The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News:
----------
Gooch & Housego PLC - Somerset, England-based photonics components and systems manufacturer - Pretax profit in the year to September 30 declines 30% to £4.2 million from £6.0 million. Revenue improves 0.7% to £136.0 million from £135.0 million. ‘Despite the challenges the group experienced in the first half of FY2024 due to reduced demand in our industrial and medical laser markets, G&H delivered a strong performance in the second half of the year underpinned by the solid demand for our Life Sciences and A&D products and also reflecting the significant operational improvements that have been made across the group,’ Chief Executive Officer Charlie Peppiatt says. Company ups final dividend to 8.3 pence per share from 8.2p. Total dividend is 1.5% higher at 13.2p from 13.0p.
----------
SysGroup PLC - IT services, cybersecurity and cloud hosting provider - Warns on annual earnings and says its pretax loss in the half-year to September 30 is largely unmoved at £1.1 million. Revenue falls 7.4% to £10.2 million from £11.0 million. SysGroup expects revenue for the full-year will be shy of current market expectations, amid ‘longer-than-expected sales cycles’.
----------
Altitude Group PLC - Manchester-based provider of branded merchandise solutions - Revenue in half year to September 30 improves 21% to £14.2 million from £11.8 million a year prior. Pretax profit up slightly to £35,000 from £31,000. ‘The group continues to benefit from robust growth in its Merchanting division, and its performance is underpinned by the resilient Services division despite subdued market conditions and a challenging economic environment in the US. The group has also made strong operational progress which will continue into H2 25,’ it adds.
----------
Mind Gym PLC - London-based personal and business coaching service - Revenue in half year to September 30 declines 3.3% to £20.2 million from £20.9 million a year prior. Its pretax loss narrows to £858,000 from £13.2 million, however. Administrative expenses fall 42% to £18.0 million from £31.0 million. ‘MindGym’s outlook for the full year remains unchanged, with actions taken to eliminate further costs, providing greater resilience and underpinning improved profitability,’ it adds.
----------
Ondo InsurTech PLC - London-based claims prevention technology company for home insurers - Pretax loss in six months to September 30 widens to £2.4 million from £1.0 million a year prior. Revenue improves 42% to £1.7 million from £1.2 million. In addition, it announces a deal with Danish insurer Alm Brand Group to introduce LeakBot to their customers. ‘With more than 700,000 customers combined, they are one of Denmark’s largest non-life insurance companies,’ Ondo says. ‘The agreement allows LeakBots to be ordered from any of the Alm. Brand Group brands, including Alm. Brand, Codan, Privatsikring and Erhvervssikring. An initial LeakBot deployment to Alm. Brand customers is due to be completed in January. Alm Brand will monitor the impact of LeakBot, including on claims savings, customer satisfaction and customer loyalty, with a view of rolling out across their customer base from summer 2025,’ Ondo adds.
----------
Vianet Group PLC - provider of retail sales and volume monitoring systems - Pretax profit in six months to September 30 amounts to £18,000, swinging from loss of £171,000 a year prior. Revenue totals £7.7 million, rising 6.9% from £7.2 million. ‘We are pleased to report another period of solid growth amid evolving market conditions. During the period the group has traded in line with management expectations and demonstrated significant year-on-year improvements across key performance indicators, and we have line of sight on the activity required to deliver management expectations for the second half,’ Vianet says. It resumes its dividend with a 0.3p per share payout. In addition, it announces it will buyback shares with immediate effect until up to July 18. ‘The maximum price which may be paid by the company per ordinary share shall not be more than 5% above the average middle market quotations for an ordinary share,’ it adds.
----------
System1 Group PLC - marketing decision-making platform - Pretax profit in half year ended September 30 jumps to £2.6 million from £925,000. Revenue rises 38% to £18.3 million from £13.3 million. ‘The company is trading in line with market expectations, including the impact of the additional investment expenditure to be incurred in the second half of the fiscal year,’ it says. ‘The third quarter has begun well, and at this stage we recognise that there may potentially be some revenue upside compared to current market expectations.’
----------
Image Scan Holdings PLC - Leicestershire, England-based provider of X-ray screening systems - Pretax profit in year ended September 30 more than doubles to £207,767, from £96,557 the year prior. Revenue weakens to £2.9 million from £3.0 million. Administrative expenses are lower at £1.3 million from £1.4 million. ‘While macroeconomic and geopolitical uncertainties persist, we approach each opportunity with enthusiasm and drive, engaging the collective talents of our team. The board of directors remains confident in the group’s prospects in the medium to long term. We are committed to capitalising on this year’s performance and actively seeking strategic avenues for growth in conjunction with our organic initiatives,’ Image Scan comments.
----------
Copyright 2024 Alliance News Ltd. All Rights Reserved.
