MBH Corporation Plc
MBH Corporation PLC Builds Significantly on 2020 with Growth in Revenue of 81% in First Half of 2021
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:
Contacts for IR and media enquiries:
- MBH Corporation plc, Charlotte Williams, firstname.lastname@example.org, +44 (0)770 396 3953
- Perception A, Phil Anderson & Charlie Nelson, email@example.com, +44 (0)776 749 1519
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:
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
Subscribe to releases from ACCESSWIRE
Subscribe to all the latest releases from ACCESSWIRE by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESSWIRE
374Water, Inc.26.10.2021 19:12:48 CEST | Press release
374WATER EXPANDS INTO EUROPE Dr. Tali Harif Joins to lead EU Commercialization
Smart Eye26.10.2021 17:47:34 CEST | Press release
Smart Eye Enters into an Agreement to Acquire iMotions and Intends to Raise Equity in a Directed Share Issue
Silver Elephant Mining Corp.26.10.2021 14:55:15 CEST | Press release
Silver Elephant To Hold Special Meeting of Shareholders On December 14, 2021 To Approve Nickel and Vanadium Spin-outs
CoroWare, Inc.26.10.2021 14:32:23 CEST | Press release
CoroWare Subsidiary, CarbonMeta Research Ltd, Appoints Board of Director Members
BioInvent International25.10.2021 13:47:06 CEST | Press release
BioInvent Appoints Immunotherapy Expert Alexander Eggermont to Scientific Advisory Board
Promore Pharma25.10.2021 09:21:54 CEST | Press release
Promore Pharma Announces that Scientific Article has Been Published on Clinical Study Results with Ropocamptide for Venous Leg Ulcers
Smart Eye22.10.2021 08:51:53 CEST | Press release
Interim Report January - September 2021
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