Connecting to LinkedIn...


Savile Group Trading Update

Savile Group Trading Update

The Board of Savile Group plc, the AIM quoted human resources consulting group, specialising in coaching, mentoring, career transition and talent management, provides the following trading update.

The Group's trading in the financial year ended 30 June 2009 was extremely buoyant and well ahead of the previous financial year. The results for the year are expected to be significantly ahead of market expectations. Furthermore, the Group has finished the year with a strengthened balance sheet and net cash and investments of over 3 million (equivalent to 20.5 pence per share) and no debt.

As anticipated at the time of the announcement of the Companys interim results, the Board has decided to restore dividend payments in respect of the year to 30 June 2009. The Board expects to recommend a dividend of at least 2 pence per share.

The Company expects to release its results for the year ended 30 June 2009 on 22 September 2009 when it will provide a further update on trading and prospects.

Jonathan Cohen, Executive Chairman of the Group, commented:

Our strong performance in the financial year to 30 June 2009 demonstrates the continued successful combination of our three distinct brands under the Savile Group investment banner. In recent months, we have taken further steps to expand the Groups UK footprint as well as strengthening our new business development effort with the appointment of a team responsible for developing and coordinating new business leads.

We are also looking to continue to expand our service offering through carefully targeted acquisitions.

We have entered the new financial year with signs of continued strong demand and with every confidence that 2009/10 will see a further sustained improvement in the Companys performance.


Articles similar to

Articles similar to