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12 Sep 2019 | 09:08

Haynes Publishing profit rises led by growth in digital products and technical solutions business

Haynes Publishing said annual profit rose by nearly a quarter, led by growth in its digital products and technical data solutions business. For the 12 months ended 31 May 2019, adjusted pre-tax profit rose 24% to £3.6m and revenue increased 7% to £36.2m. Revenue from the group's range of digital products and technical data solutions increased by 20% year-on-year to £20.2m, representing 56% of total group revenue, up from 50% a year earlier. ‘Through the automotive knowledge and technological expertise we possess in the business, we are accelerating the linking of the group's content and datasets,’ the company said.

At 9:08am: (LON:HYNS) Haynes Publishing Group PLC share price was +12p at 232p

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