Pre-Close Trading Update
January 21 2009 - 2:00AM
UK Regulatory
TIDMNWKI
RNS Number : 9694L
Networkers International PLC
21 January 2009
FOR IMMEDIATE RELEASE 21 January 2009
NETWORKERS INTERNATIONAL PLC
("Networkers" or "the Company")
Pre-Close Trading Update
Networkers International plc, the AIM listed recruitment company, announces the
following statement ahead of its close period.
Based on the unaudited figures for the year to 31 December 2008, the Directors
anticipate that pre-tax profit for the year will be in line with current market
expectations.
The Board remains mindful of the difficult economic conditions. Nevertheless it
is confident that the Company has a robust, sustainable and well diversified
business model which will enable it to operate successfully within the current
climate. Networkers' business is diverse by sector and geography which will
ensure that the Company is not overly reliant upon any one market.
Networkers' CEO, Spencer Manuel, commented:
"I am pleased with the outcome for 2008 but remain mindful of the uncertain
conditions ahead. Together with many of our peers in the staffing sector, we are
experiencing a slowdown in business in certain areas, particularly permanent
placements within the UK, which accounts for approximately 15% of our net fee
income. We continue to plan for modest growth in our public sector and
international telecommunications business, which together represents
approximately 40% of our net fee income. We have built a strong business which
continues to trade profitably and the Board continues to view the future of the
Company with confidence."
- ENDS -
FOR FURTHER INFORMATION
Networkers International 020 8315 9000
Spencer Manuel, Chief Executive
Jon Plassard, Chief Financial Officer
Seymour Pierce Limited 020 7107 8000
Paul Davies
Bishopsgate Communications Ltd 020 7562 3350
Jenni Herbert / Will Tindall
networkersmsb@bishopsgatecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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