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TRADING UPDATES: Victoria's revenue record; TClarke hails order book

Tue, 20th Jul 2021 18:45

(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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Victoria PLC - Worcestershire-headquartered flooring firm - Posts revenue of GBP662.3 million in year ended April 3, up 6.6% from GBP621.5 million a new record for company. Pretax loss narrows to GBP7.5 million from GBP65.6 million as exceptional costs down 98% to GBP7.1 million from GBP57.8 million. "The main reason for the significant year-on-year decrease was a GBP50 million goodwill impairment recognised in the prior year following the start of the Covid pandemic," Victoria says. Pays no dividend, like in prior year. Victoria says: "It remains the board's view (as it has been for the last eight years) that it can continue to deploy capital to optimise the creation of wealth for shareholders, and therefore it has again resolved not to pay a final dividend for FY2021."

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TClarke PLC - London-based building services company - Revenue in six months to June 30 rises 30% to GBP138.2 million from GBP106.1 million a year prior. Swings to GBP1.9 million pretax profit from GBP1.5 million loss. Holds interim payout at 0.75 pence per share. Ends half with forward order book of GBP503 million, a company record, and up by a quarter year-on-year. TClarke adds: "The business has reached a significant strategic milestone with our forward order book in excess of GBP500 million for the first time as we deliver our growth strategy. The investment that we have made in our people to support the tendering process and project delivery has started to be reflected both in the record order book and also in preparation for the London business to deliver very significant growth in volumes in the second half of 2021."

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Rotala PLC - bus operations at London's Heathrow airport, in West Midlands and North West - Revenue in six months ended May 31 rises by a third to GBP47.3 million from GBP35.5 million in prior year. Pretax loss narrows to GBP123,000 from GBP795,000. Excluding GBP1.2 million in exceptional items, Rotala would have posted GBP1.1 million pretax profit. Says passenger loadings now at about 65% of pre-virus levels.

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SDI Group PLC - Cambridge-based medical technology firm - Says revenue in year ended April 30 up 43% to GBP35.1 million from GBP24.5 million. Organic growth alone was 19%. Pretax profit up 73% to GBP5.6 million from GBP3.3 million. Chair Ken Ford says: "The outlook, thanks to our agile business model, is positive and we are planning for further organic growth, including from one-off COVID-19 related orders, and appropriate acquisitions during 2021-22. Trading in our 2021-22 financial year remains in line with market expectations and we look to the future with confidence."

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Audioboom Group PLC - London-based podcasts producer - Says revenue in first half of 2021 rises to record USD22.8 million, up 93% annually, from USD11.8 million. "Year-on-year growth outpaced the predicted wider annual industry average growth by 55%," Audioboom says. Pretax loss narrows to USD458,000 from USD2.0 million. Audioboom adds: "The business is well positioned for further accelerated growth in the second half of 2021. New major content partnerships, Audioboom Originals, and recently launched ad tech innovations will provide significantly higher inventory levels for us to monetise through our proven sales channels."

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OTAQ PLC - Lancaster-based marine aquaculture technology company - Revenue in year ended March 31 rises 19% to GBP4.1 million from GBP3.4 million. Pretax loss narrows to GBP726,000 from GBP2.8 million. "Despite the general market backdrop and challenges, this was still an extremely productive period for the group with positive movement across all of our key financial metrics. Importantly, we continued to position ourselves for future growth, having invested in broadening our product suite and reach," Chair Alex Hambro says.

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Sosandar PLC - Cheshire, England-based online women's fashion brand - Revenue in year ended March 31 up 35% to GBP12.2 million from GBP9.0 million. Pretax loss narrows to GBP3.1 million from GBP7.8 million. Co-Chief Executives Ali Hall and Julie Lavington say: "We are delighted to report a year of very strong growth and performance alongside considerable operational progress." Says first quarter of new year saw record revenue of GBP5.7 million, up more than three-fold annually.

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Herald Investment Trust PLC - invests for capital gains from smaller technology, communications and multi-media stocks - Net asset value per share at June 30, end of first half, rises 14% to 2,605.9 pence from 2,285.3p in December. Declares no interim payout, unchanged annually. Company adds: "The company's net assets per share grew by 14% during the first half of 2021. This comes on top of the 37% rise in 2020, which is particularly pleasing. The market rhetoric at the start of the year was 'to switch from growth to value as the world recovers from the Covid trauma' and this resulted in a widening of the discount of the Company's share price to net asset value."

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Arbuthnot Banking Group PLC - London-based private and commercial banking - Pretax profit in six months to June 30 jumps to GBP3.0 million from GBP201,000 a year prior. Total operating income rises 13% to GBP41.3 million from GBP36.6 million. Declares 16p interim dividend having not declared one in respect to first half of 2020. In March, company paid 21p special payout, in respect to payout withdrawn at onset of pandemic, due to regulatory request.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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