Smiths News, the Swindon-based newspaper and magazine distributor, has delivered a 14% hike in full-year pre-tax profits.
The increase, taking profits to £41.9m against £36.6m last time, came on a 0.4% rise in revenues to £1.81bn for the year to August 31.
It said that it is now on target to achieve 50% of profits from outside newspapers and magazine wholesaling activities by 2016. 
The costs of integrating a spate of acquisitions, including Trowbridge-based educational supplies distributor The Consortium, which it bought for £38m in April last year, were £11.1m against £10.9m in the previous year.
The Consortium, it said, had delivered above-expected returns with underlying operating profits of £7.4m compared with £3.6m last year.
Smiths News shares climbed by 9.5% shortly after the results were posted with the London Stock Exchange. They closed the day up 6.6% or 12.75p.
