The following is a round-up of earnings by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Iofina PLC - London-based iodine producer - Posts revenue of $42.2 million for 2022, up from $39.0 million in 2021. Pretax profit increases by 96% to $10.0 million from $5.1 million, as operating profit increases by 85% to $9.6 million from $5.2 million. Adjusted earnings before interest, tax, deprecation and amortisation amount to $11.5 million, up 65% from $6.9 million. Chief Executive Officer Tom Becker says ‘2023 has started well in terms of production from our existing plants and corresponding sales, with the market remaining strong and the company on track to meet its H1 production targets’.
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Corero Network Security PLC - Amersham, Buckinghamshire-based distributed denial of service cyber defence solutions - Revenue for 2022 is $20.1 million, down from $20.9 million in 2021. Pretax profit falls to $404,000 from $1.4 million, as operating profit drops to $676,000 from $1.1 million a year earlier. Order intake, however, is up 13% to $23.9 million from $21.2 million. Looking ahead, says encouraged by the 2022 increase in new order intake, as it expects to grow its sales pipeline and revenue in 2023.
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Northcoders Group PLC - Manchester-based software coding training provider - Posts revenue of £5.6 million for 2022, up 86% from £3.0 million in 2021. Swings to a pretax profit of £346,429 from a loss of £523,588. Notes ‘significant growth in demand with 8,470 applications in 2022 compared to 3,662 in 2021. Cost of sales rises to £1.7 million from £848,392. Looking ahead, says trading to date has been in line with expectations. ’We expect further significant growth in the year ahead with the balance weighted to the second half of the year‘, the firm says.
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AB Dynamics PLC - Bradford-on-Avon, Wiltshire-based testing systems and measurement products for the automotive market - Records revenue of £49.0 million for half-period ended on February 28, up 30% from £37.8 million a year before. However, pretax profit is down to £1.9 million from £2.3 million, as net finance expense is increased to £1.0 million from just £170,000 a year earlier. Declares an interim dividend of 1.94 pence each, up 10% from 1.76p a year prior. Looking ahead, says order book is solid, and keeps its expectations for 2023.
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