Source - SMW
NAHL Group has issued its H1 results, the highlights of which are given below:

- Revenue up 1.3% to £25.8m (2015 H1: £25.4m)

- Underlying operating profit up 24.5% to £8.8m (2015 H1: £7.0m)

- Improvement in underlying operating profit margin from 27.7% to 34.0%

- Profit before tax up 17.1% to £7.5m (2015 H1: £6.4m)

- Excellent cash conversion of 95.7% (2015 H1: 95.5%)

- Basic earnings per share up 5.6% to 13.2p (2015 H1: 12.5p)

- Interim dividend of 6.35p per share (2015 H1: 6.25p)

- Focus on a higher value blend of cases in Personal Injury division, NAH, with strengthened margins, despite an uncertain regulatory backdrop

- Further progress with strategic diversification into complementary legal services markets

- Bush, the Group's Critical Care division, has performed well and is trading ahead of plan

- Fitzalan, the Group's Conveyancing division, has shown good organic growth in revenue and operating profits

- Searches UK acquisition extends the conveyancing offering.

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Nahl Group (NAH)

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