MJ Hudson Group PLC - asset management consultancy headquartered in London - Says underlying revenue for the six months ended December 31 up 12% year-on-year to GBP11 million despite disruption from the Covid-19 pandemic, with revenue growth primarily driven by acquisition activity as well as organic revenue gains. Adds it continues to see attractive opportunities for acquisitions across the business.
Notes that while multiple lockdowns continue to hurt business and presents risks for delays in the conversion of activity to revenue, it is encouraged by the emerging new business pipeline in its second half, the positive impact of new client wins already confirmed and the integration of recent acquisitions. As a result, it is confident on meeting market expectations for its financial year ending June 30.
MJ Hudson will publish full half-year results on March 23.
Current stock price: 44.50 pence
Year-to-date change: down 8.2%
By Ife Taiwo; ifetaiwo@alliancenews.com
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