Gattaca (GATC)

Sector:

Support

Index:

FTSE AIM All-Share

 106.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 146.00
  • 52 Week Low: 77.50
  • Currency: UK Pounds
  • Shares Issued: 31.52m
  • Volume: 300
  • Market Cap: £33.57m

Gattaca unable to turn a profit despite increased revenues

By Iain Gilbert

Date: Thursday 09 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Net fee income (NFI) grew in line with market expectations at British human capital resources group Gattaca's over the financial year ended 31 July, but the firm failed to translate its increased revenues into profits.
In its preliminary results for the twelve month trading period, Gattaca said it had boosted its underlying income 4% to £642.4m and its NFI 2% to £74.7m, yet the group fell significantly short of last year's mark for underlying pre-tax profits, which came in 21% lower at £16.2m.

NFI declined in the firm's UK engineering and technology divisions, and Gattaca's strong performance in the North American market was more than offset by fewer contracts in South Africa that brought its international NFI down a total of 4%.

Basic earnings per share slipped 23% to 35.3p.

The firm noted that, excluding the impact of acquisitions such as Resourcing Solutions and Networkers, discounted operations, administrative expenses, non-recurring items and amortisation of intangibles, administrative expenses increased by £3.9m on a reported currency basis, principally due to the impact of exchange rate fluctuations and further investment in international sales staff.

Speaking on the results, chief executive Brian Wilkinson said: "Whilst the group's headline results reflect a challenging year, there has been significant progress in many areas of the business and we are confident of further improvement in 2018."

"Our Gattaca Solutions offering is gaining traction with a number of contract extensions and upgrades last year and an exciting pipeline of opportunities for 2018. Whilst this roll-out led to increased group support costs during the year, these investments will deliver returns in 2018 and beyond," he noted.

These increased costs led the group from a £15.3m cash positive position at the end of its previous financial year to £40.3m of net debt as of 31 July 2017.

"Our positive Q4 exit rates in North America and Asia lead us to expect further significant growth in these markets over the coming year," Wilkinson concluded.

As of 1000 GMT, shares had lost 1.61% to 305.00p.

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Gattaca Market Data

Currency UK Pounds
Share Price 106.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 146.00
52 Week Low 77.50
Volume 300
Shares Issued 31.52m
Market Cap £33.57m

Gattaca Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.49% below the market average47.49% below the market average47.49% below the market average47.49% below the market average47.49% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
60.00% above the market average60.00% above the market average60.00% above the market average60.00% above the market average60.00% above the market average
34.65% above the sector average34.65% above the sector average34.65% above the sector average34.65% above the sector average34.65% above the sector average
Income
6.94% above the market average6.94% above the market average6.94% above the market average6.94% above the market average6.94% above the market average
13.85% below the sector average13.85% below the sector average13.85% below the sector average13.85% below the sector average13.85% below the sector average
Growth
7.87% below the market average7.87% below the market average7.87% below the market average7.87% below the market average7.87% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Gattaca Dividends

  Latest Previous
  Final Special
Ex-Div 02-Nov-23 02-Nov-23
Paid 15-Dec-23 15-Dec-23
Amount 2.50p 2.50p

Trades for 28-Mar-2024

Time Volume / Share Price
13:50 300 @ 103.00p

Gattaca Key Personnel

CEO Matt Wragg
CFO Oliver Whittaker

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