6th Mar 2015 07:44
LONDON (Alliance News) - Landscape products company Marshalls PLC on Friday reported a rise in pretax profit for 2014 on the back of higher revenue and better margins and hiked its final dividend.
Marshalls said its pretax profit for the year was GBP22.4 million, up 72% on the GBP13 million posted a year earlier.
Revenue rose to GBP358.5 million from GBP307.4 million but the paving stones company saw an improvement in its operating margin to 7.1% from 5.2% a year earlier.
The company hiked its final dividend to 4 pence per share from 3.5 pence a year earlier, giving it a total dividend of 6 pence against 5.25 pence.
Marshalls added sales in the first two months of 2015 were up 13% year-on-year and the group expects to make further progress this year amid what it expects to be continuing favourable market conditions.
"2014 has been a strong year for Marshalls with significant revenue and profit growth. Trading conditions remain positive and the Group continues to experience strong order intake and sales growth in all its end markets," said Chief Executive Martyn Coffey.
By Sam Unsted; [email protected]; @SamUAtAlliance
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