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Norman Broadbent PLC - London-based recruitment firm - Says revenue in its first half ended June 30 up 56% £6.1 million, from £3.9 million at the same point the prior year. Swings to pretax profit of £8,000 from a pretax loss of £72,000 year-on-year. Generates net cash of £50,000, from net cash used of £500,000 the year prior. Underlying earnings before interest, tax, depreciation and amortisation up to £270,000, from £60,000.
Chief Executive Officer Kevin Davidson said: ‘Despite a challenging market, we look forward with confidence and excitement about what can be achieved again at Norman Broadbent. Looking ahead, we remain conscious of the macro-economic environment, but continue to see a strong pipeline of opportunities giving us confidence as we head into the second half.’
Current market price: 5.48 pence, up 9.6%
12-month change: up 4.4%
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