Gateley (AIM:GTLY) decent results for the AIM newcomers, although they reflect the pre-IPO period
The national full-service commercial law firm announced full year results for the year ending 30 April 2015. This actually covers the period prior to admission to AIM on 8 June 2015 and represents pro-forma Plc results for the year ended 30 April 2015, based upon the audited results of the LLP for the same period. So lots of adjustments and assumptions!
Revenue was up 11.5% to £60.9m adjusted pro-forma pre-tax profit up 32.4% to £9.8m with pro-forma basic EPS up 37% to 7.4p
The number of fee generating staff increased to 366 from 355 with utilisation rates of fee generating staff at 85% (2014: 84%).
In terms of overall revenue and contribution, Property was the largest category with revenue up 16% to £20m and the segmental contribution £12.5m, being 33% of the overall before unallocated…
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