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Summary
- RWS Holdings reported a 53 per cent rise in its adjusted pre-tax profits for H1 2021.
- VP Plc profits before tax, amortisation and exceptional items dropped to £23.3 million from £47.1 million in FY 2020.
- Oxford Instrument announced a dividend of 17 pence per share for FY 2021.
Several FTSE listed companies announced their earnings today, which include RWS Holdings PLC (LON:RWS), VP PLC (LON: VP.) and Oxford Instruments (LON:OXIG).
Let us see how these three industrial stocks performed and how the markets reacted after their earnings were announced:
- RWS Holdings PLC (LON:RWS)
UK-based intellectual property and tech enabled content management services company RWS Holdings announced its H1 2021 results today. RWS’ revenues increased by a sharp 92 per cent from £169.7 million in H1 2020 to £326.4 million in H1 2021.
It also reported that its adjusted profit before tax rose by 53 per cent from £33.1 million in H1 2020 to £50.5 million in H1 2021. The company had acquired SDL PLC in November 2020 to better position itself as a global leader in language services and technology.
(Image Source: Refinitv)
However, the market sentiments were not very supportive of the stocks, RWS’ shares were trading at GBX 612.00, down by 5.04 per cent on 8 June at 08:21 AM GMT+1. It’s market cap stood at £2.508 billion, and a year to date return of 13.69 per cent. The FTSE AIM UK 50 index, which it is a part of, stood at 6,688.78, up by 0.05 per cent.
Also Read: A Snapshot On FTSE - Alternative Investment Market (AIM)
- VP PLC (LON: VP.)
VP Plc is a UK based specialist equipment rental company. It announced its final year FY 2021 results today. The company reported its revenues fell to £308.0 million from £362.9 million in FY 2020.
Furthermore, its profit before tax, amortisation and exceptional items dropped from £47.1 million in FY 2020 to £23.3 million this year. VP took a number of steps to manage its business from the adverse impact of the pandemic, such as closing or merging of 25 of its business locations, reducing its commercial vehicle fleet material costs and other steps.
(Image Source: Refinitv)
VP’s shares were trading at GBX 890.00, up by 1.83 per cent on 8 June at 08:38 AM GMT+1. It’s market cap stood at £350.95 million and a year-to-date return of 12.66 per cent. The FTSE All Share index, which it is a part of, stood at 4,056.63, up by 0.19 per cent.
- Oxford Instruments (LON:OXIG)
UK-based Oxford Instruments is a technology provider in industry and research. The company released its preliminary FY 2021 result today.
Its revenues rose by 0.3 per cent to £318.5 million in FY 2021 compared to £317.4 million in FY 2020. Revenues rose by 1.7 per cent at a constant currency rate despite a challenging backdrop of covid-19.
Also, its adjusted operating profit increased by 12.3 per cent to £56.7 million this year from £50.5 million in FY 2020.
It also announced a dividend of 17.0 pence per share, which included an interim dividend of 4.1 pence per share and a proposed final dividend of 12.9 pence per share.
(Image Source: Refinitv)
OXIG’s shares were trading at GBX 2,155.00, up by 0.47 per cent on 8 June at 08:47 AM GMT+1. It’s market cap stood at £1.232 billion and a year-to-date return of 7.93 per cent.
Meanwhile, the FTSE 250 index, which it is a part of, stood at 22,953.06, up by 0.20 per cent.
Also Read: Buzzing FTSE Stocks – Zotefoams Plc, Oxford Instruments Plc and De La Rue Plc
