Financials: Profits unchanged at Penna Consulting
13 November 2012
Profits at International human resources consulting group, Penna Consulting, for the six months ended 30 September 2012 were unchanged from the same period in 2011 at £0.8m before tax, according to the company’s unaudited results announced today.
Tue, 13 Nov 2012
Profits at International human resources consulting group, Penna Consulting, for the six months ended 30 September 2012 were unchanged from the same period in 2011 at £0.8m before tax, according to the company’s unaudited results announced today.
Revenue fell slightly from £34.2m in 2011 to £33.1m, while net revenue nudged upwards to £19.5m from £18.9m.
Commenting on the market outlook, Stephen Rowlinson, chairman Penna Consulting, says: "We are now seeing the first very tentative signs of growth in underlying demand. However, it is much too early to judge whether this will become a continuing trend. Everything depends on the level of confidence among our clients and this in turn depends on how events in world markets.”