Xaar, up 22.2%, in its full year results for the 12 months ended 31 December 2022, announced that revenues rose to £72.8m from £59.3m reported in the previous year. Profit before tax narrowed to £0.8m from £1.0m. The Board has not declared a dividend in 2022.
IQGeo Group, up 4.5%, in its final audited results ended 31 December 2022, announced that revenues increased to £26.6m from £13.8m reported in the same period last year. Loss before tax narrowed to £1.8m from £2.7m. The Board would not commence paying dividends this year.
Dialight, up 1.9%, in its unaudited preliminary results for the year ended 31 December 2022, announced that revenues advanced to £169.7m from £131.6m posted in the same period last year. Profit before tax narrowed to £0.5m from £0.7m. The Board is not proposing a final dividend payment for 2022 (2021: nil).
Tristel, up 0.8%, announced that it has the submitted the additional documents requested by the US Food and Drug Administration (FDA) to enable the FDA's decision to grant market clearance for its Duo ULT high-level disinfectant.
Bango, down 9.3%, in its unaudited preliminary results for the 12 months ended 31 December 2022, announced that revenues increased to $28.5m from $20.7m reported in the same period last year. Loss before tax widened to $4.8m from $1.5m. Cash balance stood at $12.7m as at 31 December 2023.
CyanConnode Holdings, down 6.3%, today, announced that it has inked a Memorandum of Understanding with Alfanar to discover joint investment opportunities in Advanced Metering Infrastructure projects.
Gaming Realms, down 2.3%, today, in its annual results for the year ended 31 December 2022, announced that revenues advanced 27% to £18.7m from £14.7m reported in the previous year. Profit before tax widened to £3.5m from £1.1m. The Board of Directors are not proposing a final dividend for the current year.
UK markets closed higher last week, as Britain’s economy slightly grew in the last quarter of 2022 and as banking crisis eased. On the macro front, UK’s gross domestic product (GDP) grew in 4Q 2022, thereby avoiding a recession. Moreover, UK’s current account deficit narrowed in the fourth quarter of 2022, while the nation’s mortgage approvals rose for the first time in six months in February. Meanwhile, UK’s consumer credit dropped in February, while the Nationwide housing prices fell at its fastest annual pace since July 2009 in March. The FTSE 100 index advanced 3.7% to settle at 7,679.7, while the FTSE AIM 100 index rose 3.2% to close at 3,939.4. Meanwhile, the FTSE techMARK 100 index gained 0.7% to end at 6,542.5.
US markets ended higher in the previous week, as a softer US inflation report boosted hopes that the US Federal Reserve might be less aggressive with monetary tightening. On the data front, the US consumer confidence index improved in March, while the nation’s Chicago Purchasing Managers' Index unexpectedly advanced in the same month. Moreover, the US housing price index rebounded in January, while the nation’s pending home sales climbed for a third straight month in February. Meanwhile, the US gross domestic product (GDP) grew less than expected in 4Q22, while the nation’s goods trade deficit widened in February, as exports declined. Additionally, the Dallas Fed manufacturing business index unexpectedly fell in March, while the US initial jobless claims climbed in the week ended 24 March 2023. Further, the US Michigan consumer sentiment index fell for the first time in four months in March, amid worries about recession. The DJIA index rose 3.2% to end at 33,274.2, while the NASDAQ index gained 3.4% to close at 12,221.9.
