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Network Group Holdings plc announces interim results

Network Group Holdings plc, the specialist recruitment and business outsourcing group, announces interim results for the six months ended 31 May 2010.

Financial Highlights
Revenue of 25.1m, a decrease of 1.2m
Operating profit of 0.8m, an increase of 1.5m
Profit before tax of 0.6m, based on the profit before other items*, an increase of 1.6m
Adjusted earnings per share of 0.5 pence based on the profit before other items*, compared to loss per share of 1.3 pence for the corresponding period.

Other items are the movement in the value of the liabilities associated with the equity conversion mechanism, and the movement in the mark to market value of the Group's interest rate collar.


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