16th Dec 2020 16:49
NAHL Group PLC - Northamptonshire-based legal services provider - Revenue for the second half of 2020 so far to the end of November was 15% lower at GBP17.9 million from GBP21.1 million the same period the year before.
In the third quarter, volumes experienced a steady recovery, however in the fourth quarter volumes were affected by the second UK lockdown, albeit at a lesser extent compared to the first lockdown.
Looking ahead, due to the economic uncertainty caused by the ongoing restrictions, the medium-term outlook remains hard to predict.
In addition, NAHL said that merger discussions with Frenkel Topping Group PLC are at an advanced stage with both management teams working on delivering a transaction to the benefit of stakeholders.
Current stock price: 45.51 pence
Year-to-date change: down 57%
By Dayo Laniyan; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Nahl GroupFrenkel Topping