Patent and trade mark firm expects to meet full-year earning targets
Patent and trade mark law firm Murgitroyd Group expects to meet full-year earnings targets from continued pick up in activity levels carrying on into the second half of the financial year.
The Glasgow-headquartered firm reported a 13 per cent rise in revenue for the first half of the financial year to November 2011 and is on track to deliver its eleventh consecutive year of growth.
Murgitroyd Group, the holding company of patent and trade mark firm Murgutroyd & Company, said global expansion, particularly in Germany and the United States, lifted revenues by £2 million in the first half to £18 million.
Pre-tax profits for the first half were up 23 per cent to £2.2 million.
The group, which floated on the Alternative Investment Market (AIM) in November 2001, opened a new City of London office in April of this year and will move to a larger office in Munich in November.
Shares in Murgitroyd Group rose more than two per cent in early trading today.