Bond sees green shoots after troubled 2010
Bond International Software, the personnel software specialist, says improved cost controls and better market conditions boosted profits through 2011.
Bond International Software, the personnel software specialist, says improved cost controls and better market conditions boosted profits through 2011.
Revenues came in 30% ahead of a difficult 2010 at £36.8m with operating margins increasing from 7.8% to 14.2% reflecting a better mix of licence and service income.
Bond made a loss before tax of £1.43m, reflecting a charge on goodwill. The company benefits from UK tax credits on research, and adjusted profits after tax came in at £1.95m, a significant rise on the £0.1m figure reported in 2010.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The loss per share was 3.08p while net debt was reduced by £1.5m.
The proposed dividend has been increased 50% to 1.2p.
Commenting on the results Chief Executive Steve Russell, said:
"2011 has been a year of operational progress for Bond as we continue our recovery from the difficult environment of 2009 and 2010.
2012 has begun positively and we are confident that the Asia Pacific market will provide significant opportunities going forward."
Shares in Bond had risen 11.6% by 09:37
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Just Group has the wind behind it – should you invest?
Just Group, a retirement products provider, is well placed to profit from a growing annuity market
-
8 of the best houses for sale for around £500,000
The best houses for sale for around £500,000 – from an 1850s property in Great Yarmouth with a viewing tower overlooking the harbour, to an apartment in period property with a private residents’ garden in Greenwich