28th Sep 2022 15:22
(Alliance News) - DWF Group PLC on Wednesday said it is trading in line with management expectations, as it hailed its recent "record" financial year.
Back in July, the Manchester, England-based legal business reported revenue in the year that ended April 30 of GBP416.1 million, up 3.8% from GBP400.9 million year-on-year.
It swung to pretax profit of GBP22.3 million from a loss of GBP30.6 million and increased its dividend to 4.75p from 4.50p.
"We are pleased with the progress we made last year, which followed a transformational performance in FY21. We attribute this continuing good performance to the successful implementation of our new global operating model, and the embedding of our working capital and client programme initiatives," Chief Executive Nigel Knowles told DWF's annual general meeting on Wednesday.
Shares in DWF were up 0.7% to 90.60 pence each in London on Wednesday afternoon.
By Sophie Rose; sophierose@alliancenews.com
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