Staffline posts profits

Shareholders receive first dividend

Staffline Recruitment Group, a specialist supplier of blue collar temporary and contract staff to industry, has reported a big leap in pre-tax profits for 2005 following the opening of 18 OnSites (outsourced HR functions) during the year.

Pre-tax profits for the group, which was formed in 1986 and now has around 80 branches throughout the UK, rose from £500,000 in 2004 to £2.5m in 2005, while sales revenue for the year rose from £49m in 2004 to £61.5m in 2005.

Shareholders can expect a total dividend for the year of 1.9p per share.

This is the first time the company has paid a dividend.

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