The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.
----------
SMALL-CAP - WINNERS
----------
Petrofac Ltd, up 12% at 22.15 pence, 12-month range 8.28p-87.50p. The energy infrastructure company’s shares rose after a return to trading in London on Thursday, following the publication of its annual results for 2023. The firm reported a $526 million pretax loss for 2023, following a $345 million loss in 2022. Revenue fell 2.8% to $2.50 billion from $2.57 billion, as reduced activity in Engineering & Construction contracts was offset by growth in the Asset Solutions division. In the year-to-date, Petrofac’s shares are down 34%. It has a market cap of £116.4 million.
----------
Ecofin Global Utilities & Infrastructure Trust PLC, up 0.1% at 187.64 pence, 12-month range 144.03p-205.00p. The Chelmsford, England-based trust reports net asset value per share as at May 31 of 211.39p, up from 198.52p as at April 30. Says that with effect from the interim dividend to be paid in February 2024, the quarterly dividend rate will increase to 2.05p per share.
----------
SMALL-CAP - LOSERS
----------
ProCook Group PLC, down 6.1% at 23.00p, 12-month range 17.82p-34.00p. The Gloucester-based kitchenware company’s shares continue to rise, after predicting in April that annual profit would be ‘marginally’ ahead of market expectations. The firm posted revenue of £13.2 million for the fourth quarter for the year ended March 31, a rise of 4.8% on-year. It would mean full year revenue of £62.6 million, an increase of 0.4% from the previous year. Total retail revenue grew by 8.9% on-year in the final quarter, though e-commerce revenue fell 1.8%. On a like-for-like basis, retail revenue rose 4.3% in the fourth-quarter, though e-commerce slipped 2.5%. ProCook will release full-year results on June 26. In the year to date, its shares are down 7.8%.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
