We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cordel Group Plc | LSE:CRDL | London | Ordinary Share | GB00BYZQM590 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.35 | 4.00 | 4.70 | 4.35 | 4.35 | 4.35 | 750,000 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Related Svcs, Nec | 3.46M | -598k | -0.0030 | -14.50 | 8.68M |
TIDMCRDL
RNS Number : 3100A
Cordel Group PLC
22 January 2024
22 January 2024
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
Interim Results
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces unaudited results for the six months ending 31 December 2023.
Six months Six months % change % change to to (constant currency*) 31 Dec 2023 31 Dec 2022 GBP'000 GBP'000 ------------- --------------- --------- ---------------------- Total revenue 1,961 945 108% 111% Cost of sales (924) (268) 245% 233% Total expenses (1,760) (1,523) 16% 27% Other income 149 57 161% 165% EBITDA (574) (789) 27% 14%
*Constant currency reflects the results had the underlying transactional currencies, (i.e. USD, AUD and GBP) remained constant across the full financial year.
Highlights:
-- Total revenue increased by 108% in reported currency and 111% at constant currency.
-- Cost of sales increased by 245% (233% constant currency) due to an increased proportion of hardware vs software and services in new contracts in the half year.
-- Total expenses increased by 16% (27% at constant currency) as the Group executed on its strategy to invest in growth.
-- As at 31 December 2023, cash balance was GBP1,191,528 compared with GBP1,283,463 at 30 June 2023.
-- Total assets as at 31 December 2023 were GBP4,358,514 whilst net assets were GBP3,081,296 compared with GBP4,823,403 and GBP3,799,076, respectively, as at 30 June 2023.
-- UK achievements during the period included further development of new business initiatives with our key partner Angel Trains in the field of Unmanned Geometry, detection of vegetation infringements and prevention of overhead line obstruction, a new Data-as-a-Service contract with High Speed One ("HS1") and the move to live production for the Network Rail Railway Gauging Data Solution ("RGDS") system.
-- USA achievements included a new contract in Mexico in partnership with Holland LP and continued, on-schedule progress with the Amtrak contract announced last year.
-- Australia achievements included the extension of the Australian Rail Track Corporation ("ARTC") contract and a Level Crossing Safety Research project with National Transport Research Organisation ("NTRO").
Ian Buddery, Chairman, Cordel, said: "The interim results show very pleasing growth compared to the corresponding period last year, with sales momentum building in all markets. The delivery of a LiDAR unit in Mexico and hardware units supporting our Angel partnership reduced our normal operating margin, but this is expected to balance out positively in the second half as software and Data-as-a-Service components are delivered for these projects.
During the period, we added new sales, business development and technical support staff in the USA and UK and are delighted with the resulting uplift in market engagement, which gives us confidence for continuing success in 2024 and beyond. As always, we take care to balance the requirements of growth opportunities while maintaining adequate cash reserves."
Enquiries:
Cordel Group PLC c/o Zeus Capital Ian Buddery, Chairman John Davis, CEO Zeus Capital Limited Broker + 44 (0)20 3829 5000 Simon Johnson / Alexandra Campbell-Harris Strand Hanson Limited Nominated Adviser Richard Johnson / James Bellman +44 (0)20 7409 3494
About Cordel
Cordel offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.
Further information on the Company is available at: www.cordel.ai
Cordel Group PLC
Review of operations by the Chief Executive Officer
31 December 2023
Cordel Group PLC ("the Group"), the developer of the Artificial Intelligence platform for transport corridor analytics, offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport and infrastructure sectors, employing sophisticated artificial intelligence algorithms.
Overview of results
During the half year ended 31 December 2023, the Company secured an extension of its partnership with Angel Trains tackling new use cases in Unmanned Geometry, quantified vegetation trending and overhead line obstruction prevention, further strengthening our position in the UK rail market. We have also secured a new Data-as-a-service contract with High Speed One and moved our Network Rail RGDS system into live production. In the USA, we have secured a new contract in Mexico in partnership with Holland LP and our delivery to Amtrak as part of the contract announced earlier in 2023 is progressing on track. We have recruited a new team in the USA and we are already seeing the benefits of their genuine industry knowledge and experience and deeper connections with Tier 1 and Tier 2 railroads. We remain optimistic about the global opportunity for Cordel's services. Railroads worldwide want to use digital analysis to optimise inspection and maintenance to create safer, more efficient and sustainable railways.
The Company has simplified its operating structure by focusing all resources into Cordel operations and discontinuing Airsight Australia and Nextcore activities. The primary growth opportunity and investment focus is continuing the development and commercialisation of the Cordel Artificial Intelligence analytics platform.
Revenue for the half year is summarised as follows:
Six Months to Six Months to 31 December 31 December 2023 2022 GBP '000 GBP '000 Change ------------------ -------------- ------- NextCore 3 116 -97% Cordel 1,958 829 136% Total Revenue 1,961 945 108%
Ongoing operations
The Group operates from offices in London, UK and Newcastle, Australia with staff in these locations and in the USA. The Company has customers in Australia, UK, the USA and Mexico. As of 31 December 2023, the Company had cash and receivables totalling GBP2.7m.
Outlook
The Company continues to be awarded new contracts following competitive bid processes. This results in a steady growth of the total mileage of railway track under long-term data management and, combined with new analytic services released in 2023 and planned for 2024, is expected to produce further growth in recurring revenue.
John Davis
Chief Executive Officer
22 January 2024
Cordel Group PLC
Review of operations by the Chief Financial Officer
31 December 2023
A summary of the Group's results are as follows:
Six Months Six Months to to 31 December 31 December 2023 2022 Change GBP '000 GBP '000 Revenue from contracts with customers 1,961 945 108% Total Revenue 1,961 945 108% Direct cost of sales 924 268 245% Gross Margin 1,037 677 53% Employee expenses 1,453 1,162 25% Occupancy expenses 24 14 71% Other operating expenses 283 347 -18% Total expenses 1,760 1,523 15% Other income 149 57 162% EBITDA (earnings before interest expenses, taxation, depreciation and amortisation adjusted for other one-off items) (574) (789) 27% Discontinued operations inventory written off 92 - 100% Depreciation 45 61 -27% Finance Costs 4 5 -23% Loss before and after income tax (715) (855) 16%
The above consolidated statements of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.
Revenue
Total revenue for the period increased by 108% to GBP1.96m.
Direct cost of sales
Direct cost of sales increased by GBP656k to GBP924k due to an increased proportion of hardware vs software and services in new contracts in the half year. Gross margin fell from 72% to 53% as a result but this is expected to balance out in the full year.
Operating expenses
Overall operating expenses increased by GBP237k compared to the prior corresponding period. An increase of staff expenses of GBP291k reflects the investment in strategic new hires the Group has made. As at 31 December 2023, Cordel had 35 employees in Australia, the UK and USA; an increase of 10 employees compared to the same period in the previous year.
Other operating costs were largely flat with small decreases in depreciation and amortisation costs offset by slightly higher occupancy costs.
Other income of GBP141k relates to refundable R&D tax offset as well as income received for grant-funded projects.
Underlying EBITDA (excluding one-off items) was a loss of GBP574k, an improvement of 27% on the prior period. This excludes GBP92k of obsolete inventory written off following the discontinuation of Nextcore operations.
The loss after tax for the period was GBP715k, an improvement of 16% compared to a loss of GBP855k in the corresponding period to 31 December 2022.
Balance sheet, cash and working capital
The Group balance sheet shows cash resources of GBP1.19 million million and receivables of GBP1.55 million as at 31 December 2023. Net cash inflow from operating activities was GBP0.09 million.
Underlying basis of EBITDA
The Group manages its operations by looking at the underlying EBITDA which excludes the impact of one-off and non-cash items as this, in the Board's opinion, provides a more representative measure of the Group's performance. A reconciliation between the reported loss before tax and underlying EBITDA is included at Note 6 to the financial statements.
Thouraya Walker
Chief Financial Officer
22 January 2024
Cordel Group PLC
Consolidated statements of profit and loss and other comprehensive income
For the period ended 31 December 2023
Audited Unaudited six months year ended ended 31 December 30 June Note 2023 2022 2023 GBP GBP GBP Revenue from contracts with customers 4 1,960,934 945,020 3,046,496 Total Revenue 1,969,934 945,020 3,046,496 Direct Cost of sale (924,438) (267,749) (791,668) Gross Margin 1,045,496 677,271 2,254,828 Employee expenses (1,452,558) (1,162,233) (2,367,385) Occupancy expenses (24,278) (13,587) (34,411) Depreciation & Amortisation (44,687) (60,953) (117,302) Other operational expenses (375,649) (347,797) (593,297) Finance Costs (3,841) (5,160) (16,819) Total expenses (1,901,013) (1,589,730) (3,129,214) Other income 5 149,325 57,080 408,756 Interest income 99 15 46 Loss before income tax expenses (715,093) (855,364) (465,584) Income tax - - (132,566) Loss after income tax expense for the period (715,093) (855,364) (598,150) Other comprehensive income Items that may be reclassified subsequently to profit or loss Foreign currency translation (2,687) (53,613) (17,257) Share option reserve - - 54,601 Total comprehensive income for the period (717,780) (908,977) (560,806) ------------ ------------ ------------ Loss for the period attributable to: Non-controlling interest - - - Owners of Cordel Group PLC (715,093) (855,364) (598,150) (715,093) (855,364) (598,150) ------------ ------------ ------------ Total comprehensive income for the period is attributable to: Non-controlling interest - - - Owners of Cordel Group PLC (717,780) (908,977) (560,806) (717,780) (908,977) (560,806) ------------ ------------ ------------ Basic earnings per share (pence per share) 15 (0.004) (0.50) (0.30) Diluted earnings per share (pence per share) 15 (0.004) (0.50) (0.30)
The above consolidated statements of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.
Cordel Group PLC
Consolidated Balance Sheet as at 31 December 2023
Unaudited Audited December 31 June 30 Note 2023 2022 2023 Assets GBP GBP GBP Non-current assets Goodwill 1,223,403 1,223,403 1,223,403 Right to use assets - 45,582 28,858 Property, plant & equipment 145,849 99,383 73,872 Deferred tax asset 85,991 157,405 84,069 ------------- ------------- --------------- Total non-current assets 1,455,243 1,525,773 1,410,202 ------------- ------------- --------------- Current assets Trade and other receivables 7 1,554,216 458,345 1,985,957 Inventory 157,527 154,336 143,781 Cash and cash equivalents 1,191,528 433,945 1,283,463 ------------- ------------- --------------- Total current assets 2,903,271 1,046,626 3,413,201 ------------- ------------- --------------- Total Assets 4,358,514 2,572,399 4,823,403 ------------- ------------- --------------- Liabilities Non-Current liabilities Lease Liabilities - 15,126 - Deferred tax 2,031 - 2,031 ------------- ------------- --------------- Total non-current liabilities 2,031 15,126 2,031 ------------- ------------- --------------- Current liabilities Trade and other payables 8 1,052,789 456,526 662,160 Unearned Income 29,425 11,363 133,290 Lease Liabilities - 35,445 32,700 Borrowings - 78,622 - Employee benefits 192,972 149,022 194,146 Total current liabilities 1,275,186 730,978 1,022,296 ------------- ------------- --------------- Net assets/(liabilities) 3,081,296 1,826,295 3,799,076 ------------- ------------- --------------- Equity Share Capital 1,994,886 1,704,272 1,994,886 Share premium account 10,856,854 9,525,617 10,856,854 Other reserves 9 2,434,421 2,346,151 2,437,108 Accumulated losses (12,204,865) (11,749,745) (11,489,772) Equity/(deficiency) attributable to the owners of Cordel Group PLC 3,081,296 1,826,295 3,799,076 Non-controlling interest - - - Total equity/(deficiency) 3,081,296 1,826,295 3,799,076 ------------- ------------- -------------
The above consolidated balance sheet should be read in conjunction with the accompanying notes.
The interim financial statements of Cordel Group PLC (company number 1109701 (England and Wales)) were approved by the Board of Directors and authorised for issue on 22 January 2024. They were signed on its behalf by:
Ian Buddery Jonathan Macleod
Chairman Director 22 January 2024 22 January 2024
Cordel Group PLC
Consolidated statements of changes in equity
For the period ended 31 December 2023
Share Share Other Accumulated Total Unaudited six months ended Capital premium reserves Losses Equity 31 December 2022 account* GBP GBP GBP GBP GBP Balance at 1 July 2022 1,704,272 9,525,617 2,399,764 (10,894,381) 2,735,272 Loss after income tax expense for the period - - - (855,364) (855,364) Other comprehensive income for the period, net of tax - - (53,613) - (53,613) Total comprehensive income for the period - - (53,613) (855,364) (908,977) Transactions with owners in their capacity as owners: Share-based payments (note 16) - - - - - Balance at 31 December 2022 1,704,272 9,525,617 2,346,151 (11,749,745) 1,826,295 ---------- ----------- ---------- ------------- ---------- Share Share Other Accumulated Total Unaudited six months ended Capital premium reserves Losses Equity 31 December 2023 account* GBP GBP GBP GBP GBP Balance at 1 July 2023 1,994,886 10,856,854 2,437,108 (11,489,772) 3,799,076 Loss after income tax expense for the period (715,093) (715,093) Other comprehensive income for the period, net of tax (2,687) (2,687) Total comprehensive income for the period 1,994,886 10,856,854 2,434,421 (12,204,865) 3,081,296 Transactions with owners in their capacity as owners: Share-based payments /Share Issue - - - Balance at 31 December 2023 1,994,886 10,856,854 2,434,421 (12,204,865) 3,081,296 ---------- ----------- ---------- ------------- ----------
*The share premium account is used to recognise the difference between the issued share capital at nominal value and the share capital received, net of transaction costs.
Cordel Group PLC
Consolidated statements of changes in equity (cont'd)
For the period ended 31 December 2023
Share Share Other Accumulated Total Audited year ended Capital premium reserves Losses Equity 30 June 2023 account* GBP GBP GBP GBP GBP Balance at 1 July 2022 1,704,272 9,525,617 2,399,764 (10,894,381) 2,735,272 Loss after income tax expense for the period - - - (598,150) (598,150) Other comprehensive income for the period, net of tax - - 37,344 2,759 40,103 Total comprehensive income for the period - - 37,344 (595,391) (558,047) Transactions with owners in their capacity as owners: Share Issue 290,614 1,331,237 - - 1,621,851 Balance at 30 June 2023 1,994,886 10,856,854 2,437,108 (11,489,772) 3,799,076 ---------- ----------- ---------- ------------- ----------
The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes
Cordel Group PLC
Consolidated statements of cash flows
For the period ended 31 December 2023
Audited Unaudited six months year ended June ended December 31 30 2023 2022 2023 GBP GBP GBP Cash flows from operating activities Loss before income tax expense for the period (715,093) (855,364) (465,584) Adjustments for: Depreciation and amortisation 44,687 60,953 117,302 Loss/(Gain) on disposal of equipment (1,687) - (36,423) Discontinued operations inventory written off 92,437 - - Share option reserve - - 57,360 Foreign exchange differences 2,130 283 15,136 Interest received (98) (15) (46) Interest and other finance costs 3,841 5,160 16,819 (573,783) (788,983) (295,436) Change in operating assets and liabilities: Decrease/(increase) in inventories (13,746) 92,604 103,159 Decrease/(increase) in trade and other receivables 431,741 904,311 (676,561) (Decrease)/Increase in trade and other payables 390,629 (123,294) 81,920 (Decrease)/Increase in other liabilities (137,739) (59,098) 169,852 ----------- ---------- ----------- 97,102 25,540 (617,066) Interest Received 98 15 46 Interest and other finance costs paid (3,841) (5,160) (12,133) Net cash used in operating activities 93,360 20,395 (629,153) ----------- ---------- ----------- Cash flows from investing activities Purchase of property, plant and equipment (116,665) (45,432) (60,809) Proceeds from disposal of fixed asset 1,687 36,378 69,422 Net cash used in investing activities (114,978) (9,054) 8,613 ----------- ---------- ----------- Cash flows from financing activities Proceeds from issue of shares - - 1,725,066 Interest on lease payments (1,061) - (4,685) Repayment lease arrangements (19,960) (56,201) (37,650) Proceeds from borrowings - 103,076 - Transaction costs on issue of shares - - (103,214) Net cash from financing activities (21,021) 46,875 1,579,517 ----------- ---------- ----------- Net increase/(decrease) in cash and cash equivalents (42,639) 58,216 958,977 Cash and cash equivalents at the beginning of the financial period 1,283,463 339,655 339,665 Effects of exchange rate changes on cash and cash equivalents (49,296) 36,074 (15,179) Cash and cash equivalents at the end of the financial period 1,191,528 433,945 1,283,463 ----------- ---------- -----------
The above consolidated statements of cash flows should be read in conjunction with the accompanying notes.
Cordel Group PLC
Notes to the consolidated financial statements
For the period ended 31 December 2023
Note 1. General information
Cordel Group plc is a public company, registered in England and Wales and listed on the Alternative Investment Market ('AIM').
Its registered office and principal place of business are:
Registered office Principal place of business 10 John Street Level 4/745 Hunter Street London WC1N 2EB Newcastle West NSW 2302 United Kingdom Australia
A description of the nature of the Group's operations and its principal activities are included in the directors' report, which is not part of the financial statements. The financial statements were authorised for issue, in accordance with a resolution of directors, on 22 January 2024. The directors have the power to amend and reissue the financial statements.
Note 2. Significant accounting policies
These financial statements for the interim half-year reporting period ended 31 December 2023 have been prepared in accordance with International Accounting Standards IAS 34 'Interim Financial Reporting'.
These interim financial statements do not include all the notes of the type normally included in annual financial statements. Accordingly, these financial statements are to be read in conjunction with the annual report for the year ended 30 June 2023 and any public announcements made by the Company during the interim reporting period.
New or amended Accounting Standards and Interpretations adopted
The Group has adopted all of the new or amended Accounting Standards and Interpretations issued by the International Accounting Standards Board that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.
Going concern
The financial statements have been prepared assuming the Group will continue as a going concern. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future. In assessing whether the going concern assumption is appropriate, the directors have considered the Group's existing working capital and are of the opinion that the Group has adequate resources to undertake its planned program of activities for the 12 months from the date of approval of these financial statements.
Note 3. Operating segments
Identification of reportable operating segments
The Group operates in one segment being provision of data integration and analytic services. This operating segment is based on the internal reports that are reviewed and used by the Board of Directors (who are identified as the Chief Operating Decision Makers ('CODM')) in assessing performance and in determining the allocation of resources.
The operating segment information is the same information as provided throughout the consolidated financial statements and are therefore not duplicated.
Note 4. Revenue from contracts with customers
Audited Unaudited six months year ended June ended December 31 30 2023 2022 2023 GBP GBP GBP Nextcore 3,145 115,636 117,867 Cordel 1,957,789 829,384 2,928,629 Revenue from contracts with customers 1,960,934 945,020 3,046,496 -------------- -------- ----------- Disaggregation of revenue The disaggregation of revenue from contracts with customers is as follows: Audited Unaudited six months year ended ended December 31 June 30 Geographical regions 2023 2022 2023 GBP GBP GBP United Kingdom 1,045,959 659,997 1,545,453 Australia/New Zealand 123,812 235,734 318,412 United States of America 791,163 49,289 1,182,631 1,960,934 945,020 3,046,496 ------------- ---------- ----------- Enterprise implementation and enterprise subscriber income are recognised as revenue over time as opposed to a point in time. Audited Note 5. Other income Unaudited six months year ended June ended December 31 30 2023 2022 2023 GBP GBP GBP Government grants and rebates 147,638 20,585 372,172 Other Income 1,687 36,510 36,584 149,325 57,095 408,756 ------------ --------- ----------- Note 6. EBITDA reconciliation (earnings before interest expense, taxation, depreciation and amortisation) Audited Unaudited six months year ended June ended December 31 30 2023 2022 2023 EBITDA reconciliation GBP GBP GBP Loss before income tax (715,093) (855,364) (465,584) Less: Interest revenue (98) (15) (46) Add: Interest expense 3,841 5,160 16,819 Add: Depreciation and amortisation 44,687 60,953 117,302 Add: Other non-operating costs - 283 - EBITDA (666,663) (788,983) (331,509) ----------- ---------- ----------- Audited Unaudited six months year ended June ended December 31 30 2023 2022 2023 Underlying EBITDA reconciliation GBP GBP GBP EBITDA (666,663) (788,983) (331,509) Discontinued operations 92,437 - - Underlying EBITDA (574,226) (788,983) (331,509) ----------- ---------- ----------- The financial statements include both the statutory financial statements and additional performance measures of EBITDA and Underlying EBITDA. The directors believe these additional measures provide useful information on the underlying trend in operational performance going forward without these unusual and other one-off items. Note 7. Current assets - trade Audited and other receivables Unaudited six months year ended June ended December 31 30 2023 2022 2023 GBP GBP GBP Trade receivables 1,178,328 238,824 1,389,988 Other receivables 121,702 - 21,698 Prepayments 140,186 219,521 242,250 R&D tax offset refundable 114,000 - 332,021 1,554,216 458,345 1,985,957 ----------- ---------- ------------- Note 8. Current liabilities - Audited trade and other payables Unaudited six months year ended June ended December 31 30 2023 2022 2023 GBP GBP GBP Trade payables 473,512 171,579 240,697 Accrued expenses 566,712 172,898 314,960 Other payables 12,565 112,049 106,503 1,052,789 456,526 662,160 ------------ --------- ----------- Audited Note 9. Equity - other reserves Unaudited six months year ended June ended December 31 30 2023 2022 2023 GBP GBP GBP Foreign currency reserve 358,784 325,115 361,471 Share-based payments reserve 185,797 131,196 185,797 Capital reorganisation reserve 1,889,840 1,889,840 1,889,840 2,434,421 2,346,151 2,437,108 ----------- ---------- ----------- Movements in reserves Movements in each class of reserve during the current financial period are set out below: Unaudited six months ended 31 December 2023 Foreign Share-based Capital Total Currency payments reorganisation GBP GBP GBP GBP Balance as at 1 July 2023 361,471 185,797 1,889,840 2,437,108 Foreign currency translation (2,687) - - (2,687) Share-based payment - - - - Balance at 31 December 2023 358,784 185,797 1,889,840 2,434,421 --------- ------------ --------------- ----------
Note 10. Equity - dividends
There were no dividends paid, recommended, or declared during the current or previous financial period.
Note 11. Fair value measurement
The carrying amounts of trade and other receivables and trade and other payables are assumed to approximate their fair values due to their short-term nature.
The fair value of financial liabilities is estimated by discounting the remaining contractual maturities at the current market interest rate that is available for similar financial liabilities.
Note 12. Related party transactions
Parent entity
The parent entity and ultimate parent entity is Cordel Group PLC. There is no ultimate controlling party.
Transactions with related parties
Ian Buddery was remunerated through his personal service company during the period.
Receivable from and payable to related parties
There were no trade receivables from or trade payables to related parties at the current and previous reporting date.
Loans to/from related parties
There were no loans to or from related parties at the current and previous reporting date.
Note 13. Earnings Unaudited six per share months Audited year ended December 31 ended June 30 2023 2022 2023 GBP GBP GBP Loss after income tax (715,093) (855,364) (598,150) Non-controlling interest - - - Loss after income tax attributable to the owners of Cordel Group PLC (715,093) (855,364) (598,150) --------------- ------------ ------------ Number Number Number Weighted average number of ordinary shares used in calculating basic earnings per share 199,488,614 170,427,186 199,488,614 Weighted average number of ordinary shares used in calculating diluted earnings per share 199,488,614 170,427,186 199,488,614 Pence Pence Pence Basic earnings per share (0.40) (0.50) (0.30) Diluted earnings per share (0.40) (0.50) (0.30)
Note 14. Events after the reporting period
The Group entered into a three-year operating lease for new premises in Newcastle, Australia after the balance sheet date. The Group has future commitments of AUD$199,200 per annum under the terms of the lease.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
IR GCGDBXXBDGSC
(END) Dow Jones Newswires
January 22, 2024 02:00 ET (07:00 GMT)
1 Year Cordel Chart |
1 Month Cordel Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions