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The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
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SigmaRoc PLC - London-based quarried materials company - Says revenue for the 11-month period ended on November 30 is up 20% to £498 million year-on-year on a like-for-like basis. ‘Demand conditions have evolved broadly as expected across market segments, with the group benefitting from its broad end market and geographic diversification’, it explains. Says it expects to report revenue and earnings before interest, tax, depreciation and amortisation for 2022 to be ahead of consensus estimates. Confirms 2023 outlook unchanged.
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Springfield Properties PLC - housebuilder in Scotland - Says revenue is expected to increase in the first half of financial 2023 and remains on track for good revenue growth for the full year. But it says it is taking a cautious approach to expectations of future sales rates as a result of the ‘continued market uncertainty’. Expects profit before tax for the financial year be to below that of last year due to the Scottish government’s introduction of a temporary rent freeze. Looking ahead, says it is focused on ‘maintaining tight cost control during this volatile period’.
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K3 Capital Group PLC - Bolton, England-based professional advisory services firm, focused on M&A, tax and restructuring - Expects to report revenue in the region of £42 million during the first six months of financial 2023, up from £31.2 million the year before, ‘delivering profits in line with expectations’, it says. Says it is confident of meeting full-year guidance. ‘Our Restructuring division continues to see an uptick in activity levels and this is clearly a strong indicator of growing demand as the headwinds seen across the restructuring market now turn to tailwinds’, says Chief Executive Officer John Rigby.
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Bigblu Broadband PLC - London-based broadband provider - Says total revenue is up 15% for the year ended November 30 to £31.2 million from £27.1 million the year before. Adjusted earnings before interest, tax, depreciation and amortisation amounts to £5.0 million, slightly up from £4.6 million after investment in New Zealand and new product launches in Norway. Looking ahead, says its confident of realising return in new Norwegian joint venture.
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By Xindi Wei, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
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