(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday, and not separately reported by Alliance News:
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EnSilica PLC - Oxfordshire-based semiconductor designer and supplier with design centres in India and Brazil - Achieves revenue jump of 77% to GBP15.3 million in the year ended on May 31, from GBP8.6 million the year before. Pretax loss narrows to GBP534,000 from GBP2.7 million, as cost of sales increase by 55% to GBP10.2 million from GBP6.6 million the year before. Adjusted earnings before interest, tax, depreciation and amortisation surge to GBP1.1 million from GBP59,000 the year before. Says the firm has delivered financial 2022 results "ahead of expectations". Looking ahead, it says it has started the current financial year strongly, buoyed by existing contracts that underpin its momentum, and it's well-placed to continue to capitalise on sizeable growth opportunity.
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JPMorgan UK Smaller Cos Investment Trust PLC - a trust giving access to growing smaller companies in the UK - For the year ended on July 31, net asset value total return falls 24%, compared to a negative 16% in the total return from the Numis Smaller Cos plus AIM excluding investment Cos Index. As at July 31, NAV per share falls to 333.7p from 443.7p the year before. Says managers entered 2022 with "some optimism only to have the financial outlook turned on its head by Putin's invasion of Ukraine". Declares a final dividend of 6.9 pence per share, up 21% from 5.7p a year prior. Firm says it did not anticipate the severity of the cost of living crisis and the level of government support that would be necessitated.
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abrdn Asia Focus PLC - invests in smaller, listed companies in Asia and Australasia, excluding Japan, formerly Aberdeen Standard Asia Focus - Says net asset value per share as at July 31 is at 295.25 pence, down from 309.02p a year ago. NAV total return for the year ended July 30 is negative 2.0%, compared to a positive of 42% the year before. Declares total dividend of 8.0p per share compared to 3.2p the year prior. "The past year has been difficult for financial markets as the world emerges unevenly from the pandemic, with global stock markets suffering from bouts of weakness as investors digest the implications of a European war while facing inflation and the rising prospects of a global recession" it notes. Looking ahead, abrdn says inflation is "less of an issue" looking forward, and notes that valuations look attractive. Additionally, says Chair Nigel Cayzer will retire on November 30 and appoints Krishna Shanmuganathan as new chair.
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By Xindi Wei; xindiwei@alliancenews.com
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Ensilica (ENSI)
Abrdn Asiafocus (AAS)