Alliance News) - 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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NAHL Group PLC - Northamptonshire, England-based insurance claims management - Posts a 6.2% rise in revenue to £20.7 million in the six months that ended June 30 from £19.5 million a year earlier, with growth seen in both its divisions. Records a pretax profit of £50,000, down sharply from £581,000 in the previous year but in line with expectations. Explains operating profit was lower due to planned investment in scaling the group’s integrated law firm, NAL. Based on its first-half performance, NAHL says it believes it can navigate the second half of the year and macroeconomic uncertainty to deliver a full-year outturn in line with expectations.
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DigitalBox PLC - Bath-based digital media company - Reports a 40% rise in revenue to £1.9 million in the six months that ended June 30 from £1.3 million a year earlier, driven by high volumes of traffic on Entertainment Daily and the continued improvement in the monetisation of The Tab. Swings to a pretax loss of £220,000 from £99,000, as administrative expenses increase to £1.9 million from £1.0 million a year ago. Looking ahead, DigitalBox says annual results will be broadly in line with market expectations.
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Personal Group Holdings PLC - Milton Keynes-based employee benefits & services provider - Posts a 5.8% rise in revenue to £34.7 million in the six months that ended June 30 from £32.8 million a year earlier. Pretax profit, however, falls to £459,000 from £3.2 million, in line with adjusted earnings before interest, tax, depreciation and amortisation. Maintains an interim dividend of 5.3pence per share. Says trading remains in line to meet market’s full-year expectations.
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Yu Group PLC - UK supplier of gas, electricity and water - Posts pretax profit of £5.5 million in the six months that ended June 30, up significantly from £1.1 million a year ago, as revenue doubles to £129.2 million from £65.8 million. Says the firm has benefited from its improved customer proposition. The rise is profit also is due to a gain based on a hedge position. Considering the introduction of a progressive dividend policy. Expects strong first-half performance to continue for the remainder of the financial year and beyond, with continued strong trading already evident in the third quarter this year.
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Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photo-disinfection-based therapies - Says revenue in the six months that ended June 30 plunges to C$262,000 from C$2.0 million a year ago, reflecting the end of Covid pandemic-related sales as of the third quarter in 2021. Net loss stretches to C$8.6 million from C$4.6 million. Loss from operations amounts to C$8.4 million from C$4.6 million, driven by accelerating clinical and regulatory efforts for the US market, operating scale-up, public company-related costs, and adding key personnel to support future growth.‘ Says excited for the months ahead.
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