EARNINGS UPDATES: HSS Hire profit multiplies; Maintel swings to loss

Thu, 27th Apr 2023 14:46

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

--------

HSS Hire Group PLC - Manchester-based tool and equipment rental firm - Posts revenue of GBP332.8 million for 2022, up 9.7% from GBP303.3 million in 2021. Pretax profit multiplies to GBP18.9 million from GBP8.0 million, and adjusted pretax profit nearly doubles to GBP21.0 million from GBP10.7 million. Declares a final dividend of 0.37 pence per share, bringing total dividend to 0.54p. No dividend was declared for 2021. Looking ahead, notes revenue growth for the first quarter of 2023, with earnings before interest, tax and amortisation in line with expectations. Chief Executive Officer Steve Ashmore says: "We continue to deploy new technologies across both HSS ProService and HSS Operations with all these initiatives remaining on track or ahead of plan."

--------

Inspecs Group PLC - Bath, England-based eyewear maker - Posts revenue of USD248.6 million for 2022, up from USD246.5 million in 2021. Pretax loss widens to USD9.5 million from USD9.1 million, as underlying operating expenses rise to USD103.1 million from USD88.2 million. Adjusted underlying earnings before interest, tax, depreciation and amortisation amounts to USD19.2 million, down from USD27.6 million a year earlier. Looking ahead, says the eyewear sector remains positive despite the "many headwinds we have encountered throughout the last year".

--------

Maintel Holdings PLC - London-based cloud and managed service specialist - Revenue is down 12% to GBP91.0 million in 2022 from GBP103.9 million in 2021. This is due to supply chain issues surrounding semi-conductor hardware, delays in public-sector tenders, lower revenue from large scale projects, Maintel said. Swings to a pretax loss of GBP4.9 million from a profit of GBP5.2 million, as adjusted pretax profit is down 77% to GBP1.6 million from GBP6.8 million. Looking ahead, says trading to date in 2023 has been in line with expectations.

--------

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com