Norman Broadbent sees losses narrowing on higher sales

Writer, Stock Market Wire
Wednesday, February 13, 2019 - 09:41

Recruitment firm Norman Broadbent said it expected to post a full-year loss after rising revenue was more than offset by expenses including a provision for office dilapidations.

Pre-tax losses were expected to narrow to £0.7m, from £1.6m on-year, as revenue rose 40% to £2.6m.

'Our 2018 unaudited results evidence our continued positive momentum,' chief executive Mike Brennan said.

An the Ebtida level, Brennan said the company was confident of seeing losses reduce as fee income continued to rise in 2019.

'We continue to invest in talent to support the growth in the company, which impacts costs in the short term, but operational efficiencies continue to kick-in and we maintain a tight control over costs,' he added.

At 9:41am: (LON:NBB) Norman Broadbent PLC share price was +0.75p at 12.75p

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