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Begbies Traynor adjusted pre-tax profits up

By BFN News | 08:06 AM | Tuesday 11 July, 2017

Adjusted pre-tax profits at Begbies Traynor rose to £4.9m in the year to the end of April - up from £4.5m last time. Revenues of £49.7m were down from £50.1m in 2016 and pre-tax profits of £0.6m were down from £0.9m. The board has proposed a total dividend of 2.2p per share - unchaged from last time. Executive chairman Ric Traynor said: "We have had a year of further progress in developing the group and broadening its service offerings, with earnings in line with expectations. "The results reflect a solid performance in business recovery together with the benefit of our diversification into property services, which now contributes approximately 30% of the group's revenue and profit, and is an important focus of our growth strategy. "We remain the leading UK corporate appointment taker by volume and are well-positioned to take advantage of the cyclicality of this market. "Looking forward, we anticipate a growth in earnings in the new financial year as the board continues to look for further opportunities to develop and enhance the business, both organically and through selective acquisitions." At 8:06am: (LON:BEG) Begbies Traynor Group PLC share price was -1.5p at 48p Story provided by

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