12 Jan 2009 09:10
Prime People PLC
Trading update
In light of the very limited forward visibility for the business which we referred to in November 2008 in the Company's interim results for the six months ended 30 September 2008, the Board of Prime People today provides an update on recent trading and management action.
Market conditions in December 2008 proved to be particularly difficult in both the UK and International operations and cost reductions across the business are being implemented to reflect the current levels of activity being experienced. The Board is continuing to monitor activity across the business and further measures will be implemented should this be deemed appropriate.
As a result of the very limited forward visibility, the Board do not believe it is appropriate at this stage to provide specific guidance on the outcome for the second half of the year but anticipate that full year results will be significantly below market expectations.
-Ends-
For further information please contact:
| Prime People Robert Macdonald, Executive Chairman Chris Heayberd, Finance Director | 020 7493 5689 |
| Arbuthnot Securities Richard Tulloch | 020 7012 2000 |