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EARNINGS UPDATES: FD Technologies swings to annual loss

23rd May 2023 14:39

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


Victorian Plumbing Group PLC - Online specialist bathroom retailer - Posts revenue of GBP146.8 million for the six months ended on March 31, up 10% from GBP133.9 million the year before. Pretax profit surges to GBP5.6 million from GBP2.7 million, as operating profit rises 90% to GBP5.5 million from GBP2.9 million. Says total orders increase to 482,000 for the period from 453,000 a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation rise to GBP9.9 million, up 48% from GBP6.7 million the year before. Declares an interim dividend of 0.45 pence each compared to none a year prior. Looking ahead, says consumer demand in April and the early part of May remains robust, with "order volume led growth and continued increase in market share".


Engage XR Holdings PLC - Waterford, Ireland-based virtual reality software and technology group - Records total revenue of EUR3.9 million for 2022, up 62% from EUR2.4 million in 2021. Pretax loss, however, widens to EUR6.0 million from EUR3.1 million, as administrative expenses rise to EUR9.1 million from EUR5.0 million a year earlier. Loss before interest, tax, depreciation and amortisation widens to EUR5.8 million from EUR2.8 million, primarily driven by increased headcount. Looking ahead, says first quarter revenue figure 40% higher than the same period in 2022.


FD Technologies PLC - County Down, Northern Ireland-based group comprising several data-driven businesses, including technology and digital solutions providers KX, First Derivative, and MRP - Revenue for the year ended on February rises 12% to GBP296.0 million, from GBP263.5 million the year before. Swings to pretax loss of GBP1.2 million from a profit of GBP9.0 million, as restructure and non-operational costs rise to GBP8.7 million from GBP3.1 million the year before. Looking ahead, expects revenue for financial 2024 to be in the range of GBP315 million to GBP325 million, with adjusted earnings before interest, tax, depreciation and amortisation in the range of GBP38 million to GBP40 million, up from GBP34.8 million in financial 2023. Adjusted Ebitda rose 12% from GBP31.0 million in prior financial year.


CT Private Equity Trust PLC - London-based trust seeking long-term capital growth through investment in private equity assets - For the three months ended on March 31, net asset value per share amounts to 702.47 pence each, up from 637.78p each on the same date a year earlier. NAV total return for the quarter is negative 0.2%. Declares a quarterly dividend of 6.95 pence per share. Looking ahead, says: "The current flow of realisations which has continued very well so far this year indicates underlying momentum in the portfolio maintaining our confidence that Shareholders will continue to benefit as the year progresses."


By Xindi Wei, Alliance News reporter

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