Talent2 International Limited (TWO) has reported preliminary full year EBITDA increased 29% to $20.3 million on last year. The recruitment agency said it expected revenue to increase 49% to $228 million and gross profit to lift 45% to $142.4 million.
Managing director Andrew Banks said the record results were particularly satisfying given the state of world financial markets over the past six months.
"It's just 4.5 years since T2 started, and we are now in 16 countries, with over 40 offices, and 1,100 people," he said.
Chief executive officer John Rawlinson said the third quarter of the 2008 financial year saw increased caution in decision making and a slowdown in activity that rebounded somewhat in quarter four.
"In spite of an external environment that continues to be challenging, we remain cautiously optimistic over the next 12 months" he added.
The company said it had $17.5 million cash on hand at June 30 and expected to pay a partially franked dividend of 4.5c a share in September, in line with its previously stated dividend policy.
At close on Friday, Talent2 was down up 6c or more than 5% at $1.6.