Rosenblatt to declare first interim dividend amid rising revenue, margins

Writer, Stock Market Wire
Monday, February 4, 2019 - 09:25

Legal services company Rosenblatt Group said it would pay its first interim dividend after its annual revenue and margins rose in line with its expectations.

The company said it would pay a dividend for the six months to 31 December of 2.8p per share, which was ahead of expectations set at its IPO.

Rosenblatt said it continued to maintain high net margins, with its main contentious law practice areas continuing to perform well.

The corporate division, however, had been impacted by a cautious business environment caused, in part, by Brexit uncertainty.

'Rosenblatt has performed well since our flotation last year, with revenue growing and net margins remaining high,' chief executive Nicola Foulston said.

'I am pleased to announce our first interim dividend to shareholders reflecting the strength of the group and this will remain a key metric for us.'

'Our main practice areas, which are centred on dispute resolution, continue to grow and we have been focused on implementing our agreed strategy.'

'We expect to take part in the consolidation of the industry as and when acquisitions meet our strategic and valuation criteria.'

'2019 will be our first full year as a public company and we look forward to delivering growth for shareholders.'

At 9:25am: (LON:RBGP) Rosenblatt Group Plc share price was +0.5p at 82.5p

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