LONDON (Alliance News) - Management Resource Solutions PLC noted the company's share price has dropped Thursday and said it does not know of any reason for the decline, stating it was expecting its upcoming full-year financial results to be "materially ahead" of last year.
Management Resource shares were down 22% to 17.25 pence per share Thursday afternoon.
The company said it has continued to trade in line with the company's expectations that were laid out on its admission to AIM in December, and said it "anticipated that the financial results for the year ended June 2015 will be materially ahead of full year 2014."
"The company is continuing to seek to expand its client base and number of active contracts. In addition, the directors of Management Resource Solutions continue to evaluate acquisition opportunities which fit within their operation and valuation criteria. Accordingly they know of no reason for the price movement today," it said in a statement.
Management Resource said it is intending to release its results for the half-year ended December 31 before the end of February.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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