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IN BRIEF: RBG Postpones Dividend Decision As Interim Profit Falls

Wed, 16th Sep 2020 14:23

RBG Holdings PLC - London-based law firm - Revenue for six months ended June 30 jumps 45% to GBP12 million from GBP8.2 million, helped by a 42% rise in legal services revenue to GBP11.7 million. Pretax profit falls 55% to GBP1.4 million from GBP3.2 million on increased overhead and staff costs. Postpones decision on the exact amount of 2020 dividend until the end of the financial year. Performing well in a very testing environment and remains well positioned for second half. Cautious about making future forecasts given the economic uncertainty.

Current stock price: 62.29 pence

Year-to-date change: down 32%

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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