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Pin to quick picksSeplat Energy Share News (SEPL)

Share Price Information for Seplat Energy (SEPL)

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Share Price: 157.00
Bid: 157.00
Ask: 158.50
Change: 0.00 (0.00%)
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Open: 160.00
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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.

More News
30 Apr 2024 10:35

Seplat Energy departing CFO will also retire as executive director

(Alliance News) - Seplat Energy PLC on Tuesday said Emeka Onwuka will retire as an executive director on Wednesday, after previously announcing he would retire as chief financial officer from May 21.

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29 Apr 2024 10:25

Seplat Energy quarterly profit narrows as revenue and production drop

(Alliance News) - Seplat Energy PLC on Monday said profit narrowed in the first quarter alongside falling revenue, as production fell, while it maintained its production guidance for 2024.

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18 Apr 2024 14:12

UK dividends calendar - next 7 days

Friday 19 April 
Chelverton UK Dividend Trust PLCdividend payment date
Empiric Student Property PLCdividend payment date
FW Thorpe PLCdividend payment date
Heavitree Brewery PLCdividend payment date
Heavitree Brewery PLC A dividend payment date
JPMorgan Global Emerging Markets Income Trust PLCdividend payment date
Palace Capital PLCdividend payment date
STS Global Income & Growth Trust PLCdividend payment date
Monday 22 April 
no events scheduled 
Tuesday 23 April 
Crest Nicholson Holdings PLCdividend payment date
Invesco Asia Trust PLCdividend payment date
Pantheon Infrastructure PLCdividend payment date
Pembroke VCT PLC Bdividend payment date
Pinewood Technologies Group PLCex-dividend payment date
Wednesday 24 April 
Conduit Holdings Ltddividend payment date
Thursday 25 April 
abrdn Asian Income Fund Ltdex-dividend payment date
AVI Japan Opportunity Trust PLCex-dividend payment date
Bakkavor Group PLCex-dividend payment date
Bankers Investment Trust PLCex-dividend payment date
Bodycote PLCex-dividend payment date
Cairn Homes PLCex-dividend payment date
Central Asia Metals PLCex-dividend payment date
City of London Investment Trust PLCex-dividend payment date
ConvaTec Group PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCex-dividend payment date
Derwent London PLCex-dividend payment date
Eurocell PLCex-dividend payment date
Foresight Solar Fund Ltdex-dividend payment date
Greggs PLCex-dividend payment date
Hansard Global PLCdividend payment date
Harworth Group PLCex-dividend payment date
Henderson Far East Income Ltdex-dividend payment date
HSBC Holdings PLCdividend payment date
Invesco Select Trust PLC Global Equity Income ex-dividend payment date
Invesco Select Trust PLC UK Equity ex-dividend payment date
JPMorgan Claverhouse IT PLCex-dividend payment date
Legal & General Group PLCex-dividend payment date
ME Group International PLCex-dividend payment date
Morgan Advanced Materials PLCex-dividend payment date
Morgan Sindall Group PLCex-dividend payment date
Mortgage Advice Bureau Holdings PLCex-dividend payment date
MP Evans Group PLCex-dividend payment date
Murray International Trust PLCex-dividend payment date
Portmeirion Group PLCex-dividend payment date
Public Policy Holding Cos Incex-dividend payment date
Rightmove PLCex-dividend payment date
Sabre Insurance Group PLCex-dividend payment date
Schroder Oriental Income Fund Ltdex-dividend payment date
Secure Trust Bank PLCex-dividend payment date
Seed Innovations Ltdex-dividend payment date
Seplat Energy PLCex-dividend payment date
Shaftesbury Capital PLCex-dividend payment date
Spirax-Sarco Engineering PLCex-dividend payment date
St James's Place PLCex-dividend payment date
Stelrad Group PLCex-dividend payment date
Team Internet Group PLCex-dividend payment date
Tufton Oceanic Assets Ltdex-dividend payment date
Tyman PLCex-dividend payment date
Volta Finance Ltddividend payment date
Wickes Group PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-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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29 Feb 2024 13:56

Seplat says profit down but revenue up; names Udoma as new chair

(Alliance News) - Seplat Energy PLC shares perked up on Thursday afternoon, as it reported increased production and upped its dividend despite a challenging year.

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29 Feb 2024 07:45

LONDON BRIEFING: Stocks called up following slew of FTSE 100 earnings

(Alliance News) - Stocks in London are called to open slightly higher on Thursday, after a slew of earnings from a range of FTSE 100 companies.

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3 Jan 2024 10:48

Seplat Energy finishes ANOH mechanical works; expects 2024 first gas

(Alliance News) - Seplat Energy PLC on Tuesday said it had completed mechanical works at its ANOH gas plant on Friday.

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30 Oct 2023 10:38

Seplat increases revenue despite fall in average oil price

(Alliance News) - Seplat Energy PLC on Monday said pretax profit declined in its latest nine-month period, although revenue and production both increased.

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15 Aug 2023 20:19

Seplat Energy says rig incident kills one and leaves three missing

(Alliance News) - Seplat Energy PLC on Tuesday said a drilling rig capsized in the early hours of the morning, killing one crew member and leaving three missing.

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10 Aug 2023 18:17

IN BRIEF: Seplat says orders against Orjiako do not impact operations

Seplat Energy PLC - Lagos-based oil and gas firm - Says that on August 8, it was served ex parte interim court orders, which were granted by the Federal High Court sitting in Lagos, Nigeria. These orders were part of a bankruptcy court action instituted by Access Bank PLC against Dr Orjiako, for the recovery of an outstanding loan amount that forms the judgment delivered by the High Court of the United Kingdom and registered in Nigeria as a judgment of the Federal High Court.

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28 Jul 2023 10:57

Seplat halves interim profit on higher costs; oil prices slow revenue

(Alliance News) - Seplat Energy PLC on Friday said profit plunged in the first half year as costs increased, but that it will maintain its current full-year guidance.

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13 Jun 2023 13:36

IN BRIEF: Seplat CEO's Nigerian immigration documents restored

Seplat Energy PLC - Lagos-based oil and gas firm with assets in Nigeria - Says the Nigerian Ministry of Interior & Immigration Service has restored Chief Executive Officer Roger Brown's working permit and key visas. Brown's immigration documents had been withdrawn by the ministry in March following allegations of "racism, discrimination and improper immigration status" by some Seplat workers and stakeholders. Says it has "cooperated fully" with the verification checks conducted by the immigration authorities. A lawsuit was filed on April 13 at the Federal High Court in Abuja against the company in relation to Brown's immigration status, but was withdrawn on April 20.

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24 May 2023 10:41

IN BRIEF: Seplat Energy extends Mobil Producing Nigeria purchase deal

Seplat Energy PLC - Lagos-based oil and gas firm with assets in Nigeria - Extends agreement to acquire Mobil Producing Nigeria Inc amid pending the resolution of legal proceedings and receipt of regulatory approvals, but "remains committed" to completing the acquisition. Says agreement has been revised so that in the event the transaction closes, Exxon Mobil Corp will share in a portion of the value of Mobil Producing Nigeria during the period of delay. The exact amount of this value will depend on "a number of factors", including the amount of oil produced and oil prices.

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11 May 2023 19:42

IN BRIEF: Seplat Energy to defend action against company officials

Seplat Energy PLC - oil and gas firm with assets in Nigeria - Notes reports that the Federal High Court sitting in Abuja has granted interim orders against the company and some of its officers. Points out the interim orders - which are yet to be served - primarily restrain the chair, named independent non-executive directors, chief operating officer and company secretary from operating or functioning as officers of Seplat Energy in any capacity.

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3 May 2023 14:51

UK shareholder meetings calendar - next 7 days

Thursday 4 May 
AIB Group PLCAGM
Aviva PLCAGM
Aviva PLCGM re capital reduction
BAE Systems PLCAGM
Bivictrix Therapeutics PLCAGM
Domino's Pizza Group PLCAGM
Glanbia PLCAGM
Grafton Group PLCAGM
Hammerson PLCAGM
Howden Joinery Group PLCAGM
Hurricane Energy PLCCourt Meeting & GM re takeover by Prax Exploration & Production PLC  
Indivior PLCAGM
IMI PLCAGM
Irish Residential Properties REIT PLCAGM
ITV PLCAGM
Jardine Matheson Holdings LtdAGM
Johnson Service Group PLCAGM
LungLife AI IncAGM
Mincon Group PLCAGM
Mondi PLCAGM
Moneysupermarket.com Group PLCAGM
Morgan Sindall Group PLCAGM
Spirent Communications PLCAGM
Personal Group Holdings PLCAGM
Phoenix Group Holdings PLCAGM
Rathbones Group PLCAGM
SIG PLCAGM
Ten Entertainment Group PLCAGM
Travis Perkins PLCAGM
Witan Investment Trust PLCAGM
Friday 5 May 
abrdn Smaller Companies Income Trust PLCAGM
Holders Technology PLCAGM
HSBC Holdings PLCAGM
InterContinental Hotels Group PLCAGM
James Fisher & Sons PLCAGM
Man Group PLCAGM
Rightmove PLCAGM
UK Oil & Gas PLCAGM
Monday 8 May 
no events scheduled 
Tuesday 9 May 
Caledonia Mining Corp PLCAGM
Direct Line Insurance Group PLCAGM
Foxtons Group PLCAGM
Hostelworld Group PLCAGM
IWG PLCAGM
Just Group PLCAGM
Midwich Group PLCAGM
Osirium Technologies PLCAGM
Windward LtdAGM
Wednesday 10 May 
abrdn PLCAGM
Antofagasta PLCAGM
Cenkos Securities PLCAGM
Ecora Resources PLCAGM
H&T Group PLCAGM
Harbour Energy PLCAGM
Jupiter Fund Management PLCAGM
Literacy Capital PLCAGM
Luceco PLCAGM
Marshalls PLCAGM
National Express Group PLCAGM
Renewables Infrastructure Group LtdAGM
Rentokil Initial PLCAGM
Seplat Energy PLCAGM
Spirax-Sarco Engineering PLCAGM
TClarke PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
28 Apr 2023 20:59

TRADING UPDATES: Ashoka WhiteOak holds IPO; Fox Marble agrees takeover

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

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