XMA cheers surge in revenues and profits

Westcoast Holdings-owned VAR claims improving 2013 numbers demonstrate its 'strength and adaptability'

Public sector reseller XMA has paid out a £3m dividend to its shareholders as it celebrates an annual sales and profit surge.

For the 12 months to 31 December, the Theale-based outfit saw net profit soar by 42 per cent to £2.59m on revenues that powered up 35 per cent to £164.4m, according to a Companies House filing.

Despite not making any acquisitions in 2013, XMA is gearing up for a year of flux as it integrates recent print supplies acquisition QC Supplies and begins to work alongside Viglen, the fellow public sector supplier parent Westcoast Holdings Limited bought in January.

Viglen boss Bordan Tkachuk became a director of XMA on 2 January, the report confirmed.

XMA said its 2013 numbers demonstrated the firm's "strength and adaptability".

"The directors remain convinced that XMA's position is firmly established in this marketplace and continue to remain confident that XMA's presence across the breadth of the public sector and growing engagement in the corporate sector across a variety of technologies and realted services will ensure success over the medium to longer term," it added.

XMA's average monthly headcount rose from 245 to 266 year on year.

The glowing performance prompted XMA to double the dividend paid out to shareholders to £3m, or £5.15 per share.