30th Aug 2024 21:30
Frenkel Topping Group PLC - Manchester, England-based professional and financial services firm, which is focused on personal injury and clinical negligence - Revenue climbs 12% to GBP17.9 million in the first half of 2024, from GBP16.0 million a year prior. Earnings before interest, tax, depreciation and amortisation edge up around 3% to GBP3.6 million from GBP3.5 million. Funds under management rise 15% to GBP1.46 billion from GBP1.26 billion. Looking ahead, Frenkel says it is currently trading in line with revenue expectations but a notch behind management expectations of Ebitda by around 8%. Further, the company says it takes confidence from funds under management growth. Frenkel expects to release half-year results on September 30.
Current stock price: 49.50 pence per share, closed 3.1% higher on Friday in London
12-month change: down 15%
By Tom Budszus, Alliance News slot editor
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