9th Mar 2023 14:29
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Forterra PLC - Northampton, England-based building product manufacturer - Posts revenue of GBP455.5 million for 2022, up 23% from GBP370.4 million a year earlier. Pretax profit is GBP72.9 million, up 28% from GBP56.8 million, as operating profit rises by 25% to GBP75.0 million from GBP60.1 million in 2021. Earnings before interest, tax, depreciation and amortisation amounts to GBP91.5 million, up 20% from GBP76.5 million a year earlier. Declares a total dividend of 14.7 pence per share, up 49% from just 9.9p a year prior. Looking ahead, says 2023 expectations are unchanged. "The short-term outlook for the UK housing market remains uncertain. We saw signs of softening demand towards the end of 2022, and this continued into 2023, partly driven by customer inventory reduction. Whilst we expect demand for our products to fall in 2023 relative to 2022, we are encouraged by falling mortgage rates and recent reports of improving reservation rates," Chief Executive Officer Stephen Harrison says.
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Oriole Resources PLC - Exploration company focused on West Africa - Pretax loss for 2022 widens to GBP2.0 million from GBP1.6 million in 2021, as administrative expenses increase to GBP1.2 million from GBP1.1 million. Operating loss is GBP540,000, compared to GBP1.4 million in 2021. CEO Tim Livesey says: "We are pleased to celebrate yet another year of exploration success in Cameroon in 2022."
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Bens Creek Group PLC - mining company focused on North America - Says Murat Erden to resign as chief financial officer after one year with the firm, effective from July 12. Erden says he will no longer be able to commit to the CFO role due to the two earthquakes and associated aftershocks which have badly affected his hometown in Turkey. "We wholeheartedly thank Murat for his contribution to the growth of Bens Creek, we are hugely saddened by the events in his hometown within Turkey," says Chief Executive Officer Adam Wilson.
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Silver Bullet Data Services Group PLC - London-based provider of digital transformation services and products - Says it has delivered a strong operational performance with earnings before interest, tax, depreciation and amortisation in line with expectations for 2022, along with year-on-year revenue growth of over 50%. In the fourth quarter of 2022, records GBP3.4 million of books, which will flow into 2023. Says continues to trade well while managing its business model and cost base in lien with macro environment. Expects to announce results for 2022 on May 30.
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Strategic Equity Capital PLC - specialist alternative equity trust, maintaining a portfolio of UK smaller companies - Net asset value per share stands at 293.08 pence per share as at December 31, down 7.3% from 316.21p at June 30. NAV total return in the six months is negative 6.7%, underperforming the FTSE Small Cap total return index of negative 1.1%. This is compared to a positive 1.9% in the same period a year earlier. Declares no dividend for the period, unchanged from a year prior. "Weaker market conditions and an uncertain economic backdrop in the UK and globally will inevitably throw up more challenges as 2023 progresses," Strategic adds.
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By Xindi Wei, Alliance News reporter
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