UK's Knights Group rises on higher revenue, profit
10/07/2023 09:47
** Shares of legal and professional services provider
Knights Group Holdings Plc KGHK.L up 6.5% at 68 pence
** Co posts 13.1% rise in FY revenue to 142.1 mln pounds
($182.07 mln) on new client wins and increase in recruitment
activity
** Underlying profit before tax for full year up 19.1% to
21.6 mln pounds
** "We will continue carefully to consider acquisition
opportunities which will consolidate or expand our existing
footprint and provide a strong platform for future organic
growth" - CEO David Beech
** Co confident of unchanged outlook for current financial
year
** Stock down 36.5% YTD
($1 = 0.7805 pounds)
(Reporting by Eva Mathews in Bengaluru)
((Eva.mathews@thomsonreuters.com))