StockMarketWire.com - Law-led professional services group Gateley said Tuesday, annual pre-tax profit rose 11.7%, and revenues rose 11% in line with market expectations.

For the year ended 30 April 2018, profit before tax increased 11.7% to £14.6m from £13.1m the previous year, revenue increased 11.0% to £86.1m from £77.6m, adjusted earnings (EBITDA) increased 10.6% to £16.5m from £14.9m.

The company's solid results were supported by its business services division including litigation and dispute resolution work, which had produced 'significant' returns, Gateley said.

Growth was also supported by acquisitions as the company confirmed it had completed the purchase the non-legal Human Capital consultancy business, Kiddy & Partners, in July 2018.

That followed the acquisition of housebuilder specialists GCL Solicitors in May 2018.

The company increased its fee earning staff to 509 from 457 the previous year.

A final dividend of 4.8p was proposed, up from 4.4p the previous year, taking the full year dividend to 7.0p, up from 6.6p.


At 10:22am: [LON:GTLY] Gateley Hldgs Plc share price was +6p at 172p



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