The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
James Cropper PLC - paper products manufacturer based in Cumbria, England - Says revenue in the six months ended on September 24 grows 23% to £61.6 million from £50.0 million the year before, driven by ‘new customer wins and existing client growth’. However, it swings to a pretax loss of £857,000 from a profit of £1.9 million. Declares a dividend of 2.0 pence per share, down 20% from 2.5p a year prior. Looking ahead, James Cropper expects return to profit in the next six months, but cuts expectations for financial 2023 with an adjusted pretax profit of £2.0 million against previous guidance of £5.4 million.
----------
Braemar PLC - London-based shipbroker & advisor in shipping investment - Reports a 46% jump in revenue for the six months that ended on August 31 to £69.4 million, from £47.4 million the year before. Pretax profit surges to £10.1 million from £4.8 million, as operating profit surges to £10.5 million from £5.4 million the year before. Braemar declares an interim dividend of 4.0p per share, doubled from 2.0p a year prior. Looking ahead, the company says outlook remains positive, citing ‘high degree of confidence’.
----------
AdEPT Technology Group PLC - London-based information technology provider - Posts revenue of £34.2 million for the six months that ended on September 30, slightly down from £34.3 million the year before, impacted by global supply chain issues. Says underlying earnings before interest, tax, depreciation and amortisation amounts to £5.4 million, down 5.3% from £5.7 million. Pretax loss narrows to £461,000 from £869,000 the year before. Announces a return to interim dividend payments, declaring an interim dividend of 2.60 pence per share for the period. Says short-term outlook remains challenging but it considers the long-term prospects of the group to be ‘as strong as ever’.
----------
Copyright 2022 Alliance News Limited. All Rights Reserved.
