MBH Corporation Plc
30.9.2021 09:16:55 CEST | ACCESS Newswire | Press release
Revenues up by 81% to £49.6 million in first half of 2021
EBIT increase by 271% to £3.0 million vs first half of 2020
MBH Corporation now comprises 25 companies across 8 verticals
LONDON, UK / ACCESSWIRE / September 30, 2021 / The Directors of MBH Corporation PLC ("MBH") (OTCQX:MBHCF)(FRA:M8H), a diversified investment holding company, are pleased to release the results for the half year ended 30 June 2021, highlighting the continued success of the Company's growth and diversification strategy.
For the half-year period, the Company achieved revenue growth of 81% to £49.6 million (1H 2020: £27.4million) and a net profit after tax of £1.9 million. Earnings before interest and taxes ("EBIT") increased by 271% to £3.0 million (1H 2020: £0.8 million). The financial figures include the results of 4 companies acquired in 1H 2021, 3k Engineering, Boulder Sausage, 4X Taxis and Intercity Taxis.
Callum Laing, CEO, MBH Corporation PLC : "We are pleased to deliver this strong half-year report and solid growth in both revenue and EBIT. Although various pandemic related lockdowns and restrictions are still in place for the Group's Antipodean and Asian companies, it is worth noting that more than 60% of the revenue and 90% of the EBIT of the Group occurred from April onwards. A telling example of the power of the Group to generate revenue and profits as we slowly emerge from the global pandemic situation"
Solid financial position
The balance sheet of the Group remains strong with a net asset position of £62.7 million as of 30 June 2021. By comparison, as of 31 December 2020 the net asset position was £59.8 million. The net cash position (which includes bank overdrafts) for the first 6 months of 2021 was £6.3 million, an increase of £0.5 million from 31 December 2020. Cash generated from operating activities for 1H2021 was £3.8 million. The total number of shares outstanding as at 30 June 2021 was 73,681,548.
Callum Laing adds: "Year to date we have announced 5 further acquisitions for the Group: 3Ks Engineering, Boulder Sausage, 4X Limited Taxis, InterCity Taxis and VistaCare. We are cautiously optimistic that our businesses have regained some momentum and believe that despite ongoing challenges our companies are well equipped to keep delivering services to their clients and positive results to all our shareholders"
The complete 2021 half-year report is available on the Group's website at www.mbhcorporation.com/financial- half-year-report-2021
Webinar 'Meet the Principals':
Join all our Principals on 21st October 2021, 3.00pm GMT [UK], to hear how they have performed over the last six months. Please register in advance for this webinar here:
www.eventbrite.co.uk/e/live-principals-event-tickets-175846711247
Ends/
Contacts for IR and media enquiries:
- MBH Corporation plc, Charlotte Williams, charlotte@unity-group.com, +44 (0)770 396 3953
- Perception A, Phil Anderson & Charlie Nelson, phil@perceptiona.com, +44 (0)776 749 1519
About MBH
MBH Corporation plc (M8H:GR) is a diversified investment holding company, listed on the Frankfurt and Dusseldorf Stock Exchanges and the OTCQX in New York (MBHCF). The company acquires small to medium enterprises across multiple geographies and sectors that are well established, profitable and looking to scale. By leveraging the Agglomeration strategy, MBH Corporation plc is able to create substantial shareholder value through the consistent and accretive acquisition of excellent companies.
SOURCE: MBH Corporation Plc
View source version on accesswire.com:
https://www.accesswire.com/666223/MBH-Corporation-PLC-Builds-Significantly-on-2020-with-Growth-in-Revenue-of-81-in-First-Half-of-2021
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Redington MD and Group CEO V.S. Hariharan Appointed to GTDC Executive Committee12.5.2026 15:00:00 CEST | Press release
GTDC appointed V.S. Hariharan, Managing Director and Group CEO of the Redington Group, to its Executive Committee (EC) to guide strategy and provide operational oversight. The EC advances the organization's mission to educate, advocate, and influence the tech industry on the evolving role of IT distribution worldwide. Mr. Hariharan leads Redington's $11.8 billion distribution and supply chain business across 40 markets. Redington continues to strengthen its role as a Technology Orchestrator, enabling seamless connections across the ecosystem to Unlock Next opportunities for partners. TAMPA, FL / ACCESS Newswire / May 12, 2026 / The Global Technology Distribution Council (GTDC), the world's largest consortium of technology distributors, named V.S. Hariharan, Managing Director and Group CEO of Redington Limited, to its Executive Committee. The committee provides operational oversight and helps guide GTDC's long-term strategy, advancing the organization's mission to strengthen distributio
Braiin Advances Proposed Acquisition of Home.cc with Valuation and Growth-Capital Components Totaling Approximately A$73 Million to Build AI-Native LivTech Platform for Residential Lifecycle Services, Targeting the $3+ Trillion Global Residential Lifecycle Services Market12.5.2026 14:15:00 CEST | Press release
Proposed acquisition would combine Home's embedded residential distribution, payments infrastructure and household-services platform with Braiin's AI, CXaaS and PropTech ecosystem MELBOURNE, AU AND LONDON, UK / ACCESS Newswire / May 12, 2026 / Braiin Limited (NASDAQ:BRAI) ("Braiin" or the "Company"), a global AI platform company delivering automation and predictive analytics across precision agriculture, customer experience and property technology, today announced that it has entered into a non-binding term sheet to advance its proposed acquisition of Home.cc ("Home"), a Living Technology ("LivTech") platform focused on embedded residential distribution, household service activation, payments and connected living infrastructure. Under the proposed structure, Braiin would acquire a 50.1% majority interest in Cumbria Capital Ltd, the parent company of Home.cc, through a share purchase to be satisfied by the issuance of Braiin equity securities. The non-binding term sheet contemplates a p
Polaris Renewable Energy Announces Approval of SO1 Agreement by FOMB12.5.2026 13:50:00 CEST | Press release
TORONTO, ON / ACCESS Newswire / May 12, 2026 / Polaris Renewable Energy Inc. (TSX:PIF) ("Polaris" or the "Company"), is pleased to announce that, on May 8, 2026, the Financial Oversight and Management Board of Puerto Rico ("FOMB") approved the Battery Energy Storage System ("BESS") Standard Offer Agreement ("SO1 Agreement"). The approval of the FOMB completes the three-steps approval process for the SO1 Agreement, following prior regulatory approvals obtained from the Puerto Rico Energy Bureau ("PREB") and the Governing Board of the Puerto Rico Electric Power Authority ("PREPA"). The SO1 Agreement is intended to be executed between PREPA and Polaris Power US, Inc ("PPUS"), a wholly owned subsidiary of Polaris. The SO1 Agreement forms part of the Puerto Rico Accelerated Storage Addition Program ("ASAP"), a strategic initiative aimed at strengthening grid reliability across the island through the deployment of utility-scale BESS co-located with existing generation facilities. Under this
Elixir Technologies Unveils Elixir Muse: The AI Writing Assistant Built for Total Data Privacy12.5.2026 13:00:00 CEST | Press release
Elixir's new writing assistant product delivers AI-powered drafting, revision, translation, validation, tone of voice and sentiment analysis, and compliance analysis - without storing, harvesting or training on user data. OJAI, CA / ACCESS Newswire / May 12, 2026 / Elixir Technologies today introduced Elixir Muse™, a privacy-first AI writing assistant that significantly minimizes the workload involved in drafting, editing, proofreading and translating text. Powered by Elixir Ai, the company's proprietary AI technology, Elixir Muse™ assists both writers and content creators improve the quality, clarity and consistency of their written content through advanced AI features - all while safeguarding the privacy of user data. Elixir Muse™ introduces a fundamentally different approach to AI-assisted document iteration: one where privacy and control are prioritized from the start, rather than being an afterthought. With user-friendly writing features and proven use cases, the product functions
Dubai Health and AGFA HealthCare Mark 20 Years of Collaboration Supporting Dubai's Healthcare System12.5.2026 11:30:00 CEST | Press release
Dubai Health and AGFA HealthCare have marked 20 years of collaboration supporting Dubai's healthcare system, reflecting a shared commitment to advancing integrated, patient-centered care. DUBAI, AE / ACCESS Newswire / May 12, 2026 / Over the past two decades, AGFA HealthCare has supported Dubai's healthcare system - most recently contributing to Dubai Health's integrated academic health system across care, learning, and research through a shared digital foundation. It enables clinicians access to critical information while maintaining data security, operational continuity, and patient confidentiality, and supports large-scale screening services in high-volume settings. The partnership has progressed from digitizing diagnostic imaging into a comprehensive enterprise imaging, analytics, and AI ecosystem that supports multiple clinical specialties, leadership decision-making, and population-scale healthcare services across Dubai Health's expanding network. Atif Al Braiki, Chief Digital an
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom