Murgitroyd profit up 16%; sees increased US case load
Source - SMW
Patent law specialist Murgitroyd posted a 16% rise in annual profit and said a growing case load from US companies had gotten it off to a strong start to the new financial year.
Pre-tax profit for the year through May climbed to £4.2m, up from £3.6m on-year. Revenue rose 7.5% to £48.0m.
Murgitroyd declared a final dividend of 15p per share, up from 14.5p on-year, bringing the total dividend for the year to 22p, up 4.8%.
'Despite continuing macro-economic and political uncertainties, the group's European and international presence, with eighteen offices in ten countries, puts us in a strong position to balance out any weaknesses in individual markets and to support our clients worldwide,' the company said.
'The group's trading performance in the early part of the new financial year has been strong, partly as a result of a growing case-load from major US-based corporates, including a new retained advisory relationship.'
At 2:03pm: (LON:MUR) Murgitroyd Group PLC share price was +74p at 570p