DGAP-News
MBH Corporation reports growth in key areas despite challenging 2020 for small business
DGAP-News: MBH Corporation Plc / Key word(s): Annual Results/Dividend
MBH Corporation reports growth in key areas despite challenging 2020 for small business |
- Revenue up by 19%
- Dividend proposal of EUR0.005 cents per share represents dividend yield of approximately 2%
- Continued solid financial position with net cash of GBP5.8 million
- Growth and diversification strategy continues with 12 new acquisitions in 2020
- 6 verticals in 2020, compared with 2 in 2019, reflecting a drive for diversification
London, 30 April 2021 - The Directors of MBH Corporation PLC ("MBH"), a diversified investment holding company, are pleased to release the annual report for the year ended 31 December
2020 following a highly challenging year for the business community as a whole. Amid a global pandemic, MBH achieved a sales growth of 19% to GBP60.4 million (2019: GBP50.8million) and a net profit
after tax of GBP1.4 million - (compared to the previous year 2019: GBP3.6 million). The financial figures include the results of 8 companies for the full year and proportionately 12 companies
acquired during the financial year ended 31 December 2020.
Continued commitment to dividend payment
In line with its stated commitment of returning profits to shareholders, the MBH Board is proposing a repeat of the 2019 dividend of 0.005 Euro cents. This represents a dividend yield of
approximately 2%. Shareholders will be given the option of receiving the dividend in cash or in additional shares. Further details around distribution will be announced at the AGM.