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Xpediator profit jumps after acquisitions boost sales

By BFN News | 08:37 AM | Monday 24 September, 2018


Freight management services group Xpediator tripled its annual profit after acquisitions helped boost revenue. Pre-tax profit for the six months through June rose to £2.2m, up from £0.7m on-year. Revenue jumped 61% to £78.9m, of which 49% came from organic growth and 51% from acquisitions. The company declared an interim dividend of 0.42p per share, up 21% on-year. 'Following the positive start to the year, the Board is pleased to announce an increased interim dividend in line with our progressive dividend policy and we remain confident in the outlook for our full year results for 2018,' chairman Alex Borrelli said. At 8:37am: (LON:XPD) Xpediator Plc share price was +1.5p at 72.5p Story provided by StockMarketWire.com

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