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Impellam Group plc Trading Update

Impellam Group plc Trading Update
 
On 6 August 2010 the Company announced its unaudited interim results for the 26 weeks ended 2 July 2010 which stated that operating profit had increased to 12.5m (2009 0.5m). Net debt had decreased by 30.4 million to 39.2 million as at 2 July 2010 as a result of significant cash generation for the period.
 
Since the interim period end, Impellam has continued to see improved operating performance consistent with the trends experienced during the first half of the year. Net debt stands at 28.5m at 1 October 2010.
 
Cheryl Jones, Chairman, commented:
 
"For the trading period following the Groups half year end, the Company has seen operating performance improvement consistent with that experienced during the first half of the year. Efficiency programs and business rationalization have continued across the Group, and the Company continues to prioritize key drivers of our plan which include leveraging our brands, further improving our process and technology environments, investing in service innovation and refining our growth strategy."

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