Smiths News PLC (GB:SNWS) has released an update.
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Smiths News PLC, the UK’s premier newspaper and magazine distributor, has reported a strong second half for the fiscal year ending August 2024, with Adjusted Operating Profit expected to meet market expectations at £38.2 million. The company experienced a modest revenue increase of 1.1% due to factors such as the men’s UEFA European Championships, cover price inflation, and organic growth initiatives. Smiths News is set to implement a revised capital allocation policy for dividends, with the final dividend to be issued in February 2025.
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