26th Sep 2022 12:52
(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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Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Expects to make first revenue in 2023 as it continues to make progress on projects in Paraguay. Pretax loss in first half to June 30 widens to USD2.5 million from USD591,000 a year prior. Aims for extended power purchase agreements in Paraguay. In that country, expects final investment decision on Villeta project, which is on track to start main site construction by mid-2023, with a view to commissioning of facility by late 2024 or early 2025. The planned Villeta project aims to produce green hydrogen and ammonia.
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Christie Group PLC - London-based financial, inventory and systems services provider - Citing "strong" demand, interim profit in half-year ended June 30 grows to GBP1.7 million from GBP1.2 million a year prior. Revenue climbs to GBP33.7 million from GBP28.6 million. Ups interim dividend to 1.25p from 1.00p a year ago. "We have strong demand for our services and continue to win notable assignments. Despite the economic clouds gathering, we anticipate a successful full year performance," Chair & Chief Executive Officer David Rugg says.
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Likewise Group PLC - Birmingham-based domestic and commercial floor coverings distributor - Interim profit falls on rising costs but optimistic for "traditionally busy autumn trading". Half-year pretax profit in the six months to June 30 falls to GBP85,882 from GBP302,677 a year prior. Revenue more than doubles to GBP58.4 million from GBP28.0 million. Cost of sales more than double to GBP40.9 million from GBP19.8 million. Administrative expenses widen to GBP8.6 million from GBP4.6 million. Distribution costs increase to GBP8.5 million from GBP3.3 million. "The positive sales revenue trend has continued through July, August and September, which positions the group well for the traditionally busy Autumn trading in the fourth quarter," firm says. Chief Executive Officer Tony Brewer states: "With the extensive logistics, sales and marketing investment, we are confident in progressively building a substantial and profitable floor covering distribution business."
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Microlise Group PLC - Nottingham, England-based transport management software firm - Posts roughly similar interim result as a year ago. Pretax profit in the first half to June 30 falls to GBP1.44 million from GBP1.46 million. Revenue grows 5.2% to GBP30.7 million from GBP29.1 million. Administrative expenses widen to GBP17.1 million from GBP15.8 million. Regarding dividends, firm states: "The board still does not feel that it is an appropriate time to commence paying dividends, as the company continues to invest in its growth strategy". Looking ahead, Microlise expects 2022 profit and revenue to be in line with market expectations. Adds that it made progress in the mergers & acquisitions area. Chief Executive Officer Nadeem Raza anticipates growing demand for its technology.
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SpaceandPeople PLC - Glasgow-based AIM-listed retail, promotional and brand experience specialist - Half-year loss widens as costs in the UK and Germany increase. Pretax loss in the six months to June 30 widens to GBP377,00 from GBP266,000 a year ago. Revenue doubles to GBP2.4 million from GBP1.1 million. Cost of sales widen to GBP869,000 from GBP292,000. Administrative expenses increase to GBP2.0 million from GBP1.8 million. Other operating income falls to GBP132,000 from GBP704,000. Cites issues affecting UK and German economies. Looking ahead, Chief Executive Officer Nancy Cullen says: "We are, however, a resilient business with diverse income streams. We have traded successfully through economically challenging conditions in the past and I have every confidence that we will continue to do so."
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By Tom Budszus; [email protected]
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