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Share Price:
123.50
Bid:
123.00
Ask:
124.00
Change:
-1.00 (-0.80%)
Spread:
1.00 (0.813%)
Open:
124.50
High:
124.50
Low:
123.50
Prev. Close:
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Thu, 03rd Sep 2015 08:55
(ShareCast News) - Professional services provider Fairpoint posted an increase in interim profit on the back of a surge in revenue.The London-listed company said revenue grew 64% year-on-year to £22.9m in the six months to the end of June, while adjusted profits before tax climbed 21% to £4.1m.Fairpoint said its interim results were "significantly" ahead of the previous year, driven by the expansion of its legal services segment, which now accounts for 49% of total revenue compared with 8% a year ago.Reported profit before tax increased by 27% to £1.3m, while basic earnings per share jumped 25% year-on-year to 2.33p.Group chief executive Chris Moat said the group had delivered another strong set of financial results, both in terms of profitability and cash generation, and continued to execute its expansion plans."The addition, post period end, of Colemans in August 2015 now means that on a pro forma basis, legal services is expected to represent almost two thirds of the group's revenues," he said."This is expected to provide an important growth stimulus for the remainder of 2015 and beyond and the group is well placed to develop upon the considerable opportunities within the legal services marketplace, both organically and by acquisition."Fairpoint shares were up 3.4% to 176.89p at 1153 BST on Thursday.
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1 Jul 2014 08:40
Fairpoint acquires Bristol-based law firm
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17 Jun 2014 09:28
Fairpoint receives approval to acquire Simpson Millar Solicitors
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Fairpoint Trading "Modestly" Ahead Of Last Year
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Read more21 May 2014 11:14
Fairpoint Signs New Bigger Banking Facility For GBP20 Million
LONDON (Alliance News) - Financial services business Fairpoint Group PLC Wednesday said that it has signed a new bigger banking facility for GBP20 million with AIB Group UK PLC. The company, which provides advice and solutions to financially stressed consumers, said the new enlarged banking
Read more21 May 2014 09:25
Fairpoint Group partners with AIB to acquire 20m pound banking facility
AIM-listed financial services firm Fairpoint Group has signed a joint agreement with Allied Irish Banks (AIB) to acquire a new 20m pound banking facility. The group's new facility compromises an £8m term loan which will be used to finance the initial cash consideration. The acquisition was announce
Read more9 Apr 2014 08:33
Fairpoint To Buy Simpson Millar Solicitors For Up To GBP15 Million
LONDON (Alliance News) - Fairpoint Group PLC Wednesday said it has reached an agreement to acquire Simpson Millar LLP Solicitors in a deal worth an initial GBP9 million in cash and shares, with a further earn-out consideration of up to GBP6million. The provider of advice and solutions to fi
Read more