By Iain Gilbert
Date: Thursday 28 Jan 2021
LONDON (ShareCast) - (Sharecast News) - Professional services firm RBG Holdings said on Thursday that both full-year revenues and underlying earnings were expected to exceed analyst expectations.
In addition to the improved revenue guidance, RBG also said its balance sheet remained "resilient", with a net cash balance of £3.5m as of 31 December 2020.
As a result, RBG now intends to pay a dividend of 3.0p per share in respect of the 2020 financial year on 26 February.
Chief executive Nicola Foulston said: "The group has demonstrated its resilience during a very challenging year.
"The business has built a strong pipeline, and we expect higher levels of M&A activity in the current financial year. We are looking forward to the year ahead with confidence."
As of 1140 GMT, RBG shares had shot up 12.86% to 71.10p.