UK's Marks Electrical hits over seven-month high on strong Q3 sales

Marks Electrical

10/01/2023 14:38

** Shares of Marks Electrical Group Plc  MRKM.L  rise as
much as 5% to 94.4p, their highest since May 18
    ** The home appliances and electricals firm reports a 33.4%
jump in Q3 revenue to 29.8 mln pounds ($36.2 mln)
    ** Adds Q3 performance boosted by strong sales in
energy-efficient laundry appliances, televisions, refrigeration
and small domestic appliances
    ** Says group on track to achieve its annual targets
    ** Stock set to post its best day since Aug. 11 if gains
hold
    ** Stock fell about 30% in 2022
($1 = 0.8232 pounds)
 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))