LONDON (Thomson Financial) - World Careers Network PLC said it is unlikely
to see any growth in profitability in the short term as investment in its
business is running ahead of an increase in sales.
The electronic recruitment company reported a marginally better full-year
pretax profit on a slight reduction in overheads and a change in the sales mix
for the second half.
For the year to end July 31, the company said its pretax profit rose to 1.03
mln stg from 1.02 mln as turnover grew to 4.71 mln stg from 3.72 mln stg
earlier.
The company added that the board will seek an extension of its share buyback
authority, which was granted last year, at its annual general meeting.
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