Highams Systems FY Pretax Profit GBP131,000 Vs Loss GBP370,000

2nd Aug 2010 08:12

LONDON (Dow Jones)--Highams Systems Services Group PLC (HSS.LN), a recruitment consultancy and niche provider of technology, business and professional services said Monday it made pretax profit of GBP131,000 for the year ended March 31, compared with loss of GBP370,000, and said its objective for the current year is to return revenue to prior year levels. MAIN FACTS: -Group revenue at GBP7.5 million versus GBP10.5 million -GBP0.5 million turnaround of the business -Basic earnings per share 0.34 pence versus loss 0.77 pence -The directors are not recommending the payment of a final dividend versus nil -Profit margins improved slightly to 16.8% versus 16.7% -Market activity continues to improve -Contractor numbers stable and permanent recruitment strong overall -The board looks forward to the future with enthusiasm and confidence". -Shares closed Friday at 2.50 pence, valuing the company at GBP1.75 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires August 02, 2010 03:12 ET (07:12 GMT)