Midwich Group announced its preliminary annual result with net revenues of £370.1 million ($458.9 million) and net profit of £8.5 million ($10.5 million) and a net profit margin of 2.3%. The net revenue was higher by 17.8% compared on a yearly basis, while net profit was higher by 47.3% on the same basis.
The company said that the improved revenue and net profits across all territories were driven by impressive growth in the audio visual business and the continued roll out of technical brands overseas.
