Filta Group Holdings FLTA reports strong trading in the first half of the year with revenue growth from new franchisees and previous acquisitions. The company continues to seek growth opportunities and further progress is expected in the second half of the year.
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Oilex Ltd OEX has requested an immediate trading halt in the Company’s securities on the AustralianStock Exchange from the commencement of trading on Friday 10 August 2018. Oilex has asked for the halt to remain in place until the earlier of such time as it makes an announcement to the market in relation to the Event of Default Notice issued in regard to the Cambay PSC and the commencement of trading on Tuesday 14 August 2018.
Leeds Group plc LDSG reports that trading conditions have been difficult for the year to the 31st May and it does not propose to pay a dividend. Sales revenue increased by 1% to £41,538,000 .but profit before tax fell from £1,448,000 to £885,000. Earnings per share were halved from 4.1p to 2p.
Plus 500 PLUS produced a strong performance with record breaking results significantly ahead of expectations, in the six months to the 30th June. Net profit rose by 104%, EBITDA by by 100% and earnings per share by 103%. Revenue rose by 19%. Including the share buy back programme returns to shareholders more than doubled, rising from $26.7m to $64.4m. Current trading continues to be strong and it is expected that results for the remainder of the year will continue to exceed market expectations, significantly.
Telit Communications TCM plunged from a profit of $4.7m to a loss of $6.7m before tax in the six months to the 30th June. Revenue growth was hekd back by a number of factors including delays in the US certification of LTE poducts which is not now expected until quarter 3. Despite the delay the company still expects these to be strong growth drivers in the second half and remains confident of a strong performance but just to be on the safe side the interim dividend of 2.5 US cents per share is being abolished.
Ultra Eectronics ULE Expects to see the year more heavily weighted than normal towards the second half following delays in the awarding of new contracts due to the UK general election and delays in the US budget being approved. First half revenue fell by 0.1% and underlying profit before tax by 0.2% but the interim dividend is being increased by 2.8%
Filta Group Holdings FLTA updates that revenue growth in the six months to the 30th June has been in the region of 38% following strong performances in both the UK and the US. The first half has been substantially ahead of last year and further growth is expected throughout he remainder of the year.