(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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AIM - WINNERS
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nanosynth group PLC, up 36% at 0.49 pence, 12-month range 0.20p-1.65p. The stock jumps again after a rise of some 55% on Monday. It had updated on plans to move to the heating, ventilation, and cooling market, after demand for face masks has waned.
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Equals Group PLC, up 11% at 87.12 pence, 12-month range 42.00p-94.00p. The London-based payments firm, serving small and medium enterprises, expects to outperform full-year market expectations. Equals says that revenue in the first half of 2022 will be up 84% to GBP31.1 million from GBP16.9 million year-on-year.
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Kitwave Group PLC, up 10% at 151.42 pence, 12-month range 129.50p-177.00p. The wholesaler swings to profit in the half-year that ended April 30. Kitwave reports a pretax profit of GBP5.6 million, swinging from a loss of GBP3.5 million a year ago. Revenue jumps 52% to GBP222.3 million from GBP147.1 million. Declares an interim dividend of 2.50 pence per share.
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AIM - LOSERS
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Supreme PLC, down 28% at 91.11p, 12-month range 85.50p-245.00p. Supreme warns both revenue and earnings before interest, tax, depreciation and amortisation will be below financial 2022 levels as well as previous market expectations. It does, however, report a double-digit annual profit rise for the year ended March 31. The Manchester-based battery and lighting distributor posts a pretax profit of GBP16.3 million, up 25% from GBP13.0 million a year ago.
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By Eric Cunha; ericcunha@alliancenews.com
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Kitwave (KITW)
Equals Gp (EQLS)
Supreme Plc (SUP)