The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Impellam Group PLC - Luton, England-based recruiter - Swings to pretax profit of £15.4 million in 2021 from loss of £20.4 million in 2020, with a strong recovery from the UK & Europe, and a more muted increase from Asia Pacific, which was hampered by prolonged lockdowns. Revenue increases 13% to £2.26 billion from £2.00 billion, through a rapid increase in demand across all regions. Revenue also exceeds pre-pandemic figure of £2.25 billion. Declares no dividend for the year, in line with 2020. Looking ahead, Impellam makes a positive start to 2022, but events in Ukraine and resulting geopolitical instability has made the outlook uncertain.
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Maintel Holdings PLC - London-based cloud and managed service specialist - For 2021, swings to pretax profit of £5.2 million from a loss of £2.2 million in 2020, as a reduction in administrative expenses more than offsets a 2.3% decline in revenue to £103.9 million from £106.4 million. Revenue is hurt by declines from Maintel’s Mobile division due to fewer customers and from Managed Services & Technology on a decline of legacy PBX and contact centre markets. Declares no dividend due to uncertainty, in line with the year before.
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Curtis Banks Group PLC - Bristol-based provider of self-invested personal pensions - Pretax profit increases 22% to £9.3 million in 2021 from £7.6 million in 2020, on revenue growth of 18% to £63.3 million from £53.9 million. This is driven by a full-year contribution from acquisitions Talbot & Muir and Dunstan Thomas, in addition to growth from the self-invested personal pensions business. As at December 31, assets under administration increases 15% year-on-year to £37.4 billion from £32.4 billion. Proposes final dividend of 6.5 pence per share, bringing total 2021 payout to 9.0p, in line with 2020.
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Proteome Sciences PLC - drug development services provider - For 2021, pretax profit falls 52% to £118,000 from £245,000 due to a rise in administrative costs through investments in new staff and a share-based payment charge of £570,000. This is despite an 6.2% rise in revenue to £5.1 million from £4.8 million, mainly on growth from the Services business on higher orders. Looking ahead, a strong order book gives the company confidence on an increase in profit and revenue for 2022, noting high demand for Services in the final quarter of 2021.
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Mosman Oil & Gas Ltd - Sydney-based oil and gas company - For the six months ended December 31, pretax loss narrows to A$498,940, around $373,151 from A$708,822 a year prior, on revenue that increases 95% to A$745,790 from A$383,138. Net production by Mosman rises 43% to 17,344 barrels of oil equivalent, on an uplift in output from existing projects, the acquisition of Nadsoilco LLC and a higher interest in Falcon-1 in East Texas.
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Nippon Active Value Fund PLC - Japan-focused investment firm - As at December 31, net asset value per share increases 21% to 137.90 pence from 113.58p the same date a year before. For 2021, NAV total return per share is 22%, outperforming the MSCI Japan Small Cap Index, which suffered a negative return of 1.4%. Declares dividend of 1.95 pence per share, more than doubled from 0.85p a year prior.
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Pantheon Resources PLC - London-based oil and gas company focused on Alaska - For the six months ended December 31, pretax loss widens to $5.9 million from $4.1 million in the same period a year prior, due to rising costs for administration and share options. During the year, the company completes the testing of Talitha A well, with flow testing achieving pre-drill objectives and confirming the presence of high quality, light oil within targeted horizons.
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Pressure Technologies PLC - Sheffield, England-based engineering firm - Due to increasing order book, it is confident in meeting market expectations for its current financial year ending October 2. Order book for Chesterfield Special Cylinders reaches its highest level in over five years, due to the rise in order intake for high-value defence contracts in the first half of the year. Order book for Precision Machined Components has encouraging in intake levels, despite challenging oil and gas market conditions.
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Aukett Swanke Group PLC - London-based architect - For the financial year that ended September 30, pretax loss widens to £1.5 million from £46,000, as revenue including sub-consultant costs drop 22% to £8.8 million from £11.3 million, with the continued effect of the pandemic causing uncertainty in decision-making and inevitable delays. Looking ahead the company is considering several structural and geographic options to stabilise its underlying financial position.
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Windward Ltd - Tel Aviv-based artificial intelligence software provider for the maritime industry - For 2021, loss widens to $13.1 million from $4.0 million, due to higher costs across the board, as well as one-off expenses from its stock market listing in December. Revenue grows 19% to $17.4 million from $14.6 million. Annual contract value jumps by 39% to $21.2 million from $15.3 million, amid a sharp rise in customer numbers to 80 from 45. Looking ahead, positive trading has continued in 2022, and there is increased demand for products and technology in all areas.
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Eleco PLC - London-based architecture and construction software - For 2021, pretax profit remains flat at £3.9 million, in spite of revenue rising 8.3% to £27.3 million from £25.2 million on higher licence sales and the introduction of subscription-based pricing to new Building Lifecycle customers. Recurring revenue increases 9% to £15.4 million, 56% of total revenue. Declares final dividend of 0.40 pence per share, bringing total payout to 0.6p, up from 0.4p in 2020.
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Agriterra Ltd - Guernsey-based agricultural sector investor - For the financial year ending March 31, in the Grain division, sales have fallen below management expectations. This is due to an excessive volume of maize being imported from Malawi and Zambia, leading to supply being far greater than demand and causing a fall in prices. Beef suffered a reduction in demand between March and April 2021; however sales and value of meat rose in the second half of the year.
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Gattaca PLC - Hampshire, England-based engineering and technology recruitment firm - For the six months ended January 31, pretax loss widens to £2.5 million from £300,000 a year before, on higher administrative costs through the company’s investment in staff headcount and reward. Revenue declines 1.3% to £202.2 million from £204.8 million. Declares no dividend, in line with year prior, as the board continues to target sustainable levels of profitability.
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Sportech PLC - London-based betting technology company - For 2021, pretax loss narrows sharply to £246,000 from £11.9 million on reduced costs and a 32% increase in revenue to £22.9 million from £17.3 million, the year before being hurt considerably by strict Covid-19 restrictions. Looking ahead, expects the pandemic to peter out, and the company will remain focused on exploring new opportunities in the US state of Connecticut.
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Mobile Tornado Group PLC - Harrogate, England-based communications company - For 2021, pretax loss narrows to £861,000 from £1.4 million in 2020, on a 4.0% increase in revenue to £2.6 million from £2.5 million, in spite of the pandemic greatly constraining business activities. Looking ahead, notes promising business activity over the first quarter of 2022.
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