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EARNINGS UPDATES: Microlise and Gattaca swing to annual profit

ALN

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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Tasty PLC - London-based casual dining restaurant operator - Posts revenue of £44.0 million for 2022, up 26% from £34.9 million in 2021. Swings to pretax loss of £6.4 million from a profit of £1.2 million. Adjusted earnings before interest, tax, depreciation and amortisation amounts to £2.6 million, down from £8.0 million in 2021. Declares no dividend for 2022, unchanged from a year prior. Looking ahead, says performance to date is ahead of management expectations. Expects customers to continue to show their loyalty towards its brands - dim t and Wildwood restaurants - and believes ‘new marketing initiatives and websites will help grow a wider customer base’.

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Gattaca PLC - Whiteley, England-based recruitment services provider - Reports revenue of £194.7 million for the six months ended on January 31, down from £202.2 million they year before. Net fee income amounts to £22.7 million, up from £21.6 million the year before. Says it increases sales productivity due to enhanced group wide management information. Swings to a pretax profit of £792,000 from a loss of £2.5 million, as profit from continuing operations amounts to £611,000, swung from a loss of £2.5 million a year before. Looking ahead, Gattaca says it is on track to be a stronger business.

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Microlise Group PLC - Nottingham, England-based provider of software-as-a-service transport technology solutions to fleet operators - Reports revenue of £63.2 million for 2022, up from £60.3 million in 2021. Swings to pretax profit of £1.4 million from a loss of £800,000, as gross profit rises to £37.6 million from £34.5 million a year earlier. Recurring revenue rises by 10% to £40.5 million from £36.7 million. Looking ahead, notes a positive start to the year together with pipeline giving the board confidence in delivering full-year numbers.

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IGas Energy PLC - London-based onshore energy company - Posts revenue of £59.2 million for 2022, up from £37.9 million in 2021. Pretax loss, however, widens to £18.4 million from £12.3 million. IGas books an oil and gas assets impairment of £10.5 million in 2022, compared to none a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation amount to £21.1 million, up significantly from £5.9 million. Net production averages 1,898 barrels of oil equivalent for the year, impacted by in the first half by ‘equipment failure caused by supply chain issues, which was subsequently resolved’. Expects net production to be about 2,000 boepd in 2023.

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