LONDON (ShareCast) - (Sharecast News) - Gaming industry technology group Quixant traded in line with expectations during the first half of the year, positioning it well for a solid second half, it said on Tuesday.
Quixant said that both revenues and pre-tax profits were in line with management expectations for the half.

The AIM-listed group also said that its growing order book during the six months ended 30 June had set it up to deliver "a strong second half to the year".

Meanwhile, its gross margin remained "robust" during the half.

Chief executive Jon Jay 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."

Looking forward, Jayal added that Quixant had continued to convert new business opportunities to orders, positioning the group well for long term growth.

As of 0955 BST, Quixant shares had climbed 7.28% to 280p.

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