24th May 2022 10:03
(Alliance News) - RS Group PLC on Tuesday said it is on its "journey to greatness" to deliver stronger revenue and profit as both figures jumped significantly in its recently ended financial year.
RS Group is a London-based industrial and electronic products distributor.
For the year ended March 31, revenue rose by 28% to GBP2.55 billion, compared with GBP2.00 billion the year before.
Pretax profit stood at GBP302.2 million, up 88% compared with GBP150.6 million the year before.
Chief Executive Officer Lindsley Ruth said: "This has been an exciting and successful year as we have continued to grow market share, improved our operating performance across all three regions and started to unite our teams under the RS Group brand.
"We are well positioned on our journey to greatness to drive stronger revenue and high-quality profitable growth to deliver significant sustainable value for all our stakeholders in making amazing happen for a better world."
RS Group declared a final dividend of 11.6 pence per share from 9.8 pence per share in the previous year. Its total payout will be 18.0p, up 13%.
Looking ahead, the group aims to unlock further growth and improve its operational execution.
RS Group shares were down 1.7% at 903.00 pence each on Tuesday morning in London.
By Xindi Wei; [email protected]
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