10th May 2021 10:41
Midwich Group PLC - audio visual distributor to trade market - Holds annual general meeting Monday at which Chair Andrew Herbert says the company's trading in the first four months of 2021 has been ahead of expectations, and significantly ahead of a year prior. "Although a number of the group's end user markets are expected to remain subdued for some time, good progress has been made in the rest of the business and all government employment support has now ceased," says Herbert. He adds that the board now expects that revenue and profit for the full year to be comfortably ahead of its original expectations. Also, declares the resumption of dividend payments starting with a special dividend of 3 pence per share, which will be paid on July 2.
Current AIM stock price: 498.55p, up 7.2% on Monday
Year-to-date change: down 0.3%
By Evelina Grecenko; [email protected]
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