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Market News

Accsys revenues rise

24.04.2017

Accsys Technologies' total revenues rose to €56.5m in the year to the end of March - 7% up on the previous year which benefited from material one-off licensing income. The group said Accoya sales volumes had grown by 18% to 39,790cu m in the year to 31 March with a 31% increase in the second half of the financial year compared to the corresponding period last time. It said this also represented a 27% increase compared to the first half of the financial year, in part helped by the resoluti...

Accsys Technologies' total revenues rose to €56.5m in the year to the end of March - 7% up on the previous year which benefited from material one-off licensing income. The group said Accoya sales volumes had grown by 18% to 39,790cu m in the year to 31 March with a 31% increase in the second half of the financial year compared to the corresponding period last time. It said this also represented a 27% increase compared to the first half of the financial year, in part helped by the resolution of the unexpected supply chain bottleneck in the first half of the year. The group said expansion of Arnhem Accoya plant continued to progress with completion of the fully funded first stage of expansion to 60,000 cu m of annual capacity expected by the end of 2017. At 8:00am: (LON:AXS) Accsys Technologies PLC share price was -0.12p at 65.88p Story provided by StockMarketWire.com

Market News

Broker Forecast - Peel Hunt issues a broker note on Purplebricks Group PLC

24.04.2017

Peel Hunt today reaffirms its buy investment rating on Purplebricks Group PLC (LON:PURP) and raised its price target to 435p (from 270p). Story provided by StockMarketWire.com

Peel Hunt today reaffirms its buy investment rating on Purplebricks Group PLC (LON:PURP) and raised its price target to 435p (from 270p). Story provided by StockMarketWire.com

Market News

FairFX revenue tops £10m for first time

24.04.2017

Multicurrency payments service FairFX's revenues topped £10m for the first time in the year to the end of December rising by 27.9% to £10.2m. Turnover - the gross value of currency sold - increased by 27.4% to £798.3m and gross profits of £7.5m were 31.2% up on last time. Other highlights include: - International payments turnover up 49.2% to £446.5m - Currency card turnover up 24.1% to £299.0 million - Trading loss of £1.4 million, a reduction of 58% on prior year and ahead...

Multicurrency payments service FairFX's revenues topped £10m for the first time in the year to the end of December rising by 27.9% to £10.2m. Turnover - the gross value of currency sold - increased by 27.4% to £798.3m and gross profits of £7.5m were 31.2% up on last time. Other highlights include: - International payments turnover up 49.2% to £446.5m - Currency card turnover up 24.1% to £299.0 million - Trading loss of £1.4 million, a reduction of 58% on prior year and ahead of expectations - Fourth quarter net profit achieved Chief executive Ian Strafford-Taylor said: "The Company had a very successful 2016 beating expectations in terms of all KPI's, with turnover increasing strongly, revenue breaking through the £10m barrier and improved margins boosting gross profit. "FairFX also made big strides towards profitability, with the loss for the year more than halved compared to 2015 and profitable trading achieved in the final quarter of the year. "Importantly, the 2016 results were achieved whilst FairFX maintained its marketing spend, capturing a significant number of new customers and further building its brand awareness. "Even more pleasing is that this was accomplished despite the challenging trading conditions that resulted from the prolonged Brexit referendum process in the first half. "The top line growth has continued into 2017 through the first quarter and the Company is significantly better equipped to maintain this growth as it targets a net profit for 2017. "With the continuation of the company's strategy to maintain momentum in the retail product, whilst successfully growing the corporate offering, the board is confident that the outlook for the full year remains in line with market expectations." Story provided by StockMarketWire.com

Market News

Fishing Republic revenues up 41%

24.04.2017

Fishing tackle retailer Fishing Republic's revenues rose by 41% to £5,799,000 in the year to the end of December. The group said this reflected its store expansion programme and organic growth. Profit before tax and exceptional items rose by 32% to £403,000 and reported profit before tax increased to £403,000 from £6,000. Chairman James Newman said: "Fishing Republic has made strong progress over the year as we continued with expansion plans to build a significant position in the fis...

Fishing tackle retailer Fishing Republic's revenues rose by 41% to £5,799,000 in the year to the end of December. The group said this reflected its store expansion programme and organic growth. Profit before tax and exceptional items rose by 32% to £403,000 and reported profit before tax increased to £403,000 from £6,000. Chairman James Newman said: "Fishing Republic has made strong progress over the year as we continued with expansion plans to build a significant position in the fishing tackle marketplace. "Results show very encouraging growth with revenues up by 41% to £5.8m and profit before tax and exceptional items up by 32% to £0.40m. "The outlook for the Group remains very positive. The fishing tackle marketplace is large but highly fragmented, with over 2,000 mainly owner-operated businesses and we continue to see a substantial growth opportunity for the group and our multi-channel model." Story provided by StockMarketWire.com

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