Source - Alliance News

CEPS PLC - Bath, England-based investment company focussed on the industrial sector - Posts revenue of £26.4 million for 2022, up from £20.3 million in 2021. Says the increase has resulted from an increase in the underlying businesses, the ‘full 12-month impact of acquisitions made in 2021, along with the partial year impact of an acquisition made in 2022’. Pretax profit rises to £1.3 million from £996,000, as operating profit rises to £2.1 million from £1.6 million a year earlier. Looking ahead, expects inflation to decline sharply by the end of the year. Says the firm has in the first quarter of 2023 has performed ahead of expectations.

Current stock price: 34.06 pence each, down 5.4% on Friday at midday in London

12-month change: down 99%

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