Swindon-based newspaper and magazines distributor Smiths News (LON: SNWS) confirmed that it will pay a total dividend of 4.15p a share following better than expected figures for the year to the end of August 2022. Management continues to improve efficiency.
Revenues from continuing operations were 2% lower at £1.09bn, while pre-tax profit was flat at £31.1m. That does not include the £4.4m bad debt write-off relating to McColl’s Retail Group’s administration. Morrisons has bought the McColl’s operations and business with the chain is not much lower than before.
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