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31 Jan 2011 07:00
31 January 2011
Dillistone Group Plc
("Dillistone" or the "Company")
Pre-Close Trading Update
Dillistone, the AIM quoted supplier of recruitment software, makes the following pre-close trading update for the year ended 31 December 2010.
The Board of Dillistone is pleased to announce that, for the year ended 31 December 2010, it expects pre-tax profits to be in line with market expectations. It is also pleased to note that recurring revenues in 2010 grew to record levels, a trend which it expects to see continue in 2011. The Company continues to have no borrowings and had cash balances of approximately £2.1m (2009: £1.8m) as at 31 December 2010.
The Company is also pleased to announce that it expects to launch a new, next generation, release of its core FileFinder product in the first half of 2011. This major new version of the product has been in development since 2008 and represents the realisation of an investment of over £1,000,000.
Dillistone expects to announce its preliminary results for the year ended 31 December 2010 on 5 April 2011. Shareholders are advised that the audit committee of the Company believes that, to maintain audit quality, its lead audit partner at Saffery Champness should continue in that role for a sixth year.
Contacts:
Mike Love (Chairman) Dillistone Group Plc 0207 749 6100
Jason Starr (Managing Director) Dillistone Group Plc 0207 749 6100
Emily Staples (Nomad) Religare Capital Markets 0207 444 0800
Daniel Briggs (Broker) Religare Capital Markets 0207 444 0500
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