16th Jun 2015 09:02
LONDON (Alliance News) - Servoca PLC Tuesday said it is confident in its expectations for its current financial year after reporting that first-half pretax profit almost trebled.
The staffing and outsourcing company said it made a GBP966,000 pretax profit in the six months ended March 31, compared with GBP337,000 in the corresponding period of the prior year. Revenue increased to GBP28.1 million from GBP22.4 million, primarily due to growth in its recruitment business, which operates in the healthcare, education and police sectors.
Servoca is looking forward to September, when children and teachers go back to school after the summer break.
"Our education and healthcare recruitment businesses have enjoyed a great start to the year and carry strong momentum into the second half. As ever, full-year profitability is expected to significantly benefit from the pivotal September period for our education businesses," Chairman Bob Morton and Chief Executive Andy Church said in a joint statement.
Servoca shares were up 0.4% at 22.85 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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