LONDON (Alliance News) - Aquila Services Group PLC on Monday raised its interim payout by 13% following strong profit growth in the first half of its current financial year.
The management consulting services provider said pretax profit grew 14% to GBP221,711 in the six months to the end of September from GBP193,969 reported for the same period a year ago, as revenue jumped 42% to GBP3.6 million from GBP2.5 million.
Administrative expenses were 14% higher at GBP551,460, compared to GBP482,896 posted the year prior.
Aquila Services declared an interim dividend of 0.29 pence a share, up from 0.26p paid the year before.
The company noted that it saw continued growth in its client base in both its consultancy business and the treasury advice business.
"The first six months of this financial year has seen the beginning of the benefits of our investment strategy working through to our financial results," said Chairman Derek Joseph.
"We will continue to develop our 'one-stop professional services' approach for the sector and balance the needs of providing a return to shareholders in the short to medium term with the resources required to ensure the long term sustainability of the business," added Joseph.
Aquila Services shares were trading 2.7% higher on Monday at 37.50p each.
