Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming industry, is pleased to provide an update on trading for the six months ended 30 June 2019.
Revenue and profit before tax are in line with management expectations for the first half and the guidance given in March. A growing order book during H1 positions us well to deliver a strong second half to the year. Gross margin in the first half remained robust.
Jon Jayal, Quixant CEO, said:
“H1 2019 was completed as we expected and reported in March, with the lower than anticipated consumption of some major customers improving as we enter the second half. As a result, full year results will be a little more second half weighted than in previous years, as previously guided. We have continued to convert new business opportunities to orders which positions us well for long term growth.”
The Company’s interim results for the six months ended 30 June 2019 are expected to be announced on 24 September 2019.