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-based data-driven commerce company - For 2021, swings to pretax loss of $1.5 million from profit of $870,000 the year before, driven by higher costs resulting from a planned strategy of reinvestment to strengthen the company’s platform. This is spite of revenue growing 32% year-on-year to $20.7 million from $15.7 million, as a result of new platform deals and subscription services.
----------
Midwich Group PLC - audio visual technology distributor - For 2021, swings to pretax profit of £18.9 million from £1.0 million loss the year before, on revenue which grows 20% year-on-year to a record £856.0 million from £711.8 million, driven by a pickup in the AV market during the year, particularly in the EMEA and North America regions. Proposes final dividend of 7.8 pence per share, bringing total payout to 14.1p. Looking ahead, company remains cautious for 2022 but is optimistic about meeting its strategic objective for the year. In addition, has no direct exposure to Russia or Ukraine, and does not expect any significant effect on the company from recent events.
----------
Gresham Technologies PLC - London-based software and services company - For 2021, pretax profit rises 49% to £431,000 from £308,000 the year before, as revenue grows 49% year-on-year to £37.0 million from £24.8 million, partly due to the recent contribution from Electra Information Systems Inc, which Gresham acquired during the year, in addition to strong growth from Clareti, where revenue rises 65% to £25.5 million. Declares final dividend per share at 0.75 pence. Looking ahead, has £37 million of revenue for 2022 under contract, leaving management confident about the group’s prospects.
----------
Glenveagh Properties PLC - Dublin-based housebuilder - For 2021, swings to pretax profit of €45.7 million from a loss of €15.7 million, on revenue which more than doubles year-on-year to €476.8 million from €232.3 million. Total completions increased 64% year-on-year to 1,150 from 700, although the core average selling price dipped 1% to €308,000 from €311,000. Looking ahead, forward order book more than doubled to €675 million at 1,921 units, from €310 million at 950 units. Looking ahead, the company is targeting continued revenue and profit rise in 2022.
----------
Engage XR Holdings PLC - Waterford City, Ireland-based virtual communications solutions - For 2021, pretax loss widens to €3.1 million from €2.7 million the year before, due to a rise in administrative expenses on higher staff costs, more than offsetting a 68% year-on-year increase in revenue to €2.4 million from €1.4 million, on rising demand for ENGAGE services.
----------
Aura Energy Ltd - Australia-based minerals company with polymetallic and uranium projects in Europe and Africa - For the six months ended December 31, pretax loss narrows to $624,048 from $1.7 million, due to lower expenses and a rise in other income to $92,496 from $30,452. Aura Energy remains focused on move into development phase for the Tiris uranium project in Mauritania, while the Haggan battery metals project in Sweden remains on care and maintenance.
----------
Future Metals NL - Australia-focused platinum group metals explorer - For the six months ended December 31, swings to pretax loss of A$2.4 million from profit of A$250,000, on ASX and AIM share registry fees.
----------
Guild Esports PLC - London-based esports company - Since end of January, when the company released its annual results, has traded in line with management expectations, with the new business pipeline remaining strong and advanced negotiations for sponsorship deals with several brands. Also announces resignation of Finance Director James Savage with immediate effect for personal reasons. Guild Esports has already started a search for a permanent replacement, and will appoint an interim CFO.
----------
Gama Aviation PLC - Farnborough, England-based aviation services company - For 2021, expects to report an adjusted loss before interest and taxes of $4 million, compared to $4.3 million the year before.
----------
Zaim Credit Systems PLC - Russia-focused fintech - Will comply with all UK, US and EU sanctions, and will monitor the situation to ensure its continued compliance. Company stresses that it has no relationships with any Russian banks, and is advancing its work to expand into other European countries. In addition, Zaim Express operates solely in Russia and is not affected by sanctions on the SWIFT international payment system.
----------
Allianz Technology Trust PLC - London-based technology investment company - For 2021, net asset value total return is 19.4% , compared to a 28.2% return from the Down Jones World Technology Index. As at December 31, net asset value per share increases year-on-year to 347.9 pence from 291.3p.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
