Andy Church, CEO Servoca Plc LON:SVCA, commented:– “As stated in our recent trading update, we are pleased to report that the Group has delivered results in line with market expectations. Our results for the year ended 30 September 2016 represent another significant improvement in the performance and profitability of the Group. Our Healthcare recruitment businesses performed exceptionally well and their revenues increased to become the single largest area of Group turnover. We are pleased to be able to declare an increased dividend payment for the year-end, which our strong financial performance enables us to do. Our progress over the last year means we continue to face the future with confidence.“
· Revenue £69.2m (2015: £58.8m), an increase of 17.7%
· Gross profit £18.6m (2015: £16.9m), an increase of 10.1%
· Profit before taxation* £3.5m (2015: £3.0m), an increase of 16.7%
· Cash generated from operations in the year was £2.3 million (2015: £2.2 million)
· Basic EPS of 2.25p* (2015: 1.91p), an increase of 17.8%
· Dividend of 0.35p per share (2015: 0.30p), an increase of 16.7%
* Before share based payment charges, amortisation of intangible assets and exceptional costs (£0.1m).