MBL Group back in profit

MBL Group, the AIM-listed entertainment and gardening products supplier based in Lancashire, has returned to profit after losses of £883,000 last year, thanks to a strong performance in its garden and home division.

Its results for the year ended March 31 show the company’s revenue has picked up 14% to £14.8m (2015: £13m) and there was an operating profit of £21,000.

Group profit after tax was £75,000 (2015: loss £986,000, including discontinued operations).

MBL non-executive chairman Tony Johnson said:  “I am pleased to report that during the year the group achieved a 14% growth in sales, driven by a strong performance in the garden and home division, and a return to profitability.”

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