Print   

Monday 12 January, 2009

Prime People PLC

Trading Update

RNS Number : 4609L
Prime People PLC
12 January 2009
 



Prime People PLC


Trading update


In light of the very limited forward visibility for the business which we referred to in November 2008 in the Company's interim results for the six months ended 30 September 2008, the Board of Prime People today provides an update on recent trading and management action.


Market conditions in December 2008 proved to be particularly difficult in both the UK and International operations and cost reductions across the business are being implemented to reflect the current levels of activity being experienced.  The Board is continuing to monitor activity across the business and further measures will be implemented should this be deemed appropriate.


As a result of the very limited forward visibility, the Board do not believe it is appropriate at this stage to provide specific guidance on the outcome for the second half of the year but anticipate that full year results will be significantly below market expectations.


-Ends-


For further information please contact:


Prime People

Robert Macdonald, Executive Chairman

Chris Heayberd, Finance Director

020 7493 5689



Arbuthnot Securities

Richard Tulloch

020 7012 2000



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTBTMLTMMMBMLL

Investegate takes no responsibility for the accuracy of the information within the site.


The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.



Investegate      © 2012 FE. All rights reserved.