6th Jul 2022 14:53
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
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D4T4 Solutions PLC - Middlesex, England-based data management platform company - For the year ended March 31, pretax profit drops 40% to GBP1.8 million from GBP3.0 million, as the gross margin declines to 51.9% from 62.4% due to a mix of revenue, with a higher proportion of third party products sold which have a lower gross margin. Revenue grows 7.3% to GBP24.5 million from GBP22.8 million, on higher third-party product sales and growth from Support & Maintenance. Declares final dividend of 2.07 pence per share, bringing the total payout to 2.92p, up 3.9% from 2.81p. Also declares special dividend of 12.5p. Looking ahead, trading in current financial year is in line with management expectations.
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Enteq Technologies PLC - oil and gas drilling technology company based in Buckinghamshire - For the year ended March 31, pretax loss narrows to USD800,000 from USD1.1 million the year before, through a combination of lower overheads and 43% growth in revenue to USD7.3 million from USD5.1 million. Revenue growth was attributed to an improving North American market, as the rig count rose to 673 as at March 31 from 430 the same date a year prior, and the price of a barrel of West Texas Intermediate oil rose to USD104 from USD61.
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Advanced Medical Solutions Group PLC - Winsford-based surgical dressings - Trading in the first half of 2022 remains strong as healthcare markets normalise. For the six months ended June 20, company expects revenue to reach GBP58 million, up 16% from GBP50.2 million the same period a year before. Looking ahead, company is making good progress with key regulatory and clinical programmes, an example being the US FDA's approval of LiquiBand XL in May.
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abrdn China Investment Company Ltd - invests predominantly in Chinese equities - For the six months ended April 30, reports net asset value total return of minus 21.5%, compared to the MSCI China All Shares Index, which made a total return with minus 16.8%. Net asset value per share drops 22% over the six month period to 637.68p from 813.20p at the end of October 2021. Weaker performance is attributed to China's continued battle against Covid-19, supply chain disruption and the possibility of US-listed Chinese firms being delisted over auditing requirements.
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ActiveOps PLC - Reading, England-based management software firm - For the year ended March 31, pretax loss widens to GBP2.6 million from GBP2.0 million the year before, as a result of higher costs more than offsetting 10% revenue growth to GBP20.1 million, as the Training & Implementation segment grew 31% to GBP3.4 million, returning to pre-pandemic levels. Looking ahead, trading in the current financial year has started in line with management expectations, with the first quarter seeing strong renewals, and a new Asia-Pacific banking customer.
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Zoo Digital Group PLC - Sheffield, England-based cloud software-based subtitling, dubbing and media localisation services provider - Postpones publication of annual results, due to being unable to meet pre-agreed timetable for the approval of results.
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By Dayo Laniyan; [email protected]
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