The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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FRP Advisory Group PLC - London-based corporate finance, restructuring and debt adviser - Revenue in its financial year ended April 31 rises to £104 million, from £95.2 million the prior year. Pretax profit is £14.6 million, down 3.3% from £15.1 million. Adjusted underlying earnings before interest, tax, depreciation, and amortization rise 5.0% to £15.6 million, from £15.1 million. Chief Executive Officer Geoff Rowley says: ‘The group made strong progress in the financial year to April, with growth in the team, profits and dividends.’ FPR recommends a final dividend of 2.05 pence per share for its financial year, and a total dividend rise of 7.0% at 4.6 pence per share, from 4.3p the prior year.
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CyanConnode Holdings PLC - Cambridge, England-based narrowband radio frequency mesh networks provide - Revenue in financial year ended March 31 rises 23% to £11.7 million, from £9.6 million the prior year. Pretax loss widens to £3.4 million, from £1.2 million. Loss before interest, tax, depreciation and amortization widens to £2.9 million, from £400,000. Cash position increases to £4.1 million, from £2.4 million. Executive Chair John Cronin says: ‘Financial 2023 has once again shown record revenues and orders won, and a fourth year of consecutive growth.’
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Aptitude Software Group PLC - London-based subscription management and finance digitalization company - Annual recurring revenue for first half ended June 30 rises by 3.0% to £49.8 million, from £48.2 million. Pretax profit falls 11% to £1.7 million, from £1.9 million. Revenue is up 4.0% to £37.5 million, against £36.1 million. Cash and cash equivalents increase by 4.0% to £24.5 million, from £23.6 million at the same point the previous year. The company declares an interim dividend of 1.8 pence per share, unchanged from the previous year. ‘Recognising the impact of economic uncertainty, the board took action to reduce cost in the first half of 2023 to underpin its profit expectations for the remainder of the year and increase operational efficiency in future years... The group has demonstrated resilience against the challenging economic backdrop, continuing to generate new business across each strategic growth driver and in geographically diverse locations,’ says Chair Ivan Martin.
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Grafenia PLC - Manchester-based printing and software company - Pretax loss widens to £2.6 million, from £1.7 million the year before. Earnings before interest, tax, depreciation and amortization up 39% to £460,000 from £330,000 the year before. Net cash rises to £1.99 million from £1.59 million in the year. Net debt widens to £16.7 million, from £5.3 million. Chief Executive Gavin Cockerill says: ‘We now have a well developed deal process and acquisition ’flywheel’ which has resulted in four new acquisitions during the previous financial year and a healthy pipeline of deal flow.’
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RC365 Holding PLC - London-based company, which focuses on payment gateway solutions and IT support services - Revenue for year ended March 31 rises 86% to HK$16.9 million, about £1.7 million, up from HK$9.1 million year-on-year. Pretax loss widens to HK$5.4 million from HK$3.9 million. Net cash stood at HK$9.5 million at March 31, down 59% from HK$23.4 million the year prior. The board says it is optimistic for financial 2024, and that the company has a growing pipeline of potential opportunities.
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