23rd Jul 2019 11:33
(Alliance News) - Quixant PLC said Tuesday it is on track to meet management expectations and March guidance and predicts the year will be second-half weighted as its second half performance improves.
Shares in Quixant, which makes computing platforms and monitors for gaming and slot machines, were up 6.5% at 278.00 pence in morning trade.
Quixant Chief Executive Jon Jayal said: "H1 2019 was completed as we expected and reported in March, with the lower than anticipated consumption of some major customers improving as we enter the second half. As a result, full year results will be a little more second half weighted than in previous years, as previously guided. We have continued to convert new business opportunities to orders which positions us well for long term growth."
The company said it had a growing order book in the first half of the year and is well positioned for a "strong second half" after a "robust" first half margin.
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