(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
Franchise Brands PLC - Macclesfield, England-based owner of ChipsAway, Willow Pumps and Metro Rod brands - Posts higher profit in half-year to June 30, thanks to addition of Filta. Pretax profit surges 83% to GBP4.8 million from GBP2.6 million a year ago. Revenue grows 60% to GBP44.5 million from GBP27.8 million. Declares 0.90 pence per share dividend, up 50% from 0.60p a year ago. Expects full-year performance to be at top of market expectations. Revenue is up due to "record organic growth primarily driven by Metro Rod Ltd and the transformational acquisition of Filta Group Holdings PLC bringing highly complementary services, an international footprint and considerably enhanced scale," says Chair Stephen Hemsley.
----------
Gresham Technologies PLC - London-based software and services company - Swings to half-year profit as annual recurring revenue grows. Pretax profit in half-year to June 30 stands at GBP1.1 million versus a loss of GBP837,000 a year ago. Revenue grows 55% to GBP23.0 million from GBP14.8 million. Says it will meet 2022 expectations as its revenues are benefiting from foreign exchange tailwinds. "We have invested and will continue to further invest for growth in the Clareti business," says Chief Financial Officer Tom Mullan, citing its Cloud platform Clareti which grew 66% to GBP16.4 million from GBP9.9 million. Pays a final dividend of 0.75p per share for 2021, unchanged from 2020.
----------
Athelney Trust PLC - invests in smaller UK companies for dividend and capital growth - Net asset value drops sharper than FTSE 250. Athelney NAV declines by 25% in the half-year to June 30, compared to the London mid-cap index falling by 21%. NAV per share decreases 16% to 233.7p as of June 30 from 277.8p a year ago. Declares an interim dividend of 2.1 pence per share, up from 2.0p a year ago. "The board remains confident the company remains well-positioned to meet its objectives," says Chair Frank Ashton.
----------
TMT Acquisition PLC - London-based company seeking to buy technology, media and telecom businesses - Reports pretax loss for the financial year that ended March 31. Pretax loss stands at GBP101,532. No comparative numbers as initial public offering on the London Stock Exchange was in October 2021. "The company intends to consider opportunities within the technology, media and telecom sector focusing on disruptive digitally enabled media and technology businesses with an initial focus in the financial services and other regulated sectors," firm explains.
----------
By Tom Budszus; tombudszus@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Athelney Tst. (ATY)
Franchise Brands (FRAN)
Gresham (GHT)