We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gateley (holdings) Plc | LSE:GTLY | London | Ordinary Share | GB00BXB07J71 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.41% | 120.50 | 120.00 | 121.00 | 121.00 | 120.50 | 120.50 | 48,355 | 08:00:08 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Legal Services | 162.73M | 12.24M | 0.0930 | 12.96 | 158.63M |
TIDMGTLY
RNS Number : 4141H
Gateley (Holdings) PLC
24 November 2022
24 November 2022
GATELEY (HOLDINGS) PLC
("Gateley or the "Group")
AIM: GTLY
Trading update and notice of results
Gateley (AIM: GTLY), the legal and professional services group, is pleased to announce a trading update ahead of its half year results for the six months ended 31 October 2022 (the "Period"), which will be announced on 18 January 2023.
The board is pleased with the strong performance of the Group in the Period. Revenue has grown by c.22% (H1 2022: 23%) and is expected to be not less than GBP76.0 million.
Gateley continues to demonstrate a clear strategic focus and increased scale, operating within a diverse and resilient business model that, despite a global economic backdrop of inflation, geopolitical tension and rising negative sentiment, has yielded a pleasing first half performance. Underlying adjusted profit before tax* has grown by c.11% (H1 2022: 14.1%) and is expected to be not less than GBP9.4 million for the Period, (H1 2022: GBP8.5 million).
The Group has net cash and a strong balance sheet and the business continues to trade in line with market expectations for the financial year. Whilst mindful of the economic outlook, the board looks forward to the second half of the financial year.
*Underlying adjusted profit before tax excludes share-based payment charges, amortisation and exceptional items.
Commenting, Rod Waldie, Chief Executive Officer of Gateley, said:
"In a period that included previously announced investment to strengthen our operating model and some predicted and appropriate post-pandemic increases in operating costs, our resilient business model, enhanced by an increasing range of complementary services, and our embedded 'one-team' culture, remain the driving forces behind another strong financial performance by the Group.
"On behalf of the board, I would like to thank our clients for their support and our dedicated people for their ongoing hard work, commitment and can-do attitude.
"We are excited by the wide range of opportunities that are presenting themselves to the Group and look forward to continuing to grow the business, both organically and via acquisition, in line with our stated strategy."
Enquiries
Gateley (Holdings) Plc Neil Smith, Finance Director Tel: +44 (0) 121 234 0196 Nick Smith, Acquisitions Director and Head Tel: +44 (0) 20 of Investor Relations 7653 1665 Cara Zachariou, Head of Corporate Communications Tel: +44 (0) 121 234 0074 Mob: +44 (0) 7703 684 946 Liberum - Nominated adviser and Broker Richard Lindley / Ben Cryer / Cara Murphy Tel: +44 (0) 20 3100 2000 Belvedere Communications Limited - Financial PR Cat Valentine (cvalentine@belvederepr.com) Mob: +44 (0) 7715 769 078 Keeley Clarke (kclarke@belvederepr.com) Mob: +44 (0) 7967 816 525
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TSTFLFSDLALVFIF
(END) Dow Jones Newswires
November 24, 2022 02:00 ET (07:00 GMT)
1 Year Gateley (holdings) Chart |
1 Month Gateley (holdings) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions