22nd Oct 2015 07:00
Servoca Plc
("Servoca" or "the Company")
Trading Update and notice of results
Servoca, the specialist recruitment solutions and outsourcing provider, announces an update on trading following its year end.
The Company is pleased to report that results for the year ended 30 September 2015 will be significantly ahead of market expectations.
As indicated in our Interim Results statement in June, the month of September is pivotal for the annual profitability of the Group's Education recruitment businesses. We are pleased to report that our operations in this area enjoyed a strong performance in the period confirming annual operating profits ahead of internal expectations.
Our Healthcare recruitment businesses carried strong momentum into the second half of the year and this momentum has accelerated with further substantial growth in the period. The contribution to Group profitability from this area continues to increase significantly.
The performance for the year gives the Board confidence for continuing growth in 2016.
Servoca expects to announce its preliminary results to 30 September 2015 on 8th December 2015.
Contacts:
Servoca Plc
Andrew Church 020 7747 3030
Glenn Swaby
FinnCap
Geoff Nash/Grant Bergman 020 7600 1658
Malar Velaigam (broking)
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