Marshalls H1 Pre-tax Profit Up 12%; Says Confident Of Achieving 2018 View

(RTTNews) - Marshalls plc. (MSLH.L) reported that its profit before tax for the six-month ended 30 June 2018 rose 12 percent to 32.53 million pounds from last year's 29.13 million pounds.

Profit attributable to equity shareholders of the parent grew to 26.16 million pounds or 13.13 pence from 23.78 million pounds or 11.94 pence per share in the prior year.

Revenue for the period grew 12 per cent to 244.34 million pounds from 219.13 million pounds in the same period last year.

The company's board has declared an interim dividend of 4.00 pence per share, representing an increase of 18 percent from last year. This dividend will be paid on 5 December 2018 to shareholders on the register at the close of business on 19 October 2018. The ex-dividend date will be 18 October 2018.

Looking ahead, Marshalls said its board remains confident of achieving its expectations for 2018.

The self-help program to support organic growth is progressing well and the integration of CPM Group Limited is on track with post acquisition trading continuing strongly, according to the company.