Proactive Investors - Hercules Site Services PLC, a technology-enabled labour supply company, has reported a 51% increase in full-year revenue and said its current outlook is “very positive.”
Revenues in the year-end to 30 September 2022 grew to £49.5mln, with growth achieved across all areas of the business, the company said, while it also reported a 44% increase in gross profit to £9.8mln.
"Hercules has enjoyed positive year-on-year growth in 2022 which has seen us successfully deliver on our strategy and achieve momentum across all areas of our business,” said chairman Brusk Korkmaz in the results statement.
Looking ahead, the group said its directors believe a third consecutive year of roughly 50% revenue growth lies ahead.
Hercules said its pipeline remains robust across all its business units, with trading in 2023 getting off to a positive start.
Additionally, it also said it is progressing on the acquisitions front,
"As these results show, Hercules is ideally placed to benefit from the buoyant market conditions and we have invested in our business during the period to prepare for continued growth in the months and years ahead,” noted Korkmaz.
“We have been implementing a successful strategy to tackle wage inflation and post-year-end trading has been very encouraging, underpinning our confidence for the current year," he added.
Hercules proposed a final dividend of 1.12p per share.