Q3 Trading Update and Dividend Declaration
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FRP Advisory Group plc, a leading national specialist business advisory firm, today announces a trading update for the nine months to 31 January 2024 and declares its Q3 dividend.
Trading Performance
The Board notes the progress made by the Group over the first nine months of the financial year ending 30 April 2024 ("FY 2024"). The Board also considers that current trading activity levels are in line with achieving market expectations.*
The Group expects to announce a trading update for FY 2024, in mid-May 2024.
Quarterly Dividend
The Group has a strong balance sheet and net cash position. In line with its stated dividend policy, the Board declares a dividend for the third quarter ended 31 January 2024 of 0.9p per eligible ordinary share. This dividend will be paid on 14 June 2024 to shareholders on the register at 17 May 2024, with the ex-dividend date being 16 May 2024.
*The Board believes consensus market expectations for FY 2024 to be revenue of £123m and adjusted EBITDA of £32m.
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