28th Jan 2015 08:03
LONDON (Alliance News) - Staffline Group PLC posted a rise in pretax profit and revenue for the year on Wednesday and said it remains on track for its revenue targets for 2017.
The company, which provides staffing, outsourcing and training services, said its pretax profit for the year to December 31 was GBP10.5 million, up from GBP8.6 million a year earlier. Revenue for the year rose 21% to GBP503.2 million from GBP416.2 million last year.
The group said the rise in revenue leaves it on track to meet its target of generating GBP1 billion per annum in revenue by 2017.
It said revenue rose across its businesses in the year, boosted by improving economic conditions in the UK and new contract wins over the year.
Staffline said it has proposed a final dividend of 8.5 pence per share, meaning its total dividend for the year will be 13.5 pence, up from the 10 pence paid last year.
It said trading in 2015 has started well, with all divisions performing well and new contracts wins underpinning growth.
"2014 was a period of significant progress for our business. Important strategic steps in both our staffing services and employability divisions have delivered positive momentum for the group and we start 2015 with a stronger and more profitable business than ever before," said Staffline Chief Executive Andy Hogarth.
By Sam Unsted; [email protected]; @SamUAtAlliance
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