StockMarketWire.com - Home entertainment distributor MBL Group says sales were up 30.1% to £84.8m for the three months to 31 December.

In its Q3 trading update, the company said its Distribution division, which services general retailers, experienced a comparative increase in sales due to the annualising of new business acquired in late 2008.

Distribution sales rose 28.5% to £79.8m, consistent with the first-half performance.

Wholesale sales of £5.0m showed an increase of 61.3%. Windsong International, acquired early in 2009, delivered an acceptable sales performance while ESD Wholesale was marginally ahead.

Gross margins levels were maintained and were consistent with the half-year.

During the period the group announced a contract to supply Best Buy and the acquisition of Global Media Vault.

The company said that it was confident that the outcome for the full year to 31 March would meet market expectations.

Story provided by Business Financial Newswire