(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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Ace Liberty & Stone PLC - Edinburgh-based commercial property investment company - For the six months ended October 31, reports pretax profit of GBP539,371, down 7% from GBP581,856 the previous year. Its turnover is also down, falling 3% to GBP2.9 million from GBP3.0 million.
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Studio Retail Group PLC - Lancashire, England-based home shopping company, previously known as Findel PLC - For the 13 weeks to December 24, the company's third quarter, reports that product sale performance as a whole was 10% below the same period last year. Against two years ago, product sales in the third quarter were up 18%. Active customer base is down 2% to 2.3 million. Now expects adjusted pretax for the year in the range of GBP28 million to GBP30 million.
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Belvoir Group PLC - Lincolnshire, England-based residential property lettings and sales company - Reports revenue was up 36% in 2021, rising to GBP29.6 million from GB21.7 million in 2020. Belvoir says this is a record level. Residential property sales transactions are up 41% on 2020 and 22% ahead of the six-year average to 2019. Revenue from its financial services division are up by 49% to GBP14.4 million from GBP9.7 million. Revenue from the property division are up 27% to GBP15.2 million from GBP12.0 million. As a result, the company now expects its financial performance for the year will be "comfortably" ahead of expectations.
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Devolver Digital Inc - Texas-based video game publisher - Expects revenue in 2021 to be slightly ahead of expectations, with year-on-year revenue growth from continuing operations of 40% to USD99.5 million. It also expects normalised adjusted earnings before interest, tax, depreciation and amortisation to be slightly ahead of expectations with growth of 55% to USD25.0 million. Devolver Digital expects to release its full-year results in April.
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Van Elle Holdings PLC - Nottinghamshire, England-based ground engineering and geotechnical contractor - For the six months ended October 31, reports a pretax profit of GBP1.9 million, swinging from a loss of GBP721,000 in the same period the previous year. The company reports revenue of GBP60.1 million, up 57% from GBP38.3 million. Its operating profit was GBP2.3 million, swinging from a loss of GBP437,000. The company explains that a recovery in the national construction and housebuilding markets during the first half of the year delivered strong order levels and significantly increased contract activity in the period.
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Ebiquity PLC - London-based marketing and media consultant - Reports that group revenue for 2021 is line with expectations with year-on-year growth of 12%. As a result, Ebiquity says underlying operating profit for 2021 is now expected to be ahead of expectations at not less than GBP4.7 million. The company also announces the acquisition of Forde & Semple Media Works, a media performance consultancy company based in Canada. Forde & Semple reports revenue of CAD1.1 million for the year ended January 31.
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Craneware PLC - Edinburgh-based company focused on optimising financial performance for healthcare providers - For six months to December 31, the company's first half, reports revenue more than doubles to USD80 million. Adjusted earnings before interest, tax, depreciation and amortisation increases 75% to USD23 million. Annual recurring revenue grows ahead of management's expectations to USD165m, up from USD64.5 million in the same period the previous year. The company adds that the recent wave of Omicron and reduced staffing levels has led to the group witnessing a slight elongation of the sales cycle and delays in professional services. Craneware says it will announce its half-year results on March 14.
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Guild Esports PLC - London-based esports company - For the year ended September 30, reports significantly widened pretax loss of GBP8.8 million from a loss of GBP2.7 million the previous year. The company reports revenue of GBP1.9 million against no revenue in financial 2020. The company explains that this reflects a significant contribution from sponsorship income in the second half despite termination of a large contract by Guild. Adjusted cash amounts to GBP11.2 million at the financial year-end.
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Inspired PLC - Preston, England-based energy advisory and sustainability services provider - Reports that full-year revenue is expected to be 48% higher than its 2020 figure of GBP46.1 million. Says underlying cash generated from operations increased significantly in the second half of 2021 to GBP7.0 million. Net debt at the year-end is expected to be GBP32.7 million, up from GBP30.2 million at the end of the first half. Inspired's year-end corporate order book stands at GBP67.5 million, up 7% from 63.0 million in 2020.
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Vector Capital PLC - London-based commercial lending company - Reports that its loan book has grown to GBP46.3 million at December 31, up 27% from GBP36.4 million at the same time the previous year. The group has 79 live loans at the year-end, up from 63 in 2020, with an average loan size of GBP586,000, up 2% from GBP577,000 in the previous year. As a result, the company expects 2021 revenue of GBP5.3 million, ahead of expectations. In 2020, it reported revenue of GBP4.3 million. Vector Capital expects to announce its full-year results and declare its final dividend in early April.
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By Heather Rydings; heatherrydings@alliancenews.com
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Ebiquity (EBQ)
Craneware (CRW)
Inspired (INSE)
Guild Esports . (GILD)
Van Elle (VANL)
Vector Capital (VCAP)
Devolver Dig. S (DEVO)