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Begbies Traynor expects performance to top market expectations following strong Q4

By BFN News | 09:36 AM | Tuesday 07 May, 2019


Begbies Traynor said it expected performance to top market expectations as it performed strongly in the final quarter of the year, due to a number of successful fee realisations combined with continuing strong performance from its operating divisions. 'We now expect our revenue and profit for the financial year as a whole to be comfortably ahead of market expectations, the company said. Cash collection in the period was significantly ahead of our expectations, which had resulted in a year end net debt position of £6m, the company added. 'We have had a successful end to our financial year with our results anticipated to be comfortably ahead of market expectations. We enter the new financial year with a strong order book and favourable market conditions, and are well placed to continue our track record of earnings growth,' said Ric Traynor, Executive Chairman of Begbies Traynor Group. At 9:36am: (LON:BEG) Begbies Traynor Group PLC share price was +7.75p at 67.75p Story provided by StockMarketWire.com

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