LONDON (ShareCast) - (Sharecast News) - Professional services firm Gateley witnessed some strong trading in the second half of its trading year, with both revenues and profits growing year-on-year.
Gateley told investors on Thursday that it expects to report revenues of no less than £102m for the year ended 30 April, a marked improvement on the £86.1m posted a year earlier.

Adjusted EBITDA was projected to be somewhere in the vicinity of £19m, a 15% year-on-year increase, while reported profit after tax was projected to come in 10% higher at £13m.

The AIM-listed outfit recorded organic and acquisitive growth across all of its segmental reporting lines, reflecting the benefits of its continued, focused investment.

Looking forward, Gateley said its acquisition pipeline remained "strong", as it continues to seek additional growth opportunities through complementary professional services.

Chief executive Michael Ward said: "I am delighted that the business has broken the £100m turnover barrier for the first time and delivered another excellent performance.

"We look forward to the future with confidence."

As of 1020 BST, Gateley shares had dipped 2.06% to 166.50p.

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