World Careers Network stock up on strong FY14 profit growth; maintains dividend
For the year, pre-tax profit climbed 34% to £2.47 million pounds from last year's £1.84 million pounds. Profit after tax grew to £1.93 million pounds or 24.82 pence per share from prior year's £1.40 million pounds or 18.02 pence per share.
Sales rose 18% to £8.58 million pounds from £7.25 million pounds last year.
The company noted that revenues comprising both implementation charges and ongoing service fees rose as result of new client wins this year, client re-launches and the impact of full year revenues for new clients won in 2013.
Overheads rose just over £663 thousand pounds, whilst interest received roughly halved to £43,300 pounds.
Further, the company said its directors recommended the payment of a dividend of 3.5p per share, which is the same as that paid in respect of the previous year.
Looking ahead, the company said that during the current year, it expects to make significant ongoing investments in its capabilities across the board: in sales & marketing, in the size of delivery team, in customer support and satisfaction, in own processes and management capabilities and in software solutions