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Savile to smash forecasts

Mon, 13th Jul 2009 08:33
Human resources consultant Savile Group has had a cracking year, predicting full year results will be "significantly" ahead of market expectations.The group, which has almost doubled in value since the start of June, said trading in the year ended 30 June 2009 was "extremely buoyant" and well ahead of the previous financial year. Savile also boasted a strengthened balance sheet and net cash and investments of over Β£3m, equivalent to 20.5p a share, and no debt."We have entered the new financial year with signs of continued strong demand and with every confidence that 2009/10 will see a further sustained improvement in the company's performance," said executive chairman Jonathan Cohen.As expected, the dividend will be restored, with investors set to pocket 2p a dividend of "at least" 2p a share.Results are due on 22 September. Ls -3x Avgo

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