Mar 08th 2013 - Edison Investment Research today published a report on Macfarlane (MACF.L, LSE:MACF, LON:MACF) entitled "Boxing Clever". In summary, the report says:
In the face of a still difficult demand environment, Macfarlane has demonstrated operational agility in developing expanding sectors and controlling costs to deliver increased profits despite marginally lower revenue. As a result FY12 PBT was c £0.2m ahead of market estimates. Modest EPS growth is expected in FY13, but the 5.8% yield, twice covered, offers good income attractions.
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