22nd Apr 2024 11:58
(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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Lok'n Store Group PLC - London-headquartered self-storage provider - Releases interim results just over a week after accepting a takeover offer from Shurgard Self Storage Ltd that values Lok'n Store at GBP378 million. Pretax profit slips by 8.3% to GBP4.3 million in the six months that ended January 31 from GBP4.7 million a year before. Revenue rises by 4.3% to GBP14.2 million from GBP13.6 million, but property, staff, distribution and general costs increase by 15% to GBP6.5 million from GBP5.7 million. Adjusted net asset value per share is GBP9.87 on January 31, flat on GBP9.86 six months before but up from GBP9.15 a year before. Since January, the company has seen "positive but muted revenue growth". "Customer demand remains above levels seen pre-pandemic, although it has been lower compared to the same period 12 months ago," says Chair Andrew Jacobs. Lok'n Store provides no update on the Shurgard offer but notes it won't pay an interim dividend as a result.
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Brave Bison Group PLC - London-based digital advertising technology - Pretax profit falls by 24% to GBP1.1 million in 2023 from GBP1.5 million in 2022, despite net revenue rising by 23% to GBP20.9 million from GBP16.9 million. This is due to higher acquisition and restructuring costs. Adjusted earnings before interest, tax, depreciation and amortisation are GBP4.3 million, up 42% from GBP3.0 million. Looking ahead, Brave Bison expects to meeting market expectations for 2024 of GBP4.2 million in adjusted Ebitda on GBP21.0 million in revenue.
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DG Innovate PLC - Bingley, England-based developer of sustainable mobility and energy storage solutions - Pretax loss narrows to GBP3.9 million in 2023 from GBP8.2 million in 2022. Revenue remains insubstantial at GBP30,240. Chair Nicholas Tulloch says DG Innovate has entered 2024 "in a strong position". "We have assembled an experienced team, and we are already gaining access to opportunities that, even just a few months ago, might have seemed beyond our grasp."
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Alliance Pharma PLC - Chippenham, Wiltshire-based consumer healthcare products - Delays 2023 results to "early May" from Tuesday this week. This is at the request of auditor Deloitte LLP, in order to finalise its work. The details provided in the January trading update "remain accurate", Alliance Pharma says, adding it will provide an update on the date of publication on Friday.
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By Tom Waite, Alliance News editor
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