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UK TRADING UPDATE SUMMARY: Headlam Recovers In Second Half To Date

Thu, 19th Nov 2020 17:48

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



Headlam Group PLC - floor covering firm - Trading in the second half of 2020 to date has recovered from a second quarter significantly hit by Covid-19. For four months to October 31, revenue was down 1.2% year-on-year, and underlying pretax profit at GBP13.3 million, compared to GBP1.3 million loss for first half of 2020. Expects underlying pretax profit for 2020 to be in range of GBP14 million to GBP16 million. In 2019, underlying pretax profit was GBP39.5 million.



Adamas Finance Asia Ltd - Asia-focused small-business investor - Net asset value at the end of September was USD99.4 million, down from USD100.2 million at the end of June, due to a slight increase on liabilities over the third quarter.



Macfarlane Group PLC - Glasgow-based packaging firm - Sales revenue for four months to the end of October 31, or second half of 2020 to date was up 4% year-on-year, giving confidence that 2020's full year results will be broadly in line with 2019's pretax profit of GBP12.0 million. In addition has appointed Ivor Gray as finance director with effect on January 1, 2021, replacing John Love, who will fully retire from the board at the end of March.



Catalyst Media Group PLC - media investment company - Investee Sports Information Services Holdings Ltd pretax profit for year to the end of March expected to be GBP800,000, up from GBP700,000 the year before. Although trading had improved in the summer period, further Covid-19 restrictions in October and November led to the closure of most of the retail betting offices SIS provides services to. As a result, for the year ending March 2021, SIS expects to be lossmaking, and has deferred any decision regarding a dividend payout.



accesso Technology Group PLC - technology - Expects revenue for 2020 to be ahead of its previous guidance of GBP48 million, due to sustained level of demand in key markets and continued customer engagement in the second half of 2020 to date.



Immotion Group PLC - entertainment and educational virtual reality firm - For September, loss before interest, tax, depreciation and amortisation was GBP62,000, on revenue of GBP305,000. Has also raised GBP1.2 million through placing and subscription of 30.0 million shares at a price of 4.0 pence each. Proceeds will go towards bolstering its balance sheet and provide funds to accelerate the growth of Let's Explore. Total shares in issue stands at 409.5 million shares.



Zoetic International PLC - London-based CBD company - Initial roll-out of Chill products under agreement with new distributor is ahead of schedule, in 125 new US stores in the first week. In addition, new orders for Chill products have nearly tripled in October compared to September.



BP Marsh & Partners PLC - private equity investor - Investee Lilley Plummer Risks Ltd is on course to produce brokerage fees in excess of USD2 million in its first year of trading, ahead of its strategic goals.



By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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