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Bond International Results Reflect the Markets

Bond International Results Reflect the Markets

Bond International Software Plc the specialist provider of software for the international recruitment and human resources industries, with operations in the UK, USA and Asia Pacific, today announces its unaudited interim results for the six months to 30 June 2012.


&middot Revenue of &pound17.4m (2011: &pound18.4m)

&middot Recurring revenue of &pound11.7m (2011: &pound11.0m)

&middot Administration expenses reduced 3.6% to &pound13.1m (2011: &pound13.6m)

&middot Operating profit &pound1.0m (2011: &pound1.4m)

&middot Diluted earnings per share 0.43p (2011: 0.01p)

&middot Adjusted earnings per share 2.07p (2011: 2.85p)

&middot Significant new contracts won in Australia and Japan resulting in a 63% increase in revenues in our Asia Pacific operation

&middot Strong growth in Outsourcing Division

Commenting on the results, Group Chief Executive Steve Russell said:

"The staffing software market remains challenging and while we remain cautious about the UK and USA, the group is well placed to take advantage of continued growth in key emerging markets and to prosper when growth returns to the economy.

In the last six months Bond has continued to invest in, and expand operations, in Asia Pacific, leading to a significant contract win in Japan, showing continued confidence in our service offering and strength in this market."


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