Ince keeps dividend off the table despite rising profits - News Summed Up

Ince keeps dividend off the table despite rising profits


Peter Rogan of Ince & Co and Adrian Biles of Gordon Dadds, now group CEO, shake on the deal in 2018A legal services group has increased its profit by 72 per cent but is standing by an earlier decision to withhold its dividend because of the uncertainty around trading conditions caused by the coronavirus pandemic. Ince, which was created when Gordon Dadds took over Ince & Co, a City shipping law firm, in 2018, said that its profit had risen to £26.2 million, driven by an 87 per cent rise in turnover to £98.5 million. Yesterday’s results covered the year until March 31 and were only slightly affected by the lockdown that came into force because of Covid-19. The Ince Group said that it had suffered a 10 per cent fall in revenue in the first quarter of the present financial year, but added that


Source: The Times August 03, 2020 23:03 UTC



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