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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NAHL Group PLC - Northamptonshire, England-based insurance claims management - Posts a 6.2% rise in revenue to GBP20.7 million in the six months that ended June 30 from GBP19.5 million a year earlier, with growth seen in both its divisions. Records a pretax profit of GBP50,000, down sharply from GBP581,000 in the previous year but in line with expectations. Explains operating profit was lower due to planned investment in scaling the group's integrated law firm, NAL. Based on its first-half performance, NAHL says it believes it can navigate the second half of the year and macroeconomic uncertainty to deliver a full-year outturn in line with expectations.
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DigitalBox PLC - Bath-based digital media company - Reports a 40% rise in revenue to GBP1.9 million in the six months that ended June 30 from GBP1.3 million a year earlier, driven by high volumes of traffic on Entertainment Daily and the continued improvement in the monetisation of The Tab. Swings to a pretax loss of GBP220,000 from GBP99,000, as administrative expenses increase to GBP1.9 million from GBP1.0 million a year ago. Looking ahead, DigitalBox says annual results will be broadly in line with market expectations.
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Personal Group Holdings PLC - Milton Keynes-based employee benefits & services provider - Posts a 5.8% rise in revenue to GBP34.7 million in the six months that ended June 30 from GBP32.8 million a year earlier. Pretax profit, however, falls to GBP459,000 from GBP3.2 million, in line with adjusted earnings before interest, tax, depreciation and amortisation. Maintains an interim dividend of 5.3pence per share. Says trading remains in line to meet market's full-year expectations.
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Yu Group PLC - UK supplier of gas, electricity and water - Posts pretax profit of GBP5.5 million in the six months that ended June 30, up significantly from GBP1.1 million a year ago, as revenue doubles to GBP129.2 million from GBP65.8 million. Says the firm has benefited from its improved customer proposition. The rise is profit also is due to a gain based on a hedge position. Considering the introduction of a progressive dividend policy. Expects strong first-half performance to continue for the remainder of the financial year and beyond, with continued strong trading already evident in the third quarter this year.
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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photo-disinfection-based therapies - Says revenue in the six months that ended June 30 plunges to CAD262,000 from CAD2.0 million a year ago, reflecting the end of Covid pandemic-related sales as of the third quarter in 2021. Net loss stretches to CAD8.6 million from CAD4.6 million. Loss from operations amounts to CAD8.4 million from CAD4.6 million, driven by accelerating clinical and regulatory efforts for the US market, operating scale-up, public company-related costs, and adding key personnel to support future growth." Says excited for the months ahead.
By Xindi Wei; xindiwei@alliancenews.com
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Nahl Group (NAH)
Digitalbox (DBOX)
Personal Group (PGH)
Yu Energy (YU.)
Ondine Biomed (OBI)