The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Johnson Service Group PLC - Cheshire-based textile rental - In the six months to June 30 reports revenue of £176.2 million, up from £99.6 million the year before. Says that the increase reflects the continuing recovery of its Horeca business, where total revenue more than doubled to £110.2 million from £35.1 million year-on-year. Notes that it continues to implement price increases to offset cost inflation. Expects full year results to be in line with market expectations. Says it intends to re-commence dividend payments when interim results are announced on September 1.
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Brighton Pier Group PLC - operates Brighton Marine Palace as well as bars and indoor mini-golf sites - Reports that in the year to June 26 revenue nearly triples year-on-year to £40.1 million and was up 25% from 2019. Says earnings before interest, tax, depreciation and amortisation exceeded market expectations at £10.8 million. Says that strong performance reflects demand for its leisure experiences across a range of demographics in the UK. Adds that it continues to generate ‘strong’ cash flows, enabling the repayment of £7.7 million of debt during its financial year. ‘The cash-generative nature of the group’s diverse businesses puts us in a unique position to capitalise on new opportunities as and when they arise,’ Chief Executive Officer Anne Ackord comments.
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OnTheMarket PLC - Aldershot, England-based property search portal operator - Says during its financial year to January 31 it saw the continued application of its 4 Pillar Strategy to establish a tech-enabled property business across the broader property market. This includes launching a new website, logo & branding, the completion of its acquisition of Glanty, and a new marketing strategy, with a new TV creative to drive increased levels of consumer awareness. Notes that at January 31 its cash balance was £8.4 million, with no borrowings. Says it has made a positive start to its new financial year and is trading in line with the board’s expectations.
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MyHealthChecked PLC - Cardiff-based healthcare company - Says its cheek-swab DNA at-home wellness tests are now available on UK site of online retailed Amazon.com Inc. The £54 tests available include: intolerance & sensitivities, weight management, heart profile and vitamins & minerals. Chief Executive Penny McCormick says: ‘Following the success of our partnership with the UK’s top high street pharmacy retailers for our Covid-19 testing service, we have seen the real value that additional retail partners can bring to the business by broadening our customer base and significantly increasing our market share.’
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Water Intelligence PLC - London-based leak detection services company - Wins two multi-year customers in Australia for its Water Intelligence International business. Renews contract with existing customer Sydney Water. Wins new contract with Iota Services Pty Ltd operating in Southeast Melbourne. Both contracts to begin in August and together are expected to generate A$1 million revenue annually, beginning in 2023. ‘Steve Gayler, who runs our WII business and Chris Medcalf, who runs WII Australia, have continued to navigate difficult operating conditions in Australia especially with respect to Covid and extreme flooding earlier this year. Our operations are off to a good start for second half 2022,’ Chair Patrick DeSouza adds.
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Macau Property Opportunities Fund Ltd - Guernsey-based investment firm - Sells four units in its flagship property the Waterside Macau for $14.4 million. Says the combined transaction value represents an average 6.8% discount to the units’ latest valuations. Notes that the sale of its units is in line with its ongoing divestment programme and the funds will be used to reduce debt and meet future debt repayments.
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