 rose nearly 4 percent on Thursday, after it said that its short to medium-term performance was likely to remain strong.){kind=link}
Shares in landscaping company Marshalls (LON:MSHL) rose nearly 4 percent on Thursday, after it said that its short to medium-term performance was likely to remain strong.
Revenue rose 8 percent to £219.1 million over the last six months, up from £202.4 million last year. EBITDA also rose 13 percent to £36.7 million, with a continued improvement in operating margins seeing a 13.6 percent hike.
Profit before tax rose 16 percent to £29.1 million, with the company increasing its interim dividend by 17 percent to 3.40 pence per share, with net cash of £1.2 million.
Sales to the public and commercial end market remained the biggest contributor to Marshalls, accounting for 60 percent of the group’s total sales.
“The group continues to invest in product innovation and service delivery initiatives and is well placed to drive through further sustainable improvements in operational efficiency gains. The board believes that Marshalls’ innovative product range and strong market positions will continue to support growth and operational profit improvements during the delivery of the 2020 Strategy and will drive future shareholder returns,” said Chief Executive Martyn Coffey.
“The group’s focus remains the delivery of the growth initiatives set out in the 2020 Strategy, whilst maintaining a strong balance sheet and a flexible capital structure. The board remains confident of achieving its expectations for 2017,” Coffey added.
Shares in Marshalls are currently up 3.37 percent at 414.00 (0956GMT).