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Hydrogen Group: Six Month Trading Ahead Of Board's Views

Thu, 01st Jul 2010 07:59

LONDON (Dow Jones)--Hydrogen Group PLC (HYDG.LN), a specialist professional recruitment business, said Thursday the improving trends in its markets, have continued and trading for the six months ended June 30 was ahead of the Board's expectations. MAIN FACTS: -Seen further strengthening in the U.K. financial services markets and in its international markets, as well early signs of improvement across most areas of its permanent business. -Group Net Fee Income, or NFI, for the period was significantly ahead of the same period for the prior year. -NFI from the company's international operations increased to 35% of Group NFI against 19% for the same period in the prior year. -The Singapore office, which opened in January, has performed well and ahead of expectations. -Strong revenue growth in the period has resulted in an increase in working capital, however, the group expects to be broadly cash neutral at the end of the period, compared to a net cash position of GBP3.1 million at the end of December 2009. -Remains cautiously optimistic in outlook for the remainder of 2010 in the light of the ongoing general economic uncertainty, which continues to affect some of the company's markets. -Shares closed Wednesday at 124.5 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires July 01, 2010 02:59 ET (06:59 GMT)
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25 Jan 2019 11:27

Hydrogen Sees 2018 Profit Ahead Of Market Forecasts On Robust Trading

LONDON (Alliance News) - Hydrogen Group PLC said Friday it traded "robustly" in the latter part of 2018, with all regions reporting growth.The recruitment and consulting firm, as

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25 Jan 2019 08:26

Hydrogen reaps cash as profits top expectations

(Sharecast News) - Recruitment outfit Hydrogen Group continued to trade "robustly" towards the end of its financial year, with profit now set to come in ahead of market expectations.

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6 Nov 2018 09:20

Hydrogen Group Shares Jump On Robust Trading And Good Profit Guidance

LONDON (Alliance News) - Shares in Hydrogen Group PLC surged on Tuesday as the company said all its units this year are "outperforming" its 2017 financial results.Hydrogen Group a

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10 Oct 2018 10:20

Hydrogen Continues US Business Growth With Two New Office Openings

LONDON (Alliance News) - Specialist recruitment company Hydrogen Group PLC said on Wednesday it has opened two new offices for its US business in Austin, Texas and San Diego, California, as well a

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18 Sep 2018 11:10

Hydrogen Group Shares Jump 20% As It Swings To Interim Profit

LONDON (Alliance News) - Shares in Hydrogen Group PLC jumped on Tuesday as the company said it swung to an interim profit on the back of increased revenue.Shares in the specialist company a

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18 Sep 2018 10:15

Hydrogen Group soars as full year revenues set to smash expectations

(Sharecast News) - Hydrogen Group saw its shares rocket on Tuesday after a strong increase in the firm's first half revenue saw the return of an interim dividend payment and increased group expectations.

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25 May 2018 12:28

Hydrogen Board Confident To Meet Views After "Encouraging" Performance

LONDON (Alliance News) - Hydrogen Group PLC Non-Executive Chairman Stephen Puckett said Friday the group's performance to date was "encouraging" with management confident to achieve

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16 Nov 2016 17:23

DIRECTOR DEALINGS SUMMARY: Hydrogen Chair And Non-Executive Buy

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16 Nov 2016 14:25

Director dealings: Hydrogen pair see value as growth returns

(ShareCast News) - Hydrogen Group's chairman and a fellow director have scooped up some shares in the AIM-listed recruiter, which sit not far from the seven-year lows reached in the summer. Chairman Stephen Puckett spent £120,000 at a price of 30p and non-executive Richard Green around £50,000 at th

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16 Nov 2016 12:07

DIRECTOR DEALINGS: Hydrogen Group Chairman, Non-Executive Buy Shares

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19 Oct 2016 07:33

Hydrogen Group Chief Financial Officer Chris Adams To Leave In 2017

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7 Sep 2016 09:25

Hydrogen Returns To Profit But Energy And Legal Units Weak

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20 Jul 2016 11:07

LONDON MARKET MIDDAY: Pound Gains As UK Labour Market Tightens

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13 May 2016 15:03

AGM, EGM Calendar - Week Ahead

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5 Apr 2016 11:11

DIRECTOR DEALINGS: New Hydrogen CFO Buys First Shares

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