Marks Electrical Group PLC - Leicester-based electrical products retailer - Reports strong trading for six months ended September 30, with revenue growth of 15% to £43.1 million from £37.5 million the year prior. Says strong performance is seen across all categories but particularly in televisions, cookers, vacuums and small appliances.

Chief Executive Officer Mark Smithson says: ‘After a solid performance in the first four months, the group’s positive trading momentum has continued in August and September as we continued to harness our market-leading customer service proposition and build brand awareness, enabling the group to deliver continued revenue growth and market share gains.’

Looking ahead, it expects to generate ‘continued profitable market share growth’ and hit is full-year targets. In financial 2022, ended March 31, it generated revenue of £80.5 million with pretax profit of £3.8 million.

Current stock price: 58.00 pence, up 3.6% on Tuesday in London

12-month change: 48%

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