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Begbies Traynor Group PLC - Manchester-based business recovery, financial advisory and property services consultancy - Says "strong" annual performance was "comfortably ahead of original expectations".
Pretax profit in year ended April 30 rises sharply to GBP4.0 million from GBP1.9 million as revenue grows to GBP110.0 million from GBP83.8 million. Total dividend increases to 3.5 pence from 3.0p.
"The results reflect the material increase in our scale and service offerings and a continuation of the strong financial track record we have built over recent years, resulting from our organic and acquisitive growth strategy," Executive Chair Ric Traynor says.
Starts new financial year in "strong position and confident of delivering plans for further growth towards the top end of current market expectations."
Current market forecasts see company's annual revenue between GBP110 million to GBP118 million and adjusted profit between GBP18.5 million and GBP19.7 million, which would be rise on GBP17.9 million in financial 2022.
Current stock price: 142.00 pence, down 2.7% on Tuesday
12-month change: down 10%
By Paul McGowan; paulmcgowan@alliancenews.com
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