(Alliance News) - 4imprint Group PLC on Wednesday said a boost in orders drove its half-year profit and revenue up.
The London-based marketer and distributor of promotional products said for the six months ended July 1, pretax profit grew by 50% to USD66.0 million from USD43.9 million a year prior, as revenue rose by 23% to USD635.5 million from USD515.5 million the year prior.
This was driven by a "favourable" trading momentum which saw an 18% increase in total orders received from a year before.
4imprint upped its interim dividend by 63% to USD0.65 from USD0.40 a year ago.
Looking ahead, the company said it expects its full-year pretax profit to be no less than USD125 million, compared to USD104 million in 2022, while revenue will be slightly above USD1.3 billion compared to USD1.14 billion a year ago.
Chair Paul Moody said: "The group's strong first-half performance clearly demonstrates that its strategy and business model are effective in delivering profitable market share gains."
Shares in 4imprint were up 1.9% at 5,177.20 pence each in London on Wednesday morning.
By Sabrina Penty, Alliance News reporter
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4Imprint (FOUR)