Staffline Group share price up as staffing and training company announces revenue growth and increased dividend in its full year results

Hayley Kirton
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Profit before tax fell sharply for the company, but mostly because of one-off restructuring costs (Source: Getty)

Staffing and training company Staffline Group has today announced revenue of £702.2m, up 40 per cent from £503.2m the year before, for its full year results for 31 December 2015.

Although the company saw its profit before tax fall to £5.5m, down 48 per cent from £10.5m the year before, a large chunk of the organisation's expenses for this year can be attributed to one-off restructuring costs. The company reported that its underlying profit before tax had grown by 52 per cent to £28.3m, compared to £18.6m in 2014.

Staffline also revealed that it would pay a final dividend of 12.5p, bringing its total dividend for the year to 20p per share, up 48 per cent from 13.5p the year before.

Share price in the company rose after the results were revealed, reaching a high of 1,390p shortly after the market opened, up 7.3 per cent from previous close.

Read more: Staffline helped by Welfare to Work and growing recruitment

"2015 was another transformational year of organic and acquisitive growth for Staffline," said Andy Hogarth, chief executive of Staffline. "Our work to position the Group at the forefront of ethical standards and compliance has resulted in a record number of OnSites with new and existing customers and has also differentiated us with our now enlarged Employability division, now called PeoplePlus, having completed the integration of A4e."

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