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The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Zotefoams PLC - London-based maker of industrial plastics - The lightweight foams maker says revenue in the third quarter of 2022 was up 27% year-on-year. It now expects 2022 adjusted pretax profit to be ‘significantly ahead’ of market expectations, which currently stands at £9.3 million. Pretax profit was £7.0 million in 2021 and operating profit was £8.1 million. ‘Both revenues and margins are also seeing an increasing benefit from pricing actions implemented earlier in the year, in response to cost inflation, as well as from a weaker sterling exchange rate, primarily against the US dollar,’ it says. Looking ahead, Zotefoams says demand entering the final quarter remains encouraging, and there is good visibility of confirmed orders for the remainder of 2022.
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Treatt PLC - Suffolk, England-based manufacturer and supplier of extracts and ingredients for the beverage, flavour and fragrance industries - Says continues to expect pretax profit before exceptional items of between £15.0 million and £15.3 million for the financial year that ended September 30. It also expects revenue growth of 13% to £140 million, in line with market expectations. This is up from £124.3 million the year before. Says this performance ‘was driven in particular by our Citrus, Synthetic Aroma and Health & Wellness categories’. Its ‘progressive dividend policy’ is unchanged, the company adds. Expects to release annual results on November 29.
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WANdisco PLC - Sheffield-based data-management software company - Posts a surge in bookings in the quarter ended September 30 to $34 million from just $1.4 million year ago. For the nine months ended on the same date, bookings jump to $61.2 million from $3.5 million. ‘Our bookings performance has already exceeded current market consensus estimates for the year’, Chief Executive Officer David Richards says. WANdisco says its full-year bookings now expected to be meaningfully ahead of current consensus expectations.
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Block Energy PLC - London-based oil and gas company focused in Georgia - Production drops to 37.1 thousand barrels of oil equivalent per day in three months ended September 30 from 47.2 thousand barrels of oil equivalent per day the previous quarter. Cash amounts to $1.1 million as at September 30. Says production during the quarter ‘reflected consistent performance from well JKT-01Z and the company's other producing wells’. Over 102,300 operational man-hours worked in the third quarter, with no lost-time incidents.
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