11th Apr 2006 07:00
Glotel PLC11 April 2006 Embargoed until 07.00 11th April 2006 Glotel Plc Trading Update for the year ended 31st March 2006 Glotel Plc, the global telecommunications and technology staffing company, todayissues the following pre-close update in advance of its results for the yearended 31st March 2006. The Company is pleased to report that its full year profits are expected to bein line with current expectations. During the year two low margin payroll-basedaccounts were discontinued, one in Australia and the other in the USA. This hasresulted in the second half showing some reduction in revenues against thefirst, but net fee income has improved with a consequential increase in grossmargin as a percentage of sales. The group finished the year with a positive netcash balance. With the sustained improvement in trading Glotel intends to announce a finaldividend of 1p per share for the year ended 31st March 2006. - ends- For further information, please contact: Glotel Plc Weber Shandwick Square MileLes Clark, Chairman Nick OborneAndy Baker, Chief ExecutiveJonathan Brooks, Finance Director 020 7067 0700020 7484 3000www.glotel.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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