Dillistone Group PLC
25 July 2006
Dillistone Group Plc, provider of software and ancillary services to the
executive recruitment industry, which floated on AIM on 15 June 2006, will be
announcing its first interim results for the 6 months to 30 June 2006 on 28
September 2006.
Trading
Trading in the first 6 months of the year has continued to be strong, and in the
absence of unforeseen circumstances, the Directors are confident of achieving
market expectations for the year as a whole. The group has continued, since the
flotation, to be both profitable and cash generative, and has decided to extend
its offering to its clients by establishing a leasing operation, which will
lease the Group's 'Filefinder' application to clients. It is expected that this
new service will attract additional clients, and enhance both sales and
performance in the coming years. The leasing operation will be established in
the second half of 2006.
Renewals
Support renewals in June 2006, for the year to 30 June 2007 have been ahead of
budget, and the increase in revenue arising from these renewals will reflect in
the results in the second half of 2006, and the first half of 2007. The level of
support renewals reflect the higher than budgeted levels of sales being achieved
by the Group. Order intake for the Group's 'Filefinder' application continues
to be strong.
Relocation
The Group's head office will be relocating to 50-52 Paul Street, London EC2A 4LB
in August 2006. The new offices are conveniently located near to the existing
office, and significantly improve the working environment for our staff.
The costs of the move are expected to be in the order of £140,000 - £160,000,
the vast majority of which will be capital expenditure, and will be met from the
cash resources of the Group.
Enquiries:
Jason Starr - Managing Director Dillistone Group Plc - 0207 749 6100
Jim McLaughlin - Chairman & Finance Director - 01934 710 509
Emily Morgan - Rowan Dartington & Co. Limited 0117 933 0020
Barrie Newton - Rowan Dartington & Co. Limited 0117 933 0010
This information is provided by RNS
The company news service from the London Stock Exchange
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