Bond International Software jumps as full-year profits rise 78%

20th Mar 2015 16:17

Shares in Bond International Software jumped on Friday after reporting a 78% surge in its full-year pre-tax profits.The supplier of staffing, HR and payroll software services said growth in staffing markets helped revenues to rise 14% to £40.1m and profits before tax to jump 78% to £2.9m. Earnings per share also increased to 5.17p from 3.52 the year before.Its recruitment software division enjoyed an increase of revenues by 5% thanks to the acquisition of Eurowage in May, which expects to produce good growth prospects.Showing confidence in the business, Bond recommended a final dividend of 2.5%, up 13.6% from the year before.Chief executive Steve Russell said "the prospects for the group look better than they have done for several years " and expects a "successful year" in 2015.""We are confident that the improvement already seen in the staffing markets worldwide will continue to increase," he added.Shares were up 15.88% to 118.2p on Friday at 16:28.