

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13 Mar 2024 09:25

LONDON BROKER RATINGS: JPMorgan raises Flutter and cuts Entain

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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13 Mar 2024 07:57

Metro Bank records first profit since 2018

(Sharecast News) - Metro Bank has reported its first annual statutory profit in five years despite a flat top line as the UK high street bank launched a cost-savings programme that cut store hours and roles across the business.

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6 Mar 2024 16:06

UK earnings, trading statements calendar - next 7 days

Thursday 7 March 
Admiral Group PLCFull Year Results
Aviva PLCFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Coats Group PLCFull Year Results
Darktrace PLCHalf Year Results
Elementis PLCFull Year Results
Entain PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Harbour Energy PLCFull Year Results
ITV PLCFull Year Results
Kier Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Nexus Infrastructure PLCFull Year Results
PageGroup PLCFull Year Results
Physiomics PLCHalf Year Results
Rentokil Initial PLCFull Year Results
Robert Walters PLCFull Year Results
Spirax-Sarco Engineering PLCFull Year Results
TT Electronics PLCFull Year Results
Tyman PLCFull Year Results
Friday 8 March 
Informa PLCFull Year Results
Just Group PLCFull Year Results
LMS Capital PLCFull Year Results
Stelrad Group PLCFull Year Results
Monday 11 March 
HgCapital Trust PLCFull Year Results
Mincon Group PLCFull Year Results
MTI Wireless Edge LtdFull Year Results
Tuesday 12 March 
BATM Advanced Communications LtdFull Year Results
Costain Group PLCFull Year Results
Domino's Pizza Group PLCFull Year Results
Fonix Mobile PLCHalf Year Results
Foresight Solar Fund LtdFull Year Results
Genuit PLCFull Year Results
H&T Group PLCFull Year Results
Hill & Smith PLCFull Year Results
MaxCyte IncFull Year Results
Persimmon PLCFull Year Results
Synthomer PLCFull Year Results
Target Healthcare REIT PLCHalf Year Results
TI Fluid Systems PLCFull Year Results
TP ICAP Group PLCFull Year Results
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4imprint Group PLCFull Year Results
Advanced Medical Solutions Group PLCFull Year Results
Balfour Beatty PLCFull Year Results
Centaur Media PLCFull Year Results
Faron Pharmaceuticals LtdFull Year Results
Ferrexpo PLCFull Year Results
Gym Group PLCFull Year Results
Hochschild Mining PLCFull Year Results
IP Group PLCFull Year Results
Keywords Studios PLCFull Year Results
Kin & Carta PLCHalf Year Results
Metro Bank Holdings PLCFull Year Results
Nexteq PLCFull Year Results
PensionBee Group PLCFull Year Results
Public Policy Holding Co IncFull Year Results
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Supermarket Income REIT PLCHalf Year Results
Trainline PLCTrading Statement
Vaalco Energy IncFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

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29 Feb 2024 21:44

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IN BRIEF: "Supportive" majority shareholder joins Metro Bank board

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