The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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Harland & Wolff Group Holdings PLC - London-based offshore construction company - Revenue in first six months of the year climbs to £15.4 million from £4.1 million last year. Pretax loss widens to £17.6 million from £9.3 million last year. Says it will not declare an interim dividend. Continues to maintain full-year revenue guidance of between £65 million and £75 million by the end of financial year 2022. Says it is seeing a ‘significant’ increase in revenue from key projects that were contracted at the beginning of third quarter, as well as the fourth quarter being the ‘peak’ cruise and ferry repair season. ‘After a slow start this year, we have now gained significant momentum with the rapid execution of three major contracts. As we announce these interim results, we have a backlog of over £100 million, a record level for the company, affording us strong future visibility of revenue.,’ says Chief Executive John Wood.
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Challenger Energy Group PLC - Caribbean and Atlantic-margin focused oil and gas company - Says net petroleum revenue in first half of 2022 was up to $2.7m compared to $2.3 million in the same period in 2021. Swings to pretax profit $4.3 million, compared to a loss of $11.8 million last year. Finance costs fall to $275,000 from $5.5 million year-on-year.
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IDE Group Holdings PLC - Edinburgh-based network, cloud and IT managed services - Posts revenue for first six months of 2022 of £6.7 million compared to £7.6 million last year. Pretax loss widens to £1.2 million from £120,000 in 2021. Says it is pleased with trading as it builds towards a profitable cash year. Expects full-year financial year 2022 results to be in line with financial year 2021 results, on a like for like basis. ‘The first six months of the year has been a period of laying the foundations for future growth, following the disposal of the Connect division. The group has taken advantage of this period to continue to restructure the operational side of the business and focus on expanding our network of partners,’ says Non-Executive Chair Andy Parker.
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Mirada PLC - Surrey, England-based broadcasting technology firm - Revenue in financial year to March 31 falls to $11.0 million, from $11.1 million last year. Pretax loss narrows to $2.9 million from $3.2 million. Financial year 2022 staff costs narrow to $6.5 million from $7.1 million, whilst total admin expenses narrow to $13.0 million from $13.4 million. Says outlook remains unchanged and that the new financial year will be ‘one of significant commercial progress’. Adds that it has a ‘record’ sales pipeline. ‘We have invested heavily and developed several strategic initiatives ahead of the curve that position us at the centre of emerging TV and video service trends. Assuming the worst of the pandemic is now behind us, I am confident Mirada is equipped to return to its pre-Covid trajectory and grow in a meaningful and sustainable way,’ Chief Executive Jose-Luis Vazquez adds.
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