World Careers Network plc reported unaudited consolidated earnings results for the six months ended January 31, 2017. For the period, the company reported revenue of £5,104,301 compared with £3,766,688 a year ago. An increase of 36%, mainly as a result of increased revenue from existing clients and new projects started in 2015-16 coming fully online. Operating profit was £670,472 compared with £345,700 a year ago. Profit on ordinary activities before taxation was £707,751 compared with £364,761 a year ago. Profit for the period was £554,751 or 7.24 pence diluted per share compared with £289,761 or 3.75 pence diluted per share a year ago. Net cash inflow from operating activities was £395,935 compared with £1,301,777 a year ago. Purchase of property, plant and equipment was £50,623 compared with £64,341 a year ago.

The company expects profit for the full year to be significantly reduced compared to last year and for investments to have a material adverse impact on results for 2018.