Sign In
Last checked at 
19 Jan 2012 07:00
19 January 2012
WORK GROUP PLC
(the "Company")
Trading Update
Work Group plc (LSE - AIM: "WORK") announces ahead of its close period that net fee income (gross profit) for the year ended 31 December 2011 was £13.1m, 5.2% up on the corresponding period last year. In addition, the balance sheet remains strong with no debt and net cash of £1.3m (2010: £1.8m). Consequently, management is confident that its financial performance will be in line with market expectations.
Management continue to remain confident of the strength of its two principal businesses, Armstrong Craven and Work Communications, which provide services to a blue-chip client base through offices in the UK, New York and Hong Kong.
The Company expects to announce its preliminary results for the year ended 31 December 2011 on 15 March 2012.
www.workgroup.plc.uk
Further enquiries:
Work Group Simon Howard, Executive Chairman Rose Colledge, Chief Executive | Tel: +44 (0)20 7492 0000 |
|
|
Merchant Securities Limited Simon Clements Lindsay Mair | Tel: +44 (0)20 7628 2200 |
About Work Group plc
The Company offers a range of solutions that enable organisations to win "the war for talent". It focuses on providing services in talent acquisition and talent management that help employers to more effectively attract, engage, develop and retain key staff.
Work Group plc's approach is to help employers reduce their reliance on traditional third-party recruiters, such as head-hunters and recruitment firms, by helping them establish and maintain a direct relationship with prospective employees thereby reducing the cost of hiring. The Company also assists employers in reducing their staff attrition costs through better employee engagement and improved internal communications.
Follow the stocks
