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Dillistone Systems And Voyager Software Announce Record Breaking First Half

Dillistone Systems And Voyager Software Announce Record Breaking First Half

Dillistone Group Plc, the AIM quoted supplier of recruitment software, is pleased to announce its unaudited Interim results for the six months ended 30 June 2013.

Highlights:

• Revenue up 6% to &pound3.81m

  o Recurring revenues up 7% to &pound2.41m

  o Non-recurring revenues up 4% to &pound1.21m

  o Third party revenues up 6% to &pound0.20m

• Operating profits up 17% to &pound0.81m

• Basic EPS excluding amortisation of acquisition intangibles  up 11% to 3.69p

• EBITDA up 13% to &pound1.07m

• The Group continues to be debt free cash of &pound1.90m at 30 June 2013 (2012: &pound1.57m)

• Dillistone Systems (www.dillistone.com) delivers highest ever H1 sales (&pound2.52m, up 6%)

• Voyager Software (www.voyagersoftware.com) revenue increased by 7% to &pound1.31m

• Further synergies delivered from the Voyager Software acquisition

• FCP Internet (www.evolvedb.co.uk), acquired in July 2013, will contribute to profits in H2

• 4% increase in interim dividend to 1.25p (2012: 1.2p)

Commenting on the results, Mike Love, Non-Executive Chairman, said:“These are an encouraging set of results.  We have delivered good revenue growth in both of our divisions in the first half of the year, and have entered the second half with a strong pipeline.  Our results in the second half will be augmented by the acquisition of FCP Internet, completed in early July, which is expected to be immediately earnings enhancing.

“The Board expects to make further progress in the second half of the year.”

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