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IN BRIEF: Quixant rises with swing to annual profit and higher payout

5th Apr 2022 14:18

Quixant PLC - Cambridge-based technology outsourcer for gaming industry - Swings to a pretax profit of GBP4.9 million in 2021, from a loss of GBP2.0 million in 2020. Records revenue of GBP87.1 million, up 37% from GBP63.8 million. Credits this to strong demand and a robust order intake in 2021. Increases total dividend for 2021 by 20% to 2.4 pence per share from 2.0p the year prior. Says demand has continued to remain strong in the first quarter of 2022. Believes it will deliver growth in line with market expectations this year.

Current stock price: 154.00 pence, up 6.2%

12-month change: up 21%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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QXT.L
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