13th Jan 2025 14:26
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Hercules Site Services PLC - Cirencester, England-based labour supplier for the UK infrastructure and construction sectors - Reports a "further record year" with Hercules "delivering ahead of market expectations". Says that for continuing operations, revenue in 12 months to September 30 rose 28% to GBP101.9 million from a restated GBP79.8 million. Pretax profit widens to GBP2.2 million from a restated GBP1.5 million the prior year. Proposes flat-on year final dividend of 1.12 pence. Chief Executive Brusk Korkmaz says: "We have yet again exceeded the market's expectations and achieved another record year, delivering growth across all our core performance metrics. In doing so, our revenue growth for the last three years since listing has averaged 48% compound annual growth rate, a performance of which we are incredibly proud...Our confidence for FY 2025 is fuelled by a strong pipeline and a positive start to trading in Q1."
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Gfinity PLC - London-based e-sports and gaming services firm - Shares are restored for trading on AIM following publication of final results. Says revenue fell 13% to GBP1.9 million in the year June 30 from GBP2.2 million the year before. Pretax loss narrows to GBP989,273 from GBP8.2 million the prior year and impairment charges fall on-year to GBP284,408 from GBP6.0 million, driven by a reduction in the impairment charge for its Digital Media division. Chief Executive David Halley says: "The first stage of the transformation of Gfinity's business model is now completed, and we are now confidently moving into the new year with a business plan designed to create profitability and share price growth".
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Science Group PLC - Cambridge, England-based science, engineering and technology business that provides services to the medical, defence, industrial, food & beverage and consumer sectors - Anticipates "another record year" with adjusted operating profit in line or ahead of board expectations for the year ended December 31. Maintains a strong balance sheet with gross cash of GBP38.6 million at December 31 compared to GBP30.9 million the prior year. Says its absolute value accretion has not kept pace with its operating performance and notes its share price has outperformed all major UK and US micro-cap and small/mid-cap indices over a 1,3,5 and 10-year period. Intends to increase capital allocation for 2025 buyback programme to between GBP6 million and GBP10 million. Adds that term sheets have been agreed for an early refinancing of its revolving credit facility due to expire in 2026, with relevant discussions progressing.
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MediaZest PLC - Woking, England-based audio-visual technology company - Reports positive performance for the financial year ended September 30, "following strong Q4 trading with key customers continuing to roll-out digital signage installations across multiple sites". Annual revenue rises around 30% to about GBP3.0 million from GBP2.3 million the year before, returning to on-year growth. Expects to report a return to positive earnings before interest, tax, depreciation and amortisation following the prior year's loss of about GBP230,000. Says it continues to increase the number of longer-term recurring revenue contracts, with a recurring annual run rate at September 30 of approximately GBP900,000, compared to around GBP700,000 one year prior. Chief Executive Geoff Robertson says: "We are delighted with the strong year-end performance of the business, and the growing momentum we have brought into the new financial year. Our order book and overall forward visibility is encouraging and we look to continue our momentum into 2025."
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By Christopher Ward, Alliance News reporter
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