Northern Recruitment: Interim Management Statement | Company Announcements

Friday 02 May, 2008

Northern Recruitment

Interim Management Statement

Northern Recruitment Group PLC
02 May 2008

                                                                      2 May 2008


                         NORTHERN RECRUITMENT GROUP PLC

                          INTERIM MANAGEMENT STATEMENT

Current trading

In our half year report, released on 8 February 2008, we anticipated continued
progress in our core permanent recruitment operations in the second half
together with a renewal of growth in the temporary recruitment arena.  Whilst
our permanent revenue stream has remained strong in the third quarter, our
temporary revenues have weakened and we expect this trend to persist for the
remainder of our financial year to 30 June 2008.  Taking this into account we
now expect that our results for the current year will be somewhat below
present market expectations.

Dividend

The Board will review its final dividend at the time of the full year results.
In considering the full year dividend the Board will take account of not only
the anticipated level of earnings but also the strength of the Group's balance
sheet.

                                     -ends-

ENQUIRIES:

Northern Recruitment Group                               Hudson Sandler
Lorna Moran, Chief Executive                             Nick Lyon
Tel: 0191 260 4412                                       Tel:  020 7796 4133



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