The Gately (Holdings) Board proposes an interim dividend of 2.9p (H1 19: 2.6p) per share that will be paid on 31 March 2020 to shareholders on the register at the close of business on 21 February 2020. The shares will go ex-dividend on 20 February 2020. This ensures shareholders' dividend growth is in line with PAT growth of 12.0% (H1 19: 18.0%).
Other financial highlights include:
Revenue increased by 11.8% (10.5% organic) to £51.8m (H1 19: £46.4m)
Revenue derived 93.7% from legal and 6.3% from non-legal services (H1 19: 94.8%, 5.2%)
Profit before tax increased by 10.2% to £5.5m (H1 19: £5.0m)
Profit after tax increased by 12.0% to £4.4m (H1 19: £3.9m)
Basic EPS increased by 10.11% to 3.92p (H1 19: 3.56p), underlying fully diluted EPS increased by 8.75% to 4.60p (H1 19: 4.23p)
Strong cash generation from operations of £6.3m (H1 19: £4.3m)
Robust balance sheet, net assets increased £7.9m to £31.0m (H1 19: £23.1m) and net debt down £6m to £2.1m (H1 19: £8.2m)
