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Smiths News revenue rises marginally on acquisition

Tue, 09th Jul 2013 06:28

July 9 (Reuters) - Smiths News Plc, the largestnewspaper and magazine distributor in the UK, said revenue inthe 44 weeks to July 6 rose marginally, helped by contributionfrom the acquisition of The Consortium.

The company also said that it was on track to meet marketestimates for full-year profit growth.

Smiths acquired The Consortium, a distributor of consumablesupplies to the education sector, for an enterprise value of 44million pounds in April 2012.

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