18th Apr 2023 14:44
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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City Pub Group PLC - London-based pub operator - Posts revenue of GBP57.8 million for the year ended on December 25, up 63% from GBP35.4 million the year before. Swings to pretax profit of GBP3.6 million from GBP3.1 million the year before. Administrative expenses increase to GBP42.5 million from GBP35.1 million. Looking ahead, City Pub notes encouraging performance in the first three months of 2023, with like-for-like sales compared to 2022 in excess of 13% and ahead of expectations. Chair Clive Watson says: "The group has achieved a pleasing performance through 2022, demonstrating the strength of our adaptable model and ability to recover following Covid and through the challenging conditions of the last year."
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LifeSafe Holdings PLC - fire safety technology firm - Revenue is GBP4.0 million for 2022, up from GBP670,000 in 2021, exceeding previous market expectations. Underlying pretax loss is GBP1.4 million, unchanged year-on-year. "This was a phenomenal achievement against a worsening domestic and international macro-economic landscape as the year progressed", the firm says. Pretax loss widens to GBP3.0 million from GBP1.5 million, as administrative expenses increase to GBP5.1 million from GBP1.9 million in 2021. Looking ahead, LifeSafe notes a strong start to 2023 with sales ahead of budget and over four times those of the first two months of 2022.
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Sportech PLC - Bristol-based betting technology company - Revenue is GBP26.0 million for 2022, up from GBP22.9 million in 2021. In particular, F&B revenue is GBP3.4 million, up from GBP2.1 million. Pretax loss widens to GBP934,000 from GBP246,000 a year earlier. Incurs an impairment of goodwill of GBP517,000, compared to none in 2021. Chair Richard McGuire says: "2022 was a year of consolidation and progress and the team are excited about the potential in 2023."
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Property Franchise Group PLC - Bournemouth, Dorset-based lettings and estate agency franchising - Posts revenue of GBP27.2 million for 2022, up 13% from GBP24.0 million in 2021. Adjusted earnings before interest, tax, depreciation and amortisation amounts to GBP11.8 million, up 14% from GBP10.4 million. Pretax profit increases by 38% to GBP8.8 million from GBP6.4 million, as diluted earnings per share increases to 22.5 pence from 11.3p a year earlier. Declares final dividend of 8.8 pence per share, up from 7.8p. Total dividend amounts to 13.0 pence per share, up 12% from 11.6p a year prior. Looking ahead, says the first quarter of 2023 has been slightly ahead of expectations with regards to revenue and profit. Says it is confident of delivering growth in 2023 and beyond.
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By Xindi Wei, Alliance News reporter
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