Slaters charge ahead in the UK
Slaters charge ahead in the UK. Leading Australian law firm Slater and Gordon (ASX: SGH) released its half yearly results on Tuesday, which saw net profit after tax grow by 46.5% to $33.7 million. The company also announced the acquisition of two new law firms in the United Kingdom, continuing on its successful journey in expanding through acquisitions. Finally, the company confirmed its full year earnings guidance for revenue to be $500 million. We continue to be big supporters of the company and believe that the entry into the UK is still in its very early stages. Shares were up 17% for the week. We own Slater and Gordon in the investment portfolio.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
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