The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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CloudCoCo Group PLC - London-based IT and communications for businesses and public sector - Expects revenue to be no less than £24.0 million for the financial year that ended on September 30, up significantly from £8.0 million the year before as a result of previously announced acquisitions. Earnings before interest, tax, depreciation and amortisation is expected to be in the region of £1.0 million, up from £745,000. Says positive trading momentum from the first half has continued through to the second. Looking ahead, says confident of continued strong sales growth and improved profitability in financial 2023.
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Franchise Brands PLC - Manchester-based owner of ChipsAway, Willow Pumps and Metro Rod brands - Continues to perform robustly during the third quarter, driven by ‘contributions by the two largest businesses, Filta in North America and Metro Rod in the UK’. Says confident of exceeding expectations for the full-year. Revenue target for 2022 amounts to £92.9 million, and adjusted earnings before interest, tax, depreciation and amortisation amounts to £14.3 million.
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Alumasc Group PLC - Kettering, England-based supplier of building and engineering products - Says pleased to report ‘strong performance’ for the year ended on June 30. Says trading in its continuing operations over the first quarter of the current financial year has remained robust.
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Hargreaves Services PLC - Durham, England-based land, property and infrastructure development - Confirms all three business sectors, Services, Hargreaves Land and HRMS, are trading in line with its expectations. In particular, says Services business has had a strong start to the year ‘despite the energy pricing and inflationary pressures in the market’. Say confident of delivering full-year results in line with market expectations.
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PCI-PAL PLC - provides software-as-a-service allowing companies to take payments from customers - Says growth has continued into financial 2023 in line with expectations. First quarter revenue is 29% up compared to a year earlier, with a strong pipeline of opportunities. ‘Both volumes and margins in our continuing operations have been strong, and ahead of the corresponding prior year period’, it adds. Says trading is in line with annual expectations.
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