Small cap round up

Netcall, which provides customer engagement software, reported a fall in full year revenues as it gains more software as service contracts but maintained that it was trading in line with expectations. For the year ended 30 June, revenue fell slightly by 3.4% to £16.6m, compared to the previous year, due to a reduction in the MovieLine business and the growing software as a service contracts, but annualised core revenues rose by 9% to £10.9m.

Stellar Resources announced its interim results for the six months to 30 June on Tuesday, with an operating loss of £115,000 widening from £80,000 in the first half of last year.The AIM-traded firm posted a net loss after tax of £156,000, compared to £121,000 year-on-year, with current assets - including cash of £753,000 - of £2.01m at period end, up from £1.37m.

Boohoo, the UK based online retailer, has had a successful first half with its sales expanding more than expected.The group’s revenue rose 40% to £127.3m, beating Shore Capital’s forecast of 37.6%. Profit before tax rose 129% to £14.4m.

AIM-listed Avingtrans, which manufactures components to the energy, medical and industrial sectors, reported a fall in revenue after selling its aerospace division, but remains “cautiously confident” about the future of the company due to new contract wins. For the year ended 31 May, revenue from continuing operations decreased by 6% to £21.2m, compared to the previous year, as the company swung to a pre-tax profit of £100,000 from a £700,000 loss.

Back-office systems provider 365 Agile Group announced its unaudited results for the six months to 30 June on Tuesday, just over a year after the company completed the acquisition of 365 Agile Limited in a reverse takeover under the AIM Rules on 21 August 2015.At that time, the company said its focus was on the sale of software to provide field based workers access to traditional back office systems on smart phones or tablets.

Greenland and Finland-focused company FinnAust Mining announced on Tuesday that it has completed its 2016 work programme at the Pituffik Titanium Project in Greenland.The AIM-traded firm said the programme was designed in consultation with SRK Exploration Services, and executed by the Danish Geological Survey of Denmark and Greenland.

LED manufacturer LPA Group’s shares soared over 13% on Tuesday afternoon after the company said it was likely to exceed market expectations for the year, while the Brexit vote from the EU referendum had not affected its outlook. In a trading update for the year ending 30 September, the company reported order entry and sales output remained “strong” and the pipeline of business on rail vehicle platforms continued to grow, which provides opportunities to grow from 2017 and beyond.