LONDON (Alliance News) - Norman Broadbent PLC's UK executive search and interim management businesses have traded "satisfactorily" since the executive search firm reported full-year results in May, Chairman Pierce Casey said Wednesday.
Speaking to shareholders at the company's annual general meeting, Casey said that AGP, previously known as Arcus Global Partners, and digital content offering Connecting Corporates, the two new subsidiaries established in early 2013 and late 2012, continue to contribute "growing revenues" to the group.
On May 28, Norman Broadbent said it made a GBP1.1 million pretax loss in 2013, compared with a GBP73,000 pretax loss in 2012. At the same time, Casey said that Norman Broadbent expects AGP and Connecting Corporates to become profitable during 2014.
Norman Broadbent shares were Wednesday quoted at 29.50 pence, flat.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Norman Broadb (NBB)