19th Jun 2025 13:28
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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LPA Group PLC - Saffron Walden, Essex-based engineering firm focused on electronic and electro-mechanical components and systems - Pretax loss widens to GBP475,000 for the six months to March 31, from GBP400,000 a year prior, as revenue drops 18% to GBP9.5 million from GBP11.6 million. Underlying operating loss deepens to GBP1.1 million from GBP349,000. However, order entry doubles to GBP17.0 million from GBP8.0 million, with the order book rising to GBP32.8 million from GBP28.0 million. Chair Robert Horvath says: "Notwithstanding challenging conditions, I am pleased to report that our order intake exceeded our expectations for the first half of the financial year proving that demand for our product solutions remains robust. We continue to make progress in strategically repositioning the Group and its customer base, with aviation, aerospace and defence now representing 31% of our business."
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First Property Group PLC - property fund manager and investor in UK and Central Europe - Swings to a pretax profit of GBP3.0 million in the year to March 31 from a GBP4.4 million loss a year prior, aided by lower impairment charges and a GBP1.7 million valuation uplift in its stake in Fprop Phoenix Ltd. Revenue edges down to GBP7.6 million from GBP7.9 million. Total assets under management fall to GBP220 million from GBP274 million, with third-party AuM down to GBP164 million. Net debt improves by 15% to GBP19.6 million, and cost-cutting delivered GBP650,000 in annualised savings. Chief Executive Officer Ben Habib says the group is near the bottom of the property cycle and expects improving fortunes.
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Tooru PLC – London-based investment company – Narrows pretax loss in 2024 to GBP1.0 million from GBP5.3 million the year before, as net loss from financial instruments falls to GBP721,000 from GBP4.7 million. Investment income drops to GBP203,031 from GBP391,151. Ends year with GBP2.4 million in cash and GBP4.2 million in net assets, down from GBP5.2 million. Portfolio includes stakes in Smarttech247 Group PLC and Mindflair PLC. Post year-end, completes acquisition of S-Ventures assets and becomes an operating company focused on wellness, with brands including Pulsin, Juvela and Purely.
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Hargreave Hale AIM VCT PLC - venture capital trust investing in AIM-listed stocks in London - Reports net asset value per share at March 31 of 34.48 pence, down from 40.55p at September 30, with a NAV total return of negative 8.2% for the half-year, compared to a negative return of 2.6% the year prior. Declares interim dividend of 0.75p per share and a special dividend of 0.50p. Portfolio company BAE Systems PLC performs well amid sound defence spending outlook, but weak end markets and the Autumn 2024 UK budget weigh on holdings like Bodycote PLC. Deal flow is slowly improving, but UK fund flows remain negative. Notes the AIM market has performed strongly since the 'Liberation Day' "correction".
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By Eva Castanedo, Alliance News reporter
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Related Shares:
BAE SystemsBodycoteMindflairFirst PropertyLpaTooruHargreave