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 SUMMARY: Ten Entertainment resumes payout on swing to profit

21st Sep 2022 15:03

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

---------

Ten Entertainment Group PLC - ten-pin bowling operator - Swings to a pretax profit of GBP21.0 million from a loss of GBP10.8 million in the six months ended June 26. Revenue surges to GBP63.2 million from GBP10.6 million. The bowling alley operator says it is "delighted" with the growth as last year it benefited significantly from exceptional sales due to UK "staycations" and the initial pent-up demand from the release of Covid restrictions. Notes record-breaking February and May half-term trading in the half, as well as an "exceptional" Easter. Adds the positive sales trend continued to the end of the first half despite a very hot summer when, traditionally, bowling and other indoor activities aren't favoured. Declares an interim dividend of 3.0p per share, compared to none a year prior.

---------

TP Group PLC - Wincanton, England-based consulting, software and engineering company - Posts revenue of GBP24.3 million in the six months to June 30, up slightly from GBP23.5 million a year earlier. Pretax loss amounts to GBP621,000, narrowed from GBP1.9 million. Says in talks with potential buyer of Westek business continues, and its TPG Services division is operating in line with management expectations.

---------

Strategic Minerals PLC - London-based exploration and production company - Posts revenue of USD1.3 million in the six months to June 30, down 13% from USD1.5 million a year earlier. Pretax profit drops to USD268,000 from USD388,000, reflecting "reduced sales in the period".

---------

Aurora Investments Trust PLC - investment trust managed by Phoenix Asset Management Partners - Net asset value per share declines by 9.1% to 209.86 pence as at June 30 from 230.90p a year ago. NAV total return amounts to negative 17% in the half-year to June 30, against the FTSE All-Share benchmark's negative 4.6%.

By Xindi Wei; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.

FTSE 100 Latest
Value7,952.62
Change0.00