HUMAN resource support services firm ATA Group posted good full-year results and said it was well placed to prosper in 2008 despite the uncertain market conditions.
Revenue for the year rose to £23.6 million from £18.1m previously while operating
profit before exceptionals came in at £747,000 compared with the loss of £116,000 in 2006.
Pre-tax profit at the firm, which has a market cap of £2.95m, was £746,000 versus £858,000 in 2006. In 2006, the group received an exceptional gain of £974,000 from an insurance payout after the death of its then chief executive Clive Chapman.
It said in a statement: "We are favourably placed to continue to prosper in 2008, a year which is likely to be mired in uncertainties and threats on both a local and global scale." It added: "Although at this stage it is difficult to forecast the impact on trading as a consequence of the turmoil in the global financial sector and slowing world economies, we enter this period serving solid industries and the group has a strong balance sheet and no borrowings."
Dividends for the year were increased to 4p per share from 3p.
