Dillistone Group (DSG:AIM) – decent final results and nice recurring revenue
The AIM quoted supplier of recruitment software has announced positive ‘audited’ results for the 12 months ended 31 December 2012 with the period being the first full year incorporating of Voyager Software numbers.
Revenues were up 29% to £7.1m, with a record level of recurring revenues of £4.5m, operating profits before exceptional items were up 21% to £1.7m and after exceptional items up 25% to £1.5m.
Earnings per share pre exceptional items were up 15% to 7.20p (ahead of house brokern estimates of 6.3p) and the final dividend of 2.5p per share results in a total dividend for the year of 3.7p, equating to an attractive yield of…
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