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Share Price: 37.50
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TRADING UPDATES: Impellam and Maintel in profit; Curtis Banks prospers

Thu, 31st Mar 2022 13:04

(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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Impellam Group PLC - Luton, England-based recruiter - Swings to pretax profit of GBP15.4 million in 2021 from loss of GBP20.4 million in 2020, with a strong recovery from the UK & Europe, and a more muted increase from Asia Pacific, which was hampered by prolonged lockdowns. Revenue increases 13% to GBP2.26 billion from GBP2.00 billion, through a rapid increase in demand across all regions. Revenue also exceeds pre-pandemic figure of GBP2.25 billion. Declares no dividend for the year, in line with 2020. Looking ahead, Impellam makes a positive start to 2022, but events in Ukraine and resulting geopolitical instability has made the outlook uncertain.

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Maintel Holdings PLC - London-based cloud and managed service specialist - For 2021, swings to pretax profit of GBP5.2 million from a loss of GBP2.2 million in 2020, as a reduction in administrative expenses more than offsets a 2.3% decline in revenue to GBP103.9 million from GBP106.4 million. Revenue is hurt by declines from Maintel's Mobile division due to fewer customers and from Managed Services & Technology on a decline of legacy PBX and contact centre markets. Declares no dividend due to uncertainty, in line with the year before.

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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Pretax profit increases 22% to GBP9.3 million in 2021 from GBP7.6 million in 2020, on revenue growth of 18% to GBP63.3 million from GBP53.9 million. This is driven by a full-year contribution from acquisitions Talbot & Muir and Dunstan Thomas, in addition to growth from the self-invested personal pensions business. As at December 31, assets under administration increases 15% year-on-year to GBP37.4 billion from GBP32.4 billion. Proposes final dividend of 6.5 pence per share, bringing total 2021 payout to 9.0p, in line with 2020.

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Proteome Sciences PLC - drug development services provider - For 2021, pretax profit falls 52% to GBP118,000 from GBP245,000 due to a rise in administrative costs through investments in new staff and a share-based payment charge of GBP570,000. This is despite an 6.2% rise in revenue to GBP5.1 million from GBP4.8 million, mainly on growth from the Services business on higher orders. Looking ahead, a strong order book gives the company confidence on an increase in profit and revenue for 2022, noting high demand for Services in the final quarter of 2021.

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Mosman Oil & Gas Ltd - Sydney-based oil and gas company - For the six months ended December 31, pretax loss narrows to AUD498,940, around USD373,151 from AUD708,822 a year prior, on revenue that increases 95% to AUD745,790 from AUD383,138. Net production by Mosman rises 43% to 17,344 barrels of oil equivalent, on an uplift in output from existing projects, the acquisition of Nadsoilco LLC and a higher interest in Falcon-1 in East Texas.

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Nippon Active Value Fund PLC - Japan-focused investment firm - As at December 31, net asset value per share increases 21% to 137.90 pence from 113.58p the same date a year before. For 2021, NAV total return per share is 22%, outperforming the MSCI Japan Small Cap Index, which suffered a negative return of 1.4%. Declares dividend of 1.95 pence per share, more than doubled from 0.85p a year prior.

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Pantheon Resources PLC - London-based oil and gas company focused on Alaska - For the six months ended December 31, pretax loss widens to USD5.9 million from USD4.1 million in the same period a year prior, due to rising costs for administration and share options. During the year, the company completes the testing of Talitha A well, with flow testing achieving pre-drill objectives and confirming the presence of high quality, light oil within targeted horizons.

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Pressure Technologies PLC - Sheffield, England-based engineering firm - Due to increasing order book, it is confident in meeting market expectations for its current financial year ending October 2. Order book for Chesterfield Special Cylinders reaches its highest level in over five years, due to the rise in order intake for high-value defence contracts in the first half of the year. Order book for Precision Machined Components has encouraging in intake levels, despite challenging oil and gas market conditions.

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Aukett Swanke Group PLC - London-based architect - For the financial year that ended September 30, pretax loss widens to GBP1.5 million from GBP46,000, as revenue including sub-consultant costs drop 22% to GBP8.8 million from GBP11.3 million, with the continued effect of the pandemic causing uncertainty in decision-making and inevitable delays. Looking ahead the company is considering several structural and geographic options to stabilise its underlying financial position.

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Windward Ltd - Tel Aviv-based artificial intelligence software provider for the maritime industry - For 2021, loss widens to USD13.1 million from USD4.0 million, due to higher costs across the board, as well as one-off expenses from its stock market listing in December. Revenue grows 19% to USD17.4 million from USD14.6 million. Annual contract value jumps by 39% to USD21.2 million from USD15.3 million, amid a sharp rise in customer numbers to 80 from 45. Looking ahead, positive trading has continued in 2022, and there is increased demand for products and technology in all areas.

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Eleco PLC - London-based architecture and construction software - For 2021, pretax profit remains flat at GBP3.9 million, in spite of revenue rising 8.3% to GBP27.3 million from GBP25.2 million on higher licence sales and the introduction of subscription-based pricing to new Building Lifecycle customers. Recurring revenue increases 9% to GBP15.4 million, 56% of total revenue. Declares final dividend of 0.40 pence per share, bringing total payout to 0.6p, up from 0.4p in 2020.

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Agriterra Ltd - Guernsey-based agricultural sector investor - For the financial year ending March 31, in the Grain division, sales have fallen below management expectations. This is due to an excessive volume of maize being imported from Malawi and Zambia, leading to supply being far greater than demand and causing a fall in prices. Beef suffered a reduction in demand between March and April 2021; however sales and value of meat rose in the second half of the year.

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Gattaca PLC - Hampshire, England-based engineering and technology recruitment firm - For the six months ended January 31, pretax loss widens to GBP2.5 million from GBP300,000 a year before, on higher administrative costs through the company's investment in staff headcount and reward. Revenue declines 1.3% to GBP202.2 million from GBP204.8 million. Declares no dividend, in line with year prior, as the board continues to target sustainable levels of profitability.

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Sportech PLC - London-based betting technology company - For 2021, pretax loss narrows sharply to GBP246,000 from GBP11.9 million on reduced costs and a 32% increase in revenue to GBP22.9 million from GBP17.3 million, the year before being hurt considerably by strict Covid-19 restrictions. Looking ahead, expects the pandemic to peter out, and the company will remain focused on exploring new opportunities in the US state of Connecticut.

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Mobile Tornado Group PLC - Harrogate, England-based communications company - For 2021, pretax loss narrows to GBP861,000 from GBP1.4 million in 2020, on a 4.0% increase in revenue to GBP2.6 million from GBP2.5 million, in spite of the pandemic greatly constraining business activities. Looking ahead, notes promising business activity over the first quarter of 2022.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
14 Mar 2024 16:46

Pressure Technologies positive as subsidiary secures "major" contracts

(Alliance News) - Pressure Technologies PLC on Thursday announced that its wholly owned subsidiary, Chesterfield Special Cylinders Ltd, has been awarded two "major" contracts in the defence and green energy sectors.

Read more
14 Mar 2024 15:07

UK shareholder meetings calendar - next 7 days

Friday 15 March 
BlackRock Energy & Resources Income Trust PLCAGM
Chrysalis Investments LtdAGM
Quantum Exponential Group PLCGM re delisting from AQSE
TruSpine Technologies PLCAGM (adjourned 2022)
Monday 18 March 
MGC Pharmaceuticals LtdGM re change of company name to Argent Biopharma
Schroder European Real Estate Investment Trust PLCAGM
Tuesday 19 March 
BlackRock Throgmorton Trust PLCAGM
Crest Nicholson Holdings PLCAGM
Eco Animal Health Group PLCGM re share buybacks
Gresham House Renewable Energy VCT 1 PLCAGM
Gresham House Renewable Energy VCT 2 PLCAGM
Nuformix PLCAGM
Scirocco Energy PLCGM re requisitioned resolution to implement cash strategy
Various Eateries PLCAGM
Wednesday 20 March 
abrdn Property Income Trust LtdGM re merger with Custodian Property Income REIT PLC
BSF Enterprise PLCAGM
CEPS PLCGM re capital reduction
MTI Wireless Edge LtdAGM & EGM re appointing Hani Lerman as external director
United Oil & Gas PLCGM re fundraise and share sub-division
Thursday 21 March 
Athelney Trust PLCAGM
LungLife AI IncSpecial meeting re placing and subscription
Pressure Technologies PLCAGM
  
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.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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14 Mar 2024 10:45

Pressure Technologies secures two 'major' contract wins

(Sharecast News) - Engineering group Pressure Technologies said on Thursday that it has been awarded two major contracts, in the defence and green energy sectors.

Read more
11 Mar 2024 13:09

IN BRIEF: Xeros Technology promotes Alex Tristram to finance director

Xeros Technology Group PLC - Rotherham, England-based laundry technology developer - Promotes Alex Tristram to finance director. Tristram joined Xeros as group financial accounting manager in January 2018, was appointed as director of Finance in March 2023. Prior to joining Xeros, he was group accountant and finance director of the Alternative Energy division at Pressure Technologies PLC. Pressure Technologies is a Sheffield, England-based engineering firm.

Read more
30 Jan 2024 12:04

EARNINGS: Accrol swings to interim profit; Pressure Tech revenue up

(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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16 Nov 2023 19:55

TRADING UPDATES: AMTE Power in subscription deal, launches placing

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

Read more
24 Oct 2023 20:21

TRADING UPDATES: System1 revenue jumps; Volex takes cyber hack charge

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

Read more
3 Oct 2023 13:53

Pressure Technologies flags slight full-year earnings miss

(Sharecast News) - Specialist engineering firm Pressure Technologies projected full-year revenue of £32m in a post-close trading update on Tuesday, making for a 28% like-for-like expansion year-on-year.

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3 Oct 2023 10:57

Pressure Technologies expects revenue growth, swing to adjusted profit

(Alliance News) - Pressure Technologies PLC on Tuesday said it expects revenue to grow and to swing to profit in the financial year that ended on September 30.

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27 Jun 2023 10:53

Pressure Tech revenue lifted by defence orders and oil & gas recovery

(Alliance News) - Pressure Technologies PLC on Tuesday said half-year revenue increased due to a strong performance across its businesses, and it is well-placed to record full-year growth.

Read more
6 Jun 2023 15:47

UK shareholder meetings calendar - next 7 days

Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
Friday 9 June 
Arecor Therapeutics PLCAGM
Devolver Digital IncAGM
Fulham Shore PLCGM and court meeting re takeover by Torridoll Holdings Corp
Hochschild Mining PLCAGM
Mirada PLCGM re cancellation and re-registration as PLC
MP Evans Group PLCAGM
S4 Capital PLCAGM
Sureserve Group PLCCourt Meeting and GM re acquisition by CAP10 
Monday 12 June 
Brighton Pier Group PLCAGM
Learning Technologies Group PLCAGM
Oxford Nanopore Technologies PLCAGM
Pembridge Resources PLCGM and Creditors' Meeting re future plans and objectives
Round Hill Music Royalty Fund LtdAGM
Staffline Group PLCAGM
VPC Specialty Lending Investments PLCGM re investment policy
Tuesday 13 June 
Animalcare Group PLCAGM
Asiamet Resources LtdAGM
Centrica PLCAGM
Dillistone Group PLCAGM
EJF Investments LtdAGM
Elixirr International PLCAGM
Flowtech Fluidpower PLCAGM
Frenkel Topping Group PLCAGM
Great Western Mining Corp PLCAGM
Newbury Racecourse PLCAGM
Plant Health Care PLCAGM
Pressure Technologies PLCGM re delay to the publication of the FY22 Annual Report and directors' remuneration
Sound Energy PLCAGM
Zinnwald Lithium PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
23 May 2023 14:26

UPDATE: Pressure Technologies resumes trading following suspension

(Alliance News) - Pressure Technologies PLC on Tuesday said that it has resumed trading on AIM following a temporary suspension.

Read more
23 May 2023 11:31

IN BRIEF: Pressure Technologies posts annual loss, supply chain upset

Pressure Technologies PLC - Sheffield, England-based engineering firm - Says annual results for 2022, delayed due to historic accounting error, are in line with company revenue and adjusted operating loss previously announced. Pretax loss narrows to GBP4.0 million from GBP5.0 million, and revenue falls to GBP24.9 million from GBP25.3 million. Says this fall in revenue was caused by unexpected customer delays, supply chain disruption and unplanned outage of key equipment, which combined delayed "significant revenue into the first half of FY23." Declares no dividend.

Read more
27 Apr 2023 14:34

TRADING UPDATES: Volex wins contract; Engage XR revenue jumps

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

Read more
27 Mar 2023 16:57

LONDON MARKET CLOSE: Banking sector fears ease; CMC Markets slumps

(Alliance News) - Stock prices in Europe ended higher on Monday, with shares bolstered by fears for the banking sector abating after a deal was struck for a US bank to mop-up assets of collapsed Silicon Valley Bank.

Read more

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