Empresaria – 89p

14 March 2018 – final results

The specialist staffing business has released results for the year ended 31 December 2017.  Revenue jumped to £357m (2016: £270m) and adjusted profit before tax was £11.0m versus £9.2m a year earlier.  This translated into adjusted diluted earnings per share of 12.5p (2016: 11.3p).  A final dividend of 1.32p was declared (2016: 1.15p).  These are strong results and although there are potential risks the share price looks too low.  SPECULATIVE BUY.

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