Lords Group Trading PLC - London-based distributor of building, plumbing, heating and DIY goods - Posts revenue of GBP450.0 million in 2022, up 24% from GBP363.3 million in 2021. Pretax profit rises by 45% to GBP28.6 million from GBP19.7 million, as adjusted pretax profit increases by 42% to GBP17.4 million from GBP12.2 million a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation improve by 34% to GBP450.0 million from GBP363.3 million. Declares a final dividend of 1.33 pence per share, up from 1.26p a year prior. This brings the total dividend for the year to 2.0 pence per share, up 5.8% from 1.89p the year prior.

Looking ahead, says it is on track to deliver GBP500.0 million revenue target by 2024. Expects annual performance in line with expectations.

Chief Executive Officer Shanker Patel says: "We entered 2023 in a strong financial position, which has enabled us to continue to invest in our 3Ps, as we pursue organic and acquisition-led growth opportunities."

Current stock price: 72.90 pence each, up 6.0% on Wednesday afternoon in London

12-month change: down 19%

By Xindi Wei, Alliance News reporter

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