24th Jun 2016 06:43
LONDON (Alliance News) - Murgitroyd Group PLC on Friday said it expects to report a pretax profit "broadly in line" with market expectations, on revenue of over GBP42 million, for its recently ended financial year.
Murgitroyd said that it has continued to see revenue growth in the second half of its financial year to end-May.
Elsewhere, the company said it completed the acquisition of some trade and assets from Dallas-based MDB Capital Group LLC, and Patentvest SA, for USD2.43 million.
This will be paid for through a new term-loan facility with the balance funded from its existing group resources. The acquisition is expected to be broadly earnings neutral in its first year.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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