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EARNINGS UPDATES: Microlise and Gattaca swing to annual profit

30th Mar 2023 14:46

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


Tasty PLC - London-based casual dining restaurant operator - Posts revenue of GBP44.0 million for 2022, up 26% from GBP34.9 million in 2021. Swings to pretax loss of GBP6.4 million from a profit of GBP1.2 million. Adjusted earnings before interest, tax, depreciation and amortisation amounts to GBP2.6 million, down from GBP8.0 million in 2021. Declares no dividend for 2022, unchanged from a year prior. Looking ahead, says performance to date is ahead of management expectations. Expects customers to continue to show their loyalty towards its brands - dim t and Wildwood restaurants - and believes "new marketing initiatives and websites will help grow a wider customer base".


Gattaca PLC - Whiteley, England-based recruitment services provider - Reports revenue of GBP194.7 million for the six months ended on January 31, down from GBP202.2 million they year before. Net fee income amounts to GBP22.7 million, up from GBP21.6 million the year before. Says it increases sales productivity due to enhanced group wide management information. Swings to a pretax profit of GBP792,000 from a loss of GBP2.5 million, as profit from continuing operations amounts to GBP611,000, swung from a loss of GBP2.5 million a year before. Looking ahead, Gattaca says it is on track to be a stronger business.


Microlise Group PLC - Nottingham, England-based provider of software-as-a-service transport technology solutions to fleet operators - Reports revenue of GBP63.2 million for 2022, up from GBP60.3 million in 2021. Swings to pretax profit of GBP1.4 million from a loss of GBP800,000, as gross profit rises to GBP37.6 million from GBP34.5 million a year earlier. Recurring revenue rises by 10% to GBP40.5 million from GBP36.7 million. Looking ahead, notes a positive start to the year together with pipeline giving the board confidence in delivering full-year numbers.


IGas Energy PLC - London-based onshore energy company - Posts revenue of GBP59.2 million for 2022, up from GBP37.9 million in 2021. Pretax loss, however, widens to GBP18.4 million from GBP12.3 million. IGas books an oil and gas assets impairment of GBP10.5 million in 2022, compared to none a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation amount to GBP21.1 million, up significantly from GBP5.9 million. Net production averages 1,898 barrels of oil equivalent for the year, impacted by in the first half by "equipment failure caused by supply chain issues, which was subsequently resolved". Expects net production to be about 2,000 boepd in 2023.


By Xindi Wei, Alliance News reporter

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