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Xpediator profits boosted by acquisitions, organic sales growth

By BFN News | 02:46 PM | Monday 29 April, 2019


Freight management services provider Xpediator posted a rise in annual profit, as it grew revenue both organically and through acquisitions. Pre-tax profit for the year through December rose to £5.6m, up from £2.4m on-year. Revenue rose 54% to £179.2m and by 22% on a like-for-like basis. Xpediator declared an final dividend proposed of 0.84p per share leading to a total dividend for 2018 of 1.26p, up 27% on-year. 'Good cash generation during the year reflected a strong focus on working capital and increased financial disciplines,' chief executive Stephen Blyth said. 'The group has a solid financial base with the financial headroom to support the group's future ambitions.' 'In 2019 we are on track to exceed £200m of sales, a near threefold increase since 2016.' At 2:46pm: (LON:XPD) Xpediator Plc share price was +4.5p at 51p Story provided by StockMarketWire.com

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