CEPS PLC - Bath, England-based investment company focussed on the industrial sector - Posts revenue of GBP26.4 million for 2022, up from GBP20.3 million in 2021. Says the increase has resulted from an increase in the underlying businesses, the "full 12-month impact of acquisitions made in 2021, along with the partial year impact of an acquisition made in 2022". Pretax profit rises to GBP1.3 million from GBP996,000, as operating profit rises to GBP2.1 million from GBP1.6 million a year earlier. Looking ahead, expects inflation to decline sharply by the end of the year. Says the firm has in the first quarter of 2023 has performed ahead of expectations.
Current stock price: 34.06 pence each, down 5.4% on Friday at midday in London
12-month change: down 99%
By Xindi Wei, Alliance News reporter
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Ceps (CEPS)