- Best of the Best's pre-tax profits rose by 42.7% to £1.51m in the year to the end of April.

The group - which runs competitions to win cars both online and at key retail locations - said revenues increased by 7.0% to £10.81m with online revenues up 18.5% at £8.36m, 77.5% of the total.

The group has declared a special dividend of 6.5p per ordinary share to be paid to shareholders in June in addition to the proposed 1.4p ordinary dividend to be paid in September.

Chief executive William Hindmarch said: "I am pleased to announce a solid set of preliminary results with increasing revenues and profits.

"The transformation from a physical site based retail business to a predominantly online operation has continued, with the majority of our revenues (c.80% in H2) now driven by digital channels and realised through our website,

"The company significantly increased both the quantity and breadth of its marketing investment over the past year with encouraging results and it is our intention to continue this trend to support growth into the next financial year.

"The business is well placed for future growth, with a new and improved website and IT infrastructure in place, and we look forward to updating shareholders on further progress in due course."

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