(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.
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SMALL-CAP - WINNERS
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Lamprell PLC, up 3.7% at 28.11 pence, 12-month range 24.80p-67.90p. The Hamriyah, United Arab Emirates-based provider of oil field services says it is working with "international rig operator" for key upgrade work on three jack-up drilling rigs for deployment in Gulf region. "The first of the rigs will arrive at Lamprell's Hamriyah quayside this month and work will begin immediately. The second and third rigs will follow later," Lamprell says. Contract is defined as "small", meaning value is below USD50 million.
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SMALL-CAP - LOSERS
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Treatt PLC, down 7.7% at 927.00 pence, 12-month range 900.00p-1,315.00p. Delivers first half performance in line with internal expectations. Sees "material" revenue growth in citrus, the company's largest business by revenue, with the second and third-largest businesses, synthetic aroma and herbs, spices & florals, also performing particularly well. In the six months to March 31, the company recorded a pretax profit of GBP6.3 million, down 39% from GBP10.4 million a year before. Operating costs increases to GBP11.7 million from GBP10.7 million, attributed to higher payroll costs. Also notes GBP2.6 million one-off costs related to relocation of UK facilities. Meanwhile, revenue grew 9.0% to GBP66.3 million from GBP60.8 million. Declares an interim dividend of 2.50 pence per share, reflecting a 25% increase compared to 2.00p a year before. Guides for financial 2022 revenue to grow more than 15%.
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By Paul McGowan; paulmcgowan@alliancenews.com
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Treatt (TET)