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IN BRIEF: Knights Group hails strong momentum at start of new year

26th Sep 2023 17:37

Knights Group Holdings PLC - Newcastle-under-Lyme, Staffordshire-based legal and professional services firm - At the firm's annual general meeting on Tuesday, says Chair Bal Johal comments that Knights delivered a "solid" financial performance for the last financial year, with revenue growth of 13%. Argues that against a "challenging" market backdrop, the "resilience" of Knights' business model has enabled the company to navigate challenges whilst "continuing to develop a strong platform to support future growth."

Johal adds: "The board is pleased to report that the momentum that was starting to build at the end of financial 2023 has continued into the new financial year, as the group continues to successfully execute its growth strategy."

For the year ended April 30, Knights reported pretax profit of GBP21.6 million from GBP1.1 million, and revenue of GBP142.1 million from GBP125.6 million the year before. The company said that GBP8.8 million of this increase came from acquisitions made during the financial year, while GBP8.3 million represented the impact of acquisitions made through the previous financial year.

Current stock price: 99.00 pence, up 6.5% on Tuesday

12-month change: up 8.6%

By Holly Beveridge, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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