Centrica CNA has issued a jargon riddled update, which believe it or not ends with the startling claim that the outcome for the year will be dependent on its operational and commercial performance. Well, well what a surprise. To cover itself all ways up it also adds to the list, the impact of an uncertain regulatory environment, weather patterns and commodity prices. Management skills are, it appears not included in the list as being likely to have any impact on the company, beneficial or otherwise. The year has however begun well, thanks to abnormally cold weather and despite unplanned outages in Morecambe Bay and production issues in Norway. Its core markets have been affected not just by intense competition but by “High level competitive intensity” which makes it sound really, really serious.
Diploma plc DPLM delivered robust growth in revenue and profits during the half year to the 31st March despite currency headwinds and is increasing its interim dividend by 10% to 7.7p per share.Adjusted earnings per share rose by 12% whilst revenue and profit before tax each rose by 8%. Currency movements caused revenue to fall by 4%. The Board believes that the company will continue with its excellent track record of value creation.
Eckoh plc ECK updates that the year to the 31st March ended with a robust balance sheet and a strong order pipeline. Good progress was made in the US where secure payment revenues more than doubled, although in the UK market conditions were more challenging. The company is looking forward to the introduction of European GDPR on the 25th May which could produce substantial opportunities in the UK and in the US where it appears thare will be widespread adoption of the new European regulations.
Angling Direct ANG achieved record revenue and profits during the year to the 31st January, a year in which it not only joined AIM but also went on the acquisition trail in a big way. Group revenue rose by 44%, gross profit by 37% and online sales surged by 54% compared to a rise in store sales of 40%. Like for like sales however gave a much more modest and realistic growth figure of 9%. A good start has been made to the current year, despite adverse fishing weather.