Business
Final Results - Replacement
Final Results - Replacement.
About this update from Midwich Group Plc
[{"type":"text","content":"\n \nRNS Number : 5814H Midwich Group PLC 13 March 2018 \n\n \nThe following amendment has been made to the \"Final Results\" announcement released earlier today under RNS no. 4833H.\nIn the table of financial highlights section at the start of the announcement, the Net Debt figures originally stated: \n\n\n\n\n£000\n\n\nYear to\n31-Dec-17\n \n\n\nYear to\n31-Dec-16\n\n\n\n\nNet debt\n\n\n21,760\n\n\n14,967\n\n\n\n\n \nThe updated figures are as follows:\n\n\n\n\n£000\n\n\nYear to\n31-Dec-17\n \n\n\nYear to\n31-Dec-16\n\n\n\n\nNet debt\n\n\n22,294\n\n\n15,032\n\n\n\n\n \nAll other details remain unchanged. The full amended text is shown below.\n \n \n13 March 2018\nMidwich Group Plc\n(\"Midwich\" or the \"Group\")\n \nFinal Results\n \nMidwich, the leading specialist audio visual and document solutions distributor to the trade market, today announces its Final Results for the year to 31 December 2017.\n \n\n\n\n\n\n\n\n\n\n\nYear to \n\n\n\n\n\n\n\n£000\n\n\n\n\n\n31-Dec-17\n\n\n31-Dec-16\n\n\n% change\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n471,937\n\n\n370,142\n\n\n27.5%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGross Profit\n\n\n\n\n\n73,127\n\n\n56,461\n\n\n29.5%\n\n\n\n\nGross profit %\n\n\n\n\n\n15.5%\n\n\n15.3%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n\n\n\n20,809\n\n\n14,487\n\n\n43.6%\n\n\n\n\nAdjusted operating profit (1)\n\n\n\n\n\n25,044\n\n\n18,542\n\n\n35.1%\n\n\n\n\nAdjusted operating profit %\n\n\n\n\n\n5.3%\n\n\n5.0%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit before tax\n\n\n\n\n\n18,898\n\n\n12,102\n\n\n56.2%\n\n\n\n\nAdjusted profit before tax(2)\n\n\n\n\n\n24,309\n\n\n17,912\n\n\n35.7%\n\n\n\n\nAdjusted profit before tax %\n\n\n\n\n\n5.2%\n\n\n4.8%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit after tax\n\n\n\n\n\n13,979\n\n\n8,560\n\n\n63.3%\n\n\n\n\nAdjusted profit after tax(2)\n\n\n\n\n\n18,664\n\n\n14,365\n\n\n29.9%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nReported EPS - pence\n\n\n\n\n\n17.06 \n\n\n10.92 \n\n\n56.3%\n\n\n\n\nAdjusted EPS - pence(2)\n\n\n\n\n\n22.86 \n\n\n18.63 \n\n\n22.7%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDividend per Share (for 8 month period 2016) - pence\n\n\n\n\n\n13.82 \n\n\n8.62\n\n\n36.2%\n\n\n\n\nNet debt\n\n\n\n\n\n22,294\n\n\n15,032\n\n\...