News

« Headlines

Dawson at the 'upper end' of expectations

28.05.08 Graeme Neill

Academic books and library supplier Dawson Holdings has reported a growth in pretax profits of 18% to £5.3m. In results for the six months ended 29th March 2008, the business, which also supplies newspapers, magazines, new media, and marketing point of sale materials, said revenue had grown from £380.1m to £388.7m. Peter Harris, the company's chief executive, said that the results were at the "upper end of expectations". He had previously said that Dawson's books business had been turned around.

"Dawson has had a good half year, both in terms of progressing our strategic priorities and of delivering solid financial performance," he said. "The group continues to trade at the upper end of expectations as we remain focused on driving efficiencies from our contracted revenue base in Dawson News and on taking advantage of growth opportunities in our books, media direct and marketing services businesses."

Harris added: "Although no business can expect to be completely immune from a slow-down in the economy, progress made to date reinforces the board's confidence in the trading prospects and strategic direction of the group."

Financial libraries Graeme Neill Dawson

See Also