The following is a round-up of earnings by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Beeks Financial Cloud Group PLC - Glasgow-based cloud computing and connectivity provider - Swings to pretax profit of £158,000 in the six months to December 31, from a loss of £762,000 a year prior. Revenue climbs 25% to £13.0 million from £10.4 million. Cost of sales increase 31% to £8.2 million from £6.2 million, while admin expenses decrease 4.2% to £4.7 million from £4.9 million. Looking ahead, Chief Executive Officer Gordon McArthur says the company is confident as it was underlining ‘the size of the opportunity we are addressing. Financial markets are still only at the start of the journey to the cloud. With our proven offering and growing tier 1 customer base, which includes some of the largest financial organisations in the world, as well as our increasing profit margins and cash generation, we have never been better placed to seize the opportunity. Our focus for the second half remains the conversion of our significant pipeline.’
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dotdigital Group PLC - London-based online marketing company - Pretax profit edges down negligibly to £7.38 million in the six months to December 31, from £7.42 million a year prior. Revenue however grows 15% to £38.7 million from £33.8 million. Cost of sales increase 14% to £8.0 million from £7.1 million. Administrative expenses increase 16% to £22.4 million from £19.2 million. Looking ahead, the company says it enters the second financial half ‘with good trading momentum and the ability to attract higher value deals, underpinned by continuous product enhancements to drive cross- and up-sells from the existing base.’ It adds: ‘We remain confident in the group’s ability to continue to execute against its stated strategy and meet market expectations.’
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MaxCyte Inc - Maryland, US-based provider of cell engineering platform technologies developing ‘next-generation cell therapeutics’ - Confirms 2023 results it had announced in January. Further, expects core revenue growth of between none and 5% in 2024 compared to 2023. Expects strategic platform license programme-related revenue of around $3 million for the year, down sharply from $11.4 million in 2023. CEO Maher Masoud says: ‘As we continue to expand our SPL portfolio this year, we remain confident in our ability to support our current and prospective clients as new waves of next-generation cell therapies come to market.’
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Origin Enterprises PLC - Dublin-based agronomy services firm - Pretax profit dives 96% to €5.3 million in the six months to January 31, from €13.3 million a year prior. Revenue drops 28% to €854.9 million from €1.18 billion. Notes an expected correction in global feed and fertiliser raw materials regarding decline in revenue. Despite the results, maintains interim dividend at 3.15 euro cents per share. Looking ahead, says on-farm sentiment remains cautious as growers shift towards spring planting and seek to optimise yields from a reduced autumn/winter planted area. Further, expects financial 2024 earnings per share between 44 and 49 euro cents, reflecting adverse weather. This compares to EPS of 45.24c Origin Enterprises had reported for financial 2023.
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Thor Energy PLC - US and Australia-focused mineral exploration company - Pretax loss widens to £2.3 million in the six months to December 31, from £8,000 a year prior. Posts no revenue. Notes costs regarding a write off of exploration assets of around £1.9 million in the most recent half-year, compared to no such cost a year prior. Managing Director Nicole Warland says: ‘After ending the year with consistent high-grade uranium results from our 2023 drilling program, we are optimistic about our 2024 drilling programs as we continue to strategically position our portfolio towards advancing our ’green energy’ projects in the US.’ She adds: ‘With a strong pipeline of news flow expected for the coming months and project milestones across the portfolio, we anticipate 2024 to provide significant progress in our key assets and we will provide further updates in due course.’
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Time Out Group PLC - Global media and hospitality business - Pretax loss narrows 63% to £4.6 million in the six months to December 31, from £12.5 million a year prior. Revenue falls 2.4% to £52.5 million from £53.8 million. However, like-for-like revenue in constant currency climbs 6.9% to £54.9 million from £51.4 million. Time Out says it has made ‘significant’ further progress in driving profitability and operational cash generation. It says it has several potential growth avenues, citing collaboration with leading landlords and developers.
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