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TRADING UPDATES: Treatt hikes dividend as earnings jump in year

Tue, 11th May 2021 14:12

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

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Treatt PLC - manufacturer and supplier of natural extracts and ingredients for beverage, flavour and fragrance industries - Reports pretax profit before exceptional items up 71% year-on-year in the twelve months to the end of March to GBP10.4 million. Revenue, meanwhile, jumped by 14% to GBP60.8 million. Treatt declares a 2.0 pence a share payout for the year, up 8.7% on the prior year. The company says an improved performance was driven by an increase in margins from growth in higher value-added categories and improved citrus product mix. Treatt says it expects that ongoing investment in its capacity and innovation capability will fuel long-term growth.

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Polar Capital Global Health Trust PLC - investment firm - Reports net asset value per share improvement by 3.2% since the end of September 2020 to 276.63p as of March 31. NAV per ZDP share rose by 1.5% over the same period to 111.83p. The company's share price at the end of March stood at 242.00p, representing a 13% discount to NAV. In the same period the company's benchmark index, the MSCI AC World Daily Total Return Net Health Care Index in sterling with dividends reinvested, rose by 1.0%. This means that Polar Capital Global Health outperformed the benchmark as its NAV total return was 3.6%. The trust says dividends for the current financial year ending September 30, if declared, will be paid in August 2021 and February 2022.

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Summerway Capital PLC - company which invests in household and consumer goods sectors - Reports a loss after tax of GBP217,600 compared to GBP86,700 posted the year prior, reflecting operating expenses of GBP106,500, up form GBP97,900 the year ago. In addition, the company incurs one-off costs relating to the placing of shares and change in investment strategy of GBP92,200 versus none in financial 2020. Finance income, meanwhile, declined to GBP1,500 from GBP11,200 the year before. As at February 28, Summerway held GBP7 million cash, up form GBP5.5 million as at the end of August 2020.

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Conygar Investment Co PLC - property investment and development group - Reports NAV of GBP86.7 million, or 164.0p per share as at the end of March, down from GBP95.3 million the year prior. During the six months to the end of March, the company buys 740,000 shares, representing 1.4% of its share capital, at a cost of GBP810,000, which equates to an average price of 109.0p per share. The primary cash outflows in the half-year were GBP8.4 million incurred on development projects and investment properties, including GBP7.1 million to progress the development at Nottingham. These were partly offset by cash inflows of GBP1.0 million from the sale of King's Lynn and Fishguard lorry stop resulting in a net cash outflow during the period of GBP8.2 million.

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STM Group PLC - financial services firm - Reports pretax profit before exceptional bargain purchase gain of GBP2.0 million for 2020, down from GBP3.9 million posted in 2019. The decrease in profit is largely as a result of the higher professional indemnity insurance premiums, an increase which was seen across the market, which were introduced in September 2019 resulting in 2020 being a full year with these higher costs. Profit before other items climbed to GBP3.6 million from GBP3.5 million the year ago. Revenue rose to GBP24.0 million from GBP23.2 million year-on-year. STM Group increases final payout to 0.85p from 0.75p paid the year before. Total dividend stands at 1.40p versus 1.50p the year prior.

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Lexington Gold Ltd - gold exploration and development company - Reports net loss for 2020 from continuing operations was USD700,000 against the prior year loss of USD500,000. Total assets, meanwhile, jumped to USD5.5 million from USD400,000 recorded for 2019. The company does not currently generate any revenue as it is at the exploration stage after an acquisition of Global Asset Resources Ltd which, via its wholly owned US subsidiary, holds a 51% interest in and operatorship of four gold exploration projects in North and South Carolina in the US.

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AltynGold PLC - mining company - Says revenue jumped to USD10.1 million in the three months to the end of March from USD4.6 million reported a year ago, mainly driven by improved gold poured production and also by higher gold price. Production went up by almost 43% year-over-year to 131,733 ore mined, and the quantity of contained gold increase more than by 70% to 7,462 ounces. The positive momentum in production growth and improving contained gold is expected to be increased over the coming quarters, the company notes. AlynGold says it did not experience any negative effect from Covid-19 or interruptions on its production operations during the quarter.

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Vector Capital PLC - commercial lending group - Says GBP3.1 million gross proceeds from IPO, received in December 2020, have largely been deployed into new lending and will provide the base for drawing down further on debt facilities. The company says current trading in 2021 has been in line with expectations and its pipeline of new loan opportunities remains strong. Vector is now concentrating on loan book growth by enhancing its engagements with its broker network.

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Kromek Group PLC - supplier of detection technology - Achieves significant sequential revenue growth in the second half over the first half of its financial year to April 30, and expects to report revenue and earnings before interest, tax, depreciation and amortization in line with market expectations. The company says it continues to maintain tight cost control, improve collections and manage cash flow. Kromek says it is well-placed to capitalise on the opportunities across its business and continues to look to the future with increased confidence.

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By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
8 Aug 2023 10:42

STM shares up as extends deadline for intention announcement by PSF

(Alliance News) - STM Group PLC on Tuesday extended the deadline for an announcement of a potential intention of a takeover offer by PSF Capital GP II Ltd, as general partner of PSF Capital Reserve LP.

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11 Jul 2023 17:09

LONDON MARKET CLOSE: Pay data lifts pound; China cheer boosts stocks

(Alliance News) - Stock prices in London closed largely higher on Tuesday, despite the FTSE 100 spending most of the day in the red, weighed down by a UK jobs data-boosted pound.

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11 Jul 2023 12:03

LONDON MARKET MIDDAY: Sterling climbs as UK wage growth speeds up

(Alliance News) - Stock prices in London were mixed at midday on Tuesday, while the pound was stronger, lifted by hotter-than-expected UK pay growth.

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11 Jul 2023 10:29

AIM WINNERS & LOSERS: STM surges on potential takeover offer

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

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11 Jul 2023 09:23

STM agrees in principle to potential 70p-a-share takeover

(Sharecast News) - STM Group said on Tuesday that it had agreed in principle with Pension SuperFund Capital on the key terms of a possible 70p-a-share cash offer, sending shares in the AIM-listed financial services provider surging.

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11 Jul 2023 08:56

LONDON MARKET OPEN: FTSE 100 lower as pound strengthens; miners rise

(Alliance News) - Stock prices in London opened mixed on Tuesday, as investors digested conflicting UK unemployment data.

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11 Jul 2023 07:57

STM Group agrees to possible GBP40 million cash takeover offer

(Alliance News) - STM Group PLC on Tuesday said it has agreed in principal to a potential cash takeover offer worth nearly triple its current share price.

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11 Jul 2023 07:46

LONDON BRIEFING: Sterling above USD1.29 as wage inflation heats up

(Alliance News) - Stocks in London were called flat on Tuesday, as investors weighed shock UK labour market data.

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27 Jun 2023 13:19

STM Group shares fall amid lower dividend despite higher profit

(Alliance News) - STM Group PLC on Tuesday reported a higher annual profit and revenue but opted to lower its dividend, citing exceptional costs in the first half of 2023.

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30 May 2023 16:43

IN BRIEF: STM Group reports lower new business in mixed trading update

STM Group PLC - London-based cross border financial services provider - Announces a new interest sharing policy with some of its pension members. Says STM has been negotiating with its banking partners to obtain the best rates and when this policy comes into force on July 1, it is expected to contribute at least GBP1 million annualised profit before tax going forward. Further, states income generated from client assets is expected to be higher in the current year than in the year prior as a result of the increasing interest rates. Explains both these uplifts will compensate for lower than expected new business and some significant non-recurring costs incurred such as the third party costs in relation to the strategic review. Adds recurring administration revenue from existing customers remains in line with management expectations.

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5 May 2023 21:52

TRADING UPDATES: Mosman seeks separate London listing for some assets

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

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18 Jan 2023 14:54

TRADING UPDATES: Triad hails recovery; Alpha Group profit tops outlook

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

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3 Oct 2022 14:29

IN BRIEF: STM welcomes Therese Neish back as interim CFO

STM Group PLC - London-based cross border financial services provider - Names Therese Neish as its interim chief financial officer for a contractual period of 12 months, effective immediately. Says current CFO Nicole Coll will step down from the board and leave the firm at the end of this month to "focus on her non-executive career".

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14 Sep 2022 14:11

IN BRIEF: STM Group interim profit falls as loses out on gains

STM Group PLC - London-based cross border financial services provider - Pretax profit in the six months to June 30 falls due to lack of gains compared to a year ago. Pretax profit dips to GBP480,000 from GBP947,000 a year ago. Revenue edges lower at GBP11.3 million versus GBP11.4 million.

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7 Sep 2022 15:53

UK earnings, trading statements calendar - next 7 days

Thursday 8 September 
Arecor Therapeutics PLCHalf Year Results
Cairn Homes PLCHalf Year Results
Chaarat Gold Holdings LtdHalf Year Results
Curtis Banks Group PLCHalf Year Results
Darktrace PLCFull Year Results
Destiny Pharma Holdings PLCHalf Year Results
Duke Royalty LtdFull Year Results
Emis Group PLCHalf Year Results
Energean PLCHalf Year Results
Funding Circle Holdings PLCHalf Year Results
Genus PLCFull Year Results
International Public Partnerships LtdHalf Year Results
Melrose Industries PLCHalf Year Results
Mpac Group PLCHalf Year Results
M Winkworth PLCHalf Year Results
Oakley Capital Investments LtdHalf Year Results
Open Orphan PLCHalf Year Results
Restaurant Group PLCHalf Year Results
Safestore Holdings PLCQ3 Results
Severfield PLCFull Year Results
Shield Therapeutics PLCHalf Year Results
SourceBio International PLCHalf Year Results
Spire Healthcare Group PLCHalf Year Results
Sylvania Platinum LtdFull Year Results
Vistry Group PLCHalf Year Results
Friday 9 September 
Computacenter PLCHalf Year Results
Creo Medical Group PLCHalf Year Results
Mid Wynd International Investment Trust PLCFull Year Results
Monday 12 September 
ABCAM PLCHalf Year Results
Arcontech Group PLCFull Year Results
Associated British Foods PLCFull Year Results
Greencoat Renewables PLCHalf Year Results
HgCapital Trust PLCHalf Year Results
Kape Technologies PLCHalf Year Results
Made Tech Group PLCFull Year Results
MP Evans Group PLCHalf Year Results
SigmaRoc PLCHalf Year Results
Tirupati Graphite PLCFull Year Results
Tuesday 13 September 
accesso Technology Group PLCHalf Year Results
Churchill China PLCHalf Year Results
Corero Network Security PLCHalf Year Results
Engage XR Holdings PLCHalf Year Results
Facilities by ADF PLCHalf Year Results
Fevertree Drinks PLCHalf Year Results
Futura Medical PLCHalf Year Results
Gateley Holdings PLCFull Year Results
Harworth Group PLCHalf Year Results
HeiQ PLCHalf Year Results
JTC PLCHalf Year Results
Mattioli Woods PLCFull Year Results
Ocado Group PLCTrading Statement
Oxford Nanopore Technologies PLCHalf Year Results
Petra Diamonds LtdFull Year Results
Property Franchise Group PLCHalf Year Results
RBG Holdings PLCHalf Year Results
Smart Metering Systems PLCHalf Year Results
Team17 Group PLCHalf Year Results
Trustpilot Group PLCHalf Year Results
VH Global Sustainable Energy Opportunities PLCHalf Year Results
Wednesday 14 September 
Anpario PLCHalf Year Results
Advanced Medical Solutions Group PLCHalf Year Results
BioPharma Credit PLCHalf Year Results
Blackbird PLCHalf Year Results
Central Asia Metals PLCHalf Year Results
Diurnal Group PLCHalf Year Results
Dunelm Group PLCFull Year Results
Epwin Group PLCHalf Year Results
Glenveagh Properties PLCHalf Year Results
ITM Power PLCFull Year Results
Niox Group PLCHalf Year Results
Pan African Resources PLCFull Year Results
Pharos Energy PLCHalf Year Results
Redrow PLCFull Year Results
Ricardo PLCFull Year Results
STM Group PLCHalf Year Results
Artisanal Spirits Co PLCHalf Year Results
Tullow Oil PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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