MSB profits up
posted 12:29pm 06/04/05
MSB International (MSB) has announced a bumper set of financial results for the year ended 31 January 2005.
The firm’s operating profit was £800,000 after goodwill amortisation, a fourfold increase from last year.
Earnings per share went up 238% to 2.57p, while pre-tax profits went up 165% to £800,000.
MSB acquired Elite Computer Staff in September 2004 and also launched MSB Secretarial last year.
Paul Davies, Chairman of MSB, said: “It is gratifying to be able to report a solid set of results for the year, showing continued earnings growth, substantial increases in revenues and profitability, positive cash at bank and ongoing improvements in operational efficiencies.
“We are confident that the business will continue to perform well as a result of the anticipated sustained market conditions and our strategy of extending our recruitment services.”
