StockMarketWire.com - MBL, the AIM listed distributor of home entertainment products, has increased profit before tax by 42.1% to £8.1m in the year ended 31 March 2009.

Revenue powered ahead to £143.6m, a 77.5% jump on the previous year.

EPS increased to 34.3p a share and there is a proposed dividend of 6p per share.

The company remains debt free with cash balances of £2.6m at 31 March 2009.

MBL has benefited from the demise of one of their key competitors in November 2008.

Peter Cowgill, Non-Executive Chairman, added: 'We have recently signed an exclusive three year contract with Morrisons plc, further strengthening our market position.

We remain cautious in the current climate, but are optimistic we will be able to report positive interim results.'


Story provided by Business Financial Newswire