The following is a round-up of updates by London-listed companies, issued onWednesday and not separately reported by Alliance News:
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LSL Property Services PLC - Newcastle-based estate agency - Revenue for the six months to June 30 declines 3.0% to £160.9 million from £166.5 million a year prior, as pretax profit drops 71% to £7.4 million from £25.5 million. Says residential sales exchange pipeline conversion speed has been slow across the market due to the ‘continuing industry-wide capacity issues in conveyancing. ’Group underlying operating margin is down to 9.0% from 16.0%. Declares interim dividend of 4.0 pence per share, unchanged from last year. Expects operating profit in the second half of the year to be substantially stronger compared to a year ago.
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Goodwin PLC - engineer based in Stoke-on-Trent - Says revenue in the year that ended on April 30 rises by 9.9% to £144 million from £131 million the year before, as pretax profit rises by 4.2% to £17.2 million from £16.5 million. Notes the increase in profit be attributed to the ‘growing Refractory Engineering Division activity, whose year-on-year operating profit have grown a further 37% following the 40% growth that was achieved in the prior year.’ Declares dividend of 107.80p per share, up 5.4% year-on-year from 102.24p. Expects the level of dividend payments in line with the current policy to rise, along with the projected rise of profitability.
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Orient Telecoms PLC- Singapore headquartered telecommunication services provider - Revenue in the year that ended on March 31 decreases by 24% to £611,544 from £807,000 the year before, as pretax profit also falls by 58% to £34,719 from £83,572. It cites ‘a loss of business by the end customers due to Covid-related matter’, which affected the annual performance. Says cash at the end of period amounts to £466,623 compared to £391,783 the year before. Expects to report another solid performance towards its medium-term strategy.
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Van Elle Holdings PLC - Nottinghamshire-based geotechnical engineering contractor - For the year ended April 30, pretax profit stands at £3.6 million, swinging from a loss of £1.4 million. This is on revenue which grows 48% year-on-year to £124.9 million from £84.4 million, driven by record activity levels across all divisions, in spite of supply chain challenges over the year. Reinstates payouts with 1.0 pence per share final dividend. Looking ahead, trading momentum continues into current financial year, while supply chain challenges begin to moderate.
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European Assets Trust PLC - invests in European quoted small and medium-sized companies - Net asset value per share as at June 30 drops to 96.47 pence from 146.19p the same date a year prior. For the six month period, net asset value total return is minus 31%, compared to the benchmark EMIX Smaller European Companies (ex UK) index, which made a return of minus 21%. Declares dividend of 8.80 pence per share, up 10% from 8.00p a year prior.
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