Source - SMW
World Careers Network has reported that, for the year to 31 July 2017, profits were significantly lower at £811,543, compared to £1,382,896 last year.

Meanwhile, revenue increased by 16.4% from £8,457,202 in 2016 to £9,848,048.

World Careers Network said:

"The group is investing for future growth and this has resulted in increased headcount and employee costs. Revenues have risen broadly in line with our headcount whilst the operating profit per employee has fallen as a result of the concentration of resources into specialist areas and an increase in our marketing spend.

"The Board will be seeking at the Annual General Meeting the extension of the authority granted last year to make market purchases of ordinary shares, within the usual limits for a listed company. In assessing whether in practice to use this authority, the Board will take into account all relevant factors including the effect on earnings per share and assets per share ratios and other benefits to shareholders."

The Board has recommended a dividend of 3.5p per share, which is the same as that paid last year.

At 1:47pm: (LON:WOR) World Careers Network PLC share price was 0p at 207.5p