14 May 2015 15:04
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Don't have an account? Click here to register.Hydrogen Group tumbles as interim loss widens, dividend scrapped
Tue, 15th Sep 2015 10:30
(ShareCast News) - Hydrogen Group tumbled after posting a wider interim loss as net fee income slid and the company ditched its dividend.The recruitment company posted a pre-tax loss of 1.9m from £1.1m in the first half of last year as net fee income declined 30.8% to £10.1m amid a downturn in the oil and gas sector. Revenue fell by 24.5% to £65.9m.Hydrogen said it has taken the decision not to pay an interim dividend as the group is "going through a period of major transition". It said it will take a view on its full-year dividend based on how it performs in the second half.The company said costs continue to be taken out of the business to reflect lower levels of NFI and an exceptional charge of £1.8m relating to restructuring has been booked.It said benefits on the cost savings are expected to flow through in the second half of the year.Chief executive officer Ian Temple said: "We have managed to cope with the challenge with our strong and diversified business model producing a break-even underlying performance in difficult circumstances."Since taking over as CEO in March 2015 I have conducted a thorough review of the business. We have a strong position in a number of specialist markets with a great client base."At 1040 BST, Hydrogen shares were down 22.6% to 41p.
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Hydrogen Group Sees Slower Business Development In 2014 Than Expected
LONDON (Alliance News) - Recruitment firm Hydrogen Group PLC Thursday said it has experienced delays in conversions to completed job placements and is yet to see an overall uplift in net fee income despite increases in jobs and interviews across many areas of its business. Chairman Ian Temp
Read more8 May 2014 14:18
DIRECTOR DEALINGS: Hydrogen Chairman Transfers Shares
LONDON (Alliance News) - Hydrogen Group PLC Thursday said Chairman Ian Temple transferred 112,750 shares at a price of 100 pence per share into an ISA account. His beneficial interest remains unchanged at 4 million shares, or 17.01% of the share capital. Shares in the recruitment comp
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DIRECTOR DEALINGS: Hydrogen Chairman Transfers Shares
LONDON (Alliance News) - Hydrogen Group PLC Wednesday said Chairman Ian Temple transferred 19,700 shares to his ISA account at a price of 110 pence per share Tuesday. Following this transaction, Temple's beneficial interest in the remains unchanged, being 4 million shares, representing appr
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