|
Knights Group Holdings PLC on Thursday said it was confident in its outlook as it declared a higher dividend, following profit and revenue growth. The Newcastle-under-Lyme, Staffordshire-based legal and professional services firm said pretax profit jumped 68% to £6.9 million in the six months to October 31, from £4.1 million a year prior. Revenue grew 5.8% to £75.3 million from £71.2 million, which the company said was in line with its own expectations. Knights declared an interim dividend of 1.61 pence per share, up 5.2% from 1.53p a year ago. Looking ahead, Knights said that trading has continued in line with board expectations. It said it was ‘confident in the resilience of the business and its ability to attract and retain quality talent and clients, despite macroeconomic pressures,’ and focused on driving organic growth and strengthening the platform for future acquisitions. Chief Executive Officer David Beech said: ‘We continue to expand our relationships with larger clients who increasingly recognise the benefits of Knights’ premium, diversified offering and collaborative, corporatised model. Whilst mindful of macroeconomic conditions, trading in the second half is in line with the Board’s expectations and we continue to focus on driving organic growth and efficiency, providing a strong platform for future acquisitions.’ Knights shares rose 5.0% to 126.00 pence each on Thursday morning in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
