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Begbies Traynor first half profits rise

By BFN News | 07:30 AM | Tuesday 12 December, 2017

Business recovery specialist Begbies Traynor's revenues rose to £26.0m in the six months to the end of October - up from £24.5m last time. Adjusted pre-tax profits increased to £2.9m from £2.5m and pre-tax profits of £1.0m were up from £0.9m last time. The group declared an interim dividend of 0.7p per share - up from 0.6p. Executive chairman Ric Traynor said: 'I am pleased to report a good first half performance, in line with our expectations, reflecting a continuation of the improved performance in business recovery and advisory services experienced in the second half of last year, with property services performing as anticipated. 'Our good performance in the first half of the year leaves us well placed to deliver upon current market expectations for the full year; the delivery of which will enable the group to continue its recent track record of profit and earnings growth. 'The group is in its strongest position for many years, which enables us to execute our strategy and continue to invest in the growth of the business.' Story provided by

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