Business
REPLACEMENT - Interim Results
REPLACEMENT - Interim Results.
About this update from Staffline Group Plc
[{"type":"text","content":"\n \nRNS Number : 6462N Staffline Group PLC 05 September 2011 \n \n\nThe following replaces the 'Interim Results' announcement released today at 07:00 under RNS No 5810N\nThe announcement now includes the record date - 14 October\n \nFor immediate release 5 September 2011\n \n \nSTAFFLINE GROUP PLC\n(\"Staffline\" or \"the Group\")\n \nINTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2011\n \nStaffline, the national outsourcing organisation providing people and operational expertise to industry, today announces its interim results for the six months ended 30 June 2011.\n \n \nFinancial highlights:\n· Revenues up 45% to £120.9 million (H1 2010: £83.4 million)\n· Gross margins up to 11.8% (H1 2010: 11.2%), the effect of the move in to Welfare to Work\n· Profit before tax up 38% to £2.9 million (H1 2010: £2.1 million)\n· Fully diluted EPS up 39% to 9.2p (H1 2010: 6.6p)\n· Interim dividend increased by 21% to 2.9p (H1 2010: 2.4p)\n· Net cash of £2.4m (H1 2010: net debt of £4.8m) \n \n \nOperational highlights:\n· Continued expansion of the OnSite platform driving growth\n− Increased by 6 sites during the reporting period to 141 (FY2010: 135)\n· Recent Fourstar acquisition (now rebranded EOS) performing well and broadens the Group's activities into the Welfare to Work arena \n· Appointment of new Non-E...