Connecting to LinkedIn...

Blank

Highams Returns To Profit

Highams Returns To Profit

Highams Systems Services Group plc the AIM-quoted recruitment consultancy and a leading niche provider of business, technology and professional services to the insurance and financial services sectors announces its interim results for the six months ended 30 September 2009

Highlights

Return to profit of 40,000 (2008: loss 261,000)
Increase in specialist requirements
Firm control over costs
Already benefiting from improved market conditions
Reduced revenue of 3.77m (2008: 5.66m)
Gross margin reduced slightly to 15.2% from 16.7% for the last financial year
Permanent revenue remains strong

Ken Ford, Chairman of Highams, commented:

"As anticipated in our preliminary results announced at the end of July, we have produced a profit for the first six months of this financial year despite the difficult trading conditions during the period. We are pleased that the positive effects of the significant cost savings achieved have all come into play and this reduction in our overheads, together with the signs of increased activity within our market have therefore given the expected results so far. With these increased levels in activity, we expect further progress during the following six months and look forward to our future growth."

Tags:

Articles similar to

Articles similar to