Operating profits were up to £17.1m, with revenue rising by 18% to £252m, up from £213m in the same period of the previous year.
MKM executive chairman David Kilburn said the “excellent” results were helped by MKM’s business model, which sees branch directors take a profit share proportionate to the performance of their branch.
“Market conditions are improving with increased activity among house builders and construction companies as well as a strong RMI market,” said Mr Kilburn.
“This gives us the confidence to roll out an ambitious expansion plan over the coming years.
“We have major plans to open new branches across the UK over the next five years.
Trading remained strong in the first quarter of our financial year and there is nothing to suggest that won’t continue.”
