Financials: Ambition Group announces 6% revenue increase
18 August 2014
Ambition Group has announced a revenue increase of 6% in its financial results.
Mon, 18 Aug 2014Ambition Group has announced a revenue increase of 6% in its financial results.
During the half year ending 30 June, the recruitment firm, which specialises in sectors such as finance accounting and financial services, saw revenue increase from A$40.4m (£20.5m) in 2013 to $42.8m.
Gross profit was up slightly from $19m to $19.2m, but the proportion of the gross margin reduced from 47% to 45% because of the split between temporary and permanent recruitment revenues.
Profits from the Australian operations increased to $200k and UK operations moved from a loss to a profit of $100k.
Growth from Australia was up 10% and Asia was up 9%, but the growth of the firm’s UK operations dropped by 14%.
The net loss after tax for the period was $800k, compared with a net loss of $400k in 2013 with the $900k in restructuring costs having a significant impact on results.
During the half year ending 30 June, the recruitment firm, which specialises in sectors such as finance accounting and financial services, saw revenue increase from A$40.4m (£20.5m) in 2013 to $42.8m.
Gross profit was up slightly from $19m to $19.2m, but the proportion of the gross margin reduced from 47% to 45% because of the split between temporary and permanent recruitment revenues.
Profits from the Australian operations increased to $200k and UK operations moved from a loss to a profit of $100k.
Growth from Australia was up 10% and Asia was up 9%, but the growth of the firm’s UK operations dropped by 14%.
The net loss after tax for the period was $800k, compared with a net loss of $400k in 2013 with the $900k in restructuring costs having a significant impact on results.
