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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HSS Hire Group PLC - Manchester-based tool and equipment rental firm - Revenue in 26 week period to July 2 climbs 9.3% to £159.9 million, from £146.3 million in the same period last year. Pretax profit declines to £6.5 million from £6.8 million year-on-year. Reinstates interim dividend, with a 0.17 pence per share payout. Says that this reflects confidence in its long-term growth strategy. Says it has seen revenue growth of 10% in the third quarter to date, with earnings before interest, tax, depreciation and amortisation in line with management expectations. Also remains confident that full-year Ebita will be in line with market expectations, whilst remaining mindful of macroeconomic backdrop. ‘Whilst uncertainty remains, the construction output forecasts in the market continue to point to growth in 2023 and 2024. We are confident that should the outlook worsen, our flexible, low-cost business model and strong balance sheet puts us in the best possible position to outperform the sector,’ the company adds.
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Made.com Group PLC - London-based online furniture retailer - Revenue in first six months of 2022 rises 4.2% to £178.2 million from £171.0 million year-on-year. However, pretax loss widens to £35.3 million from £10.1 million in the same period last year. Distribution expenses climb to £47.4 million, compared to £33.8 million last year. Looking forward, the company says it has withdrawn its full-year guidance, due to the volatile trading environment in the UK and Europe. ‘The group has faced a significant reduction in demand which has been difficult for the business and its stakeholders. Although we took immediate action to adjust inventory levels and control costs and have launched a transformation plan that will make the business more agile and resilient, we believe that the decision we have taken to launch the Strategic Review and Formal Sale Process, is the best route to protect shareholder value,’ says Chief Executive Nicola Thopmson.
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Supply@Me Capital PLC - London-based inventory monetisation platform - Revenue in the first six months of 2022 falls to £209,000, from £271,000 in the same period last year. Pretax loss widens to £6.3 million, compared to £1.7 million year-on-year. Does not declare a dividend and says it does not foresee a dividend being payable in the next financial year, as it continues to concentrate on growing its market share and enhancing its technology and capabilities. Says it expects to start building a ‘track record’ from its inventory monetisation division, after its first transaction was executed in August. ‘The SYME team continues to work tirelessly to manage and develop our pipeline of corporate clients, and engage with potential third-party Inventory Funders that have expressed an interest in the IM asset class, through the group’s innovative Platform,’ Chief Executive Alessandro Zamboni continues.
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Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Revenue in first half of 2022 climbs to $523,000 from $347,000 in the first half of 2021. Pretax loss narrows to $749,000 from $3.3 million year-on-year. Looking ahead, says it is in the ‘best shape’ it has been for many years, following three ‘major’ milestones since the start of the year. ‘Amidst continued global uncertainty and material domestic pressures, we continue to believe a responsibly developed Sea Lion oilfield could provide both a meaningful source of financial benefit to the Falkland Islands, and a strategically and financially important resource to the United Kingdom,’ says Chair Keith Lough.
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