Gateley (Holdings) PLC has approved an interim dividend of 3.0p (H1 21: 2.5p declared in June 2021) per share. This dividend will be paid on 31 March 2022 to shareholders on the register at the close of business on 18 February 2022. The shares will go ex-dividend on 17 February 2022. This dividend has not been recognised as a liability in these final statements.
Other financial highlights include:
Strong financial performance with revenue and profit before tax up 23.5% and 19.5% respectively
Organic growth of 23.0%
Revenue from consultancy (non-legal revenue services) grew substantially, increasing 33.9% to £8.3m (H1 21: £6.2m)
Trading margins ahead of pre-pandemic levels with adjusted underlying profit margin of 13.7% (H1 20: 13.3%, H1 19: 13.2%)
Strong activity levels across the Group with utilisation up 5ppts to 84% (H1 21 79%)
Operating costs remain lower than pre-pandemic levels