News blog

Nakama Group

  • BY: Andrew Hore |
  • POSTED: 23/09/2019 |

Recruitment consultancy Nakama Group reported lower revenues but a move back into operating profit. 

In the year to March 2019, revenues fell by one-fifth to £13.4m, while net fee income fell by 23% to £4.1m. Those figures include discontinued activities. Continuing revenues net fee income still fell but less rapidly. An operating loss of £924,000 was turned into an operating profit on continuing activities of £125,000. A continuing pre-tax profit of £88,000 was achieved.

There is £166,000 in cash in the balance sheet and net debt is £272,000. The business was cash generative thanks to a sharp reduction in trade receivables.

Offices have been shut in Sydney and Melbourne, which are the discontinued activities, and the focus is on the UK and Asia Pacific. There was strong trading in Hong Kong and in the insurance-focused business in the UK but the Singapore business was loss-making. There are still some restructuring costs to come.

Peter Kellner has taken a 3.4% stake.

The share price recovered to 1.15p after the results.

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Northern Bear

Roofing and building services provider Northern Bear directors say they will not accept the 72p a share tender offer from Cedarvale Holdings. 

Continue reading... | 21/10/2019

LiDCO Group

Patient monitoring devices supplier LiDCO increased its product revenues by 10% in the year to July 2019. 

Continue reading... | 21/10/2019

Quoted Micro 14 October 2019

Continue reading... | 14/10/2019

Hague and London Oil

Former Aim company Hague and London Oil reported a decline in revenues in the first half of 2019, but it moved from loss to profit, but this was due to a gain on derivative instruments. 

Continue reading... | 13/10/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds