15th Aug 2024 10:41
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.
----------
SMALL-CAP - WINNERS
----------
Rank Group PLC, up 7.1% at 75.00 pence, 12-month range 60.40p-99.80p. For the year ended June 30, the Maidenhead-headquartered gambling firm swings to pretax profit of GBP15.5 million from a GBP123.3 million pretax loss the year prior. Revenue increases 7.7% to GBP734.7 million from a restated GBP681.9 million, while cost of sales fall 18% to GBP425.8 million from GBP521.3 million. The firm also resumes dividend payments, with a final dividend for the year of 0.85p per share. Chief Executive John O'Reilly says: "We have started the new financial year as we finished the previous one, with good momentum across all businesses. With inflation receding, disposable incomes improving, investment continuing to be made in the customer proposition and a strong pipeline of growth initiatives underway, we are confident in the future prospects of the group."
----------
SMALL-CAP - LOSERS
----------
Capital Ltd, down 4.5% at 85.38p, 12-month range 74.00p-105.61p. For the six months ended June 30, posts revenue of USD169.4 million, up 9.8% from USD154.3 million a year prior. However, pretax profit falls 30% to USD16.3 million from USD23.4 million, and earnings before interest, tax, depreciation and amortisation decline 2.3% to USD42.9 million from USD43.9 million. Operating profit is down 12% to USD25.0 million from USD28.4 million. Basic earnings per share fall 46% to 4.7 cents from 8.9 cents. Nevertheless, Capital maintains its interim dividend at 1.3 US cents per share, and full-year guidance of revenue between USD355 million and USD375 million.
----------
By Holly Beveridge, Alliance News senior reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.
Related Shares:
RankCapital