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16 Jul 2010 07:00
16 July 2009
WORK GROUP PLC
Trading update
Work Group plc ("Work Group"), the AIM listed marketing services company, announces ahead of its close period that it expects to report an operating profit (before exceptional costs) for the six month period ended 30 June 2010.
Net fee income for the period was £5.6m, 3% up on the corresponding period last year, and the balance sheet continues to be strong with no debt and net cash at the half year in excess of £1.1m.
Management is confident that full year expectations will be met.
Work Group will announce its half year results on 16 September 2010.
www.workgroup.plc.uk
Further enquiries:
Work Group Tel: +44 (0)20 7492 0000
Simon Howard, Executive Chairman
Rose Colledge, Chief Executive
Altium Tel: +44 (0)20 7484 4040
Tim Richardson
Sam Fuller
About Work Group
Work Group is a marketing services company which offers a range of solutions which enable employers to win the war for talent. It focuses on providing services in "talent acquisition and talent development" which enable employers to more effectively recruit, engage, develop and retain key staff.
Work Group's approach is to help employers reduce their traditional reliance on third-party recruiters such as head-hunters and recruitment firms through helping them establish and maintain a direct relationship between employer and prospective employee. It also helps employers reduce attrition costs through better employee engagement and retention of key talent.
Work Group currently operates through two divisions; Communications and Talent Management, providing services from its four locations in the UK and offices in New York and Hong Kong.
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