The Gateley (Holdings) Board is to propose a final dividend of 6.0p per share (FY22: 5.5p), giving a total dividend for the year of 9.5p per share (FY22: 8.5p), subject to approval at the forthcoming Annual General Meeting, which will be held on 17 October 2023. If approved, this final dividend will be paid in October to shareholders on the register at the close of business on 29 September 2023. The shares will go ex-dividend on 28 September 2023.
Other financial highlights include:
Strong performance as a result of diversification strategy in action:
- Group organic revenue growth of 6.2%, comprising 4.9% in legal services and 18.4% in consultancy services
- Consultancy services comprise £41.8m or 25.7% of total Group revenue (FY22: £21.3m or 15.5%) - an increase of 96.4%
Underlying operating profit margin held up well at 15.4% (FY22: 16.4%), despite inflationary pressures throughout the Period
Net assets increased by 4.0% to £78.1m (FY22: £75.1m)
