Financials: NES revenue and profit drop ‘due to falling oil prices’

NES Global Talent has attributed a decline in both revenue and gross profit year-on-year to the falling price of oil.

The oil & gas, power and infrastructure staffing specialist’s results for the year ended 31 October 2016 were recently uploaded to Companies House.

The results reveal that group revenue fell to $801.9m (£626.1m) from $1bn in the previous year, while gross profit was also down, from $130m to $104m over the same period, which the group attributed to “significant uncertainties” in the oil & gas sector caused by a falling oil price since 2014.

On more positive note, the past year has seen the group successfully complete the acquisition of oil service company Frontica Advantage, while the recruiter adds it does not think Brexit will have a significant impact on the group.

€500k investment in firm creates technology jobs in Ireland

Irish firm EMR is on a recruitment drive following a €500k (£439k) investment in the firm.

19 October 2018

Workers needed for wind turbine expansion on Isle of Wight

The Isle of Wight stands to benefit from the creation of “hundreds” of new green energy jobs.

16 October 2018

Vargo Recruitment helps amber energy find new COO

Energy management consultancy amber energy is seeking to fill more than 30 new roles, including that of chief operating officer.

Contracts 15 October 2018

APPOINTMENTS: 15-19 OCTOBER 2018

This week’s appointments include: Frontline, Heidrick & Struggles, HireRight, Samuel Knight International, SmashFly Technologies, Wild Berry Associates

People 15 October 2018
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