24th Sep 2013 08:47
LONDON (Alliance News) - Dillistone Group PLC Tuesday reported an increased in profit for the first half, reflecting a strong performance across the business.
The recruitment-software supplier posted pretax profit of GBP817,000 for the period ended June 30, up from GBP700,000 a year earlier, while revenue rose slightly to GBP3.8 million, from GBP3.6 million in 2012.
Revenue for both its two divisions, Dillistone Systems and Voyager Software, increased during the period.
Earnings before interest, taxation, depreciation and amortisation increased 13% to GBP1.1 million.
The company also acquired recruitment software firm FCP Internet in July, for an undisclosed amount.
"These are an encouraging set of results. We have delivered good revenue growth in both of our divisions in the first half of the year, and have entered the second half with a strong pipeline," Chairman Mike Love said in a statement.
"Our results in the second half will be augmented by the acquisition of FCP Internet, completed in early July, which is expected to be immediately earnings enhancing," he added.
Dillistone also said it would be offering increased opportunities for investors to speak with management, including regular interactive webinars.
The board declared a 4.2% increase in the interim dividend to 1.25 pence per share, up from 1.20 pence.
The stock was trading at 96.00 pence Tuesday morning, down 1.50 pence or 1.5%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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