Andy Church, CEO, commented:– “As indicated in our recent trading update, continued growth has helped the Group to deliver results significantly ahead of the same period last year. Strong sales growth had led to a 30% increase in pre-tax profits. Full year profitability will benefit from the pivotal September period for our Education Recruitment business and the Group is well placed to deliver against full-year expectations.”
Specialist Outsourcing and Recruitment Solutions Provider Servoca PLC LON:SVCA
Unaudited Interim Results
for the six months ended 31 March 2016
Highlights
— Revenue GBP34.44m (2015: GBP28.12m), an increase of 22.5%
— Gross profit GBP8.95m (2015: GBP7.84m), an increase of 14.2%
— Profit before taxation* up 30.0% to GBP1.33m (2015: GBP1.03m)
— Continued growth in recruitment operations with all businesses continuing to perform well
— Net Debt reduced to GBP1.30m (March 2015: GBP1.60m, September 2015: GBP1.98m), a reduction of 18.8%
— Basic EPS of 0.85p* (2015: 0.66p), an increase of 28.8%
* before amortisation and share based payments