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Focusrite profit up 11% as product launches boost sales

Tue, 19th Nov 2019

Audio and music products company Focusrite booked an 11% rise in annual profit as product launches helped boost sales. Pre-tax profit for the year through August rose to £13.0m, up from £11.7m on-year. Revenue climbed 13% to £84.7m and the company declared an full-year dividend of 3.8p per share, up 15% on-year. Chief executive Tim Carroll said growth in profits had been driven by a number of factors, including new product launches such as its third-generation of Scarlett audio interfaces. 'We are also witnessing positive results from many of our IT-based initiatives that were implemented and funded over the past few years,' he said. At 2:19pm: (LON:TUNE) Focusrite Plc share price was -46p at 545p Story provided by StockMarketWire.com

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