IN BRIEF: Quixant shares up on yearly dividend lift as profit jumps

Quixant PLC - Cambridge-based technology products provider for gaming and broadcast industries - Posts revenue of USD119.9 million for 2022, up 38% from USD87.1 million a year earlier. Revenue in its Gaming division jumps by 57% to USD74.1 million from USD47.3 million. Pretax profit is USD8.8 million, up 80% from USD4.9 million, as adjusted pretax profit jumps by 89% to USD10.2 million from USD5.4 million. Declares a dividend of 3.0 pence per share, up 25% from 2.4p a year prior. Looking ahead, notes positive trading momentum into 2023.

Chief Executive Officer Jon Jayal says: "We delivered a strong financial performance during the year, with record revenues for the group significantly ahead of expectations at the start of the year, driven by double-digit revenue growth across both Quixant Gaming and Densitron."

Current stock price: 186.80 pence each, up 6.1% on Tuesday morning in London

12-month change: up 27%

By Xindi Wei, Alliance News reporter

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