(Sharecast News) - BTG Consulting shares were in the red on Monday even after it reported a 10% rise in full-year revenue to £168.5m on Monday, including 8% organic growth, with results ahead of its previously stated range of market expectations.

Adjusted EBITDA rose 5% to £33.3m, adjusted pre-tax profit increased 6% to £25.0m, and statutory pre-tax profit rose 23% to £14.1m, while adjusted diluted earnings per share improved to 11.1p from 10.5p.

The AIM-traded group proposed a 7% higher total dividend of 4.6p and ended the year with net debt of £1.0m, compared with net cash of £0.9m a year earlier, after acquisitions, share buybacks and dividends.

Chief executive Mark Fry said BTG had delivered "a strong performance ahead of the previously stated range of market expectations", and said the group was "well positioned to deliver further progress towards our £200m medium-term revenue target."

At 1120 BST, shares in BTG Consulting were down 4.99% at 111.16p.

Reporting by Josh White for Sharecast.com.

See latest RNS on Investegate