The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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City Pub Group PLC - London-based pub operator - Posts revenue of £57.8 million for the year ended on December 25, up 63% from £35.4 million the year before. Swings to pretax profit of £3.6 million from £3.1 million the year before. Administrative expenses increase to £42.5 million from £35.1 million. Looking ahead, City Pub notes encouraging performance in the first three months of 2023, with like-for-like sales compared to 2022 in excess of 13% and ahead of expectations. Chair Clive Watson says: ‘The group has achieved a pleasing performance through 2022, demonstrating the strength of our adaptable model and ability to recover following Covid and through the challenging conditions of the last year.’
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LifeSafe Holdings PLC - fire safety technology firm - Revenue is £4.0 million for 2022, up from £670,000 in 2021, exceeding previous market expectations. Underlying pretax loss is £1.4 million, unchanged year-on-year. ‘This was a phenomenal achievement against a worsening domestic and international macro-economic landscape as the year progressed’, the firm says. Pretax loss widens to £3.0 million from £1.5 million, as administrative expenses increase to £5.1 million from £1.9 million in 2021. Looking ahead, LifeSafe notes a strong start to 2023 with sales ahead of budget and over four times those of the first two months of 2022.
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Sportech PLC - Bristol-based betting technology company - Revenue is £26.0 million for 2022, up from £22.9 million in 2021. In particular, F&B revenue is £3.4 million, up from £2.1 million. Pretax loss widens to £934,000 from £246,000 a year earlier. Incurs an impairment of goodwill of £517,000, compared to none in 2021. Chair Richard McGuire says: ‘2022 was a year of consolidation and progress and the team are excited about the potential in 2023.’
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Property Franchise Group PLC - Bournemouth, Dorset-based lettings and estate agency franchising - Posts revenue of £27.2 million for 2022, up 13% from £24.0 million in 2021. Adjusted earnings before interest, tax, depreciation and amortisation amounts to £11.8 million, up 14% from £10.4 million. Pretax profit increases by 38% to £8.8 million from £6.4 million, as diluted earnings per share increases to 22.5 pence from 11.3p a year earlier. Declares final dividend of 8.8 pence per share, up from 7.8p. Total dividend amounts to 13.0 pence per share, up 12% from 11.6p a year prior. Looking ahead, says the first quarter of 2023 has been slightly ahead of expectations with regards to revenue and profit. Says it is confident of delivering growth in 2023 and beyond.
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