Slater & Gordon (ASX:SGH) share price lifts 5% on earnings report

The Slater & Gordon Limited (ASX: SGH) share price surged by as much as 11% today after the firm released its earnings report for the half year in FY21.

At the time of writing, Slater & Gordon shares were up 5.56% to 86 cents per share.

What did Slater & Gordon announce today

The law firm announced a net profit for the six months ending 31 December 2020 of approximately $3 million — a far better result than the $561,000 loss of the prior corresponding period (pcp).

Revenues rose by $10 million – including $8 million in net movement in Work in Progress (WIP). Concurrently, expenses rose by only $3.8 million. The company highlighted a 16% growth in enquiries and a 6% rise in active case files during the period.

The law firm also…