Slater and Gordon look to expand

SLATER and Gordon says it expects a sharp increase in revenue next financial year and is in a position to make more acquisitions.

SLATER and Gordon says it expects a sharp increase in revenue next financial year and is in a position to make more acquisitions, after posting a 47 per cent lift in full-year profit.

In the 12 months to June 30, the law firm recorded net profit attributable to members of $61.1 million, a 47.2 per cent increase on the $41.5m posted in the previous corresponding period.

Revenue for fiscal 2014 was $418.5m, a 40.4 per cent lift on the $298m posted last year.

The group will pay a 30 per cent-franked final dividend of 5c per share on October 24 to members on the register at August 12.

Combined with an interim dividend of 3c per share, the group’s total dividend for fiscal 2014 is 8c per share, an increase from the 6.6c per share paid last year.