Hydrogen Group PLC Trading Statement and Notice of Results (4105U)
January 18 2017 - 2:00AM
UK Regulatory
TIDMHYDG
RNS Number : 4105U
Hydrogen Group PLC
18 January 2017
Hydrogen Group plc
("Hydrogen" or the "Group")
Trading Update for the year ended 31 December 2016 and Notice of
Results
Hydrogen (AIM: HYDG) announces the following trading update in
respect of the year to 31 December 2016.
The Board expects to report net fee income ("NFI") for the year
of c.GBP17.8m and a return to profitability generating a PBT of
c.GBP0.75m as a result of the Group's strategy and a renewed focus
on building market leading niches within the Group.
The Group's balance sheet remains strong with net cash expected
to be GBP2.0m (2015: GBP2.6m) with the reduction in cash primarily
due to an increase in trade debtors. The business has a strong
contractor base, a diversified client base internationally and is
well positioned to take advantage of opportunities in 2017.
Notice of Results
The Group will announce its final results for the year ended 31
December 2016, on 4 April 2017.
Enquiries:
Hydrogen Group plc 020 7090 7702
Ian Temple, CEO
Stephen Puckett, Chairman
Shore Capital (NOMAD and Broker) 020 7468 7904
Bidhi Bhoma
Edward Mansfield
Notes to Editors:
Hydrogen is a global specialist recruitment business with an
annual turnover of over GBP100m. We build market leading businesses
by providing solution for our clients by finding specialist
candidates our clients have difficulty sourcing, placing
exceptional, hard to find professionals in countries across the
world, on both a contract and permanent basis. Our joined-up
practice teams combine international reach with local expertise and
specialist knowledge, to provide visibility of world class
candidates.
http://www.hydrogengroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
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