LONDON (Alliance News) - Staffing firm Empresaria Group PLC on Wednesday said its pretax profit grew in 2015 thanks to better margins in the business, which offset a slight dip in revenue.
Pretax profit for the company rose 20% to GBP7.1 million from GBP5.9 million in 2014, helped by its cost of sales falling to GBP138.1 million from GBP143.3 million but its revenue falling just marginally, down to GBP187.3 million from GBP187.9 million. The reduced costs were due to restructuring actions Empresaria took in 2014 feeding through
Net fee income increased 10% year-on-year to GBP49.2 million from GBP44.6 million, with continued strength in the German market and offshore recruitment services activity in India.
Empresaria will pay a final dividend for 2015 of 1.0 pence per share, up from 0.7p a year earlier. It did not pay an interim dividend.
"Announcing record profit levels and our largest investment for eight years is testament to the strength of our strategy of building a diversified group and developing leading brands," said Chief Executive Joost Kreulen.
"We see exciting opportunities across the group in spite of current global uncertainty, and are confident in our ability to deliver profitable growth," he added.
Empresaria shares were up 4.7% to 90.00p
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Empresaria Group (EMR)