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DiscoverIE profit more than triples

Tuesday, 5th June 2018
Customised electronics supplier DiscoverIE Group said its annual profit more than tripled amid a jump in revenue at its design and manufacturing division.

Pre-tax profit rose to £15.8m, up from £4.8m a year earlier, as revenue increased 15% to £387.9m.

The company declared a full-year dividend of 9.0p per share, up 6% on-year.

'Trading in the new year has started well with continuing growth in orders and sales and the group is well positioned to continue benefiting from the technology changes that are underway in our target markets,' chief executive Nick Jefferies said.

'We look forward to making further progress in the year ahead.'

At 2:36pm: (LON:DSCV) Discoverie Group Plc Ord 5p share price was -12p at 414p

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