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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Jaywing PLC - Sheffield-based data-driven advertising and marketing agency - Posts revenue of £11.2 million for the six months ended on September 30, down 3.8% from £11.6 million the year before. However, it swings to a pretax profit of £208,00 from a loss of £44,000, as operating income jumps to £423,000 from just £40,000 the year before. Says the economic uncertainty in both the UK and Australia ‘impacted first half revenue’. Adjusted earnings before interest, tax, depreciation and amortisation amount to £1.4 million, up 33% from £1.0 million the year before, driven by ‘strong proposition in the market together with a firm control on costs’. Looking ahead, expects stronger profitability in the second half of the year.
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James Latham PLC - Hertfordshire-based distributor of timber, panels and decorative surfaces - Says revenue is up 9.7% to £212.8 million from £193.9 million the year before. ‘Cost prices on both timber and panels have risen at a much slower rate than in the previous financial year but they are remaining stable and there are currently little signs of price weakness’, the company notes. Pretax profit, however, is down 30% to £23.7 million from £34.0 million. Declares an interim dividend of 7.25 pence per share, up 12% from 6.5 pence a year prior. Looking ahead, says second half of financial 2023 has started with slightly weaker volumes than the previous six months to September 30, with margins also slightly lower than in the same period.
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DSW Capital PLC - Warrington, England-based business advisory services provider - Reports a 35% jump in revenue to £9.8 million for the six months ended on September 30 from £7.3 million a year earlier. Pretax profit slips to £588,000 from £651,000. Says demand for DSW Network’s services remains strong, on track to meet financial 2023 market expectations. Declares an interim dividend of 1.76 pence per share, trebled from 0.56p interim dividend proposed at the end of financial 2022.
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