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NAHL cuts dividend as profit falls

By BFN News | 02:48 PM | Tuesday 17 September, 2019


Legal-sector marketing business NAHL posted a 14% fall in first-half profit, owing to exceptional costs incurred to prepare for small claims reforms. Pre-tax profit for the six months through June fell to £4.6m, down from £5.3m on-year. Revenue rose 3.9% to £25.8m, while underlying profit rose 1.7% to £6.5m. NAHL cut its interim dividend by 19% to 2.6p per share. 'As a group, we are pleased with the overall progress made in the first half of the year,' chief executive Russell Atkinson said. 'We are encouraged by the progress made in the year so far, and although fully cognisant of the challenges ahead, we remain confident of achieving a full year result in line with our underlying EPS expectations.' At 2:48pm: (LON:NAH) Nahl Group share price was -6.75p at 118.25p Story provided by StockMarketWire.com

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