Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

EARNINGS: Gresham Tech profit up ahead of takeover; Christie cuts divi

29th Apr 2024 15:02

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News:

----------

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 GBP150 million takeover offer for Gresham from funds advised by private equity firm STG Partners LLC. Pretax profit jumps to GBP3.1 million in 2023 from GBP1.9 million in 2022, as revenue improves 1.6% to GBP49.0 million from GBP48.2 million. Revenue from Gresham's core Clareti platform rises by 10% to GBP36.3 million from GBP32.9 million. Cash as at December 31 is GBP4.8 million, after payments for past acquisitions, down from GBP6.3 million a year before. Looking ahead, Gresham has GBP38 million in 2024 revenue already under contract. A general meeting to approve the takeover by STG will be held on May 16.

----------

SpaceandPeople PLC - Glasgow-based provider of promotional and short-term retail space - Swings to small pretax profit of GBP103,000 in 2023 from a restated GBP1.6 million loss in 2022, as revenue rises to GBP5.8 million from GBP4.7 million. Has GBP1.9 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."

----------

Biome Technologies PLC - Southampton-based biotechnology - Pretax loss widens to GBP1.6 million in 2023 from GBP802,000 in 2022, even as revenue rises by 13% to GBP7.0 million from GBP6.2 million. Cost of goods sold rises faster than revenue, and administrative expenses also increase. Looking to the new year, Biome says revenue is GBP1.1 million for the three months ended March 31. This marks a 44% drop from GBP1.9 million in the first quarter of 2023, and the result is "slightly below" Biome's expectations. Biome's Bioplastics division delivers GBP900,000 in revenue in the recent quarter, a decrease of 44% from GBP1.6 million a year before.

----------

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 GBP4.3 million in 2023 from GBP4.4 million profit in 2022, as revenue declines by 4.8% to GBP65.9 million from GBP69.2 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.

----------

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.

FTSE 100 Latest
Value8,359.41
Change46.52