International staffing services provider Empresaria Group says that there were strong performances in Asia and improved performance in Chile.
UK trading has been stable. There are exceptional costs for the restructuring in Germany. The lower cost base will help profit to recover in 2013. The share price jumped 6.5p to 27.5p, valuing Empresaria at £12.3m.
Allenby Capital forecasts 2012 earnings per share of 4.9p, putting the shares on less than six times prospective 2012 earnings. The multiple is forecast to fall to less than five in 2013.
The full year figures will be published on 20 March.
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