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.”