Dillistone Group PLC on Tuesday said that trading in the first six months of 2023 was in line with expectations and higher than a year ago.

Dillistone is a Basingstoke, England-based software and services provider that enables recruitment firms to manage their selection process.

The company said it expects operating profit and recurring revenue ahead of a year prior. The company had reported an interim operating loss of £211,000 and recurring revenue of £2.5 million for the first half of 2022.

‘Whilst we are seeing increased economic cost pressures and a softness in the recruitment market during 2023, the group continues to be focused on delivering initiatives to mitigate these issues and expects to drive further margin improvements as we progress through the year,’ the company said.

‘The group currently believes it will deliver profits for FY2023, before exceptional and one-off items, in line with management expectations,’ Dillistone added. For 2022, it had reported an adjusted pretax loss of £453,000.

Dillistone shares fell 8.1% to 17.00 pence each on Tuesday morning in London.

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