22nd Jan 2015 08:51
LONDON (Alliance News) - Recruitment company Empresaria Group PLC on Thursday said it expects its profit to come in slightly ahead of market expectations, sending its shares higher in early trade.
The company said it expects its adjusted pretax profit for the year to December 31 to come in up 13% year-on-year, with net fee income to rise 3%.
Total net debt for the company has dropped 36% in the year, it said, to GBP9.8 million.
"The group has continued to deliver on its brand led strategy, focused on growth markets and sectors, which has driven the strong increase in adjusted profit before tax and a continued reduction in overall debt levels," said Empresaria Chief Executive Joost Kreulen.
"This has been achieved despite the investments made during the year, which are in line with our strategy of developing our core brands and investing in growth markets around the world," Kreulen added.
Empresaria shares were up 8.6% to 43.45 pence on Thursday morning, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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