Source - Alliance News

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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Inspiration Healthcare Group PLC - Crawley, England-based medical technology company - Posts revenue of £41.2 million for the year ended January 31, up slightly from £41.1 million the year before. Pretax profit, however, drops to £76,000 from £4.0 million, as operating profit falls to £431,000 from £4.3 million a year earlier. Cost of sales rise to £23.1 million from £20.5 million. Maintains final dividend at 0.41 pence per share. Adjusted earnings before interest, tax, depreciation and amortisation amounts to £4.0 million, down from £6.4 million a year before. This reflects gross margin reduction of 44% compared to 50% due to product mix in different territories.

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Andrews Sykes Group PLC - Wolverhampton-based heating and air-conditioning firm - Posts revenue of £83.0 million for 2022, up from £75.2 million in 2021. Pretax profit rises to £21.5 million from £20.1 million. Adjusted earnings before interest, tax, depreciation and amortisation rise to £30.56 million from £28.9 million a year earlier. Looking ahead, says trading momentum has continued into the current year, with ‘overall performance in the year to date in line with the board’s expectations’. The group is confident in its core markets, its revenue and profits.

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Smiths News PLC - Swindon, England-based newspaper and magazine distributor - Records revenue of £550.1 million for the six months ended February 25, up 1.0% from £544.8 million the year before. Pretax profit increases by 12% to £17.1 million from £15.3 million, as earnings per share rise by 9.8% to 5.6 pence per share from 5.1p. Declares an interim dividend of 1.4 pence per share, unchanged from a year earlier. ‘Over the last 12 months, our core sales have benefitted from strong cover price rises across the newspaper sector,’ Smiths News says. ‘This is a pleasing first half performance, founded on the hard work and focused strategy of the last three years. Our results have benefitted from strong revenues but are equally a consequence of robust cost management and the securing of efficiencies that can be sustained over time,’ CEO Jonathan Bunting says.

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