By Ian Walker
Bunzl PLC (BNZL.LN) on Monday reported a 3.8% rise in pretax profit for 2018 and said that its prospects are positive despite mixed macroeconomic conditions.
The distribution-and-outsourcing company made a pretax profit for the year ended Dec. 31 of 424.8 million pounds ($554.9 million), compared with GBP409.3 million a year earlier. Revenue for the year rose to GBP9.08 billion, from GBP8.58 billion.
Adjusted pretax profit, which strips out exceptional and other one-off items, rose to GBP559.0 million from GBP542.6 million.
The board declared a final dividend of 35 pence a share, taking the total for the year to 50.2 pence, compared with 46 pence last year.
Separately the company said it has bought U.S. business Liberty Glove & Safety for an undisclosed sum.
The California-based company sells a full range of personal-protection equipment, principally gloves, throughout the U.S. to distributors. Revenue at the company in 2018 was $93 million.
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