31st Mar 2025 20:25
(Alliance News) - 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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Anpario PLC - Nottinghamshire, England-based animal feed additive manufacturer - pretax profit rises 88% to GBP5.2 million in the twelve months to December 31 from GBP2.8 million a year prior as revenue increases 23% to GBP38.2 million from GBP31.0 million. Basic earnings per share lift 83% to 24.66 pence from 13.51p. Diluted adjusted EPS rises 84% to 28.12p from 15.31p. Increases final dividend to 8.00p from 7.50p per share, resulting in a total dividend for the year of 11.25p up from 10.70p. Reports strong start to trading in the current year. Says Asia, Europe and the Middle East are expected to continue to benefit from recovery in agriculture markets. But adds key exporting countries such as the US and Brazil will continue to face challenges due to animal diseases, trade tariff disputes and food security policies pursued in certain regions.
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GCM Resources PLC - mining company focused on the Phulbari coal and power project in Bangladesh - pretax loss widens to GBP1.3 million in the six months to December 31 from GBP702,000 a year prior. Reflects increase in pre-development expenditure to GBP628,000 from GBP90,000.
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Cloudcoco Group PLC - London-based provider of managed IT services and communications solutions - group pretax loss widens to GBP3.4 million in the year to September 30 from GBP2.6 million a year prior despite revenue rising to GBP27.5 million from GBP26.0 million. Chair Simon Duckworth says: "2024 marked a pivotal year in our company's evolution. The decision to sell a significant portion of our trading assets was necessary to repay the loan notes but also value-enhancing for our shareholders. Since the sale, we've seen promising growth in the trading business, led by Peter Nailer. While the current business is both viable and growing, it is not yet sufficient to fully support the associated plc costs. We continue to look for new opportunities-particularly in consultancy and investment-to create a broader, scalable platform for long-term growth."
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Inspired PLC - Lancashire, England-based sustainability and energy advisor - Swings to pretax profit of GBP11.8 million in 2024 from GBP6.2 million loss in 2023. Revenue falls 5.0% to GBP93.8 million from GBP98.8 million. Adjusted diluted EPS drop 37% to 8.5 pence from 13.4p. Says improved profit reflects good underlying demand across all four divisions. Proposes final dividend of 1.0p down from 1.5p a year ago, resulting in full year dividend of 2.45p, down from 2.90p. Says 2025 financial year has started well and in line with management's expectations. Remains confident for 2025. Chief Executive Mark Dickinson says: "The group is trading in line with management expectations in the first quarter, with a strong pipeline across all four divisions, and has started the year with good momentum giving us confidence in our future prospects."
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Itaconix PLC - London-based manufacturer of plant-based polymers - Pretax loss widens to USD1.9 million in 2024 from USD1.5 million in 2023, as revenue falls to USD6.5 million from USD7.9 million.
Chief Executive John Shaw says: "2024 was a pivotal year in strengthening the foundation of our business, following our decision to rebuild our customer base around the true value of our ingredients. The results are already evident - improved gross margins, a more diverse and resilient customer base, and momentum in Europe and non-cleaning segments." Adds: "We are entering 2025 with a stronger platform for growth, enhanced by the launch of our SPARX innovation program, which is already producing promising new products like Itaconix TSI 422. With consumer demand rising for safer, sustainable, and high-performing products, we believe Itaconix is uniquely positioned to scale as a specialty ingredients leader."
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Iconic Labs PLC - London-based media and technology company - Swings to pretax loss of GBP293,860 in the six months to December 31 from profit of GBP270,132 a year prior. No revenue, unchanged. Remains committed to finding alternative targets after failed proposed acquisition of ITS Holdings. Says identifying suitable targets takes a significant amount of time and resources. Expects the company's shares to be re-admitted to trading in early April 2025. Also releases revised results for year to June 30, 2024. The original set of accounts had assumed that GBP665,000 of trade creditors had been written off in the year. This was not the case and as a result, the Trade and Other Payables balance within current liabilities has been revised upwards by this amount. Swings to pretax loss of GBP246,052 from profit of GBP4.6 million a year prior.
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Silverwood Brands PLC - holding company established to invest primarily in branded consumer businesses - swings to pretax loss of GBP358,866 in the six months to December 31 from profit of GBP262,646 a year prior. Revenue rises GBP9.3 million from GBP6.9 million, but cost of sales rises to GBP4.0 million from GBP2.4 million. Remains focused on delivering profitable growth. Says brands being better positioned than this time last year. Remains confident that "we will find attractive ventures to add to our existing portfolio."
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By Jeremy Cutler, Alliance News reporter
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