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4imprint Group PLC on Wednesday said a boost in orders drove its half-year profit and revenue up.
The London-based marketer and distributor of promotional products said for the six months ended July 1, pretax profit grew by 50% to $66.0 million from $43.9 million a year prior, as revenue rose by 23% to $635.5 million from $515.5 million the year prior.
This was driven by a ‘favourable’ trading momentum which saw an 18% increase in total orders received from a year before.
4imprint upped its interim dividend by 63% to $0.65 from $0.40 a year ago.
Looking ahead, the company said it expects its full-year pretax profit to be no less than $125 million, compared to $104 million in 2022, while revenue will be slightly above $1.3 billion compared to $1.14 billion a year ago.
Chair Paul Moody said: ‘The group’s strong first-half performance clearly demonstrates that its strategy and business model are effective in delivering profitable market share gains.’
Shares in 4imprint were up 1.9% at 5,177.20 pence each in London on Wednesday morning.
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