10 April 2018 – final results
The consultancy and staffing business has announced its results for the year to 31 December and these have shown a decline in revenues to £83.8m (2016: £91.8m) although part of this is due to a change in the tax treatment of consultants in its professionals division. Pre-tax profits have increased to £1.66m (2016: £0.96m) whilst earnings per share on continuing operations rose to 2.1p (2016: 0.8p). The results benefited from strong momentum in the consultancy services business and it is pleasing to note that net debt has reduced to £1.6m (2016: £4.4m). The current financial year has started as expected and the group believes that further progress is likely in the current year. The shares remain a BUY.