StockMarketWire.com - Sales consultancy K3 Capital Group posted a 5% fall in first-half profit, which it pinned on the delayed timing of key transactions.

Pre-tax profit for the six months through November fell to £3.1m, as revenue slipped 4% to £7.2m.

K3 declared an interim dividend of 3.6p per share, up 26% on-year.

'Due to the expected timing of a number of significant transactions in KBS Corporate Finance moving to the second half, group revenue and adjusted Ebitda are marginally below the comparative period,' the company said.

The delays meant that K3's corporate finance brand ended the first half with its 'highest every value and volume of work-in-progress pipeline,' chief executive John Rigby said.

'"December once again saw a record festive period in non-contingent fee income,' he added.

'With the recent capacity increases in the sales divisions of the group, we would expect this trend to continue throughout the remainder of the 2019 financial year and beyond.'


At 2:50pm: (LON:K3C) K3 Capital Group Plc share price was -27p at 248p



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