Kitwave Group boosts revenues by 20% and profit before tax by 40%

Kitwave Group boosts revenues by 20% and profit before tax by 40%

Kitwave Group, the delivered wholesale business, increased revenues by 20% to £602 million and profit before tax by 40% to £24.9 million in the 12 months ended 31 October 2023.

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The North Shields-based firm released its final results for the year ending October 31 in which revenues increased by 10.2% to £663.7m. The company’s operating profit fell slightly over that