In the six months to 30th June 2015, Marshalls made 拢20.8m profit before tax on revenue of 拢199.1m. In the first half of 2014, by comparison, it made 拢14.0m on 拢188.0m revenues.
Operating margins increased to from 8.7% last year to 11.1%.
In the UK, sales price increases generated 拢5.6m in additional revenue and exceeded the impact of cost inflation by 拢1.4m. Volume growth was particularly strong in the public sector and commercial end market where the revenue increase attributable to volume and mix was 11%.
Chief executive Martyn Coffey said the company was now looking to make some acquisitions. 聽"The group is well positioned to grow organically and selectively through acquisitions,鈥� he said. 鈥淲e will continue to focus on growth initiatives during the remainder of 2015 and in 2016.鈥�
He added: 鈥淭he group's priorities are to grow and develop the business and to leverage the benefits from the improving market conditions in order to generate volume growth and so benefit from operational gearing.鈥�
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