Bond International Software operating profit up 4%
The company reported its revenue is up 11% to £20.4m (H1 2014: £18.4m). Operating profit increased 4% to £1.75m (H1 2014: £1.69m), while profit before tax was £0.86m (H1 2014: £0.77m). Adjusted earnings per share were 2.94p (H1 2014: 3.41p) and net debt of £2.6m (H1 2014: £5.4m).
Commenting on the results, group chief executive, Steve Russell, said, "The increase in the Group's revenues and profits is pleasing. Net cash inflow from operating activities is solid at £2.4m (including £1m deferred consideration paid on the Eurowage acquisition) and the Group's balance sheet is robust with net cash of £0.23m. The strategic review is wide ranging, the outcome of which is expected in the near future."