25th Mar 2015 11:16
LONDON (Alliance News) - Recruitment consultancy Management Resource Solutions PLC on Wednesday provided a trading update for D&M Group, the Australia-based company the group has acquired in a AUD6.7 million reverse takeover.
For the six months to the end of December, D&M reported a pretax profit of AUD799,000 on revenue of AUD9.1 million, Management Resource Solutions said.
It added D&M has seen an increase in sales enquiries since the turn of the year, driven primarily by an increase in infrastructure spending by the Australian government. But it warned that this investment is not expected to be sufficient to offset the fall in private sector activity resulting from the fall in commodities prices.
Shares in Management Resource were down 9.2% to 13.62 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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