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Nakama Group warns it will miss expectations

Fri, 01st Apr 2016 15:28

(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 through significant change as a result of a 'holistic' review of the business.Over the last six months, it had made changes to the infrastructure of the organisation in all geographies, IT operations, support and sales processes and staff, the board explained.Sales training and management development programmes had been implemented in all divisions, with the changes involving management team changes and continues increasing headcount in sales.Nakama had also made a significant investment in New York, in a bid to grow the global network."The board believes that, in order to grow the business, the restructuring and the investment are crucial to the future of the group. The effect of this is reduces profitability during the period," the board said in a statement.It explained that markets had been inconsistent, and they had seen a softening in the contracting market in the UK which affected performance.Nakama's board warned that its turnover for the year to 31 March would be below expectations."The directors are confident that the changes made in the last financial year will show results in the coming year, and they believe that the business is well positioned for growth in the future," the board said.Nakama was due to announce its results for the year to 31 March in July this year.
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18 Sep 2019 13:20

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21 Jan 2019 14:26

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

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21 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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20 Nov 2018 12:02

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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20 Nov 2018 09:58

Nakama Group swings to profit in 'promising start' for turnaround plan

(Sharecast News) - Nakama Group leapt on Tuesday after the company swung to an interim profit following a cut in headcount to counteract struggling revenue.

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19 Sep 2018 16:04

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10 Sep 2018 12:29

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

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26 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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25 May 2018 11:54

Nakama Notes Benefits From Partnership With Sheffield Haworth

LONDON (Alliance News) - Recruitment firm Nakama Group PLC said Friday that all payment plan obligations to the Australian Tax Office are being paid as they fall due, following its business with a

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25 May 2018 10:52

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