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Nakama Q3 hit by weak Asia performance

Mon, 21st Jan 2019 08:55

(Sharecast News) - AIM-listed recruitment consultancy Nakama said on Monday that its third-quarter performance was hit by weaker-than-expected trading in Asia.During the third quarter, the company's Asian trading performance fell below management's expectations, generating less revenue than had been projected and materially affecting group profitability. As a result, it made a loss in Q3 and achieved breakeven for the first three quarters of the current financial year, having announced an interim pre-tax profit of £186,000 for the six months ended 30 September 2018.Still, the company's outlook was a little brighter. "Since the start of the new calendar year the group has seen an improved performance from all of its offices, with more client activity and contractor demands. Management will continue to implement tighter controls, forecasting and operational efficiencies."At 1550 GMT, the shares were down 26% to 0.96p.
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30 Jul 2014 10:34

Nakama Narrows Its Annual Loss, Revenue Boosted By Asia-Pacific

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12 Feb 2014 13:13

ReThink no longer considering offer for Nakama

ReThink has confirmed that it has no intention of making an offer for Nakama Group. The group previously announced it was in preliminary discussions regarding a potential offer for Nakama following a leak, but has since confirmed the talks did not progress before the very early stages. ReThink's

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12 Feb 2014 13:06

UPDATE: Nakama Group Slides As Both Potential Bidders Walk Away

LONDON (Alliance News) - Shares in recruitment company Nakama Group PLC fell Wednesday after both Talent International Holdings Pty Ltd and The ReThink Group PLC said they don't intend to make a takeover offer for the company. Nakama shares had soared January 22 when it said it was in talks

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12 Feb 2014 10:23

Nakama Group Slides As One Of Two Potential Bidders Walks Away

LONDON (Alliance News) - Shares in recruitment company Nakama Group PLC fell sharply Wednesday after Talent International Holdings Pty Ltd said it doesn't intend to make a takeover offer for the company. Nakama had soared January 22 when it said it was in talks with two companies, Talent In

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22 Jan 2014 10:51

Nakama Group Soars As It Reveals Potential Takeover Talks

LONDON (Alliance News) - AIM-listed recruitment company Nakama Group PLC Wednesday said it is in preliminary talks with two companies about a potential takeover offer for the company. In a statement, it said talks are taking place with Talent International Holdings Pty Ltd and The Rethink G

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28 Oct 2013 16:01

Nakama Group posts decline in profit after 'challenging' first half

AIM-quoted recruitment consultancy Nakama Group posted stable revenue but a decline in pre-tax profit for the half year ended September 30th, admitting it had been a 'challenging' period for the firm. Revenue for the six months totalled £8.63m (2012: £8.64m), with a 3% increase in net fee income (

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28 Oct 2013 11:03

Nakama Group Outlook Positive Despite First-Half Loss

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6 Mar 2013 16:11

Non-exec at Lancashire Holdings sells quarter of stake

Non-executive Director Neil McConachie sold 25,000 shares in Lancashire Holdings this week, it was announced Wednesday. Neil McConachie disposed of the shares at 913.00p each for a total of £228,250. The transaction comes two weeks after the insurance group announced that it will return $170m to

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