Fairpoint Group (AIM:FRP) another great set of results and seemingly loads more to go for
The leading provider of consumer professional services that we issued a full commentary on in March 2015 has announced terrific interim results, with the growing legal services business now expected to represent almost two thirds of the Group’s revenues. The Group has plenty of fire power to support acquisitions and a seemingly modest valuation relative to peers suggests there could be plenty more to go for here?
Fairpoint offers legal services, debt solutions, claims management and IVAs across various brands including Debt Free Direct, ClearStart, Lawrence Charlton and Simpson Millar.
Interim results for the six months ended 30 June 2015 were significantly ahead of the same period last year revenue up 64% to £22.9m, adjusted profit before tax up 21% to £4.1m adjusted basic earnings per share up 19% to 7.38p. The adjustments reflect amortisation of acquired intangible…
Previous article Next article
