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    DGAP-News  143  0 Kommentare 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

    30.04.2021 / 10:39
    The issuer is solely responsible for the content of this announcement.


    MBH Corporation reports growth in key areas despite challenging 2020 for small business

    MBH Corporation PLC continued its ambitious growth plans throughout 2020, opening in new international markets and expanding into multiple new industries. Although individual companies were hampered by the impact of Covid-19, MBH was still able to grow its revenue and is in a position to offer a dividend to its shareholders.

    • 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.

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    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 30.04.2021 / 10:39 The issuer is solely responsible for the content of this …