LONDON (ShareCast) - Recruitment software supplier Dillistone Group on Wednesday confirmed that it still anticipated first-half profits will be down year-on-year, despite higher revenues.

Speaking at the annual general meeting, Chairman Mike Love said that, in line with its previous statement, its largest division, Dillistone Systems, had continued to sign up new clients at a "pleasing" rate.

A significant number of client wins were on a subscription model, and as such will have very little impact on its first half results but will provide improved visibility of revenues over the longer term.

The Voyager division has seen a mixed performance across its product range, but landed new contract wins, including both subscription and outright purchase contracts.

"The group remains confident of making further progress in the full year 2014 and anticipates making announcements regarding updates to its product range later in the year," Love said.

Shares in the company had fallen 2.35% to 103.03p in the first hour of trading.

NR

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