Business process management supplier Staffware has announced its preliminary results for the 12 months ending 31 December 2003.
Staffware has increased its dividend significantly , with a total increase of 40% against 2002 figures.
The company also announced an increase in sales revenue, with an overall annual revenue increase of 9% to £42.7m. Total licence revenue was £21.9m, 51% of total revenue.
The company reported that profit after tax increased by 38% to £2.2m against £1.6m in 2002. Total profit before tax increased by 35% to £3.5m.
Cash resources increased by 15% and R&D by 6%, with a £7.5m investment, a total of 18% of sales revenue.
Business development highlights include nine £500,000 contracts compared with seven in 2002. These include contracts with companies in the UK, Holland, Poland, South Africa and the US.
Written by Computing SA staff