19th May 2016 08:47
LONDON (Alliance News) - Commercial law firm Gateley (Holdings) PLC on Thursday said it anticipates results for the year to the end of April will meet market expectations.
Gateley said it has continued to see good organic growth and expects revenue for the year to April 30 to be at least GBP66.0 million, up from GBP60.9 million a year earlier. Adjusted earnings before interest, taxation, depreciation for the year are anticipated to be at least GBP12.6 million, up from GBP11.3 million.
"I am pleased to report that the group has performed well in its first year as a public company. In a market that continues to be challenging the board has remained focused on the execution of our stated strategy of long term organic and acquisitive growth," said Gateley Chief Executive Michael Ward.
Ward added trading in the second half was "robust", and the group is well placed for future growth, leaving Gateley confident on its prospects for the current financial year.
Gateley shares were up 4.6% to 107.70 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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