StockMarketWire.com - Safety-focused company investor Marlowe said it had acquired employment law compliance company Law At Work for £6.3m.

Marlowe also reported a reduction in first-half profit to £0.3m, down from £0.7m on-year, as acquisition and restructuring costs offset a rise in sales.

Glasgow-based Law at Work employed about 70 staff and provided subscription-based employment law compliance and health and safety services.

It generated revenues of £5.4m, Ebitda of £1.2m and pre-tax profit of £1.0m for the year through May.

On an adjusted basis, Marlowe's pre-tax profit for the six months through September rose 53% to £6.2m, amid a 58% rise in sales to £89.3m.

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