(Alliance News) - Norman Broadbent PLC on Monday said it will continue investments as it swung to profit in the first half of its current financial year.
Ahead of its annual general meeting, the professional services firm said it has seen continued positive top-line growth in the six months to the end of June, which has resulted in the company recording a small pretax profit.
In the first half of 2018, the company delivered a pretax loss of GBP265,000.
Norman Broadbent said the return to profitability is an important milestone for the company, which validates its strategy of building a more diversified business supplying "high value" services to its clients.
Looking ahead, the company said it will continue to attract, and invest in, "high-quality" talent.
"Our diversification strategy has created a more agile and balanced group offering a range of consulting, research-related, and high-quality fully-retained Talent Acquisition solutions to our clients. The group posted a small pretax profit for the first half of 2019, and, looking ahead, can see a diversified business pipeline going into the second half, " said Chief Financial Officer & Chief Operating Officer Will Gerrand.
The AIM-listed company said it intends to release its unaudited interim results during the course of September.
Norman Broadbent shares were untraded on Monday in London, last closing at 9.50 pence each.
Norman Broadb (NBB)