Business
Replacement Half-year Report
Replacement Half-year Report.
About this update from Unigel Group Plc
[{"type":"text","content":"\n\n \n \nThe 'Interim Results' announcement released on 31 August 2023 at 7:00 AM under RNS No 8648K has been reformatted.\n \nAll material details remain unchanged.\n \nThe full text is shown below.\n \n \n \n \n\n \nUnigel Group plc\n(the \"Group\" or the \"Company\")\nInterim Results\n \nUnigel Group plc (AQSE: UNX), the manufacturer and supplier of materials used in the manufacture of telecommunication fibre optic cables announces its unaudited half-year results for the period ended 30 June 2023. Comparative data is for the post-acquisition six month period ended 31 December 2022.\n \nOperational highlights\n \nThe Group continues to make progress in operational improvements:\n \n· New customer acquisitions in both our steel tape and thixotropic gel businesses\n· De-risking and diversifying our raw material sourcing base\n· Cost improvement in our logistics and material handling activities\n· Operating cost improvement through optimisation of production staff and administrative resources\n \n \nFinancial highlights\n \nKey figures for the six months to 30 June 2023 with comparatives for the six months to 31 December 2022 were as follows:\n \n· Revenue of £17.95m (£18.83m)\n· Gross profit of £2.39m with a gross profit margin of 13.3% (£2.23m and 11.8%)\n· Administrative expenses of £1.47m (£1.73m)\n· Profit after tax of £0.63m (£0.32m)\n· Final dividend of 2.5p per share distributed post period end in July 2023\n \n \nThis announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.\n \nEnquiries: \n \n\n\n\nUnigel Group plc\n\n\n \n\n\n\n\nEric Chhoa\n\n\n+81 7022 613 812\n\n\n\n\nGary Revel-Chion\n \n\n\n+44 (0) 1273 612 122\n\n\n\n\nCairn Financial Advisers LLP (AQSE Corporate Adviser)\n \n\n\n \n\n\n\n\nJo Turner\n\n\n+44 (0) 20 7213 0880\n\n\n\n\nLudovico Lazzaretti\n\n\n \n\n\n\n \n \n \n&n...