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 £1.8 million from £3.0 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 £24.5 million from £22.8 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 $800,000 from $1.1 million the year before, through a combination of lower overheads and 43% growth in revenue to $7.3 million from $5.1 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 $104 from $61.
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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 £58 million, up 16% from £50.2 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 £2.6 million from £2.0 million the year before, as a result of higher costs more than offsetting 10% revenue growth to £20.1 million, as the Training & Implementation segment grew 31% to £3.4 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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