JTC (JTC)

Sector:

Financials

Index:

FTSE 250

821.00p
   
  • Change Today:
      1.50p
  • 52 Week High: 830.00
  • 52 Week Low: 627.50
  • Currency: UK Pounds
  • Shares Issued: 166.01m
  • Volume: 74,496
  • Market Cap: £1,362.91m
  • RiskGrade: 117

JTC H1 revenues rise on strong performance from ICS division

By Iain Gilbert

Date: Tuesday 13 Sep 2022

LONDON (ShareCast) - (Sharecast News) - Fund manager JTC revealed on Tuesday that both revenues and profits had grown in the six months ended 30 June, with the group's ICS division being the "star performer" throughout the period.
JTC said first-half revenues had risen 38.8% to £93.0m, leading to a 46.7% increase in underlying operating profits to £20.2m and a 49% improvement in underlying pre-tax profits to £16.9m.

Underlying earnings were up 40.1% at £30.7m, with EBITDA margins rising 0.3 percentage points to 33% on an underlying basis, while earnings per share were green 35.3% on an underlying basis to 16.23p.

However, on a reported basis, EBITDA margins contracted 2.5 percentage points to 27.2%, pre-tax profits slumped 42.9% to £21.0m and earnings per share tumbled 52.2% to £14.21m.

The FTSE 250-listed firm highlighted that it had delivered an "outstanding performance" and improved margins in its ICS division, with good growth and new business wins, while high performances were said to have continued in its PCS division, with solid margins and good new business wins.

JTC added that momentum seen in 2021 had continued into 2022, with the board now confident that it will deliver revenues and underlying EBITDA ahead of market expectations, as well as net organic growth above guidance range, more than offsetting higher interest costs and cost inflation.

As of 0840 BST, JTC shares were up 2.10% at 785.15p.







Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

JTC Market Data

Currency UK Pounds
Share Price 821.00p
Change Today 1.50p
% Change 0.18 %
52 Week High 830.00
52 Week Low 627.50
Volume 74,496
Shares Issued 166.01m
Market Cap £1,362.91m
RiskGrade 117

JTC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
98.1% below the sector average98.1% below the sector average98.1% below the sector average98.1% below the sector average98.1% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average44.83% above the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
84.85% below the sector average84.85% below the sector average84.85% below the sector average84.85% below the sector average84.85% below the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 0
Sell 1
Strong Sell 0
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

JTC Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Sep-23 01-Jun-23
Paid 20-Oct-23 30-Jun-23
Amount 3.50p 6.88p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 41,952 @ 821.00p
16:35 1 @ 821.00p
16:35 161 @ 821.00p
16:35 234 @ 821.00p
16:35 143 @ 821.00p

JTC Key Personnel

CEO Nigel Le Quesne
CFO Martin Fotheringham

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