Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.
1. Full year results at Comptoir show profits up and confidence over outlook
Restaurant group Comptoir (LON:COM) has this morning published full year results for the year to 31st December. Revenues are up by 67% and gross profits have advanced by a similar amount, leading management to state that the company has emerged from the pandemic in a string financial and operational position. There’s an acknowledgement that 2022 holds unique challenges in terms of staffing and supply chain, but with it a degree of optimism that storms have been weathered already and this can be done again.
2. Speedy Hire’s full year EPS advances 58%, sales outlook upbeat
Speedy Hire (LON:SDY) has issued full year results today for the year to 31st March, which saw a 16% increase in revenues and a 58% uptick in the underlying EPS. Shareholders are being rewarded with a 57% increase in the dividend and the company notes it has been a strong start to 2022, with revenues up 8% and volume growth along with price increases more than offsetting cost pressures. The board remains confident that 2023 expectations will be met.
3. Update from digital media company Catenae Innovation
There’s an update out from Catenae Innovation (LON:CTEA), whose shares are currently suspended awaiting publication of audited accounts. On the plus side, the note highlights some modest new orders, although there’s an ongoing dispute with a number of shareholders in a portfolio company, which is set to be challenged.
