(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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James Cropper PLC - paper products manufacturer based in Cumbria, England - Says revenue in the six months ended on September 24 grows 23% to GBP61.6 million from GBP50.0 million the year before, driven by "new customer wins and existing client growth". However, it swings to a pretax loss of GBP857,000 from a profit of GBP1.9 million. Declares a dividend of 2.0 pence per share, down 20% from 2.5p a year prior. Looking ahead, James Cropper expects return to profit in the next six months, but cuts expectations for financial 2023 with an adjusted pretax profit of GBP2.0 million against previous guidance of GBP5.4 million.
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Braemar PLC - London-based shipbroker & advisor in shipping investment - Reports a 46% jump in revenue for the six months that ended on August 31 to GBP69.4 million, from GBP47.4 million the year before. Pretax profit surges to GBP10.1 million from GBP4.8 million, as operating profit surges to GBP10.5 million from GBP5.4 million the year before. Braemar declares an interim dividend of 4.0p per share, doubled from 2.0p a year prior. Looking ahead, the company says outlook remains positive, citing "high degree of confidence".
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AdEPT Technology Group PLC - London-based information technology provider - Posts revenue of GBP34.2 million for the six months that ended on September 30, slightly down from GBP34.3 million the year before, impacted by global supply chain issues. Says underlying earnings before interest, tax, depreciation and amortisation amounts to GBP5.4 million, down 5.3% from GBP5.7 million. Pretax loss narrows to GBP461,000 from GBP869,000 the year before. Announces a return to interim dividend payments, declaring an interim dividend of 2.60 pence per share for the period. Says short-term outlook remains challenging but it considers the long-term prospects of the group to be "as strong as ever".
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By Xindi Wei; xindiwei@alliancenews.com
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Cropper (J) (CRPR)
Braemar Shipping (BMS)