MBL to hike its dividend 25pc
MBL Group, the Aim-listed home entertainment products group, has raised its dividend by a quarter after reporting a revenue surge.
Revenue jumped by 35.7 per cent to £194.9m for the year to 31 March.
Earnings per share rose by 17.5 per cent to 40.3p per share.
The company is proposing a 25 per cent rise in final dividend to 7.5p per share.
MBL is debt free and had cash balances of £5.8m at the end of March 2010, up from £2.6m in 2009.
Peter Cowgill, non-executive chairman, said: “The group has experienced an encouraging year during a period of significant change. We have a solid platform.”