LONDON Results Round up (10th December 2009)

Results Round Up Sports Direct has lifted its full year earnings expectations after higher sales from its shops helped the sports retailer shrug of a decline in its wholesale business to post a rise in sales and underlying pre-tax profits. In the half year to October 25, revenues climbed to Ł756.9m from Ł687.7m over the same period the previous year. Underlying pre-tax profits climbed to Ł71.9m from Ł51.8m, but reported pre-tax profits fell to Ł57.8m from Ł97.7m due to the impact of exchange rate movements. It now expects earnings before interest, depreciation and amortization to total at least Ł155m for the full year, compared with an estimate of Ł150m it made in October. Electronic components distributor Premier Farnell reported a 37% fall in third quarter profits, but said the period has seen further improvement as the rate of year on year sales decline in its business continued to ease. ‘Both the strength of our strategy and the resilience of our business are clear, as the improving sales trends seen in the third quarter accelerated in November, where group sales achieved positive year on year growth of 1.3%,’ said chief executive Harriet Green.

Results

Name	Type	Reporting Date	Turnover (m)		Pre-tax Profit (m)		EPS Adjusted		Dividend
Airsprung Furniture	Interim	30-Sep-09	Ł23.10	+9%	Ł0.47	n/a	1.30p	n/a	n/a	n/a
API Group	Interim	30-Sep-09	Ł40.33	-20%	Ł(3.33)	n/a	(0.17)p	n/a	n/a	n/a
Consort Medical	Interim	31-Oct-09	Ł61.54	-4%	Ł5.19	-32%	19.00p	-10%	7.00p	n/a
DS Smith	Interim	31-Oct-09	Ł1,018.00	-8%	Ł34.20	-22%	6.10p	-21%	1.50p	-42%
Hartest Holdings	Interim	30-Sep-09	Ł9.42	-6%	Ł0.01	n/a	0.06p	n/a	0.67p	n/a
Impax Asset Management Group	Final	30-Sep-09	Ł10.39	-9%	Ł2.59	-30%	2.63p	-22%	0.40p	+14%
International Greetings	Interim	30-Sep-09	Ł93.75	-5%	Ł0.83	n/a	0.50p	+67%	n/a	n/a
Max Petroleum	Interim	30-Sep-09	$20.64	-34%	$(113.87)	n/a	(31.00)¢	n/a	n/a	n/a
Mulberry Group	Interim	30-Sep-09	Ł32.32	+16%	Ł1.53	+16%	2.23p	+40%	n/a	n/a
Mwana Africa	Interim	30-Sep-09	Ł8.55	-59%	Ł(3.89)	n/a	(0.95)p	n/a	n/a	n/a
Photo-Me International	Interim	31-Oct-09	Ł117.69	+9%	Ł9.00	+208%	1.77p	+49%	0.25p	n/a
Premier Farnell	Q3	01-Nov-09	Ł199.80	-4%	Ł11.10	-37%	2.60p	-24%	n/a	n/a
SPARK Ventures	Interim	30-Sep-09	Ł1.01	-33%	Ł(1.49)	n/a	(0.36)p	n/a	n/a	n/a
Sports Direct International	Interim	25-Oct-09	Ł756.90	+10%	Ł57.81	-41%	8.52p	+48%	n/a	-100%
Titon Holdings	Final	30-Sep-09	Ł14.05	-14%	Ł(0.21)	n/a	(1.91)p	n/a	2.00p	n/a

Other Companies Reporting Today

DTZ Holdings, Invocas, MBL Group, Ocean Power Technologies, Tricorn Group