Midwich pleases with outstanding results

Audio visual distributor is on a roll with impressive earnings and dividend growth
Thursday 14 Sep 2017 Author: Daniel Coatsworth

Audio visual distributor Midwich (MIDW:AIM) ticked up 6.6% to 420p on strong half year results (12 Sep).

Revenue grew 34% to £211.6m with adjusted pre-tax profit up 36% to £10.3m, year-on-year. Shareholders are also being treated to a 36% hike in the dividend to 4.2p.

Midwich is now up 12% since we said to buy in 24 August issue of Shares. Keep buying.

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