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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Card Factory PLC, up 6.3% at 106.91 pence, 12-month range 79.60p-119.80p. Card Factory says its revenue in the year to January 31 climbs 10% to £510.9 million from £463.4 million a year prior. The greeting cards seller says pretax profit surged by 25% to £65.6 million from £52.4 million. It returns to the dividend list, with a 4.5p payout. It had suspended its dividend following the outbreak of Covid-19.
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SMALL-CAP - LOSERS
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Petrofac Ltd, down 28% at 10.58p, 12-month range 10.05p-87.50p. The stock slides again after a 34% slump on Monday. It warned at the start of the week that a financial restructuring could see a chunk of its debt converted to equity, resulting in dilution of existing shareholders. The energy infrastructure company also flagged an extra $130 million charge in its engineering and construction division and said the release of full-year results would be delayed. The stock hits this 52-week low on Tuesday, and shares are down 86% over the past 12 months.
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Anglo-Eastern Plantations PLC, down 8.2% at 703.54p, 12-month range 650.50p-886.00p. The Indonesia and Malaysia-focused palm oil and rubber producer says revenue in 2023 slumps 17% to $371.0 million from $447.6 million. Its pretax profit falls 41% to $77.8 million from $132.9 million. Anglo-Eastern lifts its annual dividend to 30.0 cents, from 25.0 cents.
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