Bond International Software Operating Profits Up

Bond International Software’s operating profit rose by 25% to £1.7m in the six months to the end of June.

Revenue of £18.4m (H1 2013: £17.0m) now represents 98% of fixed operating costs (H1 2013 94%).

Operating margins increased to 9% (H1 2013: 8%) and adjusted profit before tax rose by 31% to £1.4m (H1 2013: 1.1m).

Group Chief Executive Steve Russell said: “The ongoing economic recovery in the UK and overseas is having a positive impact on the group.  Not only are we seeing robust growth levels returning in the UK but also we have made substantial headway in our Asia-Pacific office.  The acquisition of Eurowage was a significant step change for the group and the Board believes this will produce good growth prospects.  We maintain our confidence that we are well placed to benefit from global growth and combined with our continued innovation in our products and services we see a positive second half for the group.”