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Pin to quick picksRestore Share News (RST)

Share Price Information for Restore (RST)

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Share Price: 263.00
Bid: 261.00
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Change: -3.00 (-1.13%)
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Open: 262.00
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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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Restore trading continues 'progressive' recovery

(Sharecast News) - Information and data management company Restore said on Wednesday that trading for the four months to 30 April was in line with the board's expectations, with activity levels continuing to "progressively" recover.

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30 Apr 2021 17:35

IN BRIEF: Restore raises GBP40 million for debt reduction

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TRADING UPDATES: Henry Boot gets planning boost; Beximco sales jump

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Restore to acquire Rainbow HoldCo for £61.0m

(Sharecast News) - Information and data management services firm Restore has entered into an agreement to acquire Rainbow HoldCo for a cash consideration of £61.0m on a cash-free debt-free basis.

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20 Apr 2021 14:10

IN BRIEF: Restore acquires records management business 1 Big Data

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20 Apr 2021 10:02

Restore acquires Essex-based 1 Big Data

(Sharecast News) - Information and data management company Restore has acquired records management provider Big Data Management, it announced on Tuesday, which trades as '1 Big Data' and is based in Tilbury, Essex.

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18 Mar 2021 13:15

TRADING UPDATES: Gym Group turns to loss; eve Sleep starts 2021 well

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18 Mar 2021 11:15

Restore confident in outlook after second half recovery

(Sharecast News) - Information and document management company Restore reported a 15% fall in revenue from continuing operations in its full-year results on Thursday, to £182.7m, which it said reflected the impact of the Covid-19 pandemic, primarily in the second quarter.

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11 Mar 2021 16:13

UK earnings, trading statements calendar - next 7 days

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8 Mar 2021 12:04

IN BRIEF: Restore buys Apple products recycling business Bookyard

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8 Mar 2021 09:02

Restore acquires Liverpool-based Apple recycling and spare parts business

(Sharecast News) - Support services firm Restore said on Monday that it had acquired the Bookyard, a leading Apple recycling and spare parts business based in Liverpool, for an undisclosed sum.

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EXECUTIVE CHANGES: Marlowe Poaches From Fullers; RM Promotes To CEO

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