StockMarketWire.com - Marshalls' pre-tax profits rose 11% to £69.9 million in 2019, while revenue was up 10%, according to its preliminary year-end results.

The group saw a continued improvement in operating margins which increased to 13.4% during the period to December 31, 2019.

Net debt was halved during the year, falling from £37.4 million in 2018 to £18.7 million in 2019, on a pre-IFRS 16 basis.

The group has recommended a final dividend increase of 21% to 9.65p per share as well as a supplementary dividend of 4.00p per share, made possible by 'strong cash management'.




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