The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Digitalbox PLC - Bath-based digital media and owner of brands such as Daily Mash, The Poke, The Tab and TVGuide.co.uk - In the six months to June 30, swings to pretax profit of £20,000 from pretax loss of £279,000 a year prior, as revenue climbs to £1.6 million from £1.2 million. Basic earnings per share are 0.02 pence compared with losses per share of 0.15p a year ago. Expects group to be in line with market expectations for the full year and grow in 2025. ‘This performance has exceeded our expectations during a strong first half of 2024, providing evidence of a strong operating model dealing with a fast-evolving media landscape. The success is in part due to the commercial transformation of the latest addition to our portfolio, TV Guide. Also, our strategic focus on mobile publishing, success of established brands Entertainment Daily, The Tab and The Poke, and good progress with the pivot to a paid subscription model on the Daily Mash. The combination of this performance and Digitalbox’s optimised operating model gives us confidence that we are well placed to embrace challenges and seize opportunities to further strengthen the company’s position,’ company says. Anticipates further consolidation across the market as media companies look to grow audience and extract cost synergies. ‘Digitalbox is alive to all strategic options these opportunities present and has the tools and technology to further grow brands it is engaged with,’ company adds.
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Animalcare Group PLC - York, England-based supplier of veterinary pharmaceutical products - in the six months to June 30, pretax profit more than doubles to £6.0 million from £2.4 million a year prior. Revenue edges up to £36.9 million from £35.2 million. Benefits from other operating income of £3.3 million compared to expenses of £244,000 a year ago. Calls it a positive first half performance following strong revenue growth in operations and improved levels of cash conversion. Says revenue boosted by increases in both price and volume and growth across all three product categories, notably in Production Animals and Equine. Declares interim dividend of 2.0 pence per share, in line with a year ago. ‘We are encouraged by our overall first half performance and the positive start to the second half. While mindful of the wider macroeconomic backdrop, the board is confident that full year results will be in line with market expectations,’ company says.
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itim Group PLC - retail software solutions provider - Says revenue improves 19% to £8.8 million in the first half of 2024, from £7.4 million the year before. This was ‘driven by both new contract wins and higher levels of service revenue’. Pretax loss narrows to £73,000 from a £1.1 million loss. Earnings before interest, tax, depreciation & amortisation total £1.2 million, swinging from a £197,000 loss. Chief Executive Ali Athar says results ‘demonstrate measurable progress across key metrics’. Company says it expects full-year results ahead of current market expectations; Athar says this is ‘a consequence of the positive momentum, including new contract wins, in addition to encouraging trading since the beginning of H2’.
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Microlise Group PLC - Nottingham, England-based transport technology software firm - In the six months to June 30, pretax profit tumbles 78% to £300,000 from £1.5 million a year prior. Revenue, however, climbs 15% to £39.1 million from £33.9 million. Basic earnings per share are zero compared to 1.05 pence before. Revenue is driven by strong recurring revenue growth and the enlarged contribution from Enterprise Software Systems and Vita Software acquisitions. Recommends dividend of 0.57p compared to nil a year prior. Calls results ‘solid’. Looks to the future with ‘confidence and expects to meet market forecasts for the full year.’
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Manx Financial Group PLC - Isle of Man-based financial services company - In the six months to June 30, pretax profit rose 16% to £3.5 million from £3.0 million a year prior. Net interest income climbs to £17.3 million from £16.4 million, net trading income little changed at £15.7 million compared to £15.6 million before.
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Fonix PLC - London-based mobile payments and messaging services for media, telecommunications and other enterprise clients - In the year to June 30, pretax profit rises to £13.9 million from £10.9 million a year prior. Revenue increases to £76.1 million from £64.9 million. Basic earnings per share improve to 10.7 pence from 8.8p. ‘The board remains confident in Fonix’s growth potential for FY25 and beyond, supported by high levels of recurring revenue with a strong run-rate, an expanded commercial offering, and significant opportunities for further international expansion,’ company says.
Continues: ‘In the next 12 months, we plan to further enhance our products, building on the strong progress achieved in [financial 2024]. Our serviceable market is expanding significantly with new direct network connectivity in Portugal, and we will explore additional direct connectivity opportunities in other territories in [financial 2025 as we determine the most effective routes to market.’ Declares final dividend of 5.70p, giving a total dividend for the year of 8.30p, up 15% from 7.25p a year prior.
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Mission Group PLC - Devon, England-based owner of digital marketing and communications agencies - In the six months to June 30, pretax profit falls to £48,00 from £626,000 a year prior. Revenue nudges up to £42.2 million from £41.4 million. Diluted earnings per share falls 23% to 1.0 pence from 1.3p. Says first half performance is in line with board expectations, driven by organic revenue growth across the group, particularly Mission’s Property and Sports & Entertainment Agencies. Says post period-end developments underpin confidence for full year outlook and include significant additional client wins. As in previous years, the group expects the majority of its profit to be generated in the second half of the year. ‘Remains cautiously optimistic that the group is on track to deliver against full year revenue and headline operating profit expectations but is mindful of the continued unpredictable trading environment’, company says.
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