Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Legal and professional services business Knights Group said it would not recommend a dividend amid efforts to save cash and said it expected to report a rise in profit for the year.
Despite the group's 'strong' financial position, the board said it had decided it was not appropriate to recommend paying a dividend given the recent cost saving measures.
The company said it expected to deliver revenue for the full year of circa £74.0m, representing a c.40% increase compared to the prior year and underlying pre-tax profit of about £13.5m, up 44%.
The company reported better than expected year-end net debt position of £15.9m. At 9:51am: (LON:KGH) Knights Group Holdings PLC share price was +2p at 382p