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Marlowe profit up 26% as acquisitions boost sales

By BFN News | 08:17 AM | Tuesday 04 December, 2018

Testing and maintenance company investor Marlowe posted a 26% rise in first-half profit as acquisitions boosted revenue. Pre-tax profit for the six months through September rose to £0.7m, as revenue jumped 57% to £56.4m. Underlying profit climbed 60% to £3.9m. 'We are pleased with the group's performance in the first half, during which we delivered further profitable growth and made good progress in the execution of our strategy,' chief executive Alex Dacre said. 'We will continue to pursue our strategy of organic and acquisitive growth and are well positioned to gain further market share across all of our business streams.' 'The second half of the year has started well and, taking into account good trading across our divisions supplemented by the positive contribution of recent acquisitions, we expect to deliver a full year performance ahead of current market expectations.' At 8:17am: (LON:MRL) Marlowe PLC share price was +21p at 434p Story provided by

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