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Penna Consulting pre-tax profits up 70%

FINANCIAL HIGHLIGHTS

&middot    Revenue 22% to &pound84.4m (2014: &pound69.0m)

&middot    Net revenues 24% to &pound44.7m (2014: &pound36.1m)

&middot    Pre tax profits 70% to &pound4.6m (2014: &pound2.7m*)

&middot    Diluted earnings per share 131% to 15.1p (2014: 6.5p*)

&middot    Net cash at year end 148% at &pound2.3m (31 March 2014: &pound0.9m)

&middot    Final dividend 166% to 4.0p (2014: 1.5p)

&middot    Total dividend per share for the year 100% to 6p (2014: 3p)

*Prior year comparatives show 2013/14 results for continuing businesses before non-recurring exceptional items

OPERATIONAL HIGHLIGHTS

&middot      Impressive profitable growth in Recruitment

&middot      Major penetration into Retail / FMCG sectors in Outplacement

&middot      Increased number of long term contracts

&middot      Successful integration of Savile Group

&middot      Continued investment in infrastructure and people

 Commenting on the results and outlook, Stephen Rowlinson, chairman, said, "Penna produced an excellent set of results for the year to 31st March 2015 with pre-tax profits up 70% to &pound4.6 million and diluted earnings per share more than doubled to 15.1p per share.  The business is well balanced and all three divisions made considerable progress.  As the UK economy continues to grow strongly we are seeing a significant rise in clients' expenditure on recruitment and other HR projects.  Penna continues with impressive momentum."

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