FRP Advisory Group PLC - London-based corporate finance, restructuring and debt adviser - Notes progress made over nine months to January 31, citing a "strong" balance sheet and net cash position. Expects to meet consensus market expectations for the current financial year ending on April 30 of GBP123 million in revenue, up 18% from GBP104.0 million in financial 2023, and adjusted earnings before interest, tax, depreciation and amortisation of GBP32 million, 19% higher than GBP27.0 million a year prior. Declares a third quarter dividend of 0.9 pence per share, up 5.9% from 0.85p a year prior. FRP Advisory expects to give an update for financial 2024 in mid-May.
Current stock price: 124.00 pence, down 2.8% on late Wednesday morning in London
12-month change: down 6.1%
By Tom Budszus, Alliance News slot editor
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Frp Advisory Group (FRP)