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Dillistone Group swings to loss as revenues fall

Friday, 27th April 2018
Supplier of recruitment software Dillistone Group swung to a modest loss in the year to the end of December as total revenue fell.

The firm reported a loss for the year of £0.071m compared to a profit of £0.526m the previous year, weighed by an investment made in GatedTalent and a decline in new licence sales.

Total revenue fell 4% to £9.582m despite recurring revenues rising 6% to a record of £7.474m.

The firm declared a final dividend of 0.5p per share, up from 2.8p.

'Overall, despite the evident pressure on new licence sales in 2017 and the loss for the year of £0.071m, going into 2018 the group believes that it is now in a stronger position in its core markets than in recent years,' the firm said.

At 9:54am: (LON:DSG) Dillistone Group PLC share price was -9.5p at 86p

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