StockMarketWire.com - Gateley's revenues rose by 9.8% to £38.6m in the six months to the end of October.

The national commercial law firm and complementary professional services group's adjusted EBITDA rose by 6.3% to £5.3m and pre-tax profit was constant at £4.2m following further investment in the business through additional staff and service lines.

The interim dividend of 2.2p per share is unchanged from last time.

Chief executive Michael Ward said: 'I am delighted with the performance of the business in the first half of the financial year.

' We have seen robust activity levels across the Group yielding a 9.8% increase in revenue enabling us to further invest in the business through additional staff and service lines.

'Whilst we remain focused on seeking further acquisition opportunities, our ability to achieve organic growth by attracting talent, recruiting into growing service lines and delivering excellent customer service to our growing client base places us in a strong position for the second half of the year.

'Our new Global Mobility service line is our latest example of strategic investment which, alongside our existing clients and contacts, will enable us to capitalise on the opportunities which we expect to emerge in an environment of ongoing political and economic uncertainty.

'Our acquisitions to date, Gateley Capitus and Gateley Hamer, are performing well with a distinctive cross-sell that is proving attractive to new and existing clients.

'We continue to invest in our people through the release of further share options and I am delighted that participation remains strong across professional and support staff alike.

'We were also extremely pleased with the recent institutional placing which was oversubscribed.

'We saw strong demand from both existing and new institutions, as well as good internal take up from both longstanding employees and recent joiners.

'The Board looks forward to the second half of the financial year with continued confidence.'










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