7 Jan 2016 07:00
7 January 2016
PENNA CONSULTING PLC
("Penna" or "the Company")
Trading Update
The Board is pleased to announce that the momentum established during H1 has continued and strengthened and in Q3 Penna has experienced a further substantial increase in the level of trading.
Profits before tax (unaudited) for the 9 month period ended 31st December 2015 were 51% higher than in the same period of the previous year at £4.92m (2014: £3.25m).
The Company is benefitting from increased expenditure per client, improved margins and a series of important new client wins.
Accordingly management's expectations of profits for the year to 31st March 2016 have been materially increased.
Enquiries:
Penna Consulting plc | |
Gary Browning, Chief Executive | Tel: +44 (0) 207 332 7993 |
David Firth, Finance Director | |
Panmure Gordon (UK) Limited | Tel: +44 (0) 207 886 2500 |
Nominated Adviser & Broker | |
Mark Taylor / Karri Vuori | |
Vigo Communications | Tel: +44 (0) 207 016 9570 |
Ben Simons, Jeremy Garcia or Fiona Henson | E: penna@vigocomms.com |
About Penna Consulting plc
Penna is a global people management business. We work with over 2,000 organisations in more than 70 countries including 70 of the FTSE 100 and some of the highest profile public sector bodies.
Our vision is to make every organisation great through the performance of their people. We believe that for any organisation to achieve greatness they must be able to successfully attract, develop and transition individuals.
As the only provider able to offer proven solutions across the entire employee lifecycle from attraction to transition, we are uniquely positioned to help organisations successfully address whatever talent opportunities and challenges they may be facing.
This unique breadth of expertise enables us to offer integrated, innovative, tailored solutions that have a measurable impact on business performance.