Smiths News delivers good news and special dividend after forecast-beating year
Newspaper wholesaler Smiths News has proposed a special dividend after it delivered full-year profits ahead of market expectations.
The 200-year-old business made cost savings of £5.6m during the year, which pushed adjusted operating profits up to £39.1m - nearly £1m higher than forecast.
Revenues for the year to August edged up 1.1% to just over £1.1bn, although it was a 53-week financial year.
Smiths News chief executive Jon Bunting said: "Our performance over FY 2024 reflects the resilience of our news and magazines bu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
