TRADING UPDATES: Bango annual loss widens; CPPGroup profit down

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

--------

Bango PLC - Cambridge, UK-based mobile commerce company - Says revenue for 2022 amounts to USD28.5 million, up 38% from USD20.7 million in 2021. Pretax loss widens to USD4.8 million from USD1.5 million. Adjusted earnings before interest, tax, depreciation and amortisation amount to USD5.0 million, down from USD6.2 million a year earlier. Looking ahead, says trading in the current year has started well, and the board remains confident in its prospects for the year ahead. It now expects to exit 2023 with USD10 million of annual recurring revenue.

--------

Personal Group Holdings PLC - Milton Keynes-based employee benefits and services provider - Revenue is up 16% to GBP86.7 million for 2022, up from GBP74.5 million in 2021. Swings to a pretax loss of GBP6.8 million from a profit of GBP4.3 million, as the company books an impairment of goodwill of GBP10.6 million. Adjusted earnings before interest, tax, depreciation and amortisation amounts to GBP6.0 million, slightly down from GBP6.1 million in 2021, but the firm says it is in line with expectations. Declares a final dividend of 5.30 pence per share, unchanged from the year prior. This takes the total dividend for 2022 to 10.60p per share, same as 2021. Looking ahead, says trading has continued positively into the first quarter, including good momentum in new insurance policy sales.

--------

CPPGroup PLC - Leeds, England-based technology-driven assistance company - Says revenue is up 19% to GBP169.8 million in 2022, up from GBP142.8 million in 2021. However, pretax profit decreases to GBP2.4 million from GBP4.3 million, but on an underlying basis, it increases to GBP4.1 million from GBP3.1 million a year earlier. Cost of sales increase to GBP139.0 million from GBP110.5 million. Declares no dividend for 2022 compared to 12.5 pence a year prior. Looking ahead, says it has had a positive start to the year, with trading from continuing operations performing in line with expectations.

--------

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.