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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Pendragon PLC - Nottingham, England-based automotive retailer - Says revenue for 2022 grows to £3.62 billion from £3.45 billion in 2021. Pretax profit, however, falls by 26% to £45.5 million from £61.5 million, while underlying pretax profit declines by 31% to £57.6 million from £83.0 million. Underlying net finance costs increase by 23% to £40.9 million from £33.3 million a year earlier. Declares no dividend for 2022, same as 2021. Looking ahead, says it is pleased with the first two months of 2023, with underlying operating profit to February ahead of 2022 as volumes in both new and used cars have shown good year-on-year growth. Adds that it is confident in the prospects for the group in the year ahead.
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GCM Resources PLC - Phulbari coal and power project in north-west Bangladesh - Pretax loss narrows to £693,000 for the six months ended on December 31 from £763,000 a year before. Says the most significant expenditure during the period is pre-development expenditure. Administrative expenses ibcrease to £368,000 from £352,000. Looking ahead, warns that Bangladesh’s economy will be disadvantaged by ongoing supply constraints and high prices.
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BioPharma Credit PLC - Exeter-based life sciences debt investor - Reports total income of $218.1 million for 2022, up from $103.9 million in 2021. Net asset value per share amounts to $1.0139 as at December 31, up from $0.9926 on the same a date in 2021. Declares a dividend of 13.1 cents per share for 2022, up 87% from 7.0 cents a year prior. Looking ahead, expects its investment pipeline to grow as new products and companies enter the market in 2023 and beyond.
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Literacy Capital PLC - London-based investment trust focused on opportunities to invest for the long-term in growing private UK businesses - Says net asset value amounts to 420.6 pence per share at December 31, up from 320.0p as at March 31. Net assets amount to £252.4 million for the nine months period. Chief Executive Officer Ricahrd Pindar says: ‘We are pleased with the performance of Book’s portfolio in this nine-month period, with the continued strong trading across its portfolio companies, contributing to a NAV uplift of 31.4%.’ Says portfolio enters 2023 demonstrating strong tailwinds and momentum.
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