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IN BRIEF: Staffline Revenue Down, Loss Widens In "Challenging" Year

Tue, 30th Jun 2020 14:59

Staffline Group PLC - Nottingham-based recruitment and training firm - Revenue for 2019 falls 3.9% to GBP1.08 billion and pretax loss deepens to GBP48.1 million from GBP17.8 million. Says 2019 "challenging" and impact of Covid-19 has been mixed across the group with surges of demand reported in key food distribution and production supply chains, offset by declines in demand from sectors where the shutdown was most severe such as manufacturing, retail and classroom-based training programmes. Board remains "cautiously optimistic" each of three operating divisions will achieve positive result in 2020 on an underlying operating profit basis.

Current stock price: 38.40 pence

Year-to-date change: down 56%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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