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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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Eurocell PLC - Alfreton, England-based UPVC products provider - Remains on track to deliver pretax profit for 2021 in line with market expectations, which is GBP26.5 million, compared to a GBP1.5 million loss the year before. This is also up from 2019's pretax profit figure of GBP23.1 million. For the ten months ended October 31, group sales increase 38% compared to 2020 and 21% from 2019, driven by a strong performance from Vista doors, and New Build in the Profiles segment. Meanwhile, Building Plastics benefited from solid results across its full range of products and traded goods.
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Marlowe PLC - London-based safety and regulatory compliance services and software - Reports strong trading for the six months ended September 30, with adjusted pretax profit more than doubling to GBP15.2 million, and revenue growing 61% year-on-year to GBP134.5 million. Looking ahead, second half of the financial year has started well on strong demand, and the company expects the current financial year to be ahead of market expectations. In addition, Marlowe expects to over achieve against its 2024 financial year target run rate annualised revenue of GBP500 million and earnings before interest, tax, depreciation and amortisation of GBP100 million.
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AB Dynamics PLC - Bradford On Avon, Wiltshire-based testing systems and measurement products for automotive market - For the year ended August 31, pretax profit declines 12% to GBP3.8 million from GBP4.3 million, driven by a rise in general and administrative costs. This more than offset revenue growth of 6.3% year-on-year to GBP65.4 million from GBP61.5 million the year before,in line with expectations. Declares total dividend of 4.8 pence per share, up 10% from 4.4p the prior year.
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Cordiant Digital Infrastructure Ltd - investment firm focused on digital infrastructure assets - For maiden period from January 4 to September 30, pretax profit is GBP14.2 million, on an GBP18.9 million gain on the fair value of investments. As at the end of September, net asset value per ordinary share is 101.6 pence, while NAV per C share is 98.1p. "We operate in a high-growth and critical sector, as demonstrated by the vital role digital communication has played during the Covid-19 pandemic. We do not expect usage patterns to change significantly as global economies begin to recover and we believe growth rates are likely to remain above those of the economy in general for some time to come," the company states.
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Baillie Gifford European Growth Trust PLC - aims for capital growth over long term from European securities - Net asset value per share at September 30 up 23% year-on-year to 154.0 pence from 125.0p, through a strong share price performance from medtech distributor Addlife, chemicals distributor IMCD and pump manufacturer Nibe. For the 12-month period, NAV total return was 24%, compared to a 23% return from the FTSE Europe ex UK index in sterling terms.
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Ten Lifestyle Group PLC - lifestyle and travel service platform - For the year ended August 31, pretax loss narrows to GBP5.5 million from GBP5.9 million the year before, however adjusted Ebitda drops 8.3% to GBP4.4 million from GBP4.8 million. This is on revenue which declines 22% year-on-year to GBP34.7 million from GBP44.2 million due to Covid-19 affecting member activity and travel. Looking ahead, expects recovery in travel to foster future growth in Supplier revenue.
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Marble Point Loan Financing Ltd - investment firm - As at September 30, net asset value per share rises to 78 US cents from 71 cents the same date a year prior, as investments at fair value increased to USD188.9 million from USD140.7 million.
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Odyssean Investment Trust PLC - investment trust - For the six months ended September 30, net asset value total is 13.5%, compared to a 9.1% return from the Numis Smaller Cos ex-Investment Trusts plus AIM Index. As at September 30, net asset value per share increases 48% to 158.1 pence from 106.6p a year prior.
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By Dayo Laniyan; dayolaniyan@alliancenews.com
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