UK's Zotefoams leads small-cap gainers on Q3 sales growth
04/11/2024 08:35
** Shares of Zotefoams ZTF.L rise 6.7% to 380 pence; top
pct gainer on the FTSE small-cap index .FTSC , which is up 0.1%
** The chemical maker posts 54% growth in Q3 sales to 39.7
mln pounds ($51.53 mln)
** Says footwear revenue represented 48% of Q3 sales, up
from 32% last year due to elevated short-term demand driven by
supply chain re-configuration at Group's largest customer
** Sees FY revenue and adjusted pre-tax profit in line with
company compiled views
** Including session's gains, stock up 13.03% YTD
($1 = 0.7705 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru)
((DhanushVignesh.Babu@thomsonreuters.com;))