3 Companies Rising on Good News for Wednesday 8th March 2023
Episode 1240, Mar 08, 2023, 10:08 AM
3 Companies Rising on Good News for Wednesday 8th March 2023
1. Time Finance #TIME - Q3 Trading Update: Pre-Tax Profits up 172%
Own-Book lending origination up 34% to £52.9m (As at Q3 2021/22: £39.5m)
Revenue up 28% to £20.0m (As at Q3 2021/22: £15.6m)
Profit Before Tax ("PBT") up 172% to £3.0m (As at Q3 2021/22: £1.1m)
Continued positive trading momentum throughout Q3 of 2022/23 has given the Board further confidence that full-year trading will now be further ahead of the latest market expectations1, with PBT for the full year now expected to be not less than £3.6m
2. Breedon Group PLC - Final Results
Full year results ahead of expectations
Revenue increased 13%; timely implementation of our dynamic pricing strategy contributed +20ppt, partially offset by a 10ppt volume reduction which normalised in line with the market
Full input cost recovery supported Underlying EBIT growth of 16%, and margin expansion of 30bps to 11.1%
As a reflection of our scale, maturity and growth ambitions, in the coming months we intend to seek admission to the Premium Listing segment of the London Stock Exchange from AIM.
3. Journeo #JNEO - Contract Win
Journeo announce that it has signed a Software as a Service contract with Transport for Wales to supply a new displays Content Management System for the Welsh Bus Data Content Management System.
The initial contract value is £1m and has a five year term, with two additional one-year extensions available through to 2030.
To see more risers and fallers click here
1. Time Finance #TIME - Q3 Trading Update: Pre-Tax Profits up 172%
Own-Book lending origination up 34% to £52.9m (As at Q3 2021/22: £39.5m)
Revenue up 28% to £20.0m (As at Q3 2021/22: £15.6m)
Profit Before Tax ("PBT") up 172% to £3.0m (As at Q3 2021/22: £1.1m)
Continued positive trading momentum throughout Q3 of 2022/23 has given the Board further confidence that full-year trading will now be further ahead of the latest market expectations1, with PBT for the full year now expected to be not less than £3.6m
2. Breedon Group PLC - Final Results
Full year results ahead of expectations
Revenue increased 13%; timely implementation of our dynamic pricing strategy contributed +20ppt, partially offset by a 10ppt volume reduction which normalised in line with the market
Full input cost recovery supported Underlying EBIT growth of 16%, and margin expansion of 30bps to 11.1%
As a reflection of our scale, maturity and growth ambitions, in the coming months we intend to seek admission to the Premium Listing segment of the London Stock Exchange from AIM.
3. Journeo #JNEO - Contract Win
Journeo announce that it has signed a Software as a Service contract with Transport for Wales to supply a new displays Content Management System for the Welsh Bus Data Content Management System.
The initial contract value is £1m and has a five year term, with two additional one-year extensions available through to 2030.
To see more risers and fallers click here