20th May 2024 11:05
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
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AIM - WINNERS
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CT Automotive Group PLC, up 23% at 69.00 pence, 12-month range 32.00p-85.00p. The supplier of interior components for automobiles says it "bounced back" last year, after a "pro-longed hiatus relating to the Covid pandemic" in key markets. Revenue in 2023 rose 15% to USD143.0 million from USD124.3 million a year prior. It swings to a pretax profit of GBP5.9 million from a loss of GBP18.8 million. Chief Executive Officer Simon Phillips says: "The improved market and successful fundraise allowed our business to flourish in the second half and we used this period to drive new cost efficiencies across the business, enhancing our performance and setting the business up for sustained success with trading in the first part of 2024 in line with expectations."
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SDI Group PLC, up 12% at 71.50p, 12-month range 51.00p-156.00p. The maker of scientific and technology products for use in digital imaging and sensing and control applications expects earnings to fall for the year ended April 30, but it reports "a good finish to the financial year". The company expects an adjusted pretax profit of GBP8.0 million, down 32% from GBP11.8 million the year prior. SDI anticipates revenue of GBP65.9 million, down 2.5% from GBP67.6 million. Both outcomes will be in line with market expectations. Chair Ken Ford says: "I am pleased to report that the group had a good finish to the financial year, with better trading performances at a number of SDI businesses."
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AIM - LOSERS
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Haydale Graphene Industries PLC, down 3.4% at 0.43p, 12-month range 0.39p-1.40p. The developer of materials using graphene and other nanomaterials expects results for the year ended June 30 to be below market expectations. Haydale expects revenue of GBP4.7 million, shy of market expectations of GBP5.8 million, but up around 9.3% from GBP4.3 million a year prior. "As reported in the half year interims, the building blocks to take the US silicon carbide business up the value chain and into tooling manufacture and sales have largely been completed, however orders at volume are taking longer than anticipated to crystallise," it warns.
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By Eric Cunha, Alliance News news editor
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