10th Aug 2023 11:38
Marks Electrical Group PLC - Leicester-based electrical products' retailer - Says in the four months to July 31, revenue surged 31% to GBP36.2 million from GBP27.7 million a year prior. Adds that August trading has started well as it remains "laser focused" on maintaining revenue, profit and cash in order.
Chief Executive Officer Mark Smithson says: " We have maintained our tight control on inventory, overhead cost management and disciplined capital allocation, ensuring we have a healthy cash position and remaining focused on profitable market share".
Current stock price: 99.75 pence, up 5.6% on Thursday
12-month change: up 47%
By Sabrina Penty, Alliance News reporter
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