RBG Holdings sees FY results 'significantly ahead' of prior year
By Iain Gilbert
Date: Friday 24 Jan 2020
(Sharecast News) - Professional services group RBG Holdings said on Friday that its full-year results would meet market expectations and come in "significantly ahead" of 2018.
RBG, also known as Rosenblatt, said more contingency work kept revenues at the litigation-focused law firm on track - rising to £2m.
The AIM-listed outfit also said December's General Election result had also sparked a marked increase in corporate work, which had previously been lower as a result of Brexit-related concerns.
Chief executive Nicola Foulston said: "2019 has been a year of substantial progress, with the group continuing to perform well in a challenging business environment.
"2020 already looks promising, especially in our corporate division, where there has been a pickup in activity post the election."
RBG also revealed that chairman Stephen Davidson had chosen to stand down and said he would be replaced by non-executive director Keith Hamil.
As of 1335 GMT, RBG shares were broadly flat at 98.55p.
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10 Lower Thames St,
London EC3R 6EN