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Pin to quick picksOrigin Share News (OGN)

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EARNINGS: dotdigital eyes rosy future; Beeks Financial turns to profit

Tue, 05th Mar 2024 20:43

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

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Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - Swings to pretax profit of GBP158,000 in the six months to December 31, from a loss of GBP762,000 a year prior. Revenue climbs 25% to GBP13.0 million from GBP10.4 million. Cost of sales increase 31% to GBP8.2 million from GBP6.2 million, while admin expenses decrease 4.2% to GBP4.7 million from GBP4.9 million. Looking ahead, Chief Executive Officer Gordon McArthur says the company is confident as it was underlining "the size of the opportunity we are addressing. Financial markets are still only at the start of the journey to the cloud. With our proven offering and growing tier 1 customer base, which includes some of the largest financial organisations in the world, as well as our increasing profit margins and cash generation, we have never been better placed to seize the opportunity. Our focus for the second half remains the conversion of our significant pipeline."

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dotdigital Group PLC - London-based online marketing company - Pretax profit edges down negligibly to GBP7.38 million in the six months to December 31, from GBP7.42 million a year prior. Revenue however grows 15% to GBP38.7 million from GBP33.8 million. Cost of sales increase 14% to GBP8.0 million from GBP7.1 million. Administrative expenses increase 16% to GBP22.4 million from GBP19.2 million. Looking ahead, the company says it enters the second financial half "with good trading momentum and the ability to attract higher value deals, underpinned by continuous product enhancements to drive cross- and up-sells from the existing base." It adds: "We remain confident in the group's ability to continue to execute against its stated strategy and meet market expectations."

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MaxCyte Inc - Maryland, US-based provider of cell engineering platform technologies developing "next-generation cell therapeutics" - Confirms 2023 results it had announced in January. Further, expects core revenue growth of between none and 5% in 2024 compared to 2023. Expects strategic platform license programme-related revenue of around USD3 million for the year, down sharply from USD11.4 million in 2023. CEO Maher Masoud says: "As we continue to expand our SPL portfolio this year, we remain confident in our ability to support our current and prospective clients as new waves of next-generation cell therapies come to market."

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Origin Enterprises PLC - Dublin-based agronomy services firm - Pretax profit dives 96% to EUR5.3 million in the six months to January 31, from EUR13.3 million a year prior. Revenue drops 28% to EUR854.9 million from EUR1.18 billion. Notes an expected correction in global feed and fertiliser raw materials regarding decline in revenue. Despite the results, maintains interim dividend at 3.15 euro cents per share. Looking ahead, says on-farm sentiment remains cautious as growers shift towards spring planting and seek to optimise yields from a reduced autumn/winter planted area. Further, expects financial 2024 earnings per share between 44 and 49 euro cents, reflecting adverse weather. This compares to EPS of 45.24c Origin Enterprises had reported for financial 2023.

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Thor Energy PLC - US and Australia-focused mineral exploration company - Pretax loss widens to GBP2.3 million in the six months to December 31, from GBP8,000 a year prior. Posts no revenue. Notes costs regarding a write off of exploration assets of around GBP1.9 million in the most recent half-year, compared to no such cost a year prior. Managing Director Nicole Warland says: "After ending the year with consistent high-grade uranium results from our 2023 drilling program, we are optimistic about our 2024 drilling programs as we continue to strategically position our portfolio towards advancing our 'green energy' projects in the US." She adds: "With a strong pipeline of news flow expected for the coming months and project milestones across the portfolio, we anticipate 2024 to provide significant progress in our key assets and we will provide further updates in due course."

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Time Out Group PLC - Global media and hospitality business - Pretax loss narrows 63% to GBP4.6 million in the six months to December 31, from GBP12.5 million a year prior. Revenue falls 2.4% to GBP52.5 million from GBP53.8 million. However, like-for-like revenue in constant currency climbs 6.9% to GBP54.9 million from GBP51.4 million. Time Out says it has made "significant" further progress in driving profitability and operational cash generation. It says it has several potential growth avenues, citing collaboration with leading landlords and developers.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Origin completes one Brazil investment, makes progress with another

(Sharecast News) - Agricultural services group Origin Enterprises has completed the acquisition of a 65% controlling interest in the Brazil-based speciality nutrition and crop inputs business Fortgreen Commercial Agricola, following the satisfaction of all conditions, it announced on Tuesday.

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23 Jul 2018 15:53

Mawer Lowers Origin Enterprises Stake To Below Notifiable Level (ALLISS)

LONDON (Alliance News) - Origin Enterprises PLC said Monday that Mawer Investment Management Ltd lowered its stake in the company to below the notifiable threshold.Mawer sold 5.6 million in

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19 Jun 2018 09:08

Hurt By "Prolonged Winter", Origin Enterprises Buys In Sunny Brazil

LONDON (Alliance News) - Agricultural services group Origin Enterprises PLC said Tuesday that it put in a "robust" third-quarter performance despite a negative backdrop of winter" a

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17 May 2018 11:49

Origin Enterprises Non-Executive Director Rose McHugh Retires

LONDON (Alliance News) - Origin Enterprises PLC said Thursday Non-Executive Director Rose McHugh has retired from the board with immediate effect.McHugh has been on the board of the for six

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14 May 2018 15:28

Invesco Now Holds 7.2% Interest In Origin Enterprises (ALLISS)

LONDON (Alliance News) - Origin Enterprises PLC said Monday that American investment management company Invesco Ltd took its stake in the company to 7.2%.Invesco currently holds 9.0 million

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8 Mar 2018 09:24

Origin Enterprises Loss Narrows In Seasonally Quieter First Half

LONDON (Alliance News) - Agri-services firm Origin Enterprises PLC on Thursday said loss in the seasonally quieter first half narrowed significantly due to higher volumes and

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28 Sep 2016 06:59

Origin Enterprises Profit Down By A Quarter In Tough Farming Market

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24 Jun 2016 10:53

DIRECTOR DEALINGS: Origin Enterprises Non-Executive Sells Shares

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26 May 2016 07:28

Origin Enterprises Third Quarter Revenue Slumps On Adverse Weather

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28 Apr 2016 07:26

Origin Enterprises Issues Profit Warning After Disappointing Quarter

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10 Mar 2016 08:31

Origin Enterprises Left Reliant On Second Half After Tough Start

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24 Feb 2016 12:37

Headwind from Brexit risks for Irish exporters likely to reverse, Investec says

(ShareCast News) - Sterling should recover once the risk of Brexit was exorcised, but in the meantime it would create a headwind for Irish exporters, Investec said. Further weakening in the pound due to worries that Britain might leave the European Union might drag on the share prices of Irish compa

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