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Pin to quick picksTime Out Share News (TMO)

Share Price Information for Time Out (TMO)

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Share Price: 51.50
Bid: 50.00
Ask: 53.00
Change: -1.00 (-1.90%)
Spread: 3.00 (6.00%)
Open: 52.50
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Low: 51.50
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EARNINGS: dotdigital eyes rosy future; Beeks Financial turns to profit

Tue, 05th Mar 2024 20:43

(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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Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - Swings to pretax profit of GBP158,000 in the six months to December 31, from a loss of GBP762,000 a year prior. Revenue climbs 25% to GBP13.0 million from GBP10.4 million. Cost of sales increase 31% to GBP8.2 million from GBP6.2 million, while admin expenses decrease 4.2% to GBP4.7 million from GBP4.9 million. Looking ahead, Chief Executive Officer Gordon McArthur says the company is confident as it was underlining "the size of the opportunity we are addressing. Financial markets are still only at the start of the journey to the cloud. With our proven offering and growing tier 1 customer base, which includes some of the largest financial organisations in the world, as well as our increasing profit margins and cash generation, we have never been better placed to seize the opportunity. Our focus for the second half remains the conversion of our significant pipeline."

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dotdigital Group PLC - London-based online marketing company - Pretax profit edges down negligibly to GBP7.38 million in the six months to December 31, from GBP7.42 million a year prior. Revenue however grows 15% to GBP38.7 million from GBP33.8 million. Cost of sales increase 14% to GBP8.0 million from GBP7.1 million. Administrative expenses increase 16% to GBP22.4 million from GBP19.2 million. Looking ahead, the company says it enters the second financial half "with good trading momentum and the ability to attract higher value deals, underpinned by continuous product enhancements to drive cross- and up-sells from the existing base." It adds: "We remain confident in the group's ability to continue to execute against its stated strategy and meet market expectations."

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MaxCyte Inc - Maryland, US-based provider of cell engineering platform technologies developing "next-generation cell therapeutics" - Confirms 2023 results it had announced in January. Further, expects core revenue growth of between none and 5% in 2024 compared to 2023. Expects strategic platform license programme-related revenue of around USD3 million for the year, down sharply from USD11.4 million in 2023. CEO Maher Masoud says: "As we continue to expand our SPL portfolio this year, we remain confident in our ability to support our current and prospective clients as new waves of next-generation cell therapies come to market."

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Origin Enterprises PLC - Dublin-based agronomy services firm - Pretax profit dives 96% to EUR5.3 million in the six months to January 31, from EUR13.3 million a year prior. Revenue drops 28% to EUR854.9 million from EUR1.18 billion. Notes an expected correction in global feed and fertiliser raw materials regarding decline in revenue. Despite the results, maintains interim dividend at 3.15 euro cents per share. Looking ahead, says on-farm sentiment remains cautious as growers shift towards spring planting and seek to optimise yields from a reduced autumn/winter planted area. Further, expects financial 2024 earnings per share between 44 and 49 euro cents, reflecting adverse weather. This compares to EPS of 45.24c Origin Enterprises had reported for financial 2023.

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Thor Energy PLC - US and Australia-focused mineral exploration company - Pretax loss widens to GBP2.3 million in the six months to December 31, from GBP8,000 a year prior. Posts no revenue. Notes costs regarding a write off of exploration assets of around GBP1.9 million in the most recent half-year, compared to no such cost a year prior. Managing Director Nicole Warland says: "After ending the year with consistent high-grade uranium results from our 2023 drilling program, we are optimistic about our 2024 drilling programs as we continue to strategically position our portfolio towards advancing our 'green energy' projects in the US." She adds: "With a strong pipeline of news flow expected for the coming months and project milestones across the portfolio, we anticipate 2024 to provide significant progress in our key assets and we will provide further updates in due course."

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Time Out Group PLC - Global media and hospitality business - Pretax loss narrows 63% to GBP4.6 million in the six months to December 31, from GBP12.5 million a year prior. Revenue falls 2.4% to GBP52.5 million from GBP53.8 million. However, like-for-like revenue in constant currency climbs 6.9% to GBP54.9 million from GBP51.4 million. Time Out says it has made "significant" further progress in driving profitability and operational cash generation. It says it has several potential growth avenues, citing collaboration with leading landlords and developers.

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By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Time Out Opens Food Market In Boston, Set For 6 Markets Total In 2019

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12 Jun 2019 18:06

DIRECTOR DEALINGS: Time Out Chair Peter Dubens Buys Shares

(Alliance News) - Media and entertainment company Time Out Group PLC said Wednesday that Non-Executive Chair Peter Dubens bought 100,000 shares in the company at GBP1.07 per share.Dubens on

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11 Jun 2019 14:31

DIRECTOR DEALINGS: Time Out Chair Peter Dubens Buys Shares

(Alliance News) - Time Out Group PLC said Tuesday Chair Peter Dubens bought shares worth GBP190,000 in the publishing and dining halls firm in a transaction on Monday.Dubens - chair since -

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10 Jun 2019 13:33

Woodford Raises GBP500 Million From Flurry Of London Share Sales (ALLISS)

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3 Jun 2019 16:11

UK Shareholder Meetings Calendar - Next 7 Days

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31 May 2019 15:56

Time Out cuts ribbon on market in New York City

(Sharecast News) - Media and entertainment company Time Out Group announced on Friday that Time Out Market New York was opening to the public later in the day, bringing "the best of the city under one roof", based on the editorial curation Time Out said it was known for.

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9 May 2019 14:58

Time Out opens newest market at Miami's South Beach

(Sharecast News) - Media and entertainment company Time Out Group announced on Thursday that Time Out Market Miami was opening to the public, with a culinary lineup featuring some of the city's best chefs.

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3 Apr 2019 15:12

DIRECTOR DEALINGS: Time Out Unit Chief Buys GBP19,000 Worth Of Shares

LONDON (Alliance News) - Media and entertainment company Time Out Group PLC on Wednesday said the chief executive of its Time Out Market unit bought 20,000 shares at a price of 96.5 pence each on

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3 Apr 2019 14:18

Time Out signs deal to launch market in Dubai

(Sharecast News) - Publisher and entertainment business Time Out Group has entered into a management agreement with Emaar Malls - the shopping centre and retail business majority-owned by Emaar Properties - to open a new Time Out Market in one of Dubai's most visited attractions.

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3 Apr 2019 08:43

Time Out Inks Deal With Emaar Malls For New Market In Dubai

LONDON (Alliance News) - Time Out Group PLC on Wednesday said it signed a management agreement with shopping centre owner Emaar Malls to open a new Time Out Market in Dubai.This is the of -

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28 Mar 2019 12:36

Thursday broker round-up

(Sharecast News) - British American Tobacco: Citigroup upgrades to buy with a target price of 3,600p.

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