Updates

Quixant - Densitron returned to profits in H1

October 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Quixant, the supplier of video slots hardware, has reported H1 incorporating a full six months from last November’s acquisition of Densitron .Sales were US$41.3m with Densitron contributing US$20.1m whilst ‘old’ Quixant, which was the gaming division, recorded revenues up 56% to US$21.2m. Pretax profit was US$5.2m, up from US$2.6m and eps lifted from 3.1 cents to 5.3 cents. Net debt halved to US$3.3m from six months earlier.The core business generated profits up 37% to US$3.4m and Densitron reported a US$1.1m profit after cutting overheads and listing costs, making improvements on the supply side and strengthening its production team.Overall, Quixant recorded a group gross margin of 35% down from 44%, ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Dunelm

Trakm8

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

Quixant - Densitron returned to profits in H1

October 2016

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW