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Birmingham Post
Birmingham Post
Business
Jon Robinson

musicMagpie hails 'resilient revenue' as DVD and book sales fall and tech products surge

musicMagpie has hailed its "resilient revenue performance" during the first half of its financial year despite "the well-publicised economic headwinds impacting the consumer sector".

The Stockport-headquartered company has posted a revenue of £71.3m for the six months to May 31, 2022, down from the £72.8m it achieved during the same period in 2021.

Sales in its consumer technology products division rose 15% to £46m while sales of disk media and books fell 23.6% to £25.3m.

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