The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:
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Gresham Technologies PLC - London-based software and services for data integrity and financial management - Declares 0.75 pence interim, having paid none a year before. This is part of the £150 million takeover offer for Gresham from funds advised by private equity firm STG Partners LLC. Pretax profit jumps to £3.1 million in 2023 from £1.9 million in 2022, as revenue improves 1.6% to £49.0 million from £48.2 million. Revenue from Gresham’s core Clareti platform rises by 10% to £36.3 million from £32.9 million. Cash as at December 31 is £4.8 million, after payments for past acquisitions, down from £6.3 million a year before. Looking ahead, Gresham has £38 million in 2024 revenue already under contract. A general meeting to approve the takeover by STG will be held on May 16.
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SpaceandPeople PLC - Glasgow-based provider of promotional and short-term retail space - Swings to small pretax profit of £103,000 in 2023 from a restated £1.6 million loss in 2022, as revenue rises to £5.8 million from £4.7 million. Has £1.9 million in cash on December 31, unchanged from the end of 2022. ‘SpaceandPeople has returned to profit after the difficult Covid impact period of the last three years,’ comments Chair George Watt. ‘While there were still economic headwinds to overcome in 2023, the business has seen the continuation of the growth trends from 2022 of strong top line revenue growth in the UK and Germany. Importantly, this has now positively impacted into both operating profit and profit before tax, and the board believes that there is further sustainable profit growth to come in future years.’
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Biome Technologies PLC - Southampton-based biotechnology - Pretax loss widens to £1.6 million in 2023 from £802,000 in 2022, even as revenue rises by 13% to £7.0 million from £6.2 million. Cost of goods sold rises faster than revenue, and administrative expenses also increase. Looking to the new year, Biome says revenue is £1.1 million for the three months ended March 31. This marks a 44% drop from £1.9 million in the first quarter of 2023, and the result is ‘slightly below’ Biome’s expectations. Biome’s Bioplastics division delivers £900,000 in revenue in the recent quarter, a decrease of 44% from £1.6 million a year before.
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Christie Group PLC - London-based provider of Professional & Financial Services and Stock & Inventory Systems & Services to hospitality, leisure and other sectors - Swings to pretax loss of £4.3 million in 2023 from £4.4 million profit in 2022, as revenue declines by 4.8% to £65.9 million from £69.2 million and operating expenses increase. Declares final dividend of 0.50 pence per share, down from 2.50p a year before, bringing the total for 2023 to 1.00p, down from 3.75p for 2022. Christie says it is ‘well positioned’ for an improved performance in 2024 after an ‘extremely disappointing year’ in 2023. Current activity levels are ‘encouraging’ with UK transactional broker pipelines ‘strongly ahead’ of the same time last year, it says.
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