Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBDI.L Share News (BDI)

  • There is currently no data for BDI

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Bond International Software Profits Rise 176% As Confidence Returns

Tue, 17th Sep 2013 10:10

LONDON (Alliance News) - Bond International Software PLC Tuesday reported an increase in pretax profit for the first half, as confidence returned to its major markets.

The company, which provides software to recruitment businesses, posted pretax profit of GBP488,000 for the period ended 30 June, up 176% from GBP177,000 a year earlier.

Bond said there had been an increase in demand for its staffing software in the UK and the US. It added the principal drivers for the growth have been increasing demand from medium-sized recruitment companies which "now have the confidence" to invest in their technology.

Revenue decreased slightly to GBP17.0 million, from GBP17.4 million in 2012, as recruitment software revenue dipped to GBP8.7 million from GBP10.1 million last year. Both the HR and Payroll Software and Outsourcing divisions increased revenue during the period.

The company reduced its net debt to GBP209,00 from GBP1.8 million, while administration expenses declined 5% to GBP12.4 million, from GBP13.1 million.

"There is no doubt that confidence is returning to the major markets in which we currently operate," Chief Executive Steve Russell said in a statement.

"We are seeing an increase in demand for our staffing software both in the UK and the US which should lead to revenue growth in the second half of 2013 and into next year," he added.

Bond shares were trading at 84.00 pence Tuesday morning, up 9.50 pence or 13%, putting it among the top-10 gainers on AIM.

By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews

Copyright 2013 Alliance News Limited. All Rights Reserved.

More News
4 Nov 2016 14:34

Bond International Software completes disposals and prepares to wind-up

(ShareCast News) - Bond International Software confirmed the completion of the sale of its recruitment software subsidiaries on Friday, comprising Bond UK, Bond International Holdings, and a number of other international subsidiaries, to Hockliffe and Bond US. The AIM-traded company also confirmed r

Read more
24 Oct 2016 07:05

Bond International Software Recommends Improved Symphony Offer

Read more
19 Oct 2016 12:08

Bond International board recommends approval of Constellation offer

(ShareCast News) - Bond International Software announced on Wednesday that it, together with its advisers, have considered the terms of the final increased cash offer of 121p per Bond share to be made by Constellation UK. The AIM-traded firm's board said it considered the greater certainty in timing

Read more
19 Oct 2016 09:53

Bond International Recommends Increased Constellation Takeover Offer

Read more
11 Oct 2016 07:18

Constellation Ups Bond International Offer, Urges Against Asset Sale

Read more
5 Oct 2016 10:26

Bond International board revises recommended sale offer

(ShareCast News) - Bond International Software withdrew its recommendation of the revised Constellation offer on Wednesday, and recommended improved terms for the sale of its recruitment software subsidiaries to Symphony, increasing the consideration to £19.4m. The AIM-traded firm said agreement had

Read more
5 Oct 2016 08:35

Bond Withdraws Constellation Takeover Support In Favour Of Asset Sale

Read more
26 Sep 2016 14:32

ESW pulls out of race for Bond International Software

(ShareCast News) - ESW Capital updated the market on Monday, over its possible offer to acquire the AIM-traded Bond International Software. The offer was first announced on 2 September, at which time Bond was also the subject of an unsolicited offer from Constellation Software. "Following the joint

Read more
1 Sep 2016 16:11

US's ESW Capital Says In Talks To Buy Bond International Software

Read more
22 Jul 2016 09:55

WINNERS & LOSERS SUMMARY: Vesuvius Faces "Almighty Crash" In Steel

Read more
22 Jul 2016 07:13

Bond International To Sell Payroll Subsidiaries For GBP27.4 Million

Read more
1 Jul 2016 07:36

Bond International Says Considering Constellation Takeover Offer

Read more
28 Jun 2016 11:17

Bond International Software Loss Widens In 2015 As Disposals Continue

Read more
23 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

Read more
10 Jun 2016 07:28

Bond International Shuns Constellation Bid As New Offers Emerge

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.