TP Group widens annual loss in "challenging" year as costs rise
(Alliance News) - TP Group PLC on Monday reported a widened pretax loss in a "challenging" 2021.
Read moreWed, 13th Jul 2016 16:03
(Alliance News) - TP Group PLC on Monday reported a widened pretax loss in a "challenging" 2021.
Read moreTP Group PLC - Wincanton, England-based consulting, software and engineering company - Completes the sale of Sapienza Consulting Holdings BV to a wholly owned subsidiary of Serco Group PLC, a FTSE 250-listed outsourcer. Half of the net proceeds, around GBP1 million, will now be used to part repay the company's GBP7 million loan facility with HSBC Bank PLC.
Read moreTP Group PLC - Wincanton, England-based consulting, software and engineering company - Provides an update on the board's current expectations for delayed results for the year ended on December 31, 2021. It anticipates a widened pretax loss for 2021 to be GBP7.4 million compared to GBP3.6 million a year ago, as it cites "one-off loan arrangement fees [which] increased the finance costs by GBP200,000 to GBP500,000 year on year". Operating loss is expected to widen to GBP6.9 million from GBP3.3 million. Gross profit is also expected to drop to GBP7.5 million from GBP8.5million year-on-year.
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TP Group PLC - Wincanton, England-based consulting, software and engineering company - Granted additional time to file annual results by AIM Regulation as it continues audit process.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Sharecast News) - TP Group announced on Friday that it has agreed to sell its Northstar autonomous navigation software to QinetiQ for cash consideration of £0.6m.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Read moreTP Group PLC - Wincanton, England-based consulting, software and engineering company - As at December 31, net debt stands at GBP1.6 million, while cash position is GBP5.4 million.
Read more(Sharecast News) - Engineering and consulting company TP Group said in an update on Friday that at the end of 2021 its net debt totalled £1.6m, with £5.4m of cash, £7m of bank debt, and the Science Group loan undrawn.
Read moreEXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip
Read moreEXECUTIVE CHANGES: TP chair resigns amid pressure from Science Group
Read moreIN BRIEF: Science Group seeks removal of TP Group chair
Read moreEXECUTIVE CHANGES: Purplebricks CFO exits; TP adds Science Group reps
Read moreEXECUTIVE CHANGES: 3i, Best of the Best and HICL appoint new chairs
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