Begbies Traynor Group Plc (BEG.L), a corporate consulting company, on Tuesday registered a slight decline in pre-tax earnings for the full year. However, revenue showed improvement.
For the 12 month-period to April 30, the Group posted a pre-tax income of 5.765 million pounds, lesser than 5.985 million pounds in the previous year.
Excluding items, pre-tax earnings were at 21.979 million pounds, compared with 20.651 million pounds in 2023.
Pre-tax non-underlying items increased to 16.214 million pounds from 14.666 million pounds a year ago.
Net profit stood at 1.452 million pounds or 0.9 pence per share as against last year's 2.911million pounds or 1.8 pence per share.
Excluding items, profit was at 16.269 million pounds, lower than 16.341million pounds in 2023.
Adjusted earnings per share or EPS decreased to 9.9 pence from previous year's 10.1 pence per share, following the increased UK corporation tax rate which impacted EPS by 0.7 pence per share.
Operating profit rose to 7.701million pounds from 7.155 million pounds a year ago.
Adjusted operating profit also climbed to 23.915 million pounds from 21.821 million pounds last year.
Adjusted EBITDA increased by 7 percent to 28.5 million pounds from last year's 26.6 million pounds, reflecting improved margins across both business recovery and property advisory, offset by subdued M&A transactions in corporate finance and investment to support ongoing growth.
Revenue was 136.728 million pounds, up from previous year's 121.825 million pounds.
The Board will pay a final dividend of 2.7 pence per share on November 6 to shareholders of record on October 11.
Looking ahead, for the full year, the Group said: "We have started the new year confident of a further year of growth, in line with market expectations. Activity levels in all our service lines are encouraging with positive momentum across the group and we anticipate maintaining organic growth in the new financial year at similar levels."
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