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27 Mar 2013 07:00
27 March 2013
Penna Consulting Plc ('Penna' the 'Company' or the "Group")
Trading update
Penna Consulting Plc (PNA:AIM), the international human resources consulting group, has provided the following trading update prior to end of its financial year to 31 March 2013.
"We are pleased to confirm that trading has followed the normal seasonal pattern with higher profits in the second half. Our HR Consulting Division continues as the UK's leading provider of Career Transition services and benefited from its traditionally stronger second half, although activity has been slightly slower as we approach the period end. Despite relatively weak market conditions our Recruitment Services businesses produced profits throughout the year.
We are in the course of exiting from our loss making Swedish operation and the costs of disposal and losses incurred this year will be fully provided for at the year end.
Overall we expect that results for continuing operations for the year ending 31 March 2013 will be broadly in line with the Board's expectations and the Board plans to announce these results in June 2013"
ENDS
For further information, please contact:
Penna Consulting Plc: | +44 (0)20 7332 7754 |
Stephen Rowlinson, Chairman Gary Browning, Chief Executive David Firth, Finance Director |
Nominated Adviser and Broker: | |
Charles Stanley Securities | +44 (0) 20 7149 6000 |
Marc Milmo / Karri Vuori |
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