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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Frenkel Topping Group PLC - Manchester-based professional and financial services firm focused on asset protection - Posts pretax profit of £1.29 million in the six months to June 30, down slightly by 0.3% from £1.33 million a year ago, as administrative expenses increase by 17% to £3.5 million from £3.0 million a year ago. Staff costs rise by 53% to £6.1 million from £4.0 million. Revenue, however, grows by 31% to £11.1 million from £8.5 million. Declares an interim dividend of 0.34 pence per share, unchanged from a year prior. Looking ahead, Frenkel says the second half of the year has begun positively, and that the full-year is trading in line with expectations.
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CPPGroup PLC - Leeds-based company, which provides products and services for financial services customers - Swings to a pretax profit of £1.3 million in the six months to June 30, from a loss of £489,000 a year ago, as revenue rises by 18% to £77.8 million from £65.7 million. Says core revenue increases by 26% to £69.5 million from £55.0 million a year ago. ‘Despite global economic headwinds, the group has, from a trading perspective, delivered robust revenue growth, particularly from its Indian and Turkish operations,’ Chief Executive Officer Simon Pyper says.
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Sancus Lending Group Ltd - Guernsey-based alternative property finance - Posts a revenue of £4.8 million in the six months to June, down by 0.4% from £5.0 million a year ago due to ‘modest progress on loan deployment’, the firm says. Pretax loss, however, narrows to £2.0 million from £4.2 million. Looking ahead, Sancus says it continues to be enthusiastic about the opportunities that lie ahead, and looks forward to delivering profitability.
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