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William Hill plc WMH Adjusted operating profit for the year to 26th December is expected to show a rise of 11%, ahead of expectations. In the nine weeks since the last trading statement on the 11th November the UK and the US have shown good momentum, gross win margins have been ahead of expectations and significantly ahead of the previous year.Net revenue has been very strong.
Judges Scientific plc JDG The positive demand for the company’s products which started in the second half of 2016 has continued throughout 2017Organic order intake for the year to 31st December increased by 16% and it is anticipated that earnings per share will be above current market expectations.
Watkin Jones WJG delivered what it describes as another set of impressive results with profit before tax for the year the year to 30th September soaring from £13.3m to £43m., a rise of 326.3%, on revenue up by 13.1%. Both revenue and gross profit showed strong growth, driven by student accommodation developments. EBITDA was up by 8.6% and the final dividend is to be increased by 10% to 6p per share.
SpaceandPeople SAL enjoyed strong trading during the final quarter of 2017 and became debt free by the end of the year on the 31st December, all bank debt having been repaid during the course of the year. Profit before tax will be £100,000 higher than anticipated at about £1.2m. Dividend payments are to be re-commenced and a final dividend of 1.5p per share will be proposed.
Sinclair Pharma plc SPH Revenue over the past two years has grown by in excess of 80%, returning the company to EBITDA profitability in 2017, a year which saw a strong performance across all key brands and revenue growth of 20% or 14% on a constant currency basis. The fourth quarter was particularly strong in Germany and Brazil and 2018 is expected to produce further strong growth overall.
Steppe Cement STCM Revenue for the year to 31st December rose by 20% over the previous year, after a 4% volume increase and a 15% price rise. Exports doubled to 146,000 tonnes
First Group FGP claims a significant improvement in operating results for the year to 31st March despite a mixed trading environment and with the benefit of a large helping hand from favourable currency movements. Profit before tax increased by 34.4%, earnings per share by 24% and statutory operating profit by 15.1%. Revenue was up by 8.3% but without the collapse of sterling it would not have been up at all, in fact on a constant currency basis it was down by 0.5% which puts that “significant improvement” into perspective. First Bus and First Rail both faced challenging market conditions, with like for like First Bus revenue falling by 0.6%.
The company claims it is concentrating on the service improvements which its customers tells it they want, which appears to be virtually an admission that management hadn’t a clue what level of service it should be providing until its customers started trying to get the message through.
Johnson Matthey JMAT A stronger second half provided evidence of an improving performance which in turn has enabled the final dividend to be increased by 5%. Profit before tax for the year to the end of March rose by 19%, earnings per share by 21% and revenue by 12%. Revenue at constant exchange rates and on a like for like basis grew by 3% over the year but in the second half that figure doubled to 6%, helped by the company’s world leading science and technology. Growth in Europe was particularly strong. In the current year sales growth is expected to match the 6% of 2017’s second half and beyond 2018 expectations are for deliver of sustained sales growth and margin expansion.
Watkin Jones WJG is increasing its interim dividend by 10% after a strong half year which produced strong profit growth. Adjusted profit before tax and EBITDA each rose by 26.6% for the six months to the 31st March, despite an expected 8.4% fall in revenue.