7th May 2025 10:46
(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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CT Automotive Group PLC, up 26% at 29.65 pence, 12-month range 21.00p-72.00p. The interior automotive components firm says trading in its first-quarter was in line with management expectations, and adds that tariffs could create "opportunities" and not only "challenges". CT's pretax profit in 2024 rises 26% to USD7.5 million from USD5.9 million, though revenue falls 16% to USD119.7 million from USD143.0 million. "Trading in the first quarter of 2025 was in line with management expectations benefitting from ongoing operational efficiencies and the commencement of new production programmes," CT adds. "While tariffs present challenges, they also create opportunities. In Q1 2025, customers chose to relocate three new programmes to CT Automotive to be produced in our Mexico facility, primarily to mitigate the potential impact of tariffs adding approx USD10 million of annual revenue." It is "on track to deliver mid-single digit revenue growth together with further margin expansion" in 2025.
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Kazera Global PLC, up 8.2% at 1.93 pence, 12-month range 0.35p-2.30p. The mining investment firm focused on early-stage assets gets a "comprehensive and favourable ruling" in arbitration proceedings against Namibia's Hebei Xinjian Construction CC. Kazera gets USD11.9 million from the ruling, which concludes that Hebei "breached its contractual obligations by failing to make full and timely payment" for the buy of Kazera's interest in African Tantalum (Pty) Ltd.
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AIM - LOSERS
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1Spatial PLC, down 12% at 44.75p, 12-month range 43.50p-77.00p. The data management software company reports weaker annual profit. Pretax profit falls 79% to GBP217,000 in the year to January 31, from GBP1.1 million. Revenue rises 3.3% to GBP33.4 million from GBP32.3 million. "While the slower pace of decision making and procurement experienced in the second half of last year, most notably in the US, is likely to continue, impacting our overall growth rate in the current year, the strength of our technology, leadership and expanding presence in key markets provide a solid foundation for the future. We are confident that 1Spatial is well-positioned for growth in FY 2026 and beyond," CEO Claire Milverton says.
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By Eric Cunha, Alliance News news editor
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Related Shares:
Ct AutomotiveKazera Global1Spatial Holdings