21st May 2024 10:41
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Avon Protection PLC, up 2.4% at 1,360.30 pence, 12-month range 582.00p-1,408.00p. The personal protection equipment company ups its outlook, now predicting yearly revenue growth of around 10%. It had previously predicted "high single-digit revenue growth". For the first half to March 30, Avon Protection reports revenue grows 25% to USD127.1 million from USD101.6 million. It swings to a pretax loss of GBP1.5 million, however, from profit of GBP300,000. Adjusted pretax profit jumps 66% to USD8.8 million from USD5.7 million. General and administrative expenses grow 41% to USD31.8 million from USD22.5 million.
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Gore Street Energy Storage Fund PLC, up 2.4% at 66.85p, 12-month range 58.80p-104.60p. The investor in utility-scale energy storage projects expects to report revenue of GBP41.4 million for the year ended March 31, a rise of 5.3% from GBP39.3 million. Earnings before interest, tax, depreciation and amortisation are expected to climb 2.2% to GBP28.4 million from GBP27.8 million. "These strong results highlight the benefits of the company's unique portfolio, diversified by geography, revenue streams and regulatory regimes," the firm says.
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SMALL-CAP - LOSERS
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Capita PLC, down 3.4% at 14.55p, 12-month range 12.40p-35.93p. The outsourcer says adjusted revenue in the four months to April 30 declines 9% on-year, though this was in line with expectations. It maintains its outlook for the full-year and predicts a revenue decline for the half-year.
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By Eric Cunha, Alliance News news editor
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