World Careers Network reports big revenue rise
Recruitment software provider World Careers Networks (WCN) says a rise in licence fee and 'implementation' income boosted revenues and profits in the six months to the end of January.
Recruitment software provider World Careers Networks (WCN) says a rise in licence fee and 'implementation' income boosted revenues and profits in the six months to the end of January.
Turnover increased by 30% to £3.51m compared to £2.69m in the first half of 2011. At the same time overheads rose by £440,000 resulting in profits before tax of just under £1.1m, an increase of 53% on the £0.71m reported for the first half of last year.
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WCN also says that the size of the projects it is now dealing with will make profits more "erratic".
Those caveats have not stopped the stock rising 9.4% in morning trading. WCN has doubled in value over the last 12 months.
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