4th Dec 2024 13:40
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and Wednesday and not separately reported by Alliance News:
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Treatt PLC - Suffolk-based extracts and ingredients manufacturer - Pretax profit in year to September 30 increases by 36% to GBP18.5 million from GBP13.5 million and revenue is up 3.8% on-year to GBP153.1 million from GBP147.4 million. Treatt lifts its final dividend by 6.4% to 5.81p from 5.46p and its total dividend is 5.0% higher at 8.41p from 8.01p. The firm is optimistic about the business prospects going forward noting an opportunity to leverage its strengths through more revenues in existing, adjacent and new markets. Chief Executive Officer David Shannon said: "We made great progress, with growth in both sales and profit, boosted by a really strong revenue performance in the second half, up 13%. And I am particularly pleased that we have brought net debt right down thanks to our strong cash generation, with further momentum to be cash positive in the new financial year."
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Fairview International PLC - operator of international schools following the International Baccalaureate curriculum - Pretax profit improves 4.2% in the year to June 30 to GBP1.9 million from GBP1.8 million. Revenue growth matches this 4.2% increase, rising on-year to GBP5.0 million from GBP4.8 million, driven by an on-year increase in student numbers by 12% to 773 from 689. Chair Daniel Chian said: "I am pleased to report Fairview's first financial results published since our IPO in October. These results of the operating group are a pro forma of our two subsidiary companies but are representative of Fairview International's performance for the period under review. As education establishments around the world recover from the restrictions during the Covid period, our performance illustrates the financial capabilities of our schools. The key driver for everything we do is student numbers and a 12% increase across the year is particularly pleasing."
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Oxford Metrics PLC - Oxford, England-based smart sensing and software company that provides services to life sciences, entertainment and engineering markets - Full-year pretax profit declines 62% to GBP2.8 million from GBP7.3 million the prior year. Revenue drops 6% to GBP41.5 million from GBP44.2 million as pipeline conversion in Vicon fell below expectations in September, typically its busiest month. Board says it is committed to progressive dividend policy and proposes 18% on-year increase in its final dividend to 3.25p per share from 2.75p the year before. It says trading in the first months of financial year 2025 has been in line with management expectations, with it noting a healthy pipeline and orderbook. Chief Executive Imogen O'Connor says: "Against an exceptionally strong prior year comparator where our teams delivered more camera systems than ever before, the trend of extended buying really developed in September - historically our busiest month - impacting the overall result today."
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Chelverton UK Dividend Trust PLC- investor in mid to small-cap companies - says half-year net asset value is up 3.1% to GBP34.5 million at October 31 from GBP33.5 million at April 30. NAV per share is up 0.8% over the same period to 156.8p from 155.6p the prior year. The trust says the total return on group net assets over the six months is 0.6%, improving from minus 24% the previous year. It expects to maintain its level of dividend for third and fourth quarter at 3.25p, increasing its total core annual dividend by 3.2% to 13.0p from 12.6p. The trust says that: "Whilst we await the effects on economic growth of the measures delivered by the budget, we believe that as we move into the new year and all of the elections are left behind there are prospects for growth in the UK economy, further modest interest cuts and a stable level of inflation. These market conditions are historically very good for UK equities and in particular the small and mid-cap sector."
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By Christopher Ward, Alliance News slot editor
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