Healthcare recruiter Pinnacle said its results for 2006 would meet expectations.

The company demerged from Nestor Healthcare in September.

It said cash generation was strong and it had repaid some of the £5m debt it had inherited at the demerger.

It said a major new contract win to supply Allied Health Professionals to the North Central London purchasing consortium was successfully implemented in September.  This contract is worth up to an additional £4m of sales per annum.

But Pinnacle’s shares have fallen in recent days to near their lowest since the demerger.