Half Year Earnings Release: ROR, GENL, SYNTS And RR

Half Year Earnings Release: ROR, GENL, SYNTS And RR

Rotork Plc

Rotork Plc (LSE: ROR) is a United Kingdom based company engaged in flow control & actuator manufacturing. The company is located at the city of Bath and was incorporated in the year 1957. The company operates in every market segment where the flow of gases and liquids needs to be controlled. The company provides its services worldwide with the help of local offices and agents, which help in easy availability of Rotork’s products, supported by maintenance, repair and upgradation services. The company has wide market coverage and operates in various industries e.g. Oil & Gas, Marine, Power Generation, Mining and Water & Sewage. Rotork Plc conducts its business operations through four segments. The business segments are – Rotork Fluid Systems; Rotork Controls; Rotork Instruments; and Rotork Gears.

Financial Results and Review – H1 FY 2019 (£, million) – August 6, 2019

(Source: Interim Report, Company Website)

 

In H1 FY 2019, the company reported revenue of £318.6 million, which was down 3.7 per cent versus £331.0 million in H1 FY 2018. In H1 FY 2019 adjusted operating profit came in at £67.2 million, up by 2.8 per cent versus £65.4 million in H1 FY 2018. Adjusted operating margin came in at 21.1 per cent, an improvement of one hundred and thirty basis points as compared to the same period last year. Profit before tax came in at £52.2 million in H1 FY 2019 versus £54.7 million in H1 FY 2018, down by 4.5 per cent. Adjusted profit before tax came in at £65.8 million in H1 FY 2019, up 2.2 per cent year over year. The company’s reported basic EPS for H1 FY 2019 was 4.6 pence as compared to 4.7 pence in H1 FY 2018. Adjusted basic EPS stood at 5.8 pence in H1 FY 2019 as compared to 5.6 pence in H1 FY 2018. The company reported a dividend of 2.30 pence for H1 FY 2019 as compared to 2.20 pence in H1 FY 2018. The increase in the dividend was toadied by strong cash generation and commitment towards a progressive dividend policy.

Rotork Plc Share Price Performance

Daily Chart as on August 7, 2019, before the market close (Source: Thomson Reuters)

On August 7, 2019, at the time of writing (before the market close, GMT 2:48 PM), Rotork Plc shares were trading at GBX 310.00, up by 0.81 per cent against the previous day closing price. Stock’s 52 weeks High and Low is GBX 346.00/GBX 232.60. The outstanding market capitalization was around GBP 2.68 billion. Stock’s average traded volume for 5 days was 2,258,990.80; 30 days – 1,569,288.80, and 90 days – 1,660,462.64. The company’s stock beta as on date was 1.03, depicting almost the same volatility as that of the benchmark index.

Genel Energy Plc

Genel Energy plc (LSE: GENL) is engaged in oil and gas exploration and production in the Kurdistan Region of Iraq, where the company is the largest holder of reserves and resources. The company is listed on the London Stock Exchange and is one of the largest independent oil producers trading on the exchange. The company has interests in two producing fields, Taq Taq and Tawke, which are its low-cost assets, and had an average net production of 37,000 barrels per day in 2018. The company’s operations are differentiated into three operating segments: Oil, Miran/Bina Bawi and Exploration.

Financial Results and Review – H1 FY 2019 ($, million) – August 6, 2019

(Source: Interim Report, Company Website)

In H1 FY 2019 the company reported an impressive 20.6% revenue increase to USD 194.3 million from USD 161.1 million in H1 FY 2018, the upside coming from an improved average oil price. Gross Profit in H1 FY 2019 came in at USD 102.0 million versus USD 85.6 million in H1 FY 2018. Operating Profit came in at USD 91.9 million in H1 FY 2019 as compared to USD 73.3 million in H1 FY 2018. Profit before tax came in at USD 76.4 million versus USD 59.3 million in H1 FY 2018. The company reported basic EPS for H1 FY 2019 of 27.2 cents as compared to 21.3 cents in H1 FY 2018. Diluted EPS stood at 27.1 cents in H1 FY 2019 as compared to 21.2 cents in H1 FY 2018.

Genel Energy Plc Share Price Performance

Daily Chart as on August 7, 2019, before the market close (Source: Thomson Reuters)

On August 7, 2019, at the time of writing (before the market close, GMT 2:48 PM), Genel Energy Plc shares were trading at GBX 168.6, down by 5.70 per cent against the previous day closing price. Stock’s 52 -week High and Low prices are GBX 292.00/GBX 151.20. The outstanding market capitalization was around GBP 497.34 million. Stock’s average traded volume for 5 days was 613,024.60; 30 days – 638,948.10, and 90 days – 887,726.07. The company’s stock beta as on date was 2.08, reflecting significantly higher volatility as compared to the benchmark index.

Synthomer Plc

Synthomer Plc (LSE: SYNT) is one of the world’s leading suppliers of wet polymers. The company’s polymers help its customers from different industries including construction, paper, synthetic latex gloves, textiles and coatings to create new products and improve the performance of existing products. The company increased its product portfolio and expanded its reach in other markets after the acquisition of Hexion’s Performance Adhesives and Coatings (PAC) business in the year 2016. The company has its operations worldwide with the Middle East, Asia, Europe and North America being the major markets. The company’s products are available in over 100 countries backed by a wide network of distributors and agents.

Financial Results and Review – H1 FY 2019 (£, million) – August 6, 2019

(Source: Interim Report, Company Website)

In H1 FY 2019 revenue of the company fell by 8.5 per cent to £762.7 million versus £833.8 million in H1 FY 2018. The company’s H1 FY2019 underlying operating profit for was £74.7 million against £79.4 million in H1 FY2018. The company’s underlying PBT (Profit before tax) for H1 FY2019 was £70.2 million against £76.2 million in H1 FY2018. The company’s reported basic EPS was 16.5 pence in H1 FY2019 versus 17.1 pence in H1 FY2018. The company’s dividend per share was 4.0 pence in H1 FY 2019 against 3.7 pence in H1 FY 2018.

Synthomer Plc Share Price Performance

Daily Chart as on August 7, 2019, before the market close (Source: Thomson Reuters)

On August 7, 2019, at the time of writing (before the market close, GMT 2:48 PM), Synthomer Plc shares were trading at GBX 283.0, up by 0.93 per cent against the previous day closing price. Stock’s 52-week High and Low prices are GBX 541.89/GBX 279.20. The outstanding market capitalization was around GBP 1.19 billion. Stock’s average traded volume for 5 days was 979,489.40; 30 days – 1,153,522.04, and 90 days – 796,232.18. The company’s stock beta as on date was 1.06, reflecting slightly higher volatility as compared to the benchmark index.

Rolls-Royce Holdings PLC

Rolls-Royce Holdings PLC (LSE: RR) is a British industrial technology company, focused on power and propulsion systems. The company traces back its origins to Henry Royce and CS Rolls, who formed Rolls-Royce Limited in March 1906. Throughout the world, Rolls-Royce has continuously remained one of the most famous and renowned names in engineering, with customers in over 150 countries, ranging from commercial airlines, armed forces and marine customers. It also engages in supporting a worldwide network of 31 University Technology Centres and employs 54,500 people in 50 countries, spanning across six continents.

Financial Highlights-FY 2018 (£, million)

(Source: Annual Report, Company Website)

 

For H1 FY 2019, the company’s underlying revenue was £7,213 million as compared to £6,680 million in the year ago period. The 8 per cent rise was due to an increase in the revenue from services. Gross profit came in at £995 million in H1 FY 2019 against £897 million in H1 FY 2018.  The company’s Operating profit for the H1 FY 2019 stood at £203 million against operating profit of £146 million in H1 FY 2018. The company’s finance costs increased by 68 per cent year over year to £109 million. The Underlaying Loss for the period stood at £24 million for H1 FY 2019 against Profit of £59 million in H1 FY 2018. Underlying earnings per share stood at negative 1.4 pence in H1 FY 2019 as compared to a positive 3.1 pence in H1 FY 2018.

Rolls-Royce Holdings PLC Share Price Performance

Daily Chart as on August 7, 2019, before the market close (Source: Thomson Reuters)

On August 7, 2019, at the time of writing (before the market close, GMT 11:20 AM), Rolls-Royce Holdings Plc shares were trading at GBX 732.60, down by 3.48 per cent against the previous day closing price and marked its new 52 weeks low. Stock’s 52-week High is GBX 1,078.65. The outstanding market capitalization was around £14.54 billion. Stock’s average traded volume for 5 days was 979,489.40; 30 days – 1,153,522.04, and 90 days – 796,232.18. The company’s stock beta as on date was 1.06, reflecting marginally higher volatility as compared to the benchmark index.

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