Midwich pleases with outstanding results
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)