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M and M direct beats year end forEcasts
M and M Direct beat expectations with an overall revenue increase of 19%.
Revenues, for the year beginning March 2005 to February 2006, increased from £45.4 million to £53.8 million and EBITA (Earnings before interest, tax and amortization of goodwill) was up 34%. Said Mike Tomkins, CEO of M and M Direct Ltd.: “I am very pleased indeed with these results which go a long way in reflecting the enthusiasm, skills, commitment and hard work of the executive management team and all the staff. An achievement, I would point out, which stand out in stark relief against the background of a tough retail trading environment.”
