3rd Mar 2016 08:57
LONDON (Alliance News) - Staffing company Impellam Group PLC on Thursday posted a rise in pretax profit and revenue for its recently-ended financial year, driven by acquisitions made in 2014.
Pretax profit for the group rose to GBP39.4 million in the 52 weeks to January 1, up 25% on the GBP31.6 million posted for the 53 weeks to January 2, 2015, as revenue rose to GBP1.78 billion from GBP1.32 billion.
Impellam said it has seen improved customer and staff retention rates across the business and was boosted by the acquisitions of IT staffing firm Lorien and education recruiter Career Teachers in 2014, both of which traded well in 2015. The group also acquired healthcare staffer Global Group and US workforce management firm Bartech in 2015, boosting both its geographic and sector presence.
Impellam said margins improved in its UK specialist staffing business in the year, with operating profit improving in the UK and North American markets.
The company will pay a final dividend of 10.0 pence, up from 7.75p, and a total dividend of 17.0p, up from 14.0p.
Shares in Impellam were up 0.9% to 812.60p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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