The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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Mincon Group PLC - Shannon, Ireland-based engineering firm - For 2021, pretax profit increases 4.4% to €17.8 million from €17.1 million, on revenue which grows 11% year-on-year to €144.4 million from €129.9 million, with strong performances in all industries, but particularly mining and construction, on a rise in supply contracts in Europe and the Americas. Declares final dividend of 1.05 cents per share, bringing the total payout to 2.10 cents, in line with the prior year.
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Stelrad Group PLC - manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey - For 2021, pretax profit rises 69% to £14.7 million from £8.7 million the year before, aided by further production transfers to a more low-cost Turkish facility and an improved mix of steel panel radiators. Revenue grows 39% year-on-year to £272.3 million from £196.6 million, with double digit rises from all the company’s territories in higher sales volumes and a rise in steel prices. Declares dividend of 0.96 pence per share.
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Zaim Credit Systems PLC - London-based fintech lender serving Russia - For the fourth quarter of 2021, total loans issued more than double year-on-year to £7.8 million from £3.8 million, with the majority of growth coming from loans issued online. For 2021 as a whole, total loans issued more than double to £26.0 million from £10.3 million in 2020.
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JPMorgan Claverhouse Investment Trust PLC - invests in income generating UK companies with a focus on those that provide consistent and growing dividends - Net asset value total return for 2021 stands at 21.5%, outperforming its benchmark the FTSE All-Share Index, which returns 18.3%. As at December 31, net asset value per share rises to 782.4 pence from 672.1p the year before. Declares annual dividend of 30.50p per share from 29.50p.
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Literacy Capital PLC - London-based investment firm - As at December 31, net asset value per share rises to 277.2 pence, up 60% from 141.75p the same date the year before, as the portfolio value increases to £163.6 million from £76.7 million, through strong performances from Grayce and Kernel Global via organic growth. For the year, pretax profit hikes to £81.0 million from £16.7 million the year prior, on income which grew to £85.6 million from £18.6 million.
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Nightcap PLC - London-based bar operator - For the 26 weeks ended December 26, pretax loss widens to £489,858 from £255,559 the same period a year before, mainly due to a hike in administrative expenses to £12.5 million from £1.6 million, which more than offset a jump in revenue to £15.8 million from £2.0 million. On a like-for-like basis, revenue grows 22% compared to the same period in the 2020 financial year. Adjusted earnings before interest, tax, depreciation and amortisation hike to £2.6 million from £626,995. On recent trading, for the nine weeks to February 27, like-for-like revenue growth is 25% on both the same period the year before and the 2020 financial year.
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Craneware PLC - Edinburgh-based company focused on optimising financial performance for healthcare providers - For the six months ended December 31, pretax profit drops 37% to $6.2 million from $9.9 million, due to a hike in operating expenses on increased R&D investment and a $8.9 million charge on the amortisation of intangible assets. Revenue meanwhile more than doubles to $80.2 million from $38.0 million, following the acquisition of Sentry Data Systems Inc in July. Declares interim dividend of 12.5 pence per share, up 4% from 12p the prior year.
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Mid Wynd International Investment Trust - investor in international stocks managed by Artemis - For the six months ended December 31, net asset value total return stands at 10.5%, outperforming the MSCI All Country World index in sterling terms, which returns 7.7%. As at December 31, net asset value per share rises to 829.82 pence from 698.66p. Declares interim dividend of 3.50 pence per share, up 13% from 3.10p a year prior.
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Angus Energy PLC - oil & gas development company - For 2021, pretax loss widens to £15.6 million from £2.5 million, through a charge of £13.1 million on derivative financial instruments. Also generates no revenue, compared to £68,000 the prior year, as the Lidsey oil field was shut down due to problems with the downhole pump during the year as well as low oil prices. Looking ahead, will focus on getting Saltfleetby into production, as well as realise value from Balcombe, Brockham and Lidsey. Company did not recommend a final dividend.
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Fonix Mobile PLC - London-based mobile payments and messaging provider - For the six months ended December 31, pretax profit increases 49% to £5.2 million from £3.5 million, on revenue which grows 16% year-on-year to £28.6 million from £24.6 million, with strong performances from all service lines and new customer contracts signed. Total payment value of mobile payments rises 12% to £138 million from £123 million. Declares interim dividend of 2.00p per share, up from 1.70p the prior year.
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Artemis Resources Ltd - Perth-based miner with gold, copper and cobalt projects in Pilbara region of Western Australia - For the six months ended December 31, pretax loss narrows to A$2.2 million from A$4.3 million, due to a smaller project and exploration write-off of A$551,677 from A$2.1 million. Revenue meanwhile drops to A$21,629 from A$91,017, due to the lack of a government subsidy of A$74,903.
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