Mon, 28 Sep 2015 

Recruitment, HR and payroll software and services provider Bond International Software has seen gross profit increase 9.6% to £17.4k in the six months to June 30.

The group’s unaudited financial statement, released this morning also noted an increase in administrative expenses, up 10.1% year-on-year.

Other highlights include:

•  Revenue up 11% to £20.4m (H1 2014: £18.4m) 
•  Operating profit up 4% to £1.75m (H1 2014: £1.69m) 
•  Profit before tax £0.86m (H1 2014: £0.77m) 
•  Adjusted earnings per share 2.94p (H1 2014: 3.41p) 
•  Net debt of £2.6m (H1 2014: £5.4m)

The recruitment software division saw revenue rise by 2.2% to £9.22m while revenue for the HR and payroll software division fell by 6.1% to £2.33m.

A strategic review of the business, which began in March this year, continues.