Mid­wich pleases with out­stand­ing re­sults

Shares - - SMALLER COMPANIES -

AU­DIO VISUAL dis­trib­u­tor Mid­wich (MIDW:AIM) ticked up 6.6% to 420p on strong half year re­sults (12 Sep).

Rev­enue grew 34% to £211.6m with ad­justed pre-tax profit up 36% to £10.3m, year-on-year. Share­hold­ers are also be­ing treated to a 36% hike in the div­i­dend to 4.2p.

Mid­wich is now up 12% since we said to buy in 24 Au­gust is­sue of

Shares. Keep buy­ing. (DS)

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