Morning Eyecatchers: Greene King beats expectations

Thu Jul 2, 2009 9:08am BST
 
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* Wellstream Holdings order backlog remains in excess of £220 million; delivered strong operational performance; secures 90% of 2009 anticipated revenue; Pyrenees project progressing well; final pipe deliveries complete; sees installation work finished by year end; sees trading in line with views

* Greene King full-year revenue £954.6 million vs £942.3 million; adjusted operating profit £216.2 million vs £231.8 million; pre-items, pre-tax profit £118.5 million vs £139.4 million; adjusted eps 72.6p vs 66.5p; retail comparable sales up 1.7%; Pub Partners' trends have stabilised; adjusted pre-tax profit above original forecast; Belhaven adjusted pre-tax profit over £30 million; continuing to pay down debt of £46.9 million; maintaining capital investment at £84.5 million; maintaining dividend at 15.1p making total 22.4p; completed £207.5 million post year-end; 11 pubs acquired at £30.4 million; bonds repurchased £22.4 million; outlook remains uncertain; current trading encouraging

* Petrofac wins $350 million gas compression project at Kauther gas field; contract awarded on behalf of government of Oman; to undertake engineering, procurement and construction

* Intermediate Capital launches rights issue to raise £351 million

* Game Group continues to perform in line, remains confident of synergies of about £16 million, gross margins improving to 175 bps from 150

* Phot-Me International full-year ebitda £38.6 million; loss before tax £5.1 million; search for new chief executive well advanced

* Intec Telecom Systems wins contract extension

* Carpathian secures loan extension to 2011

* Volvere all operations performed well; sees strong full-year 2009 results

* Metalrax subsidiary to commence insolvency proceedings

* Accsys Technologies full-year pre-tax profit 1.8 million vs 5.4 million

* ProStrakan settles tax dispute with Sanofi-Aventis unit

* Immunodiagnostic Systems new assay launched for IDS-iSYS

* Tikit warns order deferrals hurst second quarter revenue and margins

* Mecom sells major stake in Sweden's Mobiento to cut debt

* Hardide afrees fundraising to develop diamond technology

* XCounter and Artemis Imaging to work together

* OpSec Security Group ful-year pre-tax loss £780,000 vs profit £2.65 million

* AH Medical properties full-year pre-tax losses £8.26 million vs £1.39 million

* Northbridge Industrial Services buys Air Compressor rental fleet

* IngeniousMediaActive full-year pre-tax loss £32.4 million vs loss £8 million

* Proventec considers equity issue; receives loan

* Eros International full-year pre-tax profit $48.4 million vs $45.5 million

* AEC Education acquires Malvern House

* Discovery Metals confirms groundwater resources at Boseto

* Russia first-half 2009 oil output down 0.1%; natural gas output plunges 20.8%

 

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