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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Alfa Financial Software Holdings PLC - London-based software developer for finance industry - Sees ‘strong’ performance in second quarter of 2022, with ‘very good’ progress made with partner utilisation. Says it is trading in line with its expectations with revenue in the first half of 2022, benefiting from subscription revenue and favourable exchange rates. Cash generation also remains ‘strong’. Says it is confident it will achieve full year market expectations and has the opportunity to exceed them in the second half of 2022. Remains cautious of wider macro-economic uncertainty. ‘The strength of our order book, our sales execution and our pipeline all give us confidence,’ Chief Executive Officer Andrew Denton says.
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GB Group PLC - Chester, England-based identity data intelligence firm - Records ‘record’ revenue and adjusted operating profit ahead of original market expectations in year ended March 31. Says it is well-placed to achieve its strategic and financial objectives in financial year 2023, through ‘sustainable growth opportunities’. The integration of Acuant, which was acquired in financial year 2022, into its US business has continued. Says at least £3 million of planned synergy benefits from Acuant for financial year 2023 have already been implemented. Adds that the US market continues to benefit from favourable US dollar translation, which on an underlying basis largely offsets the impacts of the more challenging macroeconomic conditions.
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Photo-Me International PLC - Surrey-based operator of instant-service equipment, such as photo booths and self-service laundry - Enters relationship agreement with Tibergest PTE Ltd, a company owned and controlled by Serge Crasnianski, Photo-Me CEO and deputy chair. Says a relationship agreement is required as Tibergest is a controlling shareholder and holds more than 30% of Photo-Me shares; Crasnianski interested in 137.9 million shares, a 36% stake.
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SulNOx Group PLC - London-based supplier of fuel conditioners - Appoints Monaco-based Hestia as its distributor. Says Hestia, which works with green technology companies to improve the quality of air, has already bought more than 250 litres of SulNOx with further orders confirmed. Initial orders are for use onboard several superyachts, each more than 70 metres in length. ‘Hestia has some established long-term relationships with the captains, engineers and management companies, who are excited by SulNOx’s proven mechanical benefits and fuel savings from evaluations on ships with similar engines,’ Jimmy Redman, SulNOx inventor and managing director of SulNOx Fuel Fusions, adds
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