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Share Price: 15.50
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EARNINGS UPDATES: Belvoir ups yearly payout; SigmaRoc swings to profit

Mon, 27th Mar 2023 15:01

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

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Belvoir Group PLC - Lincolnshire, England-based property franchise and financial services - Posts revenue of GBP33.7 million for 2022, up 14% from GBP29.6 million in 2021. Revenue from the financial services division increases by 26% to GBP18.1 million, from GBP14.4 million a year earlier. Pretax profit drops slightly to GBP9.1 million from GBP9.3 million, as administrative costs rise by 16% to GBP11.2 million from GBP9.7 million a year earlier. Declares a final dividend of 5.0 pence per share, up 11% from 4.5p a year earlier. This takes the total dividend for 2022 to 9.0p per share, up 5.9% from 8.5p a year prior. Looking ahead, says remains confident that it will perform well against the market in 2023 and beyond.

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SigmaRoc PLC - quarried materials company - Says revenue for 2022 is GBP538.0 million, up 98% from GBP272.0 million in 2021. Swings to a pretax profit of GBP42.7 million from a loss of GBP2.3 million, as profit from operations surges to GBP115.9 million from GBP61.9 million a year earlier. Earnings before interest, tax, depreciation and amortisation amount to GBP101.7 million, up from GBP49.3 million in 2021. Earnings per share total 8.0 pence per share, up from 5.4p in 2021. Chief Executive Officer Max Vermorken says the group has delivered performance well ahead of expectations in 2022, and that the start of 2023 has been encouraging.

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Plexus Holdings PLC - West Sussex-based engineering services provider - For the six months ended on December 31, sales revenue is GBP709,000, down from GBP734,000 a year before. Pretax loss widens to GBP2.1 million from GBP1.9 million, as administrative expenses increase to GBP2.6 million from GBP2.5 million in 2021. Says the loss comes after absorbing depreciation and amortisation costs of about GBP800,000. Chief Executive Ben van Bilderbeek says: "While the first half of this financial year continued to be challenging with low sales revenue and trading losses, I am encouraged by a number of positive internal and external indicators and developments." Looking ahead, Plexus warns of headwinds in Europe and UK, but says that the global wellhead equipment market is now beginning to thrive, which it says can be positive for the firm.

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Northamber PLC - London-based distributor of audio-visual and information technology equipment - Posts revenue of GBP33.6 million for the six months ended on December 31, up 4.1% from GBP32.3 million a year before. However, pretax loss widens to GBP250,000 from GBP116,000, as administrative costs increase to GBP1.8 million from GBP1.6 million a year earlier. Declares an interim dividend of 0.3 pence per share. Looking ahead, Northamber says it remains cautiously optimistic that the investments it has made in supporting its partners will "continue to drive growth of strategic business units although some of these investments returns have been hampered by the impact of inflationary issues".

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Bioventix PLC - London-based biotechnology company - Says revenue for 2022 increases by 25% to GBP5.9 million from GBP4.7 million in 2021. Says sales of physical product have performed well, and revenue from its vitamin D antibody and other core antibodies have all increased as anticipated. Pretax profit climbs by 27% to GBP4.5 million from GBP3.6 million, as operating profit grows to GBP4.5 million from GBP3.6 million a year earlier. Declares interim dividend of 62 pence per share, up 20% from 52p a year prior. Looking ahead, says it remains optimistic about its troponin revenue and looks forward to reporting further progress in the second half of the year.

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By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Dec 2023 19:41

IN BRIEF: Plexus lenders exercise call options on loan agreements

Plexus Holdings PLC - AIM-quoted oil and gas engineering services business headquartered in Aberdeen - Updates with regards to the previously announced loan and option agreements. Alongside the loan agreements, which had a total value of GBP700,000, the company entered into primary and secondary call option agreements with Ben van Bilderbeek and Plexus Property International Ltd.

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8 Dec 2023 13:57

IN BRIEF: Plexus Holdings sells 2.2 million treasury shares

Plexus Holdings PLC - AIM-quoted oil and gas engineering services business headquartered in Aberdeen - Sells 2.2 million treasury shares at an average price of 18.93 pence each, to raise GBP416,554 in gross proceeds.

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29 Nov 2023 11:53

Plexus shares fall as annual loss narrows; eyes return to profit

(Alliance News) - Plexus Holdings PLC on Wednesday reported a fall in annual revenue and a narrowed loss as it expects a return to profit in the new financial year.

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6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

(Alliance News) - Stock prices in London closed mixed on Monday, whilst US markets opened higher, with investors continuing to digest hopes that interest rates have peaked.

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6 Nov 2023 11:17

Plexus inks rental contract with Neptune Energy

(Sharecast News) - Oil and gas engineering services business Plexus has struck a roughly £175,000 rental contract award with Neptune Energy UK for exact adjustable wellhead and centric mudline suspension equipment.

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6 Nov 2023 10:56

Plexus Holdings hails GBP175,000 contract with Neptune Energy UK

(Alliance News) - Plexus Holdings PLC on Monday said it signed a rental contract as it sees a boost from an increase in the number of wells that need to be permanently abandoned.

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6 Nov 2023 10:24

AIM WINNERS & LOSERS: Strip Tinning and Plexus win deals

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

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24 Oct 2023 11:13

Plexus wins Exact and Centric equipment contract for North Sea project

(Alliance News) - Plexus Holdings PLC on Tuesday said it won a contract for 'Exact' adjustable wellhead and 'Centric' mudline systems equipment for a North Sea plug and abandonment project secured through its licensor Schlumberger NV.

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23 Oct 2023 18:42

IN BRIEF: Plexus raises GBP549,230 from sale of Treasury shares

Plexus Holdings PLC - West Sussex-based engineering services provider - Sells around 2.8 million Treasury shares at an average price of 19.97 pence each to raise GBP549,230. Says the funds raised will provide additional working capital as it seeks to capitalise on its growing pipeline of opportunities and potential orders. Following this sale, the company has around 103 million ordinary shares in issue, with 2.2 million shares held in Treasury.

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6 Oct 2023 13:25

Plexus upbeat on North Sea plug and abandonment success

(Sharecast News) - Engineering services firm Plexus Holdings announced the successful completion of its plug and abandonment (P&A) equipment and services campaign for Oceaneering International on Friday.

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6 Oct 2023 12:05

IN BRIEF: Plexus completes plug & abandonment campaign for Oceaneering

Plexus Holdings PLC - West Sussex-based engineering services provider - Completes plug and abandonment equipment and services campaign for Oceaneering International Inc's division, Oceaneering International Services Ltd. Says order from Oceaneering included tieback and subsea well control equipment, as well as hydraulic controls and services in a configuration designed for vessel-based deployment and work. Adds order generated GBP850,000 in revenue for Plexus in financial 2023.

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18 Sep 2023 17:02

IN BRIEF: Plexus strikes loan agreements worth GBP700,000

Plexus Holdings PLC - West Sussex-based engineering services provider - Enters loan agreements worth total GBP700,000. Explains proceeds will be used to provide additional working capital as it seeks to capitalise on a growing pipeline of opportunities and potential orders. Agrees GBP200,000 loan with Ben van Bilderbeek, chief executive, and a GBP500,000 loan with Plexus Property International Ltd, a company owned and controlled by OFM Ltd, a company in turn controlled by the van Bilderbeek family and related trusts. Notes the loans accrue interest at a rate of 8% per annum and the balance, plus any interest accrued, is repayable after 12 months.

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22 Aug 2023 16:56

LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak

(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.

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22 Aug 2023 13:22

Plexus shares jump on expansion of major contract

(Sharecast News) - Oil and gas engineering services company Plexus Holdings announced a significant rise in the value of a major contract on Tuesday.

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22 Aug 2023 13:22

Plexus shares jump on expansion of major contract

(Sharecast News) - Oil and gas engineering services company Plexus Holdings announced a significant rise in the value of a major contract on Tuesday.

Read more

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