13th Oct 2022 11:15
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.
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AIM - WINNERS
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Quixant PLC, up 7.0% at 175.00 pence, 12-month range 110.00p-188.00p. Expects results ahead of market expectations, with pretax profit of USD10 million on revenue of USD115 million. "I am delighted to report a second upgrade in expected revenue and profit in the current financial year. This has been driven by ongoing buoyant customer demand, continued recovery in gross margins and ongoing management of supply risk. The strategy we have in place across the group is delivering, as we launch new products, diversify revenue, and become more closely integrated within our customers' value-chain," the gaming technology products provider says.
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AIM - LOSERS
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Distil PLC, down 15% at 0.90p, 12-month range 0.74p-2.08p. The premium drinks maker, which sells brands such as RedLeg Spiced Rum, says revenue in the six months to September 30 plunges to GBP460,000 from GBP1.4 million. Its pretax loss widens to GBP555,000 from GBP45,000. During the half, it moved towards direct sales of its product, instead of through a distributor.
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Brooks Macdonald Group PLC, down 4.4% at 1,740.00p, 12-month range 1,720.90p-2,800.00p. Closing funds under management at September 30, its first-quarter end, slip to GBP15.5 billion from GBP15.7 billion at the end of June. It records GBP200 million worth of net flows, but it takes a GBP334 million hit from market movements.
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By Eric Cunha; [email protected]
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