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Staffline (STAF) – A Year Of Transformational Growth

Staffline (STAF) is one of the UK’s largest work programme providers, with a history of strong growth.

Its share price has more than quadrupled in three years, from 297p in February 2013 to its present 1,304p, having fallen back from its November peak of 1,614p.

Growth in both the first and second halves of 2015 hovered at around the 50% mark. At the time of the interim results in July the interim dividend was raised by 50% to 7.5p and the final dividend announced today is following suit with a 48% rise to 20p.

Andy Hogarth the CEO of Staffline describes 2015 as another transformational year of organic and acquisitive growth.

Results for the year to 31st December show revenue up by 40% and underlying profit before tax by 52%. The shares have opened strongly this morning with a rise of 63p ( 4.68%) to 1,358p.

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