LONDON (Alliance News) - Audiovisual distributor Midwich Group PLC has started 2019 well, it said on Monday, following a strong outturn in 2018.
Chair Andrew Herbert, in his annual general meeting statement, said: "The group delivered a strong performance in 2018, achieving revenue and profit growth across all our businesses and regions."
"We remain committed to our established strategy of delivering strong organic growth, supplemented by targeted acquisitions, as well as building our expertise in a broader range of markets and products. Trading in the first four months of the year has been in line with the board's expectations and we look forward with confidence."
In mid-March, Midwich reported a 12% rise in pretax profit for 2018 to GBP21.1 million, on the back of revenue climbing 22% to GBP573.7 million.
Midwich boosted its dividend by 10%, reaching 15.20 pence for the year.
Midwich shares were 1.7% higher on Monday morning at a price of 633.52p apiece.
Midwich Group (MIDW)