Business
Half Yearly Report
Half Yearly Report.
About this update from Staffline Group Plc
[{"type":"text","content":"\n RNS Number : 1734S Staffline Group PLC 06 September 2010 \n \n\nEmbargoed until 0700 Monday 6th September 2010\n \nSTAFFLINE GROUP PLC\nINTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2010\nStaffline Group plc (\"Staffline\" or \"the Group\"), a national outsourcing organisation providing people and operational expertise to industry, today announces its interim results for the half year ended 30 June 2010.\nFinancial highlights\n\n· Revenue up 70% to £83.4m (2009: £49.1m)\n· Profit pre tax and amortisation up by 71% to £2.4m (2009: £1.4m)\n· Pre tax profit up 50% to £2.1m (2009: £1.4m)\n· Basic earnings per share up by 56% to 7.0p (2009: 4.5p)\n· EPS before amortisation up by 76 % to7.9p (2009: 4.5p)\n· Interim dividend increased by 71% to 2.4p (2009: 1.4p)\n· Net debt reduced to £4.8m (Dec 2009: £5.0m)\n \nOperational highlights\n\n· Significant growth in demand from existing customers due to a range of factors including general uncertainty in the marketplace favouring temporary labour\n· Excellent new business wins in the period together with the full impact of the wins last year\n· Acquisitions completed last year are performing ahead of expectations\n· Two further acquisitions completed at the end of the first half\n· Number of OnSites risen to 129 at 30 June 2010\n \nCurrent trading and prospects\n\n· Trading in the first few weeks of the second half of 2010 has continued to be extremely strong and the Board now expects ear...