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
