Law firms

Rosenblatt seeks to flex litigation funding arm as IPO boosts revenue but hits profit

Nicola Foulston

Increased publicity following Rosenblatt’s stock market float has helped lift revenue by 19%, although the IPO’s cost weighed on profit.

Rosenblatt said today (30 April) its revenue for the eight months to 31 December 2018 was £12.5m, up from £10.5m last year. Profit before tax, however, fell slightly to £3m from £3.2m, although EBITDA was up 18% to £4.3m.

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