12 Jan 2021
Resilient H1, well on track for full year
Gateley has reported highly resilient interims (revenue -2.6% to £50.5m, PBT +13.2% to £7.5m). The impact of the pandemic in the early months of the year was almost entirely offset by the contribution from acquisitions and a recovery in activity as the half-year progressed. The Property platform continues to perform well and Corporate has seen a strong pick-up in recent months, underpinning full year expectations. Cash generation was a highlight (net cash of £9.3m at the period end), which we ex ....
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Resilient H1, well on track for full year
Gateley (Holdings) Plc (GTLY:LON) | 123 0 0.0% | Mkt Cap: 161.9m
- Published:
12 Jan 2021 -
Author:
James Tetley -
Pages:
3
Gateley has reported highly resilient interims (revenue -2.6% to £50.5m, PBT +13.2% to £7.5m). The impact of the pandemic in the early months of the year was almost entirely offset by the contribution from acquisitions and a recovery in activity as the half-year progressed. The Property platform continues to perform well and Corporate has seen a strong pick-up in recent months, underpinning full year expectations. Cash generation was a highlight (net cash of £9.3m at the period end), which we ex ....