Murgitroyd sees record revenues in half-year

Glasgow-based patent and trademark attorney Murgitroyd said yesterday that its second-half results would show a “significant improvement” on the first six months of the year.

In a trading update ahead of its annual results, the firm said it had generated record revenues of £22.8 million during the six months to the end of May, representing an increase of almost 5 per cent on the same period a year earlier.

Murgitroyd, led by chief executive Keith Young, told investors: “The board confirms that trading for the second half of the financial year has been in line with the board’s expectations and represents a significant improvement on the trading result for the half year.”

Full-year results are due to be published on or around 12 September, the firm added. In January, shares in Aim-quoted Murgitroyd were hit as the company revealed that its halftime profits had slumped by almost a third.