BATM H1 Adj. Operating Profit Declines

BATM Advanced Communications Limited (BVC.L) reported that its first half adjusted operating profit for ongoing operations declined to $1.5 million from $6.7 million, prior year, primarily due to the lower revenue from COVID-19 products. Adjusted gross margin was 31.6% compared to 38.4%, last year.

Net profit after tax attributable to equity holders of the parent was $0.1 million compared to $12.0 million, previous year. Profit per share, in cents, was 0.03 compared to 2.70.

Total Group revenue for ongoing operations was $57.5 million compared to $64.2 million, prior year, with growth in the Networking & Cyber division being offset by a reduction in the Bio-Medical division, primarily reflecting lower sales in the Diagnostic unit as well as the impact of the strengthening of the US dollar. On a constant currency basis, revenue for ongoing operations for the first half was $61.1 million.

Looking forward, the Group said it remains on track to deliver revenues for full year 2022 in line with market expectations.

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Lookers Plc H1 Pre-tax Profit Nearly Flat

Lookers Plc (LOOK.L), a British car dealership chain, said on Wednesday that its first-half pre-tax profit remained almost flat. However, it registered a rise in net profit and sales.

For the six-months to June, the Altrincham-headquartered firm reported a pre-tax profit of 49.9 million pounds, compared with 50.4 million pounds of previous year period.

Profit attributable to shareholders was at 40.4 million pounds or 10.19 pence per share, higher than last year’s 24.4 million pounds or 6.09 pence per share a year ago.

Operating profit stood at 61.5 million pounds as against 63.4 million pounds, recorded for the same period of 2021.

EBITDA also fell to 87.7 million pounds, versus 89.6 million pounds, year-over-year basis.

Lookers’ revenues rose to 2.23 billion pounds from previous year’s 2.15 billion pounds, on year-on-year basis. Like-for-like revenues also improved to 2.22 billion pounds from 2.14 billion pounds a year ago.

The Board has declared an interim dividend of 1.00 pence per share, to be paid on November 25, to shareholders of register on October 21.

Commenting on its trading, Lookers said: “Trading during July and August has been in line with expectations. Margins remain at H1 levels and the Group continues to maintain a strong order book for the remainder of 2022…”

CTS Eventim H1 Revenue Surges

CTS Eventim AG (CEVMF.PK), a German provider of ticketing services and live entertainment, on Wednesday posted a surge in normalized-EBITDA for the first-half, driven by a rise in sales.

For the six-month period to June, the Bremen-headquartered firm posted normalized EBITDA of 129.1 million euros, compared with 79.4 million euros of previous year period.

Group’s revenues moved up to 734.4 million euros as against 65.3 million euros of last year.

In the Ticketing segment, revenue rose to 201.5 million euros from 49.6 million euros, reported for the fist-half of 2021.

The Live Entertainment segment of the firm generated revenues of 541.5 million euros, versus 18.3 million euros, recorded for the same period of previous fiscal.

For the second quarter, CTS Eventim registered normalized EBITDA of 105 million euros, compared with 99 million euros of previous year period.

For the June quarter, revenues were at 595 million euros, compared with 46 million euros, on year-on-year basis.

Looking ahead, for the fiscal 2022, the company anticipates a significant year-on-year increase in earnings.

Great Value Walnut Chopped 4oz. Pouches Sold At Walmart Recalled

South Georgia Pecan Co. is recalling Great Value Walnut Chopped 4oz. pouches due to mislabeling and undeclared pecans, a known allergen, the U.S. Food and Drug Administration said. The products were sold at Walmart retail stores at various states.

The recall involves Great Value Walnut Chopped Pieces that comes in 4oz. resealable pouch with lot code 29329, UPC 78742201344 and use by date of April 29, 2023.

The product was shipped to select Walmart retail stores located in the States of Florida, North Carolina, and South Carolina. They were distributed between August 8 and August 16, 2022.

The pouches contain pecan pieces instead of walnuts. The agency noted that a packaging run of pecans was labeled as Chopped Walnuts.

The recall has been initiated due to mislabeling issue after the firm was notified by retailer that Great Value 4oz. Walnut Chopped Pouches contained pecan pieces.

People who have an allergy or severe sensitivity to pecans may get serious or life-threatening allergic reaction if they consume the recalled product.

However, the company has not received any reports of illnesses related to the affected item to date.

Consumers who have purchased these products are urged to return them to the place of purchase for a full refund or they may discard the product.

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ATRenew Inc. Q2 Loss Narrows

ATRenew Inc. (RERE) released Loss for second quarter that decreased from last year

The company’s bottom line totaled -RMB125.3 million, or -RMB0.78 per share. This compares with -RMB505.7 million, or -RMB13.47 per share, in last year’s second quarter.

Excluding items, ATRenew Inc. reported adjusted earnings of -RMB13.18 million or -RMB0.08 per share for the period.

The company’s revenue for the quarter rose 15.1% to RMB2.14 billion from RMB1.86 billion last year.

ATRenew Inc. earnings at a glance (GAAP) :

-Earnings (Q2): -RMB125.3 Mln. vs. -RMB505.7 Mln. last year.
-EPS (Q2): -RMB0.78 vs. -RMB13.47 last year.
-Revenue (Q2): RMB2.14 Bln vs. RMB1.86 Bln last year.

-Guidance:
Next quarter revenue guidance: RMB2.50- RMB2.55 Bln