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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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Ebiquity PLC - London-based marketing and media consultancy - Posts a 16% rise in revenue to £37.2 million in the six months to June 30, from £32.0 million a year ago. Says underlying operating profit margin almost doubles to 13.3% from 7.1% a year ago. Pretax loss, however, widens to £1.3 million from £1.1 million. ‘This reflected the increase in highlighted items before tax to £6.0 million from £3.2 million, of which the largest element was the accrual for the [Digital Decisions BV acquisition] post-date remuneration’, the firm explains. Looking ahead, the firm expects full-year results to be in line with the board's expectations.
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Venture Life Group PLC - Berkshire, England-based self-care product manufacturer and distributor - Pretax loss widens to £241,000 in the six months to June 30, from £40,000 a year ago, as administrative expenses increase by 56% to £7.0 million from £4.5 million. Revenue, meanwhile, rises 36% to £18.9 million from £13.9 million. Adjusted earnings before interest, tax, depreciation and amortisation jumps by 74% to £3.3 million from £1.9 million a year ago. Looking ahead, the firm expects to deliver full-year revenue and adjusted Ebitda in line with expectations.
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PensionBee Group PLC - London-based online pension provider - Says pretax loss widens to £16.9 million in the six months to June 30, from £12.8 million the previous year, reflecting the ‘planned increased investment in marketing, the technology platform and people to drive rapid growth’. Revenue, meanwhile, rises by 53% to £8.3 million from £5.4 million. PensionBee notes high levels of growth in line with its last trading update. Assets under administration at June 30 rises 35% to £2.68 billion from £1.99 billion at the same time a year prior. Active customers jumps 59% to 246,000 from 155,000 year-on-year. Does not pay a dividend. Firm notes macroeconomic uncertainty moving forward but remains confident of its medium-term objectives, including monthly adjusted earnings before interest, tax, depreciation, amortization by the end of 2023.
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Life Science REIT PLC - life science property investor - Posts a surge in revenue to £6.3 million in the six months to June 30, from £532,000 between August 1 to December 31 last year. Pretax profit, however, declines by 10% to £6.9 million from £7.7 million, as administrative expenses jump to £2.6 million from £834,000. Declares and interim dividend of 1.0p per share as it continues to target a dividend yield of 4.0%. Says it looks toward the second half of the year with confidence. NAV [er share rises to 102.1p on June 30, from 100.2p at end of December.
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Water Intelligence PLC - London-based leak detection services company - Posts revenue of $35.6 million in the six months to June 30, up 44% from $24.7 million a year ago. The firm says Network sales grow by 13% to $85 million from $75.5 million a year earlier. Pretax profit falls 39% to $3.5 million from $5.7 million, as administrative expenses jump to £26.7 million from £16.0 million. Says well-positioned for future despite inflation and recession.
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DeepVerge PLC - Dublin-based environmental and life science group - Pretax loss narrows to £2.4 million in the six months to June 30, from £2.6 million a year ago, as revenue surges by 94% to £6.4 million from £3.3 million. Operational losses fall to £2.2 million from £2.3 million a year ago due to an increase in gross profit to 56.4% from 52.4% on higher revenue. Looking ahead, DeepVerge expects demand for products and services across the company to continue well into 2023.
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Distribution Finance Capital Holdings PLC - Manchester-based bank providing personal savings products and working capital to dealers and manufacturers - Posts revenue of £10.5 million in the six months to June 30, up from £6.1 million a year ago. Loan book surges to £308.7 million from £166.8 million. Swings to a pretax profit of £16,000 from £2.3 million. Total operating income increases to £8.6 million from £5.3 million a year ago. Says it is well-placed to manage its business risks successfully within the expected economic outlook.
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