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UK EARNINGS SUMMARY: Dewhurst Annual Profit Up Despite Revenue Decline

Wed, 09th Dec 2020 16:10

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

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Dewhurst PLC - electrical components manufacturer - For the year to the end of September, pretax profit rose by 29% to GBP6.7 million from GBP5.2 million the year before on lower operating costs. However, revenue dropped by 1.4% to GBP55.6 million from GBP56.4 million the prior year, as Dewhurst UK suffered reduced demand and being closed in late March due to the lockdown. Kept dividend in line at 13.0 pence per share.

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SDI Group PLC - Cambridge-based medical technology firm - For the six months to the end of October, pretax profit increased by 56% to GBP2.4 million from GBP1.5 million the year before. Adjusted pretax profit increased by 52% year-on-year to GBP3.0 million, on revenue that grew by 23% to GBP14.1 million from GBP11.5 million the prior year. This was driven by a strong contribution from products designed into equipment used for testing and treating Covid-19. Looking ahead, expects annual performance in line with market expectations.

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Creightons PLC - consumer goods manufacturer - For the six months to the end of September, pretax profit increased by 64% to GBP2.9 million from GBP1.8 million the year before, as revenue grew by 36% to GBP32.4 million from GBP23.8 million, driven by higher sales of hygiene products, sanitising gels and hand washes, mainly under the company's "Pure Touch" brand. Declares interim dividend of 0.15 pence per share, in line with year before.

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PCF Group PLC - specialist bank - For the year to the end of September, pretax profit down by 74% to GBP2.1 million from GBP8.0 million the year before, due to higher administrative costs at GBP14.8 million and one off impairment losses on goodwill. This was in spite of growth in net interest income by 23% to GBP26.6 million from GBP21.6 million the prior year. PCF reported look book growth by 28% year-on-year to GBP434 million from GBP339 million.

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Marble Point Loan Financing Ltd - investment firm - As at September 30, net asset value per share down at USD0.57 from USD0.78 as at December 31, as investments at fair value dropped to USD140.7 million from USD273.5 million.

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Duke Royalty Ltd - UK and Europe royalty finance provider - For the six months to the end of September, swings to pretax profit of GBP4.9 million from loss of GBP10.4 million, due to a sharp rise in royalty investment net income, despite cash revenue that declined to GBP4.4 million from GBP5.0 million.

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JPMorgan Japanese Investment Trust PLC- investment firm - For the year to the end of September, net asset value total return was 35%, compared to its benchmark, the TOPIX index in sterling terms, which returned 2.0%. As at September 30, net asset value per share was 670.8 pence, up from 506.5p the same date the year before.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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