20th Jan 2015 09:04
LONDON (Alliance News) - Recruitment company Hydrogen Group PLC on Tuesday said it expects to meet market expectations for the year after an improvement in trading in the second half.
The company said its expects its results for the year to December 31 to be in line with market expectations after cost reductions and a focus on its core operations in the second half resulted in an improved performance against the first half of the year.
The improvement in performance came despite net fee income in the second half being lower than in the first half, it said.
The group expects to take a one-off charge of GBP2 million related to the restructuring of the business over the year. It said it expects its administrative expenses to fall by GBP4 million year-on-year as a result of the restructuring.
Hydrogen shares were untraded on Tuesday, having last traded at 72.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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