Empresaria (AIM: EMR) encouraging results and full year ahead, could the dividend be raised?
The international specialist staffing group, announced positive interim results for the six months ending 30th June 2015 with key metrics showing positive trends and full year set to be ahead of estimates. Having fallen off recently the share price received a welcome boost.
The Group offers both temporary and permanent staffing solutions in several sectors including Financial, IT Digital & Design, Technical & Industrial and Retail operating in 18 countries across the globe. Overall net fee income for the 6 months was up 12% to £24.1m, adjusted operating profit up 25% to £3m and pre-tax profit up 35% £2.7m. Adjusted earnings per share were up 36% to 3.4p. Net profit for the period of £1.8m resulted in an operating cash outflow of £0.7m. While net debt at the end of June 2015 was £9.9m, down 30% on the prior year it was marginally…