StockMarketWire.com - MBL Group plc, the AIM-listed home entertainment products group, has seen revenue increase by 35.7% to £194.9m for the year ended March 31 2010.

PBT jumped by 22.2% to £9.9m and EPS increased by 17.5% to 40.3p per share.

The Company is proposing a 25% hike in final dividend to 7.5p per share.

MBL remain debt free and had cash balances of £5.8m at 31 March 2010, up from £2.6m in 2009.

Peter Cowgill, Non-Executive Chairman, said; 'The Group has experienced an encouraging year during a period of significant change.

The substantial increase in volumes has been driven by the successful integration of the combined business segments along with an increase in chart sales over the last 18 months.

The economic climate is presenting opportunities for the Group and we are confident that we will be able to deliver a solid platform for the future sustainability of the business.'


Story provided by StockMarketWire.com