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IN BRIEF: Quixant sees interim profit surge on buoyant customer demand

ALN

Quixant PLC - Cambridge-based technology products provider for gaming and broadcast industries - In the six months ended June 30, pretax profit surges to $2.8 million from $810,000 the previous year. Revenue climbs 46% to $53.3 million from $36.5 million. Cites significant growth in its Gaming and Densitron revenue thanks to ‘buoyant customer demand, enhanced customer penetration and proactive management of supply chains.’ Chief Executive Jon Jayal reports a ‘strong’ start to the second half of the year. Firm confident in its recently upgraded full-year expectations of revenue between £109.0 million and £110.0 million.

Current stock price: 164.99 pence, up 1.2% on Tuesday afternoon in London

12-month change: down 6.3%

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