The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Expects to make first revenue in 2023 as it continues to make progress on projects in Paraguay. Pretax loss in first half to June 30 widens to $2.5 million from $591,000 a year prior. Aims for extended power purchase agreements in Paraguay. In that country, expects final investment decision on Villeta project, which is on track to start main site construction by mid-2023, with a view to commissioning of facility by late 2024 or early 2025. The planned Villeta project aims to produce green hydrogen and ammonia.
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Christie Group PLC - London-based financial, inventory and systems services provider - Citing ‘strong’ demand, interim profit in half-year ended June 30 grows to £1.7 million from £1.2 million a year prior. Revenue climbs to £33.7 million from £28.6 million. Ups interim dividend to 1.25p from 1.00p a year ago. ‘We have strong demand for our services and continue to win notable assignments. Despite the economic clouds gathering, we anticipate a successful full year performance,’ Chair & Chief Executive Officer David Rugg says.
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Likewise Group PLC - Birmingham-based domestic and commercial floor coverings distributor - Interim profit falls on rising costs but optimistic for ‘traditionally busy autumn trading’. Half-year pretax profit in the six months to June 30 falls to £85,882 from £302,677 a year prior. Revenue more than doubles to £58.4 million from £28.0 million. Cost of sales more than double to £40.9 million from £19.8 million. Administrative expenses widen to £8.6 million from £4.6 million. Distribution costs increase to £8.5 million from £3.3 million. ‘The positive sales revenue trend has continued through July, August and September, which positions the group well for the traditionally busy Autumn trading in the fourth quarter,’ firm says. Chief Executive Officer Tony Brewer states: ‘With the extensive logistics, sales and marketing investment, we are confident in progressively building a substantial and profitable floor covering distribution business.’
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Microlise Group PLC - Nottingham, England-based transport management software firm - Posts roughly similar interim result as a year ago. Pretax profit in the first half to June 30 falls to £1.44 million from £1.46 million. Revenue grows 5.2% to £30.7 million from £29.1 million. Administrative expenses widen to £17.1 million from £15.8 million. Regarding dividends, firm states: ‘The board still does not feel that it is an appropriate time to commence paying dividends, as the company continues to invest in its growth strategy’. Looking ahead, Microlise expects 2022 profit and revenue to be in line with market expectations. Adds that it made progress in the mergers & acquisitions area. Chief Executive Officer Nadeem Raza anticipates growing demand for its technology.
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SpaceandPeople PLC - Glasgow-based AIM-listed retail, promotional and brand experience specialist - Half-year loss widens as costs in the UK and Germany increase. Pretax loss in the six months to June 30 widens to £377,00 from £266,000 a year ago. Revenue doubles to £2.4 million from £1.1 million. Cost of sales widen to £869,000 from £292,000. Administrative expenses increase to £2.0 million from £1.8 million. Other operating income falls to £132,000 from £704,000. Cites issues affecting UK and German economies. Looking ahead, Chief Executive Officer Nancy Cullen says: ‘We are, however, a resilient business with diverse income streams. We have traded successfully through economically challenging conditions in the past and I have every confidence that we will continue to do so.’
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