Translation and IP services provider RWS Holdings (LON: RWS) improved interim revenues by 2.5% to £366.3m, but underlying pre-tax profit fell 10% to £54.4m. The interim dividend is 7% higher at 2.4p. This year will be second half weighted. Full year pre-tax profit is expected to be around £126m, down from £135.7m. Additional cost reductions should cut annual overheads by £25m. There are plans for a £50m share buy back.
Quadrise (LON: QED) has signed a joint development agreement with renewable biofuels company BTG Bioliquids. Quadrise hopes to use the fast pyrolysis bio-oil produced by BTG Bioliquids as a source of fuel for bioMSAR emulsions.
Sabien Technology (LON: SNT) says that the sales of its M2G energy efficiency device are accelerating. Since mid-May orders have totalled more than £118,000 and the order flow remains strong even though the summer is normally a weaker period.
Aviation services provider Gama Aviation (LON: GMAA) improved 2022 revenues by one-fifth to $285.6m and gross margins increased. This enabled Gama Aviation to reduce its pre-ta loss to £1m. It moved from loss to profit at the operating level, but interest charges were higher than that figure. Net debt has been reduced to $66.4m at the end of 2022.
Bonhill (LON: BONH) has called a general meeting to approve the sale of its US publishing business and a £4.8m tender offer. Shareholders are entitled to tender 40.25% of their holding at a tender price of 10p. Bonhill also plans to cancel the AIM quotation and the company will then be wound up with any cash left distributed to shareholders.
Barryroe Offshore Energy (LON: BEY) is no longer proceeding with the previously announced placing and open offer following the Irish government’s refusal to grant the lease for the SEL 1/11. The company still requires additional cash for working capital.
Arrow Exploration (LON: AXL) says the resources for the CN-1 well on the Carrizales Norte discovery in Colombia will be better than expected. This means that there are likely to be additional wells drilled. Two more wells are already planned. Zeus has updated its free cash flow forecasts with a the outflow in 2023 reduced from $4.7m to $3.8m and the cash inflow for 2024 raised from $22.5m to $32.8m.
Oil and gas producer PetroTal Corp (LON: PTAL) says that there is an illegal and violent blockade of the Puinahua Canal in Peru by an indigenous organisation. The company had previously come to an agreement about allocating cash to social funds.
Ex-dividends
Billington (LON: BILN) is paying a dividend of 15.5p a share and the share price has fallen 10p to 400p.
Christie Group (LON: CTG) is paying a dividend of 2.5p a share and the share price is unchanged at 127.5p.
Good Energy (LON: GOOD) is paying a dividend of 2p a share and the share price is unchanged at 190p.
HSS Hire (LON: HSS) is paying a dividend of 0.37p a share and the share price is 0.4p lower at 13.8p.
Hurricane Energy (LON: HUR) is paying a dividend of 5.19p a share and the share price has been suspended at 7.79p ahead of the scheme of arrangement.
Helios Underwriting (LON HUW) is paying a dividend of 3p a share and the share price is 5.5p higher at 177.5p.
Judges Scientific (LON: JDG) is paying a dividend of 59p a share and the share price declined by 70p to 10030p.
London Security (LON: LSC) is paying a dividend of 42p a share and the share price is down 50p to 2850p.
Michelmersh Brick (LON: MBH) is paying a dividend of 2.95p a share and the share price is 3p lower at 89.5p.
Orchard Finance (LON: ORCH) is paying a dividend of 1p a share and the share price is unchanged at 43.5p.
Renew Holdings (LON: RNWH) is paying a dividend of 6p a share and the share price fell 5.5p to 721.5p.
Restore (LON: RST) is paying a dividend of 4.8p a share and the share price declined by 3.5p to 266.5p.
M&C Saatchi (LON: SAA) is paying a dividend of 1.5p a share and the share price rose 0.5p to 170.5p.
Sopheon (LON: SPE) is paying a dividend of 3.25p a share and the share price is unchanged at 620p.
Victorian Plumbing (LON: VIC) is paying an interim dividend of 0.45p a share and the share price fell 0.05p to 79.15p.
Watkin Jones (LON: WJG) is paying an interim dividend of 1.4p a share and the share price is down 1.2p to 62.8p.
Young & Co’s Brewery (LON: YNGA) is paying a final dividend of 10.26p a share and the share price declined by 20p to 1175p.
