4 July 2023 - interim results

The AIM-listed wholesale business has announced interim results covering the six months to 30 April and these have revealed that revenues were up 23% over the same period in the previous year at £275m whilst pre-tax profits rose 48% to £8,3m.  Earnings per share rose by 44% to 9.1p and an interim dividend of 3.75p was declared.  These are impressive figures with the company benefitting from increased margins as all divisions of the group increased revenues.  Although much of the increase in revenue came from commodity-led price inflation there . . .

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