Dillistone Systems
News & Investors
Final Results for the year ended 31st December 2007
PRELIMINARY ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2007
Dillistone Group Plc (‘Dillistone’ or ‘the Group’), the AIM listed supplier of Recruitment Software, is pleased to announce its preliminary results for the year ended 31st December 2007.
Highlights for the period:
| 2007 | 2006 | ||
| Revenue | +23% | £4.07m | £3.30m |
| Profit before tax | +30% | £1.20m | £923k |
| Profit after tax | +26% | £804k | £637k |
| Earnings per share (basic) | +24% | 14.9p | 12.0p |
| Cash at bank | +185% | £1.534m | £539k |
| Operating margin | +4% | 29% | 28% |
- Recurring revenues increased by 29% to £1.67m, representing 41% of total turnover
- Proposed final dividend of 6p per share recommended, making total dividend for year of 8.5p
- Clients in over 50 countries worldwide
Commenting on the results, Jason Starr, Managing Director said:
“We are very pleased with the continued global growth of Dillistone in 2007. Particularly significant is that 7 out of our 25 largest implementations within the period were into the world’s ‘emerging markets’ and that many major contracts were won where clients moved over to Dillistone from direct competitors. This is an endorsement of our position as the market leader in the global Recruitment Software industry.
“Revenue growth has been complemented by an enhanced operating margin and strong profits, demonstrating a robust performance across the business. The Group has been very cash generative and gives us a strong platform to continue to develop in 2008 despite the economic uncertainty seen recently in world markets.”
Contacts:
Jim McLaughlin Dillistone Group Plc Chairman & Finance Director 01934 710 509
John Wakefield Blue Oar Securities 0117 933 0020
Tom Cooper Winningtons 0797 122 1972
Full report is available here.