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Bond International Software operating profit up 4%

The company reported its revenue is up 11% to &pound20.4m (H1 2014: &pound18.4m). Operating profit increased 4% to &pound1.75m (H1 2014:  &pound1.69m), while profit before tax was &pound0.86m (H1 2014: &pound0.77m). Adjusted earnings per share were 2.94p (H1 2014: 3.41p) and net debt of &pound2.6m (H1 2014: &pound5.4m).

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 &pound2.4m (including &pound1m deferred consideration paid on the Eurowage acquisition) and the Group's balance sheet is robust with net cash of &pound0.23m. The strategic review is wide ranging, the outcome of which is expected in the near future."

 

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