UK EARNINGS SUMMARY: CareTech's Annual Profit Jumps Nearly 60%

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on ...

Alliance News 3 December, 2020 | 11:33AM
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(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Thursday and not separately reported by Alliance News:

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CareTech Holdings PLC - Potters Bar, Hertfordshire-based social care and education services provider - Revenue in year ended September 30 rises 8.9% to GBP430.0 million from GBP395.0 million. Pretax profit jumps 59% to GBP38.6 million from GBP24.3 million. "In these uncertain times, I am particularly pleased to report this set of results which are ahead of market expectations," Executive Chair Farouq Sheikh says. Final dividend upped by 9.0% to 12.75 pence from 11.7p.

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Marlowe PLC - London-based safety & compliance services firm - Revenue in six months to September 30 falls 4.7% year-on-year to GBP83.3 million from GBP87.4 million. Pretax profit doubles to GBP600,000 from GBP300,000. "Our business model has demonstrated its defensive qualities and we made strong operational progress in the period, with significant margin expansion, the successful execution of integration programmes and enhanced cash generation," Chief Executive Alex Dacre says.

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Oxford Metrics PLC - software company servicing government, life sciences, entertainment and engineering markets - Revenue in the year ended September 30 falls 14% to GBP30.3 million from GBP35.4 million. Pretax profit falls 66% to GBP1.6 million from GBP4.7 million. Chief Executive Nick Bolton says: "As we enter a new financial year uncertainty remains as the pandemic continues. That said, both of our divisions have started the year well, and the combination of our robust financial position and a tailwind from structural growth drivers puts us in a strong position both to navigate any further challenges that may arise and bring forward our growth plans."

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Mirada PLC - London-based broadcasting technology firm - Revenue in six months ended September 30 falls 7.7% year-on-year to USD5.5 million from USD5.9 million. Swings to USD1.6 million pretax loss from USD98,000 profit a year earlier. "We have made considerable operational progress both during and since the period under review. Commercial launches of Android TV and Disney+ were major milestones, further future-proofing our product and providing excellent reference cases," Chief Executive Officer Jose Luis Vazquez says.

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Fulcrum Utility Services Ltd - Sheffield-based multi-utility infrastructure and services provider - Revenue in six months to September 30 flat at GBP19.5 million, but pretax loss stretches to GBP3.7 million from GBP941,000. Total administrative expenses 17% higher year-on-year at GBP8.1 million.

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Clipper Logistics PLC - Leeds-based logistics services provider - Revenue in six months ended October 31 jumps 20% to GBP305.2 million from GBP254.8 million. Pretax profit surges 38% to GBP14.3 million from GBP10.4 million. Declares 4.0 pence per share dividend, up 14% from 3.5p a a year earlier.

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Braveheart Investment Group PLC - Barnsley, England-based strategic investor - Revenue in year ended September 30 multiplies to GBP895,414 from GBP250,058. Swings to pretax profit of GBP449,157 from GBP122,322 loss. "We are delighted with the achievements so far made in the current financial year and are working towards being able to continue this progress in generating further value for our shareholders," Braveheart says. Announces 42.75p per share special payout.

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BMO UK High Income Trust PLC - invests for dividend income plus prospects for capital growth - Net asset value per ordinary share at September 30, end of first half, up 12% to 85.94 pence from 76.66p at the end of March. Posts NAV total return of just under 16%, beating 7.0% return by benchmark. "The outperformance relative to the benchmark has been driven by two factors, excellent stock selection and the beneficial effects of gearing," BMO says.

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Impax Asset Management Group PLC - sustainability-focused investor - Assets under management in year ended September 30 rise 34% to GBP20.2 billion from GBP15.1 billion. Revenue up 19% to GBP87.5 million from GBP73.7 million, but pretax profit falls 12% to GBP16.7 million from GBP18.9 million. Raises payout 56% to 8.6 pence from 5.5p.

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Tritax EuroBox PLC - logistics real estate asset-focused investor - IFRS net asset value per share at September 30 year end rises 5.3% annually to EUR1.19 from EUR1.13. Ups annual payout by 29% to 4.40 cents per share from 3.40 cents. Plans to increase quarterly payout rate to 1.25 cents from current 1.10 cents. Pretax profit more than doubles to EUR53.6 million from EUR26.3 million.

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Invesco Income Growth Trust PLC - investment company - Net asset value per share at September 30, end of first half, up 5.1% to 260.78p from 248.22p in March. Posts 6.6% NAV total return, beaten by FTSE All-Share Index which returned 7.0% during period. Holds payout at 5.0p per share.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Invesco Income Growth Ord
BMO UK High Income Ord 84.45 GBX 0.54
Mirada PLC
Impax Asset Management Group PLC 431.50 GBX -2.38 -
Oxford Metrics PLC 106.30 GBX -0.19 -
Fulcrum Utility Services Ltd
Marlowe PLC 506.00 GBX 0.40 -
Clipper Logistics PLC
Braveheart Investment Group PLC 6.22 GBX -4.28 -
CareTech Holdings PLC
Tritax EuroBox Euro Ord 0.60 EUR 1.36 -

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