4imprint Group shares soared 11.9% to 3,750p in late afternoon trading on Wednesday, after the promotional products company announced a 58% surge in revenue to $515.5 million in HY1 2022 against $326.8 million the year before.
The Group reported an operating profit spike of 1,122% to $43.9 million compared to $3.6 million, along with a pre-tax profit growth of 1,122% to $43.9 million from $3.3 million.
4imprint Group enjoyed record customer demand over the period, with 886,000 total orders processed, 146,000 new customers acquired, and strong continued momentum in July 2022.
4imprint Group confirmed a 27% climb in cash to $67.1 million against $52.8 million.
The company noted a basic EPS rise of 1,204% to 118.9c from 9.1c.
“The Board remains very confident in the Group’s strategy, the strength and resilience of its business model and its competitive position. This confidence is expressed in our expectation of reaching our long-held revenue target of $1bn during the 2022 financial year,” said 4imprint Group chairman Paul Moody.
“At the same time, the Board is cognisant of continuing uncertainty in the form of geo-political and broad economic factors that could potentially slow down the Group’s performance during the remainder of 2022.”
“Trading momentum in the first few weeks of the second half of 2022 has remained encouraging.”
4imprint Group recommended a 167% dividend hike to 40c per share compared to 15c the last year.