Murgitroyd posts rise in turnover, profit

7th Sep 2009 14:01

Patent and trademark legal group Murgitroyd posted higher full-year turnover and profits and said it remains confident of its ability to generate continued long-term growth.Turnover increased by 12.5% to £28.9m in the year ended 31 May, as the group continued to see organic sales growth and new contract wins.Profit on ordinary activities before tax rose to £3.1m from £2.9m last time.A final dividend of 6.5p per share has been declared, giving a total dividend for the year of 9.5p (2008: 9.5p)'While the business is not immune to the broader economic downturn, the resilience of the goup's performance is encouraging,' said chairman Ian Murgitroyd.'We are seeing a growing number of opportunities from our US business development office and the board remains confident of our ability to generate continued long-term growth and value for shareholders.'