Source - Alliance News
Marks Electrical Group PLC - Leicester-based electrical products’ retailer - Says in the four months to July 31, revenue surged 31% to £36.2 million from £27.7 million a year prior. Adds that August trading has started well as it remains ‘laser focused’ on maintaining revenue, profit and cash in order.
Chief Executive Officer Mark Smithson says: ‘ We have maintained our tight control on inventory, overhead cost management and disciplined capital allocation, ensuring we have a healthy cash position and remaining focused on profitable market share’.
Current stock price: 99.75 pence, up 5.6% on Thursday
12-month change: up 47%
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