8 Oct 2019 10:31
Nakama Finance Chief Meehan, Former Boss Williams To Stand Down
Nakama Finance Chief Meehan, Former Boss Williams To Stand Down
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Don't have an account? Click here to register.Nakama Group swings to profit in 'promising start' for turnaround plan
Tue, 20th Nov 2018 09:58
(Sharecast News) - Nakama Group leapt on Tuesday after the company swung to an interim profit following a cut in headcount to counteract struggling revenue.Profit before tax for the six months ended 30 September amounted to £0.2m, with the company swinging from a £0.4m loss on-year, as administrative costs dropped by 22% to £2.5m as the AIM traded company reduced its headcount by 23% to 57.The recruitment consultancy also reported that revenue dropped by 3% to £8m, though cost of sales was reduced by 3% to £5.4m which kept net fee income constant at £2.7m.Cash and cash equivalents at 30 September had dropped by 22% to £0.2m, compared with the same point last year.Andrea Williams, chief executive of Nakama, said: "As the first phase of our turnaround plan starts to bear fruit, we are very pleased with the results of the first half of this financial year. As we have committed to focusing our efforts on core markets, we have had to implement changes across most of our business units, early results are promising."Williams added that she expected headcount to be reduced further in the short-term before an increase in the next financial year."This is a positive start to our turn-around plan and I would like to thank all my colleagues for their hard work and commitment to the business. I would also like to thank our candidates and clients for their continued support across our key markets and to our supportive shareholders."Nakama's shares were up 35.00% at 1.35p at 1140 GMT.
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18 Sep 2019 13:20
Nakama Swings To Annual Profit But Revenue Falls On Australia Closure
(Alliance News) - Recruiter Nakama Group PLC on Wednesday reported that it swung to annual profit but revenue fell year-on-year.For the financial year ended March 31, Nakama recorded a 20%
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Nakama Group Appoints New CEO, Williams To Resume Non-Executive Role
LONDON (Alliance News) - Nakama Group PLC on Thursday said it appointed Robert Thesiger as chief executive officer of the company with effect from Monday.At the same time current CEO Andrea
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Nakama's Quarterly Profitability Takes Hit From Weak Trading In Asia
LONDON (Alliance News) - Nakama Group PLC on Monday said third quarter profitability was negatively affected by poor performance in Asia, but the company remained profitable over the first nine of
Read more21 Jan 2019 08:55
Nakama Q3 hit by weak Asia performance
(Sharecast News) - AIM-listed recruitment consultancy Nakama said on Monday that its third-quarter performance was hit by weaker-than-expected trading in Asia.
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Nakama Swings To Interim Profit On Cost Savings; Appoints Finance Head
LONDON (Alliance News) - Nakama Group PLC on Tuesday swung to an interim profit as its cost-cutting strategy delivered results.Nakama shares were up 25% trading at 1.25 pence each on the of
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Nakama Cautious As Annual Loss Widens On Slowdown In Contractor Market
LONDON (Alliance News) - Nakama Group PLC on Monday said it is cautious on achieving the long-term goals, as its loss widened in its ended financial year.The recruitment consultancy firm in
Read more26 Jul 2018 13:51
Nakama Group Appoints Michael Clelland As Non-Executive Director
LONDON (Alliance News) - Recruitment company Nakama Group PLC said Tuesday it has appointed Michael Clelland as non-executive director.Clelland is a financial professional with a long in in
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Nakama Notes Benefits From Partnership With Sheffield Haworth
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Nakama Group warns it will miss expectations
(ShareCast News) - Nakama Group issued a warning over its full-year results on Friday, having spent much of its resources restructuring the company amid tough trading conditions. The AIM-traded recruitment firm said that, since the appointment of Rob Sheffield as group CEO in September, it had been
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