StockMarketWire.com - Focusrite has hiked its FY reported pretax profit to GBP6.5m, from GBP5.8m. Reported revenue was GBP48.0m, from GBP41.0m. It recommended a maiden final dividend of 1.2p a share, taking the total to 1.8p.

CEO Dave said:

"Products launched at the end of the financial year have been well received by the market, with excellent reviews across the industry.

"Revenue in the first quarter of the current year was ahead of that for FY15, itself a record quarter, in spite of slower than expected initial sales of new products.

"Pleasingly, existing products continue to perform as expected."





Story provided by StockMarketWire.com