Archived article
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 earnings by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
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Foxtons Group PLC - London-focused estate agency - Annual pretax profit doubles in 2022 to £11.9 million from £5.6 million a year ago, as revenue climbs 11% to £140.3 million from £126.5 million. Declares final dividend of 0.7 pence per share for 2022, soared from 0.27p for 2021. Total dividend is 0.90p per share, doubled from 0.45p a year prior. Says trading in January and February is in line with own expectations. Notes lettings market dynamic of low volumes and high rental prices in 2023. Expects year-on-year rental price growth rates to normalise.
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JPMorgan Emerging Markets Investment Trust PLC - FTSE250-listed investment trust - Net asset value per share as at December 31 falls 14% to 117.6 pence from 136.4p a year prior. Declares interim dividend of 0.58 pence per share, up 12% from 0.52p a year prior. NAV total return is positive 1.3%, outperforming its benchmark, MSCI Emerging Markets Index with net dividends reinvested, which had a negative total return of 2.1%. Looking ahead, the trust says it is confident that emerging markets will provide a wide selection of opportunities. ‘Whilst there may be periods when this approach underperforms our benchmark index, we believe that it will continue to reward investors over the longer term,’ says Chair Aidan Lisser.
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Physiomics PLC - London-based oncology consultancy, which uses mathematical models to support the development of cancer treatment regimens and personalised medicine solutions - Pretax loss in the first half of financial year 2023 to December 31 widens to £287,000 from £170,000 a year ago. Company says it ‘significantly diversified its client base over the course of the last year,’ with about 62% of total revenue for the first half derived from six small or medium-sized clients, compared to four small or medium-sized clients representing 33% of total revenue a year prior. Revenue falls to £338,000 from £366,000. Looks forward to ‘solid second half.’
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Reach PLC - London-based newspaper, magazine and digital publisher - Reports disappointing annual results for the year to December 25, as revenue falls 2.3% to £601.4 million from £615.8 million. Pretax profit drops 9.7% to £66.2 million from £73.3 million. Costs, however, decrease 1.2% to £531.5 million from £538.1 million. Leaves final dividend unchanged at 4.46p. ‘The next 12 months will bring fresh challenges, but we’ve proven over the past few years that Reach is a resilient business,’ firm says.
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Revolution Bars Group PLC - Tameside, England-based bar chain - Swings to pretax loss of £91,000 in the half year to December 31, amid high energy costs, compared to a profit of £4.3 million a year ago. Revenue grows 2.5% to £76.0 million from £74.1 million. Cost of sales increase outpaces revenue growth, widening 6.7% to £17.4 million from £16.3 million. Operating expenses increase 8.4% to £55.5 million from £51.2 million. ‘Inflation continues to drive the cost-of-living crisis which has a dual-pronged impact of heightening costs for the group whilst affecting guest confidence. Energy prices are trending in the right direction which is helpful for the business, but also hopefully for our guests in order to ease the inflationary pressures that currently exist,’ Revolution Bars says. Anticipates to achieve adjusted earnings before interest, tax, depreciation and amortisation in line with market expectations for financial year 2023, ending July 1.
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