FINANCIALS: Norman Broadbent announces unaudited 7% gross profit
30 September 2014
Global senior and board executive recruiter Norman Broadbent has posted an unaudited half-yearly gross profit from continuing operations of £3.7m for the period to 30 June, up 7% on the same period last year.
Tue, 30 Sep 2014
Global senior and board executive recruiter Norman Broadbent has posted an unaudited half-yearly gross profit of £3.78m, of which £3.7m was from continuing operations, for the period to 30 June, up 7% on the same period last year.
The company earlier this year sold its 51% stake in a Belgian subsidiary and its 20% stake in Norman Broadbent Spain.
Company chief financial officer and chief operating officer James Webber told Recruiter the sale of the Spanish and Belgian interests “enabled the group to focus on improving profit margin in our core executive search business, which we have, as well as to continue to invest in growing our enhanced suite of service”.
He went on to say an adjusted operational loss from continuing operations of £400k, up from £300k last year, was due to continued investment in its subsidiaries, recruitment business AGP and direct sourcing firm Social Media Search, both part of the “enhanced suite”.
Highlights of the period include the expansion of the company’s interim management division and a refocusing of the brand worldwide.
Webber has also been appointed to the company’s board. For more on that, see the Appointments column in our Friday [3 October] bulletin.
Global senior and board executive recruiter Norman Broadbent has posted an unaudited half-yearly gross profit of £3.78m, of which £3.7m was from continuing operations, for the period to 30 June, up 7% on the same period last year.
The company earlier this year sold its 51% stake in a Belgian subsidiary and its 20% stake in Norman Broadbent Spain.
Company chief financial officer and chief operating officer James Webber told Recruiter the sale of the Spanish and Belgian interests “enabled the group to focus on improving profit margin in our core executive search business, which we have, as well as to continue to invest in growing our enhanced suite of service”.
He went on to say an adjusted operational loss from continuing operations of £400k, up from £300k last year, was due to continued investment in its subsidiaries, recruitment business AGP and direct sourcing firm Social Media Search, both part of the “enhanced suite”.
Highlights of the period include the expansion of the company’s interim management division and a refocusing of the brand worldwide.
Webber has also been appointed to the company’s board. For more on that, see the Appointments column in our Friday [3 October] bulletin.
