(Alliance News) - Gateley Holdings PLC on Friday said it expects its interim profit to rise on reduced costs as it looks towards the second half with confidence.
The Birmingham-based legal and professional services group said it expects a revenue in the first half ended October 31 of no less than GBP50.0 million, compared to the prior year's GBP51.8 million.
Underlying adjusted pretax profit is expected to widen to at least GBP7.0 million from GBP6.6 million a year before.
"We are also pleased to report that the group's activity levels and revenue generation continue to follow an improving trend with monthly activity during September and October being in excess of the prior year comparable periods," Gateley said.
Going forward, Gateley said: "Following a resilient first half performance, the business has entered the second half of the financial year with a strong sense of optimism, tempered only by possible further impacts from the global pandemic and Brexit. The board looks to the future with confidence."
Gateley shares were up 4.1% at 161.80 pence each in London on Friday morning.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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Gateley Holdings (GTLY)