IN BRIEF: Midwich Decides Against Dividend After Bruising Interim

Tue, 08th Sep 2020 14:47

Midwich Group PLC - Norfolk-based audio visual distributor - Revenue in six months to June 30 slips 4.1% to GBP302.0 million from GBP314.8 million. Midwich swings to pretax loss of GBP2.5 million from GBP11.3 million profit. Midwich says period was "impacted significantly by Covid-19". Does not declare interim payout after 4.85 pence dividend a year earlier.

Current stock price: 399.55 pence

Year-to-date change: down 27%

By Eric Cunha; ericcunha@alliancenews.com

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