StockMarketWire.com - Commercial law and complementary professional services group, Gateley said it expected full-year performance in line with market expectations as trading had remained 'strong' in the second half of year.

For the financial year ended ended 30 April 2018, the company said it expected that revenue would not be less than £84m, up from £77.6m a year ago, and adjusted earnings (Ebitda) would not be less than £16m, up from £14.9m.

Fee growth for the group's property and corporate businesses would not be less than 15%' Gateley said.

The final dividend proposed would be in line with the company's stated dividend policy of distributing up to 70% of its after-tax profits, Gateley said.

Following the integration of two acquired complementary businesses during the year, Gateley said Monday it would open a new office in Guildford after exchanging contracts to acquire GCL Solicitors LLP.

'This strategic acquisition brings additional national reach and augments our already strong position in the Housing sector. Yielding immediate benefit to our mutual clients, the acquired business will link well with our Reading and London offices,' said Michael Ward, Chief Executive Officer of Gateley.



At 9:06am: [LON:GTLY] Gateley Hldgs Plc share price was +7.5p at 168.5p



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