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Quixant lifts FY pretax profit, more than doubles revenue

By BFN News | 09:19 AM | Wednesday 22 March, 2017


Quixant has lifted its FY pretax profit to $11.7m, from $7.8m, as it more than doubled revenue and confirmed a good start to 2017. The company said revenue was $90.4m, from $41.8m. It proposed a FY dividend of 2p a share, up from 1.5p. "I am delighted with the financial and operational performance of the Group in 2016," said CEO Nick Jarmany. "Our core business continued to grow impressively and, along with strong growth in gaming monitors and the Densitron division performing ahead of expectations, the Group has delivered excellent results for the year." Jarmany said Quixant had enjoyed a "good start to 2017" and that he was confident the company was well placed to build on this and continue to deliver strong growth for the full year and beyond. At 9:19am: (LON:QXT) Quixant share price was +17.5p at 382.5p Story provided by StockMarketWire.com

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