7th Jul 2021 22:00
(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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Robert Walters PLC - London-based recruitment consultant - 2021 profit will be significantly ahead the level signalled in the trading update on June 11, when it said profit would be materially above market expectations. That's after the company made GBP89.0 million gross profit in the second quarter of 2021, up 25% year-on-year from GBP71.1 million. Momentum accelerated in the quarter with June particularly strong, company says.
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Entain PLC - London-based gambling provider - Signs five-year GBP590 million revolving credit facility, replacing the current GBP535 million facility due to expire in March 2023. Launches refinancing and extension of USD774 million first lien term loan B, in tandem with a new EUR300 million first lien term loan B.
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Enteq Upstream PLC - Buckinghamshire-based oil and gas services provider - Revenue falls 53% to USD5.1 million in year ended March 31, from USD10.9million in previous year. Pretax loss narrows to USD1.2 million from USD7.8 million. Drop in sales attributed to pandemic. Does not declare dividend. Enteq says it is well-positioned to support current and future activities. Proposes name change to Enteq Technologies PLC as this better reflects the company's strategy to develop drilling technologies.
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Quartix Technologies PLC - Cambridge-based vehicle tracking devices maker - Expects to report GBP12.5 million revenue in the first half of 2021, down 4.6% year-on-year from GBP13.1 million. Adjusted earnings before interest, tax, depreciation and amortisation expected to fall 41% to GBP2.7 million from GBP4.6 million. Sourcing electronic components has been challenging, with higher costs and larger orders needed. Quartix has secured its production supplies and remains confident of doing so for the rest of the year.
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Woodbois Ltd - Guernsey-based timber trader - Revenue falls 4.7% year-on-year to USD8.2 million in first half of 2021, from USD8.6 million, company says in a trading update. Gross profit margin was 20% versus 8% for the whole of 2020. Expects revenue and margin to grow when the freight shipping industry normalises, forecast for later this year or early 2022. Target to become cashflow positive and profitable in 2021 remains on track.
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Accesso Technology Group PLC - Reading-based e-ticket provider - Year-to-date revenue is significantly ahead of expectations thanks to pent-up demand. As a result, the company expects 2021 revenue of over USD100 million. Accesso is depoying additional resources to winning new clients after seeing an uptick in demand from potential customers.
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By Ivan Edwards; [email protected]
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