30th Sep 2015 12:27
LONDON (Alliance News) - Recruitment services company Norman Broadbent PLC Wednesday said it has seen slower trading in August and September in its Norman Broadbent Executive Search segment, and reported a narrowed pretax loss for its first half.
For the half year to end-June the company reported a pretax loss of GBP81,000, narrowed from a pretax loss of GBP948,000 a year before, as revenue rose to GBP4.9 million from GBP3.8 million.
The company said it had returned to operational profitability in the first half, bolstered by a material improvement at Executive Search and its Norman Broadbent Leadership Consulting businesses. This helped offset continued, but reduced investment in its Norman Broadbent Interim Management, AGP and Social Media Search businesses. The company is hopeful that following restructuring both Social Media Search and AGP will be trading profitably month on month by the end of 2015.
"After a strong first half, and a good performance in the traditionally challenging month of July, NBES has experienced slower trading in August and September. I am confident that we are addressing the issues that affect both the short term trading challenges and the longer term strategic positioning of the business," said Executive Chairman Scanes Bentley in a statement.
Shares in Norman Broadbent were untraded Wednesday afternoon. It last closed at 16.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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