StockMarketWire.com - Gateley, a national commercial law firm, says trading in the second half of the year has been strong and the maiden results, following its admission to AIM in June 2015, continue to demonstrate strong organic growth within the business.

The board says revenues for the year ended 30 April will not be less than GBP66 million and adjusted EBITDA will not be less than £12.6 million. Cash generation has also been strong enabling the Group to invest in the opening of a new office in Reading together with the recent acquisition of Gateley Capitus Limited. The Board expects to recommend a dividend in line with market expectations in the Group's results for the year ended 30 April 2016, which will be announced in July 2016. Chief executive Michael Ward said: "I am pleased to report that the Group has performed well in its first year as a public company. In a market that continues to be challenging the Board has remained focused on the execution of our stated strategy of long term organic and acquisitive growth. The Group has made excellent progress since our successful AIM admission, all of which has been made possible by the positive reaction to our flotation by our diversified client base and excellent staff.


At 9:05am: [LON:GTLY] Gateley Hldgs Plc share price was +3.5p at 106.5p



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