9th Apr 2025 11:07
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday.
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AIM - WINNERS
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Churchill China PLC, up 23% at 600.00 pence, 12-month range 450.00p-1,250.00p. Pretax profit falls 21% to GBP8.5 million during 2024 from GBP10.8 million in 2023, as revenue declines 4.9% to GBP78.3 million from GBP82.3 million. The ceramics products manufacturer declares a final dividend of 26.5 pence per share, bringing the total dividend for 2024 to 38.0p, up 5.6% on-year from 36.0p. "2024 was a challenging year with market contraction driving lower sales," says Chief Executive Officer David O'Connor. "We continue to address those activities that are within our control. We have accelerated our continuous improvement programme across the factory. Correspondingly, yields have improved and we see further opportunities for significant savings through this programme. In addition we are driving our capital expenditure to focus on innovation and cost reduction through automation and process control...We expect to see financial returns from our improvement activities over the coming years as the underlying macro conditions and consumer sentiment improves."
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Epwin Group PLC, up 3.9% at 93.50p, 12-month range 81.00p-110.00p. Pretax profit grows 61% during 2024 to GBP21.3 million from GBP13.2 million the year before. Revenue, on the other hand, declines 6.2% to GBP324.0 million from GBP345.4 million. Cost of sales are down 9.2% to GBP210.1 million from GBP231.4 million, distribution expenses are reduced by 5.0% to GBP39.9 million from GBP42.0 million, and administrative expenses are 11% lower at GBP45.5 million from GBP51.3 million. Epwin proposes a final dividend of 3.00 pence per share, up 7.1% on-year from 2.80p. This brings the total dividend for the year to 5.10p, up 6.3% from 4.80p. "In the first quarter of 2025 we are trading in line with our expectations. We remain confident in the group's future prospects and expect to make further strategic progress this year, despite the ongoing macroeconomic and fiscal headwinds," says Chief Executive Officer Jon Bednall.
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AIM - LOSERS
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Audioboom Group PLC, down 8.1% at 400.00p, 12-month range 185.00p-680.00p. The podcast publisher reports a swing to pretax profit of USD904,000 during 2024, from a USD16.8 million loss the year before. Revenue grows 13% to USD73.4 million from USD65.0 million. Audioboom anticipates "record" revenue and adjusted earnings before interest, tax, depreciation and amortisation profitability in 2025. "We are focused on creator partnerships that generate higher quality revenue for the business and as such we must be disciplined in our approach to our contracting. This may slow-down top-line growth on occasion, but is important to maintain our good health - as such, in the first quarter we intentionally relinquished a number of lower performing contracts, replacing them with higher-quality revenue that will drive profitability", says Chief Executive Officer Stuart Last. "The team at Audioboom are continuing to create maximum value for our partners, and we look forward to delivering a record 2025". Adjusted Ebitda in the first quarter of 2025 multiplies to USD700,000 from USD70,000 the year before, and revenue is up 1.2% on-year to USD17.3 million from USD17.1 million.
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By Emily Parsons, Alliance News reporter
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Related Shares:
Audioboom Grp.Churchill ChinaEpwin Grp