Gatley (holdings) Plc have proposed an interim dividend of 3.3p per share

DividendMax Ltd.

Gatley (holdings) Plc have proposed an interim dividend of 3.3p per share

The Gateley (holdings) Plc board proposes an interim dividend of 3.3p (H1 22: 3.0p) per share. This dividend will be paid on 31 March 2023 to shareholders on the register at the close of business on 24 February 2023. The shares will go ex-dividend on 23 February 2023. This dividend has not been recognised as a liability in the interim accounts.

Other financial highlights include:

Strong financial performance with revenue and profit before tax up 22.2% (H1 22: 23.5%) and 9.6% (H1 22: 19.5%) respectively

Group organic revenue growth of 9.8% (H1 22: 22.7%)

Legal services revenue grew entirely organically by 8.2% (H1 22: 21.9%)

Revenue from consultancy services grew substantially, increasing 104.5% to £18.2m (H1 22: £8.9m), of which organic revenue growth was 20.0%

Adjusted underlying profit margin decreased to 12.6% (H1 22: 13.7%) as certain operating costs, previously restricted by the pandemic, returned

Strong activity levels across the Group with utilisation up 2% to 86% (H1 22: 84%)

Ongoing M&A strategy reduces net cash to £1.1m (H1 22: £8.8m)

Strong balance sheet and significant headroom in revolving credit facility assisting our growth strategy

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