A Look at the Latest Financial Results of 3 Stocks- DTG, IKA and RWA

Be the First to Comment Read

A Look at the Latest Financial Results of 3 Stocks- DTG, IKA and RWA

 A Look at the Latest Financial Results of 3 Stocks- DTG, IKA and RWA

Summary

  • The revenue of the Dart Group increased by 21 per cent to £3,584.7 million for FY20 due to an increase in the passenger growth
  • The Ilika Group recorded a total turnover of £2.8 million during FY20, up by 7.7 per cent due to a rise in the commercial demand for evaluation samples of Stereax® miniature solid-state batteries
  • Robert Walter's total gross profit was recorded at £71.1 million for Q2, FY20, which was 33 per cent lower than the previous year’s corresponding quarter (Q2 2019: £106.4 million)

Below we have discussed the earnings of three listed stocks of the London Stock Exchange- Dart Group PLC, Ilika PLC and Robert Walters PLC.

Dart Group PLC (LON: DTG)

Company Profile

Dart Group is a travel and leisure services providing company. It specialises in the provision of scheduled holiday flights through the brand name of airline Jet2.com, and ATOL licensed package holidays via its tour operator, Jet2holidays.

Financial Highlights

On 9 July 2020, Dart Group PLC announced its preliminary results for the year financial ending 31 March 2020. The revenue of the company increased by 21 per cent to £3,584.7 million (2019: £2,964.4 million) because it achieved passenger growth of 14 per cent to 14.62 million (2019: 12.82 million), even though Jet2.com had to suspend its flying programme in mid-March due to the travel restrictions imposed by governments across Europe as a result of the spread of Covid-19 infections. The year 2020 was a record year as the group saw an increase in its profits before hedge ineffectiveness, FX revaluation and taxation from continuing operations by 50 per cent to £264.2 million (2019: £175.6 million). Profit before tax from continuing operations decreased by 11 per cent to £147.7 million (2019: £166.5 million) due to a net exceptional charge of £108.4 million and a loss on foreign exchange revaluations of £8.1 million (2019: £9.1 million loss). The company portrayed a strong liquidity position due to an increase in the total cash balance to £1,387.5 million (2019: £1,274.3 million).

Stock Performance

Dart Group PLC (LON: DTG) stock was trading at GBX 653.50 on 10 July 2020, at 8:30 AM, down by 8.73 per cent from its previous close of GBX 716.00. The 52-week low/high price was 305.80/1,943.00. It had a market capitalisation (Mcap) of £1,279.43 million. The volume traded at the time of reporting was 200,469. The company recorded a negative return on price, which was 58.44 per cent on a YTD (Year to Date) basis. The Beta of the company stood at 1.5, indicating that the volatility of the stock is higher than the benchmark index.

Ilika PLC (LON: IKA)

Company Profile

The Ilika PLC was founded in the year 2004, with its headquarters based in the United Kingdom. It develops solid-state battery technology to meet the application demand in MedTech, Industrial IoT (internet of things) and Electric Vehicles. The company operations are spread across the regions of the USA, China and Israel.

Financial Highlights

Ilika PLC declared its financial results for the year ending 30 April 2020, on 9 July 2020. The group recorded a total turnover of £2.8 million which increased by £0.2 million in comparison with the previous year 2019 due to an increase in the commercial demand for evaluation samples of Stereax® miniature solid-state batteries. The adjusted EBITDA loss for the year 2020 was £2.1 million (2019: £2.2 million). An improvement in the cash position was seen as the company recorded the cash, cash equivalents and bank deposits of £14.8 million (2019: £4.0 million). It raised net proceeds of approximately £14.2 million by an over-subscribed placing in March 2020.

Stock Performance

Ilika PLC (LON: IKA) stock last traded at GBX 60.00 on 10 July 2020 at 8:35 AM, down by 3.23 per cent from its previous close of GBX 62.00. The 52-week low/high price was 20.50/62.00. It had a market capitalisation (Mcap) of £85.93 million. The volume traded at the time of reporting was 38,386. The company recorded a positive return on price, which was 85.07 per cent on a YTD (Year to Date) basis. The Beta of the company stood at 0.9, indicating that the volatility of the stock is lower than the benchmark index.

Robert Walters PLC (LON: RWA)

Company Profile

Incorporated in 1985, with its headquarters in London, Robert Walters is a leading professional recruitment firm. It operates across 31 countries globally with approximately 3,700 employees, delivering staffing, recruitment process outsourcing and managed services worldwide.

Financial Highlights

Robert Walters declared its trading updates on 9 July 2020 for the second quarter ending 30 June 2020. The group's total gross profit was recorded at £71.1 million, which was 33 per cent lower than the second quarter’s value for the previous year (Q2 2019: £106.4 million). It was reflected through a decline in net profit of 34 per cent in the Asia Pacific region 31 per cent in Europe, 34 per cent in the United Kingdom and 35 per cent across America, Middle East and South Africa regions. . In order to reduce the cost of the company, various measures were taken such as slashing the Executive Director’s salary by 20 per cent and lowering in working hour rates globally. Jobs were also cuts by 5 per cent, which resulted in a total employee strength of 3,734 employees by the end of June 2020 (31 March 2020: 3,935). The cash position of the company stood at £119.3 million as at 30 June 2020 (30 June 2019: £54.4 million).

Stock Performance

Robert Walters PLC (LON: RWA) stock last traded at GBX 404.00 on 10 July 2020 at 8.56 AM. The 52-week low/high price was 237.00/614.00. It had a market capitalisation (Mcap) of £307.31 million. The company recorded a negative return on price, which was 27.34 per cent on a YTD (Year to Date) basis. The Beta of the company stood at 1.4, indicating that the volatility of the stock is higher than the benchmark index.

Conclusion

To summarize, two of the companies mentioned above, namely, Dart Group PLC and Ilika PLC have performed well with their revenues increasing by 21 per cent and 7.7 per cent during the financial year 2020. On the other hand, Robert Walters PLC saw a decline in its profit by 33 per cent during Q2, 2020. The fall was mainly an effect of the Covid-19 pandemic scenario.

Disclaimer

Speak your Mind

Featured Articles