11th Nov 2022 11:54
FRP Advisory Group PLC - London-based corporate finance, restructuring & debt adviser - Expects to post revenue of GBP49.4 million for the six months ended on October 31, up 11% year-on-year from GBP44.7 million, and underlying adjusted earnings before interest, tax, depreciation and amortisation of GBP11.6 million, up 4.5% from GBP11.1 million. The outcomes will be in line with board expectations. Says the medium-term outlook for our key markets remains positive and the board is confident of making further progress in the current financial year.
Chief Executive Officer Geoff Rowley says: "FRP has made good progress in the first half, continuing to grow our team, revenue and profits. Our strategy remains to deliver sustainable profitable growth by ensuring our five service pillars work together to provide solutions that achieve the best possible outcomes."
FRP expects to report results for the half year ended 31 October on December 13.
Current stock price: 162.50 pence, down 2.4% on Friday in London
12-month change: up 26%
By Xindi Wei; [email protected]
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