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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
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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Harworth Group PLC - Rotherham, South Yorkshire-based land regenerator - For the first half of 2022, pretax profit rises 29% to £98.8 million from £76.5 million a year before, driven by an increase in the fair value of investment properties to £85.3 million from £66.5 million, as well as sharp revenue growth to £62.6 million from £18.8 million through an acceleration in serviced land sales. As at June 30, net asset value per share is 203.1 pence, up 21% from 167.8p the same date a year prior, while the portfolio value increased 16% to £888.7 million from £765.7 million at the end of December. Declares interim dividend of 0.404 pence per share, up from 0.367p a year before.
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abrdn Smaller Cos Income Trust PLC - invests in UK small-cap stocks - For the six months ended June 30, posts net asset value total return of minus 30%, compared to the Numis Smaller Cos ex Investment Trust Index, which made a negative return of 20%. As at June 30, net asset value per share was down 31% at 306.10 pence from 442.52p at the end of December.
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Property Franchise Group PLC - UK-based lettings and estate agency franchising firm - For the first half ended June 30, pretax profit rises 8.6% to £3.8 million from £3.5 million the same period a year prior, on revenue which grows 18% year-on-year to £13.1 million from £11.1 million, as a result of higher managed service fees and increased sales activity. Raises interim dividend by 11% to 4.2 pence per share from 3.8p a year prior. Looking ahead, company is encouraged by trading levels in July and August, lifting confidence in meeting market expectations for 2022 as a whole.
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PYX Resources Ltd - Sydney-based zircon producer - For the first half of 2022, pretax loss widens to $3.6 million from $1.4 million a year before, as a result of ballooning administrative and distribution costs, which more than offset revenue more than doubling to $10.6 million from $4.7 million. Revenue growth was fostered by an increase in zircon, rutile and ilmenite production, as well as an increase in prices. Looking ahead, company believes it is well positioned to enter a period of sustained growth.
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VH Global Sustainable Energy Opportunities PLC - London-based sustainable energy infrastructure assets investor - As at June 30, net asset value per share increases 8.8% to 113.1 pence from 104.0p at the end of December, due to a resilient portfolio performance, with limited effect from the pandemic and the invasion of Ukraine.
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Honeycomb Investment Trust PLC - asset secured loans investor - As at June 30, net asset value per share rises to 1,019.7 pence from 1,017.0p the same date a year prior, while for the six month period, it reports a total return of 8.0%.
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Mothercare PLC - Hemel Hempstead, England-based retailer to parents and young children - For the year ended March 26, swings to pretax profit of £11.1 million from a loss of £21.4 million the year before, in spite of revenue declining 3.8% to £82.5 million from £85.8 million. In addition, worldwide retail sales grew 7.5% to £385.3 million from £358.6 million. Looking ahead, in the first 21 weeks of its 2023 financial year, Mothercare reports total retail sales of £135 million, compared to £150 million a year prior, however excluding operations in Russia, the figure for the year before stands at £117 million.
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