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Marlowe swings to profit as acquisitions boost revenue

By BFN News | 07:30 AM | Tuesday 18 June, 2019

Safety product company investor Marlowe swung to an annual profit after eight acquisitions during the year boosted its revenue. Pre-tax profit for the year through March amounted to £2.0m, compared to a loss of £0.4m on-year. Revenue jumped 59% to £128.5m and underlying profit rose 53% to £8.9m. 'We are pleased to report another strong financial performance and a year of substantial progress in developing the scale and breadth of our group,' chief executive Alex Dacre said. 'The current year's trading has started in line with our expectations and we look forward to making further progress during the year.' Story provided by

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