Compel interims strong

Compel increased turnover by 10 per cent to £45m in the six months ended 31 December 2006.

Adjusted pre-tax profits grew by 34 per cent to £1.71m. The company increased the dividend it pays per share by 17 per cent to 0.7 pence per share.

The Hertfordshire based company has two divisions - Enterprise Solutions, and short term rentals service Hamilton Rentals. Enterprise brought in £33.1m of total revenues, up from £30.9m for the same six months of last year. Hamilton Rentals made revenues of £11.9m, up from £10.2m in the same period last year.

Chairman Ron Clark said prospects in the short and long term are excellent. He said: "We are currently seeing a willingness by organisations to invest in IT where some returns arise from organisational growth, development, or improvement rather than just straightforward cost saving."

Compel's statement is here (PDF). ®