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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%, ...

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Quixant - Densitron returned to profits in H1

October 2016

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