H117 earnings growth of 20% reflects meaningful operational gearing as organic growth of 3% and acquisition increment of 9% in Packaging Distribution is enhanced on the bottom line by prudent cost management which has provided for growing returns. We note the potential for further acquisition earnings uplift in due course; the growth strategy is being part funded by equity raisings and, as liquidity improves, we believe the shares will increasingly appear on the radar of growth funds. The FY1
24 Aug 2017
H117 results; 20% earnings growth
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H117 results; 20% earnings growth
Macfarlane Group PLC (MACF:LON) | 144 0.7 0.3% | Mkt Cap: 229.0m
- Published:
24 Aug 2017 -
Author:
Ben Thefaut -
Pages:
5
H117 earnings growth of 20% reflects meaningful operational gearing as organic growth of 3% and acquisition increment of 9% in Packaging Distribution is enhanced on the bottom line by prudent cost management which has provided for growing returns. We note the potential for further acquisition earnings uplift in due course; the growth strategy is being part funded by equity raisings and, as liquidity improves, we believe the shares will increasingly appear on the radar of growth funds. The FY1