StockMarketWire.com - Documents distributor Midwich posted a large rise in annual profit after an improved product mix helped boost margins.

Pre-tax profit jumped 56% to £14.0m, as revenue increased by 28% to £471.9m.

The company declared a final dividend of 9.65p per share, taking annual payments to 13.82p, up 36.2% on a like-for-like basis.

'Trading in the first few months of 2018 has built on the good growth achieved in the prior year giving the board confidence in delivering results in 2018 in line with its expectations,' managing director Stephen Fenby said.




At 8:14am: [LON:MIDW] Midwich Group Plc share price was +2.5p at 597.5p



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